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Polyaryletherketone (PAEK) Market By Size Estimation, Growth Rate, Regional Analysis With Global Forecast To 2027 | Victrex Plc, Solvay S.A., Quadrant AG, Caledonian Industries Ltd. Evonik Industries AG, Arkema SA

02-19-2021 08:13 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

Polyaryletherketone (PAEK) Market By Size Estimation,

The global polyaryletherketone (PAEK) market is projected to grow at a CAGR of over 6% and is estimated to reach a valuation of over US$ 1.4 Bn by the end of the forecast period (2019-2027). The global demand for polyaryletherketone (PAEK) has seen a steady course since its inception. Polyaryletherketones are witnessing strong growth in many fields classically reserved for metals or polymers and are helping to improve yields and efficiency.

The utilization of polyaryletherketone (PAEK) is seeing an uptick as it offers various properties such as inherent flame retardancy and compressive strength. This is expected to heighten their demand in medical applications for dental instruments, body implants, and drug delivery. Examples of new applications can be found in various other sectors including the aerospace industry where the demand for polyaryletherketone (PAEK) materials is soaring.

Browse Full Report, visit: https://www.factmr.com/report/4462/polyaryletherketone-paek-market

Key Takeaways of Polyaryletherketone (PAEK) Market Study

With a projected CAGR of 5.5% from 2019 to 2027, ‘PEEK’ polymer is expected to see significant volume gains. This is attributed to increasing consumption in the automotive, medical, oil and gas industries and in the aerospace sector

The ‘medical’ end use segment is expected to the grow with the highest growth rate of over 7% due to the increased use of polyaryletherketone (PAEK) in surgical methods and dental work

Europe leads the global polyaryletherketone (PAEK) market with a market share of over 35% in 2019. The automotive industry in combination with private investments in research and development (R&D), acts as a force multiplier for the extensive utilization of polyaryletherketone (PAEK)

Asia Pacific holds a strong customer base in the global Polyaryletherketone (PAEK) market. Presence of key automotive companies in Japan including Honda, Yoyota and Suzuki and increased penetration of aircraft manufacturers are the attributing factors behind growth of the market in this region

Request a report sample to gain valuable insights at https://www.factmr.com/connectus/sample?flag=S&rep_id=4462

Growing demand from the construction and automotive sectors for replacements such as Polyphenylene Sulfide (PPS) and Polyethylenimine (PEI) is expected to curb market growth over the forecast period

“Healthcare investments and technological progressions along with supportive government policies will drive growth in the global polyaryletherketone (PAEK) market,” says the Fact.MR analyst

Extensive Capital Investments to Give Strategic Boost for Market Growth

The Polyaryletherketone (PAEK) market is moderately fragmented with front running competitors such as Victrex PLC, Solvay S.A. and Zyex Ltd holding the top shares. Due to strict registration processes and extensive capital investment requirements, moderate to high entry barriers are likely to induce competition between polyaryletherketone (PAEK) manufacturers. Several players are increasing their spending through effective strategies to ensure optimum business growth. As a result, they are forming strategic agreements with regional distributors, besides providing automotive and electrical & electronics sectors with technological expertise.

For More Detailed Information about Methodology at https://www.factmr.com/connectus/sample?flag=RM&rep_id=4462

Find More Valuable Insights on the Polyaryletherketone (PAEK) Market

Fact.MR, in its new offering, brings to fore an unbiased analysis of the global polyaryletherketone (PAEK) market, presenting historical demand data (2013-2018) and forecast statistics for the period, 2019-2027. The study divulges compelling insights on the polyaryletherketone (PAEK) market on the basis of type (PEK, PEEK, PEKK, Others), end-use industry (Aerospace, Automotive, Electronics, Energy, Manufacturing, Medical), across several regions.

Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business at https://www.factmr.com/connectus/sample?flag=AE&rep_id=4462

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