Polyaryletherketone (PAEK) Implants with Unique Properties Spearheading Demand in Medical Sector, Finds Fact.MR

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.

If You Want To Know More About The Report @ https://www.factmr.com/report/4462/polyaryletherketone-paek-market

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.

To remain ‘ahead’ of your competitors, request for a sample @ https://www.factmr.com/connectus/sample?flag=S&rep_id=4462

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
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

For critical insights on this market, request for Methodology here @ https://www.factmr.com/connectus/sample?flag=RM&rep_id=4462

“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 Comprehensive Insights Ask An Analyst Here @
https://www.factmr.com/connectus/sample?flag=AE&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.

Contact:
Fact.MR
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.