|09-29-2017 12:43 PM CET - Advertising, Media Consulting, Marketing Research||
“Global PEEK Market” to Poise Grow at CAGR of 6.8% through 2024
Press release from: Data Bridge Market Research
The Global PEEK Market accounted for USD 470.6 million in 2016 and is projected to grow at a CAGR of 6.8% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Global PEEK Market Analysis By Type (Unfilled, Carbon Filled, Glass Filled); By Application (Electrical & Electronics, Aerospace, Automotive, Oil & Gas, Medical, Others) By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
This report consists of below pages:
No of pages : 350
No of Figures: 60
No of Tables: 220
Polyether ether ketone (PEEK) is a semi-crystalline thermoplastic, which is inert and a thermally stable polymer, it has specific properties such as high temperature resistance, hydrolysis resistance, self-lubrication, easy processing, and high mechanical strength. The latest trend in this market is high demand for PEEK in aerospace and automotive industries and demand for PEEK instead of conventional materials. There is growing demand of PEEK for applications such as electrical & electronics, aerospace, automotive, oil & gas, medical, others are the driving for the PEEK market in the forecasted years.
The global PEEK market is consolidated due to the presence of a limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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Major Market Drivers:
• Increasing demand for PEEK in aerospace and automotive industries
• Replacement of conventional materials by PEEK
• Rapid growth in emerging economies coupled with improving economic conditions in developed economies
• High Price as compared to conventional materials
• Increasing competition from hybrid polymers and composites
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The PEEK market is segmented on the basis of type into unfilled, carbon filled and glass filled.
On the basis of application, the market is segmented into electrical & electronics, aerospace, automotive, oil & gas, medical and others.
On the basis of geography, the PEEK market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, Asia-Pacific is expected to dominate the market.
Major Market Competitors:
Some of the major players in PEEK market include
• Victrex PLC,
• Solvay S.A.,
• Evonik Industries AG,
• Saudi Basic Industries Corporation (SABIC),
• Panjin Zhongrun High Performance Polymers Co. Ltd,
• Celanese Corporation, Zyex Ltd,
• Quadrant Epp Surlon India Ltd,
• Prototype & Plastic Mold Co. Inc.,
• Jrlon Inc.,
• J. K. Overseas,
• Darter Plastics Inc.,
• Caledonian Ferguson Timpson Ltd,
• Tri-Mack Plastics Manufacturing Corp.,
• A. Schulman AG
• many more.
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