PEEK Market Size Projected To Reach $1.03 Billion By 2024

August 2016 | Report Format: Electronic (PDF)

The global polyether ether ketone (PEEK) market is expected to reach USD 1.03 billion by 2024, according to a new report by Grand View Research, Inc. Increasing high-performance plastics demand as a substitute to metals in automobiles on account of growing need for high efficiency and low weight materials is expected to drive overall industry demand in near future.

The stringent environmental regulatory framework in developed markets of the U.S. and Europe has forced the automobile industry participants to use such an alternative which helps in decreasing fuel consumption by enhancing overall fuel efficiency. Such regional trends are anticipated to positively impact global volumes over the forecast period.

Excellent performance features including superior strength and heat resistance are expected to propel product preference in end-use industries such as food, medical, aerospace, semiconductors and packaging sectors.

Glass filled was the major product segment and accounted for approximately 44.9% of total market volume in 2015. The product finds application in industrial, electric & electronics applications. Carbon filled is anticipated to witness at the highest CAGR from 2016 to 2024.

 To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/polyether-ether-ketone-peek-industry

Further key findings from the report suggest:

  • The global PEEK market demand was 5,048.2 tons in 2015 and is expected to exceed 10,000 tons by 2024, growing at a CAGR of 8.5% from 2016 to 2024

  • Automotive emerged as the leading consumer of PEEK and accounted for 28.1% of total volume in 2015. It is also expected to witness the highest growth of 9.4% over the forecast period. Increasing need for a highly efficient material which will help in reducing fuel consumption resulting in lower emission levels is expected to drive this segment.

  • The product is widely used for industrial applications including packaging, textile, and printing. Growing waste disposal concerns coupled with strict environmental regulations related to packaging is anticipated to positively impact PEEK demand in industrial applications.

  • Europe was the leading regional market and with demand share estimated at 54.2% in 2015.Stringent environmental regulatory framework to curb overall weight of automobiles is expected to drive the regional market.

  • Asia Pacific is expected to witness the highest growth of 14.0% on account of industrialization in China and India coupled with growing environmental concerns including noxious VOC emission levels.

  • Key companies include Zyex Ltd, Tri-Mack Plastics Manufacturing Corp., Caledonian Ferguson Timpson Ltd, Prototype & Plastic Mold Co. Inc., Victrex Plc, Darter Plastics Inc., J.K. Overseas, A. Schulman AG, Jida Evonik High-Performance Polymers (Changchun) Co. Ltd and Stern Industries Inc.

Grand View Research has segmented the PEEK market on the basis of product, application and region:

Global Polyether Ether Ketone (PEEK) Product Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2024)

  • Unfilled

  • Carbon filled

  • Glass filled

Global Polyether Ether Ketone (PEEK) Application Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2024)

  • Medical

  • Automotive

  • Aerospace

  • Industrial

  • Electricals & electronics

Global Polyether Ether Ketone (PEEK) Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2024)

  • North America

    • U.S

    • Canada

  • Europe

    • Germany

    • UK

    • France

    • Italy

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Taiwan

  • Central & South America

    • Brazil

  • Middle East and Africa

    • Saudi Arabia

Request Sample
Request for Customization

Choose License Type:

Single User - $4,950
Multi User - $7,950
Enterprise User - $9,950

Special Pricing & Discounts

Avail customized purchase options to meet your research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert. Request for a free product review before report purchase.

  • Custom research service

    Custom research service

    Speak to the report author to design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service excellence represented in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • BOA