Global PEEK Market Research Report And Market Forecast: Ken Research

How PEEK market is Positioned Globally?
Polyetheretherketone (PEEK) is a high performance engineered plastic which belongs to polyketone family of plastics. It is a light weight, heat resistant material with a high strength to weight ratio which makes it suitable to replace conventionally used metals such as titanium, aluminum, steel, nickel, chromium and others and also other engineering plastics such as PPS, PTFE, Nylon 66, PAI, PEI, PLA, PVF and others in oil & gas, aerospace & defense, electronics & electrical, automotive, medical, food processing and industrial manufacturing industries. For instance, Tullow Oil and TechnipFMC have successfully adopted Magma’s m-pipe which is produced using PEEK for oil exploration activities. In the aerospace industry companies like Airbus, Boeing and Hexcel have adopted PEEK as material choice for aircraft doors, engine components and other 3D printed components.

The Global PEEK market has been observed to be at the growth stage. In terms of revenue the market size has increased from USD ~ in 2013 to USD ~ IN 2018 with CAGR of ~%. Global PEEK sales volume has increased from ~ tons in 2013 to ~ tons in 2018 with CAGR of ~%.
A rapid surge in investment by the PEEK producers to increase their PEEK production capacity was observed during 2014-2016.
The global PEEK production capacity has increased from ~ tons per annum in 2004 to approximately ~ tons per annum in 2018.

The PEEK industry was recognized booming with expanding sales volume owing to increase in number of expired patents, increase in production capacity, increase in awareness regarding environmental protection, fluctuating oil price and technological changes in the electronics industry. High price of the material, competition from hybrid polymer and difficult processing conditions were recognized as few of the challenges faced in the industry.

How Global PEEK Market Is Segmented?
By Type (Glass Filled, Unfilled and Carbon Filled), on the Basis of Sales Volume and Revenue: The share of Glass filled grade of PEEK in the industry has remained the maximum followed by unfilled and carbon filled grade of PEEK. Low price and versatility in the application of glass filled grade in various industries were recognised as factors explaining dominance of glass filled segment. The growing demand in medical, oil and gas and food processing industry have driven the growth in unfilled segment.

By Application (Oil & Gas, Electronics & Electrical, Aerospace & Defence, Automotive, Medical & Others) on the Basis of Sales Volume and Revenue: Oil & Gas industry had a highest share followed by electronics & electrical, aerospace & defence, automotive, medical and others in terms of both revenue and sales volume during the in year 2018. Fluctuating oil prices, growth semiconductor industry, increase in air traffic and growing environmental awareness are few of the factors driving the growth in the top 3 segments.

By Region (Europe, Asia-Pacific, North America, South America and MEA) on the Basis of Sales Volume and Revenue: Europe is the biggest market for PEEK followed by Asia-Pacific, North America, South America and MEA in terms of sales volume during the year 2018. In terms of revenue the market is lead by Europe followed by North America, Asia-Pacific, South America and MEA during the year 2018. Booming aerospace & defence and automotive industry drive the growth in PEEK market in Europe.

WHAT is the Future Outlook and projections for Global Peek Market?
The Global PEEK Market has been anticipated to grow with a CAGR of ~% in terms of revenue and ~% in terms of sales volume during 2018-2025F. This is due to multitude of factors namely increase in competition and production capacity expansion, introduction of electric vehicles, increase in use of automated vehicles, development in 3D printing technology, regulation regarding CO2 emissions and shift of end user industries from metals to engineering plastics in manufacturing process.

Key Segments Covered:-
By Type
Glass Filled
Carbon Filled
By Application
Oil & Gas
Compressor Components (Valve Plates and Valve Rings, Motor End Plates, and Piston Rings, Rider Bands, and Rod Packing)
Backup Seals and Backup Rings
Under the Sea Electrical Applications (Connector Pins, Wire Coatings, Housing and others)
Pipes Application (Pipe precursor, Pipe Laminate and Pipe Connectors)
HPLC Units (High Performance Liquid Chromatography Units includes Tubing and Fittings)
Others (Umbilical, Pump Housing, Wellhead Seals And Connectors, Wire Bundle Clamps, Gas Separation Gears, Impellers, Industrial Hoses, Jumpers, Magnet Wire, Tags, Sensors Slick Line Components, Slot Liners, Thrust Washers, Tubular and others)
Electronics & Electrical
Semiconductor Wafer Production and Testing Units (Wafer Carriers, Wafer Handler Arm, Wafer Polishing Rings, Testing Sockets and Other Components)
Speakers Components (Spiders, Acoustic Diaphragms, Coils, and Front Suspensions)
Impellers in Vacuum Cleaner and Hairdryers
Compressor in Refrigerators and AC
Acoustic Membrane and Electromechanical Components in Mobile Phones
Others (Printer components including heat roller gears, guide claws and bushings, sensors, Three-dimensional circuit carriers in LED, xenon HID lights, Motor end caps, ECU housings, Bobbins and solenoids, Connectors, Circuit protection/relays, Actuator housings, Li-Ion battery systems, Fuse boxe and others)
Aerospace & Defense
Brackets, Clamps, Stand-offs & Fasteners
Interior Hardware (Floor supporting structure, Passenger Service Units including screen dragging unit, oxygen components, inside seat arm handle and others)
Thermal & Acoustic Aircraft Insulation Blankets
Others (Wire Harness and Connectors, Drink Dispensers, Doors and Windows, Coatings and others)
Seals, Thrust Washers, Bushings And Bearing Cages
Braking System
PEEK Composites and Others (Under-The-Hood Piston Units, Housing, Enclosures, Air-Conditioning Systems and others)
Spinal Implant
Dental Implant
Others (Ortho And Trauma Application Including Knee Implants, Hip Implants, Shoulder Arthroscopy, Implant Screws, Bone Plates And Others, Instrument In Labels, Delivery Instruments such as Syringes, Handles On Dental Syringes, Sterile Boxes to Hold Root Canal Files, Endoscopes, Dialyzers and others)
Others (Food Processing, Consumer goods, Packaging, Building and construction and others)

By Region:-
North America
South America
Countries Covered:-
China and Taiwan
South Korea
Saudi Arabia

Key Target Audience:-
PEEK Producers
PEEK Semi-Finished and Compound Producers
Producers of Other Engineering Material

Time Period Captured in the Report:-
Historical Period – 2013-2018
Forecast Period – 2019-2025

Companies Covered in Global PEEK Market:-
PEEK Producers
Jilin Zhongyan High Performance Plastic
Panjin Zhongrun High Performance Polymer
PEEK Compounds or Semi Finished Good Producers
Saudi Basic Industries Corporation (SABIC)
Mitsubishi Chemical Advanced Materials (MCAM)
Rochling Group
LATI Thermoplastic Industries

For more information on the research report, refer to below link:-

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications

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