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Global Polyether Ether Ketone Market to reach USD 1.1 billion by 2027.

Global Polyether Ether Ketone (PEEK) Market by Type (Glass Filled, Carbon Filled, Unfilled), End User (Electrical & Electronics, Aerospace, Automotive, Oil & Gas, Medical), Regional Forecasts 2021-2027

Product Code: CMCC-86914112
Publish Date: 15-08-2021
Page: 200

Global Polyether Ether Ketone Market is valued approximately at USD 0.7 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 6.3% over the forecast period 2021-2027. Polyether ether ketone is a semi-crystalline thermoplastic that is both inert and thermally stable. It has uses in nuclear power, aircraft, temperature resistant interfaces, and medical implants, among other things. High temperature resistance, hydrolysis resistance, self-lubrication, ease of processing, and high mechanical strength is some of its unique characteristics. When exposed to flame, PEEK produces a tiny quantity of smoke or hazardous gas emissions. When compared to other thermoplastics, it melts at a relatively high temperature, and the range of its melting temperature can be treated using injection molding, extrusion, spray forming, or pressing methods. The market growth is driven by rising number of applications in the healthcare industry and increasing production of aircrafts and defense vehicles. for instance, the entire aerospace and military sector produced USD 909 billion in 2019, according to the Aerospace Industries Association (AIA), although this figure is expected to drop in 2020. In addition, the in-service passenger jet fleet will increase from 24,015 units in 2019 to 41,274 units in 2039, according to Japan Aircraft Development Corporation (JADC). However, high price of PEEK compared to conventional materials may impede market growth over the forecast period of 2021-2027.

North America led the worldwide market, with the United States, among other North American nations, accounting for the largest consumer market. The PEEK market in the United States is projected to grow at a steady rate due to steady demand from different end-user sectors such as aerospace, electrical and electronics, and others, which is expected to drive the market.

Major market player included in this report are:
Saudi Basic Industries Corporation (SABIC)
Victrex PLC
Evonik Industries AG
Prototype & Plastic Mold Co. Inc.
Panjin Zhongrun High Performance Polymers Co. Ltd
Caledonian Ferguson Timpson Ltd
Celanese Corporation
Quadrant Epp Surlon India Ltd
Solvay S.A.
Jrlon Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Glass Filled
Carbon Filled
By End use industry:
Electrical & Electronics
Oil & Gas
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Polyether Ether Ketone Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Polyether Ether Ketone (PEEK) Market, by Region, 2019-2027 (USD Billion)
1.2.2. Polyether Ether Ketone (PEEK) Market, by type, 2019-2027 (USD Billion)
1.2.3. Polyether Ether Ketone (PEEK) Market, by End use industry, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Polyether Ether Ketone (PEEK) Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Polyether Ether Ketone (PEEK) Market Dynamics
3.1. Polyether Ether Ketone (PEEK) Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Rising number of applications in the healthcare industry Increasing production of aircrafts and defence vehicles
3.1.2. Market Restraint Increasing competition from hybrid polymers and composites High price of PEEK compared to conventional materials
3.1.3. Market Opportunities Emerging applications for PEEK
Chapter 4. Global Polyether Ether Ketone (PEEK) Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Polyether Ether Ketone (PEEK) Market, by type
5.1. Market Snapshot
5.2. Global Polyether Ether Ketone (PEEK) Market by type, Performance – Potential Analysis
5.3. Global Polyether Ether Ketone (PEEK) Market Estimates & Forecasts by type 2018-2027 (USD Billion)
5.4. Polyether Ether Ketone (PEEK) Market , Sub Segment Analysis
5.4.1. Glass Filled
5.4.2. Carbon Filled
5.4.3. Unfilled
5.4.4. Others
Chapter 6. Global Polyether Ether Ketone (PEEK) Market, by End use industry
6.1. Market Snapshot
6.2. Global Polyether Ether Ketone (PEEK) Market by End Use industry, Performance – Potential Analysis
6.3. Global Polyether Ether Ketone (PEEK) Market Estimates & Forecasts by End Use industry 2018-2027 (USD Billion)
6.4. Polyether Ether Ketone (PEEK) Market , Sub Segment Analysis
6.4.1. Electrical & Electronics
6.4.2. Aerospace
6.4.3. Automotive
6.4.4. Oil & Gas
6.4.5. Medical
6.4.6. Others
Chapter 7. Global Polyether Ether Ketone (PEEK) Market, Regional Analysis
7.1. Polyether Ether Ketone (PEEK) Market , Regional Market Snapshot
7.2. North America Polyether Ether Ketone (PEEK) Market
7.2.1. U.S. Polyether Ether Ketone (PEEK) Market type breakdown estimates & forecasts, 2018-2027 End use industry breakdown estimates & forecasts, 2018-2027
7.2.2. Canada Polyether Ether Ketone (PEEK) Market
7.3. Europe Polyether Ether Ketone (PEEK) Market Snapshot
7.3.1. U.K. Polyether Ether Ketone (PEEK) Market
7.3.2. Germany Polyether Ether Ketone (PEEK) Market
7.3.3. France Polyether Ether Ketone (PEEK) Market
7.3.4. Spain Polyether Ether Ketone (PEEK) Market
7.3.5. Italy Polyether Ether Ketone (PEEK) Market
7.3.6. Rest of Europe Polyether Ether Ketone (PEEK) Market
7.4. Asia-Pacific Polyether Ether Ketone (PEEK) Market Snapshot
7.4.1. China Polyether Ether Ketone (PEEK) Market
7.4.2. India Polyether Ether Ketone (PEEK) Market
7.4.3. Japan Polyether Ether Ketone (PEEK) Market
7.4.4. Australia Polyether Ether Ketone (PEEK) Market
7.4.5. South Korea Polyether Ether Ketone (PEEK) Market
7.4.6. Rest of Asia Pacific Polyether Ether Ketone (PEEK) Market
7.5. Latin America Polyether Ether Ketone (PEEK) Market Snapshot
7.5.1. Brazil Polyether Ether Ketone (PEEK) Market
7.5.2. Mexico Polyether Ether Ketone (PEEK) Market
7.6. Rest of The World Polyether Ether Ketone (PEEK) Market
Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Saudi Basic Industries Corporation (SABIC) Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.2.2. Victrex PLC
8.2.3. Evonik Industries AG
8.2.4. Prototype & Plastic Mold Co. Inc.
8.2.5. Panjin Zhongrun High Performance Polymers Co. Ltd
8.2.6. Caledonian Ferguson Timpson Ltd
8.2.7. Celanese Corporation
8.2.8. Quadrant Epp Surlon India Ltd
8.2.9. Solvay S.A.
8.2.10. Jrlon Inc.
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

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Data Collection:
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Market Size Estimation:
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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