Fashion Blogs

The global Polyether Ether Ketone (PEEK) Market is estimated to reach USD 1.16 Billion by 2026, according to a new report by Reports and Data. PEEK (Polyetheretherketone) is a high-performance manufacturing, semi-crystalline thermoplastic. This hard opaque (grey) substance offers a unique mixture of immunity to chemicals, mechanical characteristics, exhaust, fatigue and as well as exceptionally high-temperature resistance, up to 480°F (260°C). The polymer refers to polyketone family of polymers (PEEK, PEK, PEKK, PEEKK, and PEKEKK), PEEK is the most extensively used and is produced in large scale amongst them.

Growing demand for high-performance plastics as a replacement to metals in automotive due to the increasing need for high performance and low weight materials is anticipated to drive the market. The stringent environmental administrative structure in advanced markets of Europe and the U.S has pushed the automotive business associates to use alternatives which help reduce fuel consumption by improving overall fuel efficiency. Such regional inclinations are expected to impact global volumes over the forecast period positively.

Several performance features of PEEK, including excellent strength and heat resistance, are anticipated to drive product preference in end-use industries. Despite the polymer being expensive, the market value of the material is increasing as it offers properties such as lightweight, toughness, and able to endure longer in severe environments.

North America and the Asia Pacific region followed by Europe are expected to witness steady growth during the forecast period. Developing economies of India, China, and South Korea are also likely to contribute significantly to regional growth due to the developing manufacturing and consumer packaging manufacturers. The market in North America is anticipated to grow at the highest rate of 7.5% during the forecast period.

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/polyether-ether-ketone-peek-market

Further key findings from the report suggest

• Due to its persuasive crystalline composition, it is intrinsically opaque grey in color.
• Based on Technology the market is segmented as 3D printing, Extrusion and Injection Molding.
• PEEK can be 3D printed in temperatures between 370 to 450 degrees.
• The bed temperature for this technology should continuously be at a minimum of 120 degrees.
• The slower the 3D printing rate, the more specific the result will be.
• Due to its unique features, 3D printing PEEK supports the development of nearly any complex pattern geometry, which cannot be produced using other technologies.
• It is anticipated to grow at a CAGR of 6.9% during the forecast period.
• Light-weight components and designs have become an essential feature for designing and manufacturing automobiles.
• The application in the automotive segment accounts for the largest share in 2018.
• As it decreases overall vehicular weight, manufacturers are adopting it for substituting metal components.
• The material also helps in lowering emissions from automobiles.
• It is substituting titanium, which was used for such purposes initially.
• Carbon-filled PEEK is favored more for such pharmaceutical uses.
• The market in Europe region is anticipated to grow at a rate of 7.0% during the forecast period.
• Celanese Corporation signed an acquisition contract with SO.F.TER Group (Italy) one of the world’s largest thermoplastic compounder manufacturers, in October 2016.
• Key participants include SABIC, Schulman, Inc., Solvay, Caledonian Ferguson & Timpson Ltd, Aetna Plastics Corp., CBC Co. Ltd, Celanese Corporation, Evonik Industries AG, Parkway Products, LLC., J.K. Overseas, Jilin Province Zhongyan Polymer Materials Co., Ltd., Polyone, Quadrant AG, RTP Company, Victrex plc and ZYEX Ltd

For the purpose of this report, Reports and Data have segmented global Polyether Ether Ketone (PEEK) Market on the basis of Product, Technology, Application, and region:

Product Outlook (Volume, Kilo Tons; and Revenue, USD Billion; 2016-2026)

• Carbon Filled
• Glass Filled
• Unfilled

Technology Outlook (Volume, Kilo Tons; and Revenue, USD Billion; 2016-2026)

• 3D Printing
• Extrusion
• Injection Molding

Application Outlook (Volume, Kilo Tons; and Revenue, USD Billion; 2016-2026)

• Automotive
• Healthcare
• Aerospace
• Oil & Gas
• Others

Thank you for reading our report. For further details or to inquire about customization, please let us know and we will offer you the report as per your needs.

About Us:

Our in-house experts assist our clients with advice based on their proficiency in the market that helps them in creating a compendious database for the clients. Our team offers expert insights to clients to guide them through their business ventures. We put in rigorous efforts to keep our clientele satisfied and focus on fulfilling their demands to make sure that the end-product is what they desire. We excel in diverse fields of the market and with our services extending to competitive analysis, research and development analysis, and demand estimation among others, we can help you invest your funds in the most beneficial areas for research and development.