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 by 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast by 2024.
PEEK Industry is a high-performance engineering plastic with outstanding resistance to harsh chemicals, and excellent mechanical strength and dimensional stability. It offers hydrolysis resistance to steam, water, and sea water. PEEK has the ability to maintain stiffness at high temperatures and is suitable for continuous use at temperatures up to 338oF (170oC). This engineering plastic has a proven track record in challenging environments such as aerospace, oil and gas, and semiconductor.
The Global PEEK Market research report is a handbook which gives the information of Global PEEK Market like the evaluated CAGR levels in the assessed period or top moves of the key players and brands or understanding business division definition, game plans, applications, and duty. The report depends on broad and far reaching business reviews. Global PEEK Market report is used for a scope of key purposes, including benchmarking, due perseverance, cost cutting, arranging, assessing opportunities, gauging, streamlining, and whole market investigation. The Global PEEK Market research report includes the information about the competitors’ activities which helps in taking calculative steps.
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Major Market Competitors: Global PEEK Market
- 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.,
- K. Overseas,
- Darter Plastics Inc.,
- Caledonian Ferguson Timpson Ltd,
- Tri-Mack Plastics Manufacturing Corp.,
- Schulman AG
- many more.
Major Market Drivers: Global PEEK Market
- 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
Market Restraint: Global PEEK Market
- High Price as compared to conventional materials
- Increasing competition from hybrid polymers and composites
Competitive Analysis: Global PEEK Market
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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Market Segmentation: Global PEEK Market
Global PEEK Market, 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
Table Of Contents : Global PEEK Market
2 Market Segmentation
3 Market Overview
4 Executive Summary
5 Premium Insights
6 Global PEEK Market, By Type
7 Global PEEK Market, By Tumor Type
8 Global PEEK Market, By Application
9 Global PEEK Market, By End User
10 Global PEEK Market, By Geography
11 Global PEEK Market, Company Landscape
12 Company Profiles
13 Related Reports
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Key questions answered in the report
- What are the challenges being faced by the new entrants?
- Which will be the Global PEEK Market application and sorts and estimate joined intently by makers?
- Which will be the dangers which will attack growth?
- The length of the Global PEEK Market opportunity?
- How Global PEEK Market share advance vacillations their value from various assembling brands?