The global PEEK market is projected to be worth USD 1,225.7 Million by 2027, according to a current analysis by Emergen Research. The PEEK (Polyether Ether Ketone) market is observing a high demand attributed to its increasing demand from the automotive industry. A growing emphasis on safety standards and eco-friendliness is a critical factor driving the demand for PEEK in the automotive industry, which consistently focuses on reducing manufacturing costs and improving efficiency and durability to provide prolonged warranties. The growing necessity for automotive weight reduction, fueled by the need to have better mileage and lower carbon dioxide emissions, are causative of the miniaturization of the automotive component and modules and functional incorporation.
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Key
Highlights From The Report
In October 2019, Solvay launched KetaSpire® PEEK XT, which
provides the benefits of standard PEEK’s chemical resistance and improved
strength and rigidity at higher temperatures.
PEEK plastic gives a maximum weight saving of 80.0% than
metals. The lightweight characteristic, along with low friction and wear rate
and exceptional resistance to corrosion, can enhance the total transmission
efficiency.
Peek Polymers maintains its physical form and physical
characteristics under tremendously high temperatures up to 480 degrees
Centigrade. It is approved by the FDA for use in the food & beverage
industry. Also, it is resistant to harsh chemicals and emits significantly less
amount of toxic-gases.
Europe contributed to significant market share in 2019
attributed to stringent regulatory policies and technological innovations in
the aerospace and automotive industries.
Key
participants include Celanese Corporation, Solvay SA, Darter
Plastics Inc., Evonik Industries, Prototype & Plastic Mold Co. Inc., SABIC,
Victrex PLC, Panjin Zhongrun High Performance Polymers Co. Ltd., Jrlon Inc.,
and Quadrant Epp Surlon India Ltd., among others.
Product
Type Outlook (Revenue, USD Billion; 2017-2027)
Glass Filled
Carbon Filled
Unfilled
Others
Distribution
Channel Outlook (Revenue, USD Billion; 2017-2027)
Online
Offline
Industry
Vertical Outlook (Revenue, USD Billion; 2017-2027)
Electrical & Electronics
Aerospace
Automotive
Medical
Oil & Gas
Others
The
global PEEK market can geographically segmented into the following significant
regions:
North America (U.S. and Canada)
Latin America (Brazil)
Asia Pacific (Australia, China, Japan, India)
Europe (U.K., Germany, France)
Middle East & Africa (Egypt, South Africa, Israel,
Turkey, GCC Countries)
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Table
of Content
Chapter 1. Methodology & Sources
1.1. Market
Definition
1.2. Research
Scope
1.3. Methodology
1.4. Research Sources
1.4.1.
Primary
1.4.2.
Secondary
1.4.3. Paid
Sources
1.5. Market
Estimation Technique
Chapter 2. Executive Summary
2.1. Summary
Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. PEEK (QCL) Market Segmentation & Impact
Analysis
4.1. PEEK (QCL)
Market Material Segmentation Analysis
4.2. Industrial
Outlook
4.2.1.
Market indicators analysis
4.2.2.
Market drivers analysis
4.2.2.1. Growing Demand for PEEKs in Healthcare Applications
4.2.2.2. Increasing Use of PEEKs in Gas Sensing
4.2.3.
Market restraints analysis
4.2.3.1. High Cost
4.3. Technological
Insights
4.4. Regulatory
Framework
4.5. Porter’s Five
Forces Analysis
4.6. Competitive
Metric Space Analysis
4.7. Price trend
Analysis
4.8. Covid-19
Impact Analysis
Chapter 5. PEEK (QCL) Market By Fabrication Technology
Insights & Trends, Revenue (USD Million)
Chapter 6. PEEK (QCL) Market By Packaging Type Insights
& Trends Revenue (USD Million)
Chapter 7. PEEK (QCL) Market By Mode of Operation Insights
& Trends Revenue (USD Million)
Chapter 8. PEEK (QCL) Market By End Use Insights &
Trends Revenue (USD Million)
Chapter 9. PEEK (QCL) Market Regional Outlook
Continued…
