HOME Press Releases PEEK Market worth 664.3 Million USD by 2021



PEEK Market worth 664.3 Million USD by 2021


The report "PEEK Market by Type (Glass Filled, Carbon Filled, Unfilled), End User (Electrical & Electronics, Aerospace, Automotive, Oil & Gas, Medical), Region (Europe, North America, Asia-Pacific, Middle East, South America, Africa) - Global Forecast to 2021", The global Polyether Ether Ketone (PEEK) market is projected to reach USD 664.3 Million by 2021, at a CAGR of 6.3% from 2016 to 2021.

                  Request Sample                   Request Sample

Browse 114 market data tables and 40 figures spread through 156 pages and in-depth TOC on "PEEK Market by Type (Glass Filled, Carbon Filled, Unfilled), End User (Electrical & Electronics, Aerospace, Automotive, Oil & Gas, Medical), Region (Europe, North America, Asia-Pacific, Middle East, South America, Africa) - Global Forecast to 2021"
https://www.marketsandmarkets.com/Market-Reports/polyether-ether-ketone-market-928.html
Early buyers will receive 10% customization on reports.

The global PEEK market is driven by the strong growth in the demand for light weight high performance materials across various end-use sectors, especially electrical & electronics, aerospace, automotive, oil & gas, and medical. Advancements in terms of product innovations and technologies in the market are also expected to create strong investment opportunities for global players.

Electrical & electronics is the largest end user segment of the global PEEK market

Based on end users, the PEEK market has been segmented into electrical & electronics, aerospace, automotive, oil & gas, medical, and others. The electrical & electronics segment accounted for the largest share of the PEEK market in 2015; and is projected to be the fastest-growing segment from 2016 to 2021. PEEK has various applications in the electrical & electronics industry, including electrical connectors, cable sheaths, computer machinery, transformers, and so on.

Glass filled was the largest type segment of the PEEK market

Based on type, the PEEK market has been segmented into glass filled, carbon filled, and unfilled. Glass filled is the most common PEEK type and is projected to grow at the highest CAGR during the forecast period. It is widely used in the electrical & electronics, and transportation (aerospace and automotive) industries.

The Asia-Pacific is the fastest growing market for PEEK from 2016 to 2021

The Asia-Pacific region is emerging as the leading consumer of PEEK due to the increasing demand from domestic markets. Increasing applications of PEEK in the electrical & electronics, aerospace, and automotive applications are expected to bring new opportunities to the market. In addition, countries such as China and South Korea are known as the major hubs for the production of electronic components. Moreover, the high economic growth rate, growing manufacturing industries, cheap labor, the growing electronics market, and the global shift of consumption and production capacities from the developed markets to emerging markets are a few factors leading to the growth in demand for PEEK in the Asia-Pacific region.

The key players operational in the PEEK market include Victrex plc (U.K.), Solvay S.A. (Belgium), Evonik Industries AG (Germany), and Panjin Zhongrun High Performance Polymers Co. Ltd., (China), among others.

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&Ms flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports