“Polyether Ether Ketone (PEEK) Market by Types (Unfilled, Carbon Filled, Glass Filled), Applications (Automotive, Aerospace, Medical, Electronics & Electrical, Industrial) & Geography - Global Trends & Forecasts to 2018”, defines and segments the global polyether ether ketone (PEEK) market with an analysis and forecasting of the global consumption volume.
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The global PEEK market is currently dominated by Europe and North America. The demand from the industrial, automotive, and aerospace segments fuelled the growth in these regions. In the coming few years, demand from the emerging countries is likely to increase on the back of rising awareness about the benefits of PEEK in various applications.
PEEK implants are increasingly being preferred in the medical industry due to its light weight and increased compatibility with the human body. The demand of PEEK in medical will continue to grow from the developing and emerging markets. However, developed markets’ demand for PEEK will register higher growth as compared with the developing markets in the coming five years.
Europe is the largest region, both in terms of volume and value. U.S., China, Japan, Germany, France, Italy, and U.K. are likely to remain major markets for PEEK. The major players of PEEK include Victrex Plc. (U.K.), Solvay Speciality Polymers (U.S.), Panjin Zhongrun High Performance Polymers (China), and Jida Evonik High Performance Polymers (China).
The demand for PEEK in terms of value and volume depicts current and future projections according to the parallel economic and industrial outlook. This analysis covers major developments, expansions, agreements, and mergers & acquisitions of the leading global companies.
The worth of the global PEEK market is estimated to reach $831 million by 2018. The market volume is expected to grow at a CAGR of 8.2% from 2013 to 2018. The high demand of industrial, electronics & electrical, automotive from across the globe will boost the demand of PEEK.
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