According to a new market report published by Lucintel, the future of the global PEEK market looks promising with opportunities in electronics, oil & gas, aerospace, medical, automotive, and other industries. The global PEEK market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to grow with a CAGR of 2% to 4% from 2020 to 2025. The major drivers for this market are growing demand for high temperature resistance materials in different end use industries.
Browse 77 market data tables and 95 figures spread through 157 pages and in-depth TOC on “Global Polyetheretherketone (PEEK) Market"
To download report brochure, please go to https://www.lucintel.com/polyetheretherketone-market.aspx and click "report brochure" tab from the menu.
In this market, different types of PEEK such as electronics, oil & gas, aerospace, medical, automotive, and others are used as end use industry. Lucintel forecasts that electronics will remain the largest end use industry by value and volume due to its wide use in mobile and semiconductor applications. Aerospace is expected to witness the highest growth over the forecast period due to the increasing usage of PEEK in aircraft components such as brackets, fasteners, and others.
Europe is expected to remain the largest market for PEEK due to the increasing consumption of PEEK in all the major applications in this region. North America is expected to witness the highest growth rate during the forecast period due to the anticipated growth in the aerospace, oil and gas, and electronics industries..
Emerging trend, which has a direct impact on the dynamics of the PEEK industry, includes development of new applications, such as car gears, dental disc, and knee implants. Victrex, Solvay, Evonik, Panjin Zhongrun, and Zypeek Jilin and others are among the major PEEK manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global PEEK market by end use industry, use, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Polyetheretherketone (PEEK) Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global PEEK market by end use industry, use, and region as follows:
By End Use Industry [Volume (kilotons) and $M shipment analysis from 2014 to 2025]:
Electronics
Semiconductor
Mobile Film
Others Application
Oli & gas
Pipe
Others Application
Aerospace
Brackets
Fasteners
Other Applications
Medical
Spine
Arthroscopy
Other Applications
Automotive
Transmission System
Braking System
Gears
Other Application
Other End Use Industries
By Use [Volume (kilotons) and $M shipment analysis from 2014 to 2025]:
Unfilled
Caron Composites
Glass Composites
By Region [Volume (kilotons) and $M shipment analysis from 2014 to 2025]:
North America
Europe
Asia Pacific
The Rest of the World
This 157-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/polyetheretherketone-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.