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PEEK Market Trends and Forecast

The future of the global PEEK material market looks promising with opportunities in the aerospace, automotive, electronics, oil & gas, and medical end use. The global PEEK market is expected to reach an estimated $1,020 million by 2030 with a CAGR of 5% 2024 to 2030.  The major drivers for this market are growing demand for light weight, high heat resistance, and high strength materials in different end use.

  • Lucintel forecasts that electronics will remain the largest end use over the forecast period.
  • Carbon Composites PEEK will remain the largest segment by material over the forecast period.
  • Europe is expected to remain the largest region over the forecast period.
PEEK Market by End Use, and Material

 

Europe is expected to remain the largest market in the PEEK Market

  1. United States: Companies like Victrex and Solvay are driving the development of the PEEK market in the US. The government has initiated programs to support research and development in PEEK materials, particularly focusing on aerospace and medical applications, aiming to enhance the country's competitiveness in advanced manufacturing. 
  2. China: Chinese companies like ZYPEEK are major players in the PEEK market. The Chinese government has announced initiatives to promote the use of PEEK in various industries, including automotive and electronics, with the aim of fostering domestic innovation and reducing reliance on imported materials. 
  3. Germany: German firms such as Evonik and Ensinger are leading the PEEK market in Europe. The government has launched initiatives to support the development of high-performance PEEK materials for industrial applications, aiming to strengthen the country's position in advanced materials manufacturing. 
  4. Japan: Japanese companies like Victor Chemical Works are investing in PEEK technology. The government has set targets to increase the use of PEEK in medical devices and automotive components, offering subsidies for companies developing innovative PEEK materials and processes. 
  5. Switzerland: In Switzerland, companies like TECAPEEK are contributing to the growth of the PEEK market. The government has announced incentives for companies investing in PEEK research and development, aiming to promote the country's reputation as a center for innovation in high-performance polymers.
Emerging Trends in the PEEK Market
Emerging trends, which have a direct impact on the dynamics of the industry, include includes development of new applications, such as car gears, dental disc, and knee implants.
A total of 95 figures / charts and 77 tables are provided in this 157-page report to help in your business decisions. A sample figure with insights is shown below. 
PEEK Market by Segments
 

PEEK Market by Segment

The study includes a forecast for the global PEEK market by end use, material and region as follows:

PEEK Market by End Use [Value ($M) and Volume (kilotons) Shipment Analysis for 2018 – 2030]:

PEEK Market by Material [Value ($M) and Volume (kilotons) Shipment Analysis for 2018 – 2030]:

PEEK Market by Region [Value ($M) and Volume (kilotons) Shipment Analysis for 2018 – 2030]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

List of PEEK Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies PEEK companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the PEEK companies profiled in this report includes. 

Recent Developments in the PEEK Market 

  1. Evonik: Launched a new PEEK filament, Vestakeep i4 3DF, designed for 3D printing medical implants, enhancing opportunities for customizing patient treatments in orthopedics and maxillofacial surgery​ 
  2. 3D Systems: Received FDA clearance for the world's first 3D-printed PEEK cranial implants, expanding their PEEK product portfolio and facilitating faster access to innovative medical solutions​
  3. Invibio: Pioneering advances in implantable PEEK polymers with their PEEK-OPTIMA polymers, which offer enhanced radiolucency for better post-operative evaluations and positioning of implants​ 
  4. Apium Additive Technologies: Developed the Apium P155, a 3D printer capable of processing PEEK, which is being used for experimental printing of intervertebral lumbar cages, showing promise for future medical applications​

Features of PEEK Market 

  • Market Size Estimates: PEEK market size estimation in terms of value ($M) and volume (kilotons)
  • Trend and Forecast Analysis: Market trends (2018-2023) and forecast (2024-2030) by various segments and regions.
  • Segmentation Analysis: Market size by end use, material and region
  • Regional Analysis: PEEK market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different end use industry, product type, and regions for the PEEK market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the PEEK market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the PEEK market size?
Answer: The global PEEK market is expected to reach an estimated $1020 million by 2030. 
Q2. What is the growth forecast for PEEK market?
Answer: The PEEK market is expected to grow at a CAGR of 5% from 2024 to 2030.    
Q3. What are the major drivers influencing the growth of the PEEK market?
Answer: The major drivers for this market are growing demand for light weight, high heat resistance, and high strength materials in different end use.         
Q4. What are the major applications or end use industries for PEEK?
Answer: Electronics and oil & gas use are the major end use for PEEK.       
Q5. What are the emerging trends in PEEK market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, development of new applications, such as car gears, dental disc, and knee implants.
Q6. Who are the key PEEK companies?
Answer: Some of the key PEEK companies are as follows:
  • Victrex
  • Solvay S.A
  • Evonik
  • Panjin Zhongrun
  • Zypeek Jilin
Q7.Which PEEK product segment will be the largest in future?
Answer: Lucintel forecasts carbon filled PEEK will remain the largest segment and it is expected to witness the highest growth over the forecast period due to its excellent mechanical properties and its growing demand in end use.
Q8: In PEEK market, which region is expected to be the largest in next 5 years?
Answer: Europe is expected to remain the largest region over next 5 years  
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

Q.1 What are some of the most promising potential, high growth opportunities for the global PEEK market by end use (electronics, oil & gas, aerospace, medical, automotive, and others), material (unfilled, carbon composites and glass composites), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?

For any questions related to polyetheretherketone (PEEK) market or related to polyetheretherketone (PEEK) market share, polyetheretherketone (PEEK) market analysis, polyetheretherketone (PEEK) market size, and PEEK manufacturers, write to Lucintel analysts at helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary 
 
2. Market Background and Classifications 
2.1: Introduction, Background, and Classifications 
2.2: Supply Chain 
2.3: Industry Drivers and Challenges 
 
3. Market Trends and Forecast Analysis from 2018 to 2030 
3.1: Macroeconomic Trends and Forecasts 
3.2: Global PEEK Market Trends and Forecast 
3.3: Global PEEK Market by End Use
3.3.1: Aerospace 
3.3.1.1: Brackets 
3.3.1.2: Fasteners
3.3.1.3: Other Applications 
3.3.2: Automotive 
3.3.2.1: Chassis 
3.3.2.2: Breaking System 
3.3.2.3: Transmission System 
3.3.2.4: Gears 
3.3.3: Electronics 
3.3.3.1: Semiconductor 
3.3.3.2: Mobile Film 
3.3.3.3: Other Applications 
3.3.4: Oil and Gas 
3.3.4.1: Pipe 
3.3.4.2: Tape 
3.3.5: Medical 
3.3.5.1: Spine 
3.3.5.2 : Anthroscopy 
3.3.5.3: Other Applications 
3.3.6: Others 
3.4: Global PEEK Market by Material Type 
3.4.1: Unfilled 
3.4.2: Carbon Composites 
3.4.3 : Glass Composites 
 
4. Market Trends and Forecast Analysis from 2018 to 2030
4.1: Global PEEK Market by Region 
4.2: North American PEEK Market Trends and Forecast 
4.3: European PEEK Market Trends and Forecast 
4.4: APAC PEEK Market Trends and Forecast 
4.5: ROW PEEK Market Trends and Forecast 
 
5. Competitor Analysis 
5.1: Product Portfolio Analysis 
5.2: Market Share Analysis 
5.3: Operational Integration 
5.4: Geographical Reach 
5.5: Porter’s Five Forces Analysis 
 
6. Growth Opportunities and Strategic Analysis 
6.1: Growth Opportunity Analysis 
6.1.1: Growth Opportunities for the Global PEEK Market by End Use 
6.1.2: Growth Opportunities for the Global PEEK Market by Material Type 
6.1.3: Growth Opportunities for the Global PEEK Market by Region 
6.2: Emerging Trend in the Global PEEK Market 
6.3: Strategic Analysis 
6.3.1: New Product Development 
6.3.1: Capacity Expansion of the Global PEEK Market 
6.3.3: Certification and Licensing 
 
7. Competitor Analysis 
7.1: Victrex 
7.2: Solvay S.A 
7.3: Evonik 
7.4: Panjin Zhongrun 
7.5: Zypeek Jilin 
 

.

Buy full report or by chapter as follows

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[Chapter Number] [Chapter Name] [Chapter Number Of Pages] [Chapter Price]
Title/Chapter Name Pages Price
Full Report: Polyetheretherketone (PEEK) Market: Trends, Opportunities and Competitive Analysis [2024-2030] Full Report $ 4,850
95 figures/charts and 77 tables are provided in this 157 - page report
Chapter - 1: Executive Summary 5 $ 435
1. Executive Summary
Chapter - 2: Market Background and Classifications 15 $ 218
2. Market Background and Classification
2.1 Introduction, Background, and Classification
2.2 Supply Chain
2.3 Industry Drivers and Challenges
Chapter - 3: Market Trends and Forecast Analysis 66 $ 1,740
3. Market Trends and Forecast Analysis from 2013 to 2024
3.1 Macroeconomic Trends and Forecast
3.2 Global PEEK Market Trends and Forecast Analysis
3.3 Global PEEK Market by End Use
3.3.1 Electronics
3.3.1.1 Semiconductor
3.3.1.2 Mobile Film
3.3.1.3 Other Applications
3.3.2 Oil & Gas
3.3.2.1 Pipe
3.3.2.2 Other Applications
3.3.3 Aerospace
3.3.3.1 Brackets
3.3.3.2 Fasteners
3.3.3.3 Other Applications
3.3.4 Medical
3.3.4.1 Spine
3.3.4.2 Arthroscopy
3.3.4.3 Other Applications
3.3.5 Automotive
3.3.5.1 Transmission System
3.3.5.2 Braking System
3.3.5.3 Gears
3.3.5.4 Other Applications
3.3.6 Others
3.4 Global PEEK Market by Use
3.4.1 Unfilled
3.4.2 Carbon Composite
3.4.3 Glass Composite
Chapter - 4: Regional Analysis 13 $ 2,248
4. Market Trends and Forecast Analysis by Region
4.1 Global PEEK Market by Region
4.2 North American PEEK Market
4.3 European PEEK Market
4.4 APAC PEEK Market
4.5 ROW PEEK Market
Chapter - 5: Competitor Analysis 9 $ 725
5. Competitor Analysis
5.1 Product Portfolio Analysis
5.2 Market Share Analysis
5.3 Operational Integration
5.4 Geographical Reach
5.5 Porter’s Five Forces Analysis
Chapter - 6: Growth Opportunities and Strategic Analysis 13 $ 870
6. Growth Opportunities and Strategic Analysis
6.1 Growth Opportunity Analysis
6.1.1 Growth Opportunity Analysis of Global PEEK Market by End-Use
6.1.2 Growth Opportunities Analysis of Global PEEK Market by Material
6.1.3 Growth Opportunities Analysis of Global PEEK Market by Region
6.2 Emerging Trends in the Global PEEK Market
6.3 Strategic Analysis
6.3.1 New Product Development
6.3.2 Capacity Expansion of the Global PEEK Market
6.3.3 Mergers, Acquisitions and Joint Ventures in the Global PEEK Market
6.3.4 Certification and Licensing
6.3.5 Technology Development
Chapter - 7: Value Chain Analysis 1 $ 870
7. Value Chain Analysis
Chapter - 8: Company Profiles of Leading Players 19 $ 508
8. Company Profiles of Leading Players
8.1 Victrex
8.2 Solvay S.A
8.3 Evonik
8.4 Panjin Zhongrun
8.5 Zypeek Jilin
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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