U.S. Was the Key Polyetherether Ketone Market in North America

Posted March 5, 2020 by RohitPrabhakar

MarketsandMarkets forecasts the PEEK market to grow from USD 0.5 billion in 2016 to USD 0.7 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 6.3% during the forecast period.
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".

Browse 114 market data tables and 40 figures spread through 156 pages and in-depth TOC on "PEEK Market".
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With the revolution in the manufacturing sector for the production of light weight products, the need for high performance polymers with exceptional weight reduction properties, such as PEEK, has increased significantly. This revolution for light weight products is expected to lead to the aerospace and automotive industries emerging as high-end users of PEEK over the coming years.

From 2016 to 2021, electrical & electronics is projected to be the fastest growing end user segment in the PEEK market. This segment is expected to continue to lead in the coming years owing to the high demand from the Asia-Pacific region, Europe, and North America. Moreover, the increasing demand for electrical & electronics products from the emerging countries of the Asia-Pacific region is also boosting the growth of the PEEK market.

On the basis of end users, the PEEK market has been categorized into electrical & electronics, aerospace, automotive, oil & gas, medical, and others. The others segment includes defense, building & construction, and food & beverage industries. The primary types of PEEK available in the marketplace are glass filled, carbon filled, and unfilled. The glass filled segment is projected to be the fastest-growing type segment from 2016 to 2021, owing to the high demand from the electrical & electronics industry.

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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.

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Contact Email [email protected]
Issued By MarketsandMarkets
Phone 1-888-600-6441
Business Address Mr. Sanjay Gupta MarketsandMarkets™ INC. 630 Dundee Road Suite 430
Northbrook, IL 60062 USA
Country United States
Categories Business
Tags Polyetherether Ketone Market , Polyetherether Ketone , Polyetherether , PEEK Market , PEEK , Polyether
Last Updated March 5, 2020