PEEK Market Size by 2027 |Industry Segmentation by Type, Application, Regions, Key News by 2027

The global PEEK market is projected to be worth USD 1,225.7 Million by 2027, according to a current analysis by Emergen Research. The PEEK (Polyether Ether Ketone) market is observing a high demand attributed to its increasing demand from the automotive industry. A growing emphasis on safety standards and eco-friendliness is a critical factor driving the demand for PEEK in the automotive industry, which consistently focuses on reducing manufacturing costs and improving efficiency and durability to provide prolonged warranties.

Our team of market experts has performed a thorough future market growth analysis and assessed the demand & supply graphs and the market’s historical and future revenue generation. The report is equipped with a vivid description of the current trends of the global PEEK market.

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Key Highlights From The Report

· In October 2019, Solvay launched KetaSpire® PEEK XT, which provides the benefits of standard PEEK’s chemical resistance and improved strength and rigidity at higher temperatures.

· PEEK plastic gives a maximum weight saving of 80.0% than metals. The lightweight characteristic, along with low friction and wear rate and exceptional resistance to corrosion, can enhance the total transmission efficiency.

· Peek Polymers maintains its physical form and physical characteristics under tremendously high temperatures up to 480 degrees Centigrade. It is approved by the FDA for use in the food & beverage industry. Also, it is resistant to harsh chemicals and emits significantly less amount of toxic-gases.

· Europe contributed to significant market share in 2019 attributed to stringent regulatory policies and technological innovations in the aerospace and automotive industries.

· Key participants include Celanese Corporation, Solvay SA, Darter Plastics Inc., Evonik Industries, Prototype & Plastic Mold Co. Inc., SABIC, Victrex PLC, Panjin Zhongrun High Performance Polymers Co. Ltd., Jrlon Inc., and Quadrant Epp Surlon India Ltd., among others.

Geographical Terrain of the PEEK Market:

· North America (the U.S., Canada, and Mexico)

· Europe (the U.K, Germany, France, Russia, and Italy)

· Asia Pacific (China, Japan, Korea, India, and Southeast Asia)

· Latin America (Brazil, Argentina, Colombia, etc.)

· Middle East & Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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Global PEEK Market Report – Table of Contents:

1. Report Overview

1.1 Research Scope

1.2 Key PEEK market segments

1.3 Target players

1.4 Market analysis by type

1.5 Market analysis by application

1.6 Key learning objectives

1.7 Report timeline

2. Global Growth Trends

2.1 Global PEEK market size

2.2 Latest trends of the PEEK market by region

2.3 Key corporate trends

3. Global PEEK Market share by key players

3.1 Global PEEK Market size by manufacturers

3.2 Global PEEK Market key players

3.3 Products/solutions/services of major players

3.4 New entrants in the PEEK market

3.5 Mergers, acquisitions, joint ventures, and expansion plans

4. Global PEEK Market by product type

4.1 Global PEEK Sales by Product

4.2 Global PEEK by Product Revenue

Key highlights of the report:

· The latest report performs an in-depth study of the potential opportunities and risks associated with the global PEEK market, alongside studying the recent innovations and major events.

· The report underlines the niche segments/regions that exhibit potential growth over the forecast timeframe.

· The report analyzes numerous business expansion strategies adopted by the contending companies in this market.

· A detailed synopsis of the market includes the rapidly changing market dynamics and accurate prediction of the current, historical, and forecast market sizes in terms of volume and value.

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