Published on : Aug 28, 2017
Albany, New York, August 28, 2017: According to a new study, the demand for polyether ether ketone is growing significantly. Due to its exceptional mechanical properties, polyether ether ketone (PEEK) is found appropriate for use across diverse industries. To elaborate further on this rapidly growing market, this latest study has been broadcasted to the wide repository of Market Research Hub (MRH). The study is titled as “Global Polyether Ether Ketone (PEEK) Market Outlook 2017-2022”, and provides a holistic perspective on market growth throughout the forecast period in terms of revenue estimates (in US$ Million) across different geographies, which are Asia Pacific (APAC), North America and Europe.
Polyether ether ketone (PEEK) is a colorless organic thermoplastic polymer in the polyaryletherketone (PAEK) family, used in engineering applications. This polymer has properties similar to other high-performance plastics but with a continuous use temperature range that is significantly larger than the other plastics. PEEK is used in a wide range of application segments including Electrical & Electronic, Automotive, Industrial Product and others.
At present, the market is driven by numerous factors such as increasing demand and usage of lightweight materials and growing usage in the electrical and electronics industries. From a geographical perspective, Europe dominates the global PEEK market in terms of production and demand. The report provides the actual market size of PEEK for the year 2016 and estimated market size for 2017 with forecast for the next five years. Additionally, it also highlights a number of drivers, restraints and opportunities that are expected to impact the market during the forecast period.
In order to provide a clear vision of the market, the study provides historic data of 2012-2016 along with a forecast from 2017 to 2022 based on both volumes and revenue. Further, the research throws lights on key product types, which includes carbon-filled PEEK, Un-filled PEEK and Glass-filled PEEK. Of these, Glass-filled is the most common type of PEEK and is used in a wide range of industrial applications. The glass filled segment is anticipated to be the fastest-growing type segment from 2017 to 2022, due to its enhanced mechanical and thermal properties.
The next section of the report highlights competitive landscape of the market. Presently, the global PEEK market is consolidated on account of the presence of a limited number of regional players such as Victrex (UK), Solvay (Belgium), Evonik (Germany), Kingfa (China), Jilin Zhongyan High Performance Plastic (China), Panjin Zhongrun High Performance Polymer (China) among others. Company profiling also includes attributes such as company overview, financial overview, products and services portfolio, major recent developments and key strategies within the report. Also, this subsequent section provides a clear insight into the market share analysis of key industry players.
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