The
global polyether ether ketone (PEEK) market and it is poised to grow by USD 236.29 million during
2020-2024, progressing at a CAGR of over 6% during the forecast period. The
report offers an up-to-date analysis regarding the current market scenario,
latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and
pessimistic) considering the impact of COVID-19. Please Request the Latest Free
Sample Report on COVID-19 Impact
Frequently Asked Questions-
·
What was the value of the polyether ether ketone
(PEEK) market in 2019?
Technavio says that the value of the market was at USD 655.20 million in 2019 and is projected to reach USD 891.49 million by 2024.
Technavio says that the value of the market was at USD 655.20 million in 2019 and is projected to reach USD 891.49 million by 2024.
·
At what rate is the market projected to grow during
the forecast period 2020-2024?
Growing at a CAGR of over 6%, the market growth will accelerate during the forecast period.
Growing at a CAGR of over 6%, the market growth will accelerate during the forecast period.
·
What is the key factor driving the market?
The increased demand for high-performance polymers has been instrumental in driving the growth of the market.
The increased demand for high-performance polymers has been instrumental in driving the growth of the market.
·
Who are the top players in the market?
BIEGLO GmbH, Caledonian Industries Ltd., Ensinger GmbH, Evonik Industries AG, LyondellBasell Industries NV, Mitsubishi Chemical Holdings Corp., PolyOne Corp., RTP Co., Solvay SA, and Victrex Plc are some of the major market participants.
BIEGLO GmbH, Caledonian Industries Ltd., Ensinger GmbH, Evonik Industries AG, LyondellBasell Industries NV, Mitsubishi Chemical Holdings Corp., PolyOne Corp., RTP Co., Solvay SA, and Victrex Plc are some of the major market participants.
·
Which region is expected to hold the highest market
share in the market?
Europe
Europe
·
Based on segmentation by application, which segment
is expected to witness the fastest growth in the global market?
The electrical and electronics segment is expected to grow at a faster rate.
The electrical and electronics segment is expected to grow at a faster rate.
The market is fragmented, and the degree of fragmentation will accelerate
during the forecast period. BIEGLO GmbH, Caledonian Industries Ltd., Ensinger
GmbH, Evonik Industries AG, LyondellBasell Industries NV, Mitsubishi Chemical
Holdings Corp., PolyOne Corp., RTP Co., Solvay SA, and Victrex Plc are some of
the major market participants. To make the most of the opportunities, market
vendors should focus more on the growth prospects in the fast-growing segments,
while maintaining their positions in the slow-growing segments.
The increased demand for high-performance polymers has been instrumental
in driving the growth of the market. However, the high cost associated with
PEEK might hamper the market growth.
Polyether Ether Ketone (PEEK) Market 2020-2024: Segmentation
Polyether Ether Ketone (PEEK) Market is segmented as below:
·
Application
o Electrical And
Electronics
o Automotive
o Aerospace
o Oil And Gas
o Others
·
Geographic Landscape
o Europe
o APAC
o North America
o South America
o Others
Polyether Ether Ketone (PEEK) Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study,
synthesis, and summation of data from multiple sources. Our polyether ether ketone (PEEK)
market report covers the following areas:
·
Polyether Ether Ketone (PEEK) Market size
·
Polyether Ether Ketone (PEEK) Market trends
·
Polyether Ether Ketone (PEEK) Market industry analysis
This study identifies the implementation of regulatory norms emphasizing
the use of lightweight materials as one of the prime reasons driving the
polyether ether ketone (PEEK) market growth during the next few years.
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