Pdf for (PEEK) Polyether Ether Ketone Market

Polyether Ether Ketone Market Growth, Application,
Industry Outlook and Forecast by 2017 - 2024: Global
Market Insights, Inc.
(PEEK) Polyether Ether Ketone Market size is mainly driven by its wide usage in end
use industries which include home appliances, electrical & electronics, oil & gas,
healthcare and aerospace. Increasing demand for lightweight and high-quality
materials in emerging economies across the world will drive polyether ether ketone
market size.
Growing automotive industry will propel polyether ether ketone market as it is used
in place of metals in automobiles for reducing overall weight and provides efficient &
environment-friendly alternative. Technology improvement in products will create
opportunities for many global players to enter this industry. It is also used in
assembling of bearings, pumps, piston parts, cable insulation and medical devices
which will reinforce product demand.
Increase in demand of eco-friendly products will provide lucrative opportunities for
polyether ether ketone market. PEEK polymers are expensive as compared to metals
but wide varieties of product availability make it economical. Increasing consumer
awareness about its properties and uses will have a positive impact on polyether ether
ketone market.
PEEK is a thermoplastic polymer having excellent chemical & heat resistant and
abrasion properties. It is semi crystalline in nature and can be used in steam or hot
water without altering with its physical characteristics. They are mainly used in
engineering applications owing to better chemical and mechanical properties. PEEK is
used in many end user applications in various industries replacing metals and other
materials by assuring maximum flexibility, strength and chemical resistance.
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Polyether ether ketone market exists in several types which include carbon filled, glass
filled and unfilled polymers. Currently, glass filled PEEK holds the largest share in terms
of revenue as it is commonly used owning to its wide usage in aerospace, electrical &
electronics, and automotive industries.
PEEK can be divided based on its applications in oil & gas, electrical, aerospace and
automotive industries. They are widely used in electrical & electronic industries owing
to its wide range of application in cable sheaths, computer machinery, transformers,
and connectors.
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Europe, dominated by Germany for polyether ether ketone market is the fastest
growing region due to its strong demand in emerging automotive industries. France
and UK are expected to witness a steady growth in polyether ether ketone market with
growing usage of PEEK polymers in electrical and manufacturing sectors. Continuous
industrialization in this region will also play a vital role in boosting polyether ether
ketone market.
North America, led by the U.S for polyether ether ketone market is expected to witness
significant growth. Constant growth in industrialization and chemical industries in this
region will fuel the product demand. Latin America, dominated by Brazil and Mexico
are as an emerging PEEK industry due to growing industrialization in this region over
the projected timeframe.
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Regionally, Global Market Insights, Inc.’s Polyether ether ketone market research has
the most in-depth, country focused estimates and forecasts for decision makers across
the globe. An exhaustive list of company profiles for organizations active in the
Polyether ether ketone market supports the regional analysis and information offering
a competitive outlook on the industry. For each segment analyzed in this research,
whether it is by product, application, material or end-use, a regional overview with
historical data and Polyether ether ketone market forecast is provided to the reader.
Such a cross-segmentation research analysis is also unique to reports by Global Market
Insights, Inc.
Polyether ether ketone market is highly consolidated in nature owning to presence of
many international firms. Some of the prominent key players are Solvay SA, A.
Schulman, Stern Industries, Zyex Ltd., RTP Company, Evonik Industries, Victrex plc,
Jrlon Inc, J K Overseas, SABIC, Parkway Products Inc., Jida Evonik and Mitsubishi
Chemical Corporation. Companies are adopting strategies including, mergers,
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acquisitions, new product launch and expansion. In April 2017, Victrex plc, one the
leading player in PEEK industry has acquired Zyex Ltd., a recognized manufacturer of
PEEK based fibres. The acquisition is done to explore the upcoming growth
opportunities within the industry and to provide better solutions to their customers.
Company also acquired Kleiss Glass in July 2015 to deliver high class polymer gears to
expand industry share.
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