Polyether Ether Ketone Market Size to hit USD 1283.9 Million in 2027, Says Brandessence Market Research
LONDON, May 27, 2022 /PRNewswire/ -- The Polyether Ether Ketone Market value is expected to record a valuation of USD 1283.9 million by 2027, registering to accelerate at a 6.7% CAGR, according to the most recent study by Brandessence Market Research.
The Global Polyether Ether Ketone Market size was Valued at USD 815.4 Million in 2021. Polyether Ether Ketone Market Size, Share & Trends Analysis Report By Type (Unfilled PEEK, Carbon Filled PEEK, Glass Filled PEEK), By Application (Industrial, Electrical & Electronics, Automotive, Medical, Aerospace), Based On Region, And Segment Forecasts, 2022 – 2028
Get Sample of Report@ https://brandessenceresearch.com/requestSample/PostId/598
"Increasing demand for polyether ether ketone in the healthcare industry, rising demand in aerospace, automotive, electrical and electronic, and growing use of high-performance plastics are some of the major factors driving the growth of the Global Polyether ether ketone Market"
Polyether Ether Ketone Market Key Players:
- Aetna Plastics Corp.
- Schulman, Inc.
- J. K. Overseas
- CBC Co., Ltd.
- RTP Company
- Quadrant AG
- PolyOne Corporation
- Victrex PLC
- Solvay SA
- ZYEX Ltd.
- Celanese Corporation
Polyether ether ketone, a high-performance polymer is also known as PEEK. It is widely used in ultra-high vacuum applications, which makes it ideally suited for a material of choice in automotive chemical, aerospace, and electronic industries. PEEK also witnesses a solid growth in niche applications like material in reinforcing rods, and spinal fusion device-use for spinal fusion surgeries. Spinal fusion surgeries, initially developed to stabilize patients suffering from deformities, and tuberculosis has witnessed major growth in recent years. Conditions like lumber generative disc disease, and cervical disc replacement have driven growth for spinal fusion procedures by 13.8% and 12.2% in the past. Similar trends are being witnessed around the world as increased sedentary lifestyle continues to take a toll on global health. FFF printing, a low-cost, advanced 3D printing model also promises robust growth for PEEK, as demand in design, education, and manufacturing continues to drive innovation.
Polyether ether ketone Market: An Overview
PEEK remains a material of choice in industries like automotive, and aerospace. Due to the high-demanding nature of the applications, PEEK is widely used in electrical cable insulation, piston parts, high-performance chromatography columns, bearings, and compressor plate valves. It remains a material of choice for many manufacturing activities, due to very few alternatives, and remains on a strong growth trajectory, with growing applications like magnetic resonance imaging (MRI) technology. PEEK also remains at the forefront for creating implants for various neurological applications including key surgeries like a partial replacement of the skull. Growing demand for advanced neurological devices, and technology remains a promising arena for growth for players in the polyether ether ketone market.
Get Methodology: https://brandessenceresearch.com/requestMethodology/PostId/598
Polyether ether ketone Market: Notable Developments
India-based Lucid Implants has introduced PEEK-based implants. The implants are created using advanced 3D printing technology, with virtual surgical planning, and remain a promising prospect for patients with facial deformities. Conventionally, producing implants for face remained difficult, as technologies remained limited in reach to meet the complex need of patients with facial deformities. According to the company, the material provides replacement for bone tissue with bio-compatibility, and remains a verified and safe approach for replacement of conventional materials. The demand for facial uplifts, or surgeries to remove facial deformities remain high globally. In 2019, as per the American Society of plastic surgeons, total facelift surgeries in the United States reached 234,374 in 2019.
Solvay, a key chemical manufacturer has announced collaboration with 9T Labs. The new collaboration will witness carbon fiber-reinforced plastics introduced in a mass produced, quality, and sustainable variety, with an eye on increasing demand for quality, and low-cost production. The collaboration is aimed at using additive manufacturing technology to provide low-to-medium volume size parts for luxury-leisure industry, automotive, medical, aerospace, and the oil and gas industry. The collaboration aims to bring promising advantages of carbon-reinforced plastics to end-industries. Despite promising application, the cost-barriers of carbon-reinforced plastics have remained limited in its application. According to Marco Apostolo, Director of Technology at Solvay, "we are well positioned to address problems that have long plagued manufacturers in many industries trying to use advanced composites — namely high incremental costs, high scrap, and problems achieving repeatability and traceability at high volumes."
Regional Analysis:
Geographically, Asia Pacific is expected to dominate the global polyether ether ketone market within the forecast period due to the increasing applications of PEEK in such automotive, aerospace, and electrical & electronics industries, and the growing presence of key players in this region. For instance; as indicated by the India Brand Equity Foundation (IBEF), the country's aviation industry is supposed to observe an INR 35,000 crore (~USD 4.99 billion) investment in the following four years. In addition, presence of key companies in this region is also supplementing the market growth. For instance; as per the news published on January 15th, 2020; a New PEEK polymer manufacturing facility launched in China.
North America is expected to witness a significant growth in the global polyether ether ketone market due to increasing technological innovations to develop new applications, rising product demand in the healthcare industry, and growing demand for polyether ether ketone in the medical industry. For instance; as per the news published on March 13th, 2020; Evonik launched a next-generation PEEK biomaterial for MedTech applications.
On Special Requirement Polyether Ether Ketone Market Report is also available for below region:
North America
- U.S, Canada
Europe
- Germany, France, U.K., Italy, Spain, Sweden, Netherlands, Turkey, Switzerland, Belgium, Rest of Europe
Asia-Pacific
- South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC
Latin America
- Mexico, Colombia, Brazil, Argentina, Peru, Rest of Latin Americ
Middle East and Africa
- Saudi Arabia, UAE, Egypt, South Africa, Rest Of MEA
Get Full Access of all Report: https://brandessenceresearch.com/chemical-and-materials/polyether-ether-ketone-market-size-and-share
Related Reports At Bellow:
- Magnetic Sensor Market Size, Share & Trends Analysis Report By Technology (Hall Effect Sensors, Magneto resistive Sensors, SQUID Sensors (High–Temperature SQUID, Low–Temperature SQUID), Fluxgate Sensors, Others), By Application (Speed Sensing, Flow Rate Sensing, Detection/NDT, Position Sensing, Navigation And Electronic Compass), By End-Users (Automotive, Consumer Electronics, Industrial, Healthcare, Others) Based On Region, And Segment Forecasts, 2022 – 2028
- Image Sensor Market Size, Share & Trends Analysis Report By Technology (Polyether Ether Ketone, CCD Image Sensors, Others (SPolyether Ether Ketone And Hybrid Image Sensors), By Processing Technique (2D Image Sensors, 3D Image Sensors), By Spectrum (Visible, Non-Visible), By Array Type (Linear Image Sensors, Area Image Sensors), By Resolution (VGA, 1.3 MP To 3 MP, 5 MP To 10 MP, 12 MP To 16 MP, More Than 16 MP), By End User (Aerospace, Defence & Homeland Security, Automotive, Consumer Electronics, Medical & Life Sciences, Industrial, Commercial) Based On Region, And Segment Forecasts, 2022 – 2028
- CMOS Camera Market 2022 By Applications (Industrial, Medical, Surveillance, Automobile, Consumer Electronics, Aerospace & Defence) Forecast To 2028
- Fingerprint Sensors Market Size, Share & Trends Analysis Report By Technology (Optical, Capacitive, Thermal, Ultrasonic) By Type (Area And Touch Sensors, Swipe Sensors) By End-User Industries (Consumer Electronics, Government And Law Enforcement, Military, Defence And Aerospace, Travel And Immigration, Banking And Finance, Healthcare, Smart Homes, Others) Based On Region, And Segment Forecasts, 2022 – 2028
- Smart Sensors Market Size, Share & Trends Analysis Report By Technology (CMOS, MEMS, Others), By Type (Image Sensors, Pressure Sensors, Temperature & Humidity Sensors, Flow Sensors, Position Sensors, Light Sensors, Touch Sensors, Water Sensors, Motion & Occupancy Sensors, Ultrasonic Sensors, Others), By End-User (Consumer Electronics, Industrial Automation, Biomedical & Healthcare, Building Automation, Automotive, Aerospace & Defence, Others) Based On Region, And Segment Forecasts, 2022 - 2028
- Biosensors Market Size, Share & Trends Analysis Report By Product (Wearable Biosensors, Non- Wearable Biosensors), By Technology (Electrochemical Biosensors, Optical Biosensors, Piezoelectric Biosensors, Thermal Biosensors, Nanomechanical Biosensors) Based On Region, And Segment Forecasts, 2022 - 2028
- Quantum Sensors Market Size, Share & Trends Analysis Report By Product Type (Atomic Clocks, Magnetic Sensor, PAR Quantum Sensors, Gravity Sensors), By Application (Agriculture, Military & Defence, Automotive, Oil & Gas) Based On Region, And Segment Forecasts, 2022 – 2028
- Flexible PVC Films and Sheets Market is expected to reach USD 8.63 Billion by 2028 with a CAGR of 5.42% over the forecast period.
- Global High Performance Polymers Market is expected to grow with a CAGR of 8.1% over the forecast period.
- Sodium Acetate Market Size, Share & Trends Analysis Report By Product (Anhydrous, Trihydrate), By Application (Food, Leather & Textile, Medical & Pharmaceuticals), Based On Region, And Segment Forecasts, 2022 - 2028
i-Factor: Live Market intelligence platform
I-Factor is our guaranteed seal to keep our clients ahead of the competition, always. This knowledge platform delivers real-time updates on key economic indicators, competitive landscape, changing demand, trends, customized regional insights, and more. The platform visualizes key data points to help make decision making agile, trustworthy, and holistic. Register for free trail here @ https://brandessenceresearch.com/i-factor/login/userRegister
Brandessence Market Research & Consulting Pvt ltd.
Brandessence market research publishes market research reports & business insights produced by highly qualified and experienced industry analysts. Our research reports are available in a wide range of industry verticals including aviation, food & beverage, healthcare, ICT, Construction, Chemicals and lot more. Brand Essence Market Research report will be best fit for senior executives, business development managers, marketing managers, consultants, CEOs, CIOs, COOs, and Directors, governments, agencies, organizations and Ph.D. Students. We have a delivery center in Pune, India and our sales office is in London.
Website: https://brandessenceresearch.com
Blog: https://brandessenceresearch.com/blog/top-5-automotive-aftermarket-companies-in-global-market-2021 Vitamin B3 Manufacturers
Follow Us: Linkedin
Contact:
Mr. Vishal Sawant
Email: [email protected]
Email: [email protected]
Corporate Sales: +44-2038074155
Asia Office: +917447409162
SOURCE Brandessence Market Research And Consulting Private Limited
Share this article