Analysis of Polyether Ether Ketone (PEEK)
Market by 2023
A fresh report has been added to the wide database of
Business Industry Reports. The research study is titled
“Polyether Ether Ketone Market” by Manufacturers,
Countries, Type and Application, Forecast to 2023 which
provides important data about the production, consumption,
revenue and company profiles for key industry participants.
Global Polyether Ether Ketone Market Synopsis:
According to Market Analyst, The Global Polyether Ether Ketone Market is expected to grow at an
impressive Compound Annual Growth Rate (CAGR) from 2019 to 2023.
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Growing environmental concerns including huge carbon emissions have prompted the need for minimal
fuel consumption. This burning issue has forced automobile manufacturers to focus on increasing fuel
efficiency by reducing overall automobile weights. One way to reduce automobile weight is to replace
metals being used in vehicles, by efficient and environment-friendly alternative. Therefore, PEEK has
emerged as a potential alternative to metals in automobiles industry.
Excellent performance features of PEEK including superior strength and heat resistance are expected to
propel product preference in end-use industries such as food, medical, aerospace, semiconductors, and
packaging.
The global Polyether Ether Ketone Market can be segmented based on type, end users and geography.
Based on type, Market can be sub segmented into glass filled, carbon filled, and unfilled. Glass filled is
the most common PEEK type and is projected to grow at the highest CAGR during the forecast period. In
the end user segment, Market can be sub segmented into electrical & electronics, aerospace,
automotive, oil & gas, medical, and others. The electrical & electronics segment accounted for the
largest share of the PEEK market and is projected to be the fastest-growing segment from 2019 to 2023.