Showing posts with label Global PEEK Market Forecast. Show all posts
Showing posts with label Global PEEK Market Forecast. Show all posts

Friday, May 22, 2020

Technological Developments such as Increased Automation in Automobile Industry and Advent of 3D Printing along with Increase in Environmental Awareness will drive the demand of PEEK in various End User Industries: Ken Research


Global PEEK market is expected to register growth at CAGR of 7.2% and 8.0% by revenue and sales volume respectively during 2018-2025F.
The PEEK producers should focus on developing innovative PEEK solutions for different end user industries. Automotive gears, thermal and acoustic aircraft insulation blankets, pipes for oil and gas industry and dental implants are some of the upcoming applications of PEEK in the different industries.

Europe is expected to be the biggest market for PEEK by 2025. Growing demand of electronic and automatic vehicle, increase in environmental consciousness in the aerospace industry and technological developments in the electronics industry are expected to drive the market in Europe.
PEEK markets in South Korea, Japan and France are expected to grow at the fastest pace on the basis of sales volume with a CAGR of 9.0%, 8.9% and 7.8% respectively during 2018-2025F.

Advent of 3D printing Technology: 3D printing also known as additive manufacturing, has been gaining traction in the medical, aerospace and industrial manufacturing industry. Development of industrial and medical grade PEEK filaments for 3D printing will drive the demand of PEEK in these industries in the coming years.

Shifting End-User Preference towards PEEK: With increasing technological development, PEEK is replacing metals such as titanium, aluminum, steel, nickel, chromium and also other engineering plastics such as PPS, PTFE, Nylon 66, PAI, PEI, PLA, PVF and others in oil & gas, aerospace & defense, electronics & electrical, automotive, medical and food processing industries. For instance, carbon or glass reinforced grades of PEEK are replacing PTFE in seals and back-up rings application and it is also used to replace the conventionally used titanium tubes in aircraft tubing systems, for instance, PFW Aerospace selected VICTREX Pipes for the cargo drainage system on the Airbus A350 XWB.

Increase in Competition: Increase in number of expiring patents of Victrex PEEK and increase in global PEEK production capacity ensures availability of cheaper PEEK grades, which will eventually increase the demand of PEEK in various end user industries.

Technological Development in Automotive Industry: Development of electronic vehicles and automated vehicles has necessitated the demand of light weight, self lubricating and high performance material PEEK. With surge in demand of electric vehicle, the demand of PEEK is also expected to increase.

Increase in Demand for Technologically Advanced Consumer Goods: Increase in standard of living has increased the demand for technological advanced and expensive consumer goods. For instance, Dyson hairdryers and vacuum cleaners have PEEK impeller which makes it sound proof and enhances the consumer experience. Mentor Optical have developed PEEK optical frame with Evonik’s VESTAKEEP PEEK known as Plasteel Eyewear. The Eyewear weighs just 9 grams whereas traditional frames weigh as much as 23 grams, thereby offering the highest wear comfort for the user.

Analysts at Ken Research in their latest publication Global PEEK Market Outlook to 2025- By Type (Glass Filled, Unfilled and Carbon Filled), By Application (Oil & Gas, Electronics & Electrical, Aerospace & Defense, Automotive, Medical and Others) and By Region (Europe, Asia-Pacific, North America, South America and MEA) observed that the Global PEEK market will grow owing to multitude of factors namely increase in competition and global PEEK production capacity, shifting end-user preference towards PEEK, introduction of electric vehicles, increase in use of automated vehicles, development in 3D printing technology, regulation regarding CO2.

Key Segments Covered:-
By Type
Glass Filled
Unfilled
Carbon Filled

By Application
Oil & Gas
Compressor Components (Valve Plates and Valve Rings, Motor End Plates, and Piston Rings, Rider Bands, and Rod Packing)
Backup Seals and Backup Rings
Under the Sea Electrical Applications (Connector Pins, Wire Coatings, Housing and others)
Pipes Application (Pipe precursor, Pipe Laminate and Pipe Connectors)
HPLC Units (High Performance Liquid Chromatography Units includes Tubing and Fittings)
Others (Umbilical, Pump Housing, Wellhead Seals And Connectors, Wire Bundle Clamps, Gas Separation Gears, Impellers, Industrial Hoses, Jumpers, Magnet Wire, Tags, Sensors Slick Line Components, Slot Liners, Thrust Washers, Tubular and others)

Electronics & Electrical
Semiconductor Wafer Production and Testing Units (Wafer Carriers, Wafer Handler Arm, Wafer Polishing Rings, Testing Sockets and Other Components)
Speakers Components (Spiders, Acoustic Diaphragms, Coils, and Front Suspensions)
Impellers in Vacuum Cleaner and Hairdryers
Compressor in Refrigerators and AC
Acoustic Membrane and Electromechanical Components in Mobile Phones
Others (Printer components including  heat roller gears, guide claws and bushings, sensors, Three-dimensional circuit carriers in LED, xenon HID lights, Motor end caps, ECU housings, Bobbins and solenoids, Connectors, Circuit protection/relays, Actuator housings, Li-Ion battery systems, Fuse boxe and others)

Aerospace & Defense
Brackets, Clamps, Stand-offs & Fasteners
Interior Hardware (Floor supporting structure, Passenger Service Units including screen dragging unit, oxygen components, inside seat arm handle and others)
Thermal & Acoustic Aircraft Insulation Blankets
Tubing
Others (Wire Harness and Connectors, Drink Dispensers, Doors and Windows, Coatings and others)

Automotive
Seals, Thrust Washers, Bushings And Bearing Cages
Braking System
Gears
PEEK Composites and Others (Under-The-Hood Piston Units, Housing, Enclosures, Air-Conditioning Systems and others)

Medical
Spinal Implant
Dental Implant
Others (Ortho And Trauma Application Including Knee Implants, Hip Implants, Shoulder Arthroscopy, Implant Screws, Bone Plates And Others, Instrument In Labels, Delivery Instruments such as Syringes, Handles On Dental Syringes, Sterile Boxes to Hold Root Canal Files, Endoscopes, Dialyzers and others)
Others (Food Processing, Consumer goods, Packaging, Building and construction and others)

By Region:-
Europe
North America
Asia-Pacific
South America
MEA

Countries Covered:-
Germany
France
Italy
UK
US
Canada
China and Taiwan
Japan
South Korea
India
Brazil
Saudi Arabia

Key Target Audience:-
PEEK Producers
PEEK Semi-Finished and Compound Producers
Producers of Other Engineering Material

Time Period Captured in the Report:-
Historical Period – 2013-2018
Forecast Period – 2019-2025

Companies Covered in Global PEEK Market:-
PEEK Producers
Victrex
Solvay
Evonik
Jilin Zhongyan High Performance Plastic
Panjin Zhongrun High Performance Polymer

PEEK Compounds or Semi Finished Good Producers
Saudi Basic Industries Corporation (SABIC)
Ensinger
Mitsubishi Chemical Advanced Materials (MCAM)
Rochling Group
Celanese
LATI Thermoplastic Industries

For More Information on the research report, refer to below link:-

Related Reports:-


Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249


Wednesday, November 6, 2019

Global PEEK Market Outlook to 2025: Ken Research


The report titled Global PEEK Market Outlook to 2025- By Type (Glass Filled, Unfilled and Carbon Filled), By Application (Oil & Gas, Electronics & Electrical, Aerospace & Defense, Automotive, Medical and Others) and By Region (Europe, Asia-Pacific, North America, South America and MEA)provides in-depth analysis of the Global PEEK industry. The report covers various aspects including market overview and genesis, value chain analysis, market size by revenue and by sales volume, overall PEEK market segmentation by type, by application and by region. It also covers country snapshots for 12 countries (Germany, Italy, France, UK, US, Canada, China and Taiwan, Japan, South Korea, India, Brazil and Saudi Arabia) including the market segmentation by application in each country. It also provides comprehensive information on trends and developments, issues and challenges in the PEEK market along with the regulatory framework of the industry, SWOT and Porter’s Five Force Analysis. A detailed competitive landscape including competitive scenario, cross comparison matrix, strength and weakness for major players, market share on the basis of sales volume and production capacity for top five players and company profiles are also included in the report.  The report concludes with the future projections for the above mentioned market segments and analyst recommendations that involves key strategies for the existing players to ensure their profitability for the coming years and suggestions for potential entrants highlighting the major opportunities and cautions.

Global PEEK Market Overview and Size
Technological developments and increase in environmental awareness have necessitated the application of PEEK in different industries including oil & gas, electronics & electrical, aerospace, automotive and medical. For a long time, the Global PEEK industry has observed sluggish growth in demand. But in the past couple of years, demand of PEEK is growing at a rapid pace as a result of which the global PEEK production capacity has increased. The industry is booming with expanding sales volume owing to fluctuating oil prices, increase in availability of cheaper PEEK grades and increase in environmental regulation related to CO2 emission.

Global PEEK Market Segmentation
By Type (Glass Filled, Unfilled and Carbon Filled): Glass filled grades of PEEK grabbed the highest share followed by unfilled and carbon filled grades in terms of both revenue and sales volume during the year 2018. Lower cost, better physical properties and increase in application in oil & gas and electronics & electrical industry are the key factors attributing to rapid growth in glass filled segment. With emerging applications of PEEK in medical, aerospace and food processing industry the unfilled segment is expected to grow at the fastest pace by 2025.

By Application (Oil & Gas, Electronics & Electrical, Aerospace & Defense, Automotive, Medical and others): Oil & Gas industry had a highest share followed by electronics & electrical, aerospace & defense, automotive, medical and others in terms of both revenue and sales volume during the year 2018.  Fluctuating oil prices, growth in semiconductor industry, increase in air traffic and increase in environmental awareness are few of the factors driving the growth in the top 3 segments. By 2025, automotive segment is expected to grow at fastest pace in terms of sales volume. Increase in demand of electric vehicles and vehicles with automated transmission system will drive the growth in the segment.

By Region (Europe, Asia-Pacific, North America, South America and MEA): Europe is the biggest market for PEEK followed by Asia-Pacific, North America, South America and MEA in terms of sales volume during the year 2018. In terms of revenue the market is lead by Europe followed by North America, Asia-Pacific, South America and MEA during the year 2018. Booming aerospace & defense and automotive industry drive the growth in PEEK market in Europe. The PEEK market in Asia-Pacific is driven by increase in demand from electronics and semiconductor industry in the region. Surge in demand of medical grade PEEK which is the most expensive grade has driven the growth in North America in terms of revenue.

Competitive Landscape in Global PEEK Market
The market has been observed to be at the growth stage, with the competition been highly concentrated owing to the presence of only five major players including Victrex, Solvay, Evonik, Jilin Zhongyan High Performance Plastic and Panjin Zhongrun High Performance Polymer with a collective market share of around 97-98% in terms of sales volume in 2018. The competition between the companies is increasing over the years as the patents of the market leader Victrex have expired and the market is opening up for the other players. It was also observed that the companies are increasing their production capacity which is an indication of increasing competition.

Global PEEK Market Future Outlook and Projection
Global PEEK market is expected to expand significantly in terms of both sales volume and revenue by the year ending 2025. This is owing to multitude of factors namely increase in competition,  introduction of electric vehicles, increase in use of automated vehicles, development in 3D printing technology and technological upgradation in different manufacturing processes. Growth in environmental awareness and adoption of regulation regarding CO2 emission will continue to be the major factor driving the growth in the industry.

Key Segments Covered:-
By Type
Glass Filled
Unfilled
Carbon Filled

By Application
Oil & Gas
Compressor Components (Valve Plates and Valve Rings, Motor End Plates, and Piston Rings, Rider Bands, and Rod Packing)
Backup Seals and Backup Rings
Under the Sea Electrical Applications (Connector Pins, Wire Coatings, Housing and others)
Pipes Application (Pipe precursor, Pipe Laminate and Pipe Connectors)
HPLC Units (High Performance Liquid Chromatography Units includes Tubing and Fittings)
Others (Umbilical, Pump Housing, Wellhead Seals And Connectors, Wire Bundle Clamps, Gas Separation Gears, Impellers, Industrial Hoses, Jumpers, Magnet Wire, Tags, Sensors Slick Line Components, Slot Liners, Thrust Washers, Tubular and others)

Electronics & Electrical
Semiconductor Wafer Production and Testing Units (Wafer Carriers, Wafer Handler Arm, Wafer Polishing Rings, Testing Sockets and Other Components)
Speakers Components (Spiders, Acoustic Diaphragms, Coils, and Front Suspensions)
Impellers in Vacuum Cleaner and Hairdryers
Compressor in Refrigerators and AC
Acoustic Membrane and Electromechanical Components in Mobile Phones
Others (Printer components including  heat roller gears, guide claws and bushings, sensors, Three-dimensional circuit carriers in LED, xenon HID lights, Motor end caps, ECU housings, Bobbins and solenoids, Connectors, Circuit protection/relays, Actuator housings, Li-Ion battery systems, Fuse boxe and others)

Aerospace & Defense
Brackets, Clamps, Stand-offs & Fasteners
Interior Hardware (Floor supporting structure, Passenger Service Units including screen dragging unit, oxygen components, inside seat arm handle and others)
Thermal & Acoustic Aircraft Insulation Blankets
Tubing
Others (Wire Harness and Connectors, Drink Dispensers, Doors and Windows, Coatings and others)

Automotive
Seals, Thrust Washers, Bushings And Bearing Cages
Braking System
Gears
PEEK Composites and Others (Under-The-Hood Piston Units, Housing, Enclosures, Air-Conditioning Systems and others)

Medical
Spinal Implant
Dental Implant
Others (Ortho And Trauma Application Including Knee Implants, Hip Implants, Shoulder Arthroscopy, Implant Screws, Bone Plates And Others, Instrument In Labels, Delivery Instruments such as Syringes, Handles On Dental Syringes, Sterile Boxes to Hold Root Canal Files, Endoscopes, Dialyzers and others)
Others (Food Processing, Consumer goods, Packaging, Building and construction and others)

By Region:-
Europe
North America
Asia-Pacific
South America
MEA

Countries Covered:-
Germany
France
Italy
UK
US
Canada
China and Taiwan
Japan
South Korea
India
Brazil
Saudi Arabia

Key Target Audience:-
PEEK Producers
PEEK Semi-Finished and Compound Producers
Producers of Other Engineering Material

Time Period Captured in the Report:-
Historical Period – 2013-2018
Forecast Period – 2019-2025

Companies Covered in Global PEEK Market:-
PEEK Producers
Victrex
Solvay
Evonik
Jilin Zhongyan High Performance Plastic
Panjin Zhongrun High Performance Polymer

PEEK Compounds or Semi Finished Good Producers
Saudi Basic Industries Corporation (SABIC)
Ensinger
Mitsubishi Chemical Advanced Materials (MCAM)
Rochling Group
Celanese
LATI Thermoplastic Industries

Key Topics Covered in the Report:-
Market Overview and Genesis
Value Chain Analysis
Market Size, 2013 and 2018
Global PEEK Market Segmentations, 2013, 2018-2025F
Country Profiles
Global PEEK Market Trends and Recent Developments
Global PEEK Market Issues and Challenges
Government Regulations in Global PEEK Market
Porter’s Five Force Analysis of Global PEEK Market
SWOT Analysis of Global PEEK Market
Competitive Landscape in Global PEEK Market
Competitive Landscape in Global PEEK Compounding and Semi Finished Goods Market
Future Market Size, 2018-2025F
Analyst Recommendations

For more information on the research report, refer to below link:-

Related Reports:-


Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249