How
PEEK market is Positioned Globally?
Polyetheretherketone (PEEK) is a high performance engineered plastic
which belongs to polyketone family of plastics. It is a light weight, heat
resistant material with a high strength to weight ratio which makes it suitable
to replace conventionally used metals such as titanium, aluminum, steel,
nickel, chromium and others 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, food processing and
industrial manufacturing industries. For instance, Tullow Oil and TechnipFMC
have successfully adopted Magma’s m-pipe which is produced using PEEK for oil
exploration activities. In the aerospace industry companies like Airbus, Boeing
and Hexcel have adopted PEEK as material choice for aircraft doors, engine
components and other 3D printed components.
The Global
PEEK market has been observed to be at the growth stage. In terms
of revenue the market size has increased from USD ~ in 2013 to USD ~ IN 2018
with CAGR of ~%. Global PEEK sales volume has increased from ~ tons in 2013 to ~
tons in 2018 with CAGR of ~%.
A rapid surge in investment by the PEEK producers to increase their
PEEK production capacity was observed during 2014-2016.
The global PEEK production capacity has increased from ~ tons per
annum in 2004 to approximately ~ tons per annum in 2018.
The PEEK industry was recognized
booming with expanding sales volume owing to increase in number of
expired patents, increase in production capacity, increase in awareness
regarding environmental protection, fluctuating oil price and technological
changes in the electronics industry. High price of the material, competition
from hybrid polymer and difficult processing conditions were recognized as few
of the challenges faced in the industry.
How
Global PEEK Market Is Segmented?
By Type (Glass Filled, Unfilled
and Carbon Filled), on the Basis of Sales Volume and Revenue: The share of
Glass filled grade of PEEK in the industry has remained the maximum followed by
unfilled and carbon filled grade of PEEK. Low price and versatility in the
application of glass filled grade in various industries were recognised as
factors explaining dominance of glass filled segment. The growing demand in
medical, oil and gas and food processing industry have driven the growth in
unfilled segment.
By Application (Oil & Gas,
Electronics & Electrical, Aerospace & Defence, Automotive, Medical
& Others) on the Basis of Sales Volume and Revenue: Oil & Gas
industry had a highest share followed by electronics & electrical,
aerospace & defence, automotive, medical and others in terms of both
revenue and sales volume during the in year 2018. Fluctuating oil prices, growth semiconductor
industry, increase in air traffic and growing environmental awareness are few
of the factors driving the growth in the top 3 segments.
By Region (Europe,
Asia-Pacific, North America, South America and MEA) on the Basis of Sales
Volume and Revenue: 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 & defence and automotive industry drive the growth in
PEEK market in Europe.
WHAT is the Future Outlook and
projections for Global Peek Market?
The Global PEEK Market has been anticipated to grow with a CAGR of ~%
in terms of revenue and ~% in terms of sales volume during 2018-2025F. This is due
to multitude of factors namely increase in competition and production capacity
expansion, introduction of electric
vehicles, increase in use of automated vehicles, development in 3D printing
technology, regulation regarding CO2 emissions and shift of end user industries from metals to
engineering plastics in manufacturing process.
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
Ankur@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
