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:-
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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
