Global Polyetheretherketone (PEEK) Market Anticipated to Reach US$832.6 Million by the End of 2024, rising at a CAGR of 7.1%

Albany, New York, April 01, 2017: Polyetheretherketone (PEEK) is a colourless organic thermoplastic polymer with excellent mechanical and chemical resistance properties that are retained to high temperatures. Due to its excellent properties, polyetheretherketone (PEEK) is found suitable for use across diverse industries. Market Research Reports Search Engine (MRRSE) has broadcasted a new report to its massive online offerings. The research report is titled as “Global Polyetheretherketone (PEEK) Market– Industry Analysis, Size, Share, Growth, Trends and Forecast 2016-2024”. This report is a professional and in-depth analysis on the present state and future prospect of the global polyetheretherketone market.

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According to the report, the global polyetheretherketone market will exhibit an impressive CAGR of 7.1% between 2016 and 2024. At this rate, the market is likely to touch US$832.6 million before 2024, from US$451.5 million in 2015. According to key findings in the report, the rising research funding aimed at producing novel product will boost the market’s growth, while the high cost of a few grades of PEEK might hinder its uptake in various sectors. The study discusses drivers and restraints of the market and their impact on demand for PEEK during the forecast period. It also highlights risks and opportunities in the market along with value chain analysis at the global and regional level.

Besides this, Porter’s five forces model including aspects like bargaining power of suppliers, bargaining power of buyers, threat of new entrants, threat of substitutes and degree of competition has also been provided to help in the understanding of the competitive landscape of the market. The study provides a decisive overview of the global PEEK market by segmenting it in terms of end-users into:

  • Automotive
  • Aerospace
  • Industrial
  • Electrical & Electronics
  • Medical
  • Other Applications

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Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. These segments have been examined based on current and future trends. Moreover, the global market has been estimated in terms of revenue and volume for global, regional, and country level markets, based on geography and key end-users in the report.

The report comprises profiles of key firms operating in the global PEEK market. Key players are Evonik Industries, Victrex plc, Solvay SA, Panjin Zhongrun High Performance Polymers Co. Ltd. and Jilin Zhongyan High Performance Engineering Plastic Co., Ltd. These companies have been profiled in terms of aspects such as company overview, business strategies, financial overview and new developments.

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