Polyaryletherketone Market Size, Revenue Analysis, Opportunities, Trends, Product Launch, 2021

Published: 2024-08-06
Views: 155
Author: vandanaruhi
Published in: Business

The global PEEK market is projected to be worth USD 1,225.7 Million by 2027, according to a current analysis by Emergen Research. The PEEK (Polyether Ether Ketone) market is observing a high demand attributed to its increasing demand from the automotive industry. A growing emphasis on safety standards and eco-friendliness is a critical factor driving the demand for PEEK in the automotive industry, which consistently focuses on reducing manufacturing costs and improving efficiency and durability to provide prolonged warranties. The growing necessity for automotive weight reduction, fueled by the need to have better mileage and lower carbon dioxide emissions, are causative of the miniaturization of the automotive component and modules and functional incorporation. Consequently, OEMs are focusing on advanced and innovative materials such as PEEK, possessing lightweight and high specific strength to manufacture cost-effective parts with enhanced performance. Moreover, PEEK, with its exceptional ductility and high fatigue strength, is beneficial in lowering maintenance resulting in uptime and increased productivity. Superior combination of high fatigue strength and ductility.

Furthermore, the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.

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Key companies operating in the Polyaryletherketone market include:

Arkema, SABIC, Solvay, Celanese Corporation, Ensinger, Victrex plc, Evonik, Mitsubishi Chemical Advanced Materials, AKRO-PLASTIC GmbH, and Nanoshel LLC

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global Polyaryletherketone market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Key Benefits of the Report:

Comprehensive analysis of the competitive scenario and its changing dynamics
Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
In-depth 8-year analysis of the Global Polyaryletherketone Market
Critical understanding of the key market segments
Comprehensive analysis of the drivers, restraints, trends, and opportunities
Detailed regional analysis and extensive company profiling
Extensive assessment of current and emerging trends of the market

For more informative information, please visit us @ https://www.emergenresearch.com/industry-report/polyaryletherketone-market

Polyaryletherketone Market Segmentation:

Product Type Outlook (Revenue, USD Million, Volume, Kilotons; 2019-2030)
- Polyether Ether Ketone (PEEK)
- Polyether Ketone (PEK)
- Polyether Ketone Ketone (PEKK)

Filler Type Outlook (Revenue, USD Million, Volume, Kilotons; 2019-2030)
- Unfilled
- Carbon Filled
- Glass Filled

Application Outlook (Revenue, USD Million, Volume, Kilotons; 2019-2030)
- Oil & Gas
- Medical
- Electrical & Electronics
- Automotive
- Aerospace
- Others

Polyaryletherketone Market Segmentation by Regions:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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