PEEK polymers melt at a relatively high temperature compared to other thermoplastics. The range of its melting temperature can be processed and enhanced more using injection molding, extrusion methods, spray forming, or pressing methods. Apart from this, the ability to process polyether ether ketone (PEEK) polymers with 3D printing makes it a desired material for its increased applications.
ATLANTA, Sept. 12, 2022 (GLOBE NEWSWIRE) -- Data Bridge Market research has a newly released expansive study titled “Global Polyether Ether Ketone (PEEK) Market” which guarantees you will remain better informed than your competition. This study provides a broader perspective of the marketplace with its comprehensive market insights and analysis which eases survival and succeeding in the market. This Polyether Ether Ketone (PEEK) market report gives out an all-inclusive study about production capacity, consumption, import, and export for all the major regions across the world. Incredible industry insights and know-how of the greatest market opportunities in the Polyether Ether Ketone (PEEK) industry required for successful business growth can be gained with this market research report. Business intelligence has been employed here to generate this market report which is a vital aspect when it comes to accomplishing thorough and wide-ranging market insights. The Polyether Ether Ketone (PEEK) report provides the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, preferences for a particular product,s and market demand and supply scenarios.
The global polyether ether ketone (PEEK) market is expected to gain significant growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.6% in the forecast period of 2022 to 2029 and is expected to reach USD 1,062.29 million by 2029.
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Historic Years - 2020 (Customizable to 2014 - 2019)
PEEK is a colorless organic thermoplastic polymer, a member of the poly aryl ether ketone (PAEK) family. It is a homopolymer having a single monomer. It is a semi-crystalline thermoplastic with exceptional chemical and mechanical properties that are retained even at higher temperatures. It shows resistance to deterioration during various sterilization procedures. Hence it can be sterilized with heat sterilization methods without affecting its properties. Its chemical structure makes it highly resistant to chemical and radiation damage, compatible with reinforcing agents such as glass and carbon fibers and has greater strength than metals. These properties make it highly suitable for industrial applications.
Rapid advancement in medical and healthcare applications and stringent regulations to reduce CO2 emissions are expected to provide opportunities in the global polyether ether ketone (PEEK) market. However, challenging processing conditions for polyether ether ketones may challenge the global polyether ether ketone (PEEK) market growth.
Some of the major players operating in the Polyether Ether Ketone (PEEK) market are
DAIKIN COMPOUNDING ITALY S.p.A,
Mitsubishi Chemical Group of Companies,
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In February 2022, Arkema became the finalist at the JEC Composites Innovation Awards 2022. Arkema, in partnership with Somocap, was one of the 30 finalists for this 2022 edition in the Building and Civil Engineering category through the project led by Optimas. This has enhanced the company's reputation in the market
Rapid advancement in medical and healthcare application
The overall market is also anticipated to experience a wide range of applications in the medical industry over the forecast period. Currently, it is used for spinal surgery and is expected to be used for more clinical applications and commercial medical products with more research and development. There is a continuous need for research and development in the medical industry to explore untapped clinical applications of PEEK. On account of the lack of long-term clinical data, currently, the PEEK product has limited application in the field, but it is expected to boost over in the near future owing to its huge potential as a replacement for other materials used.
Stringent regulations to reduce CO2 emissions
PEEK is emerging as an environment-friendly solution in various applications. Its application leads to low carbon emissions compared to other polymers, including polyester laminate, polyvinyl chloride and polystyrene, among others. PEEK increases the service life of the products in which it is used by providing excellent corrosion resistance. It also performs well under high temperatures. It is one of the most versatile products in terms of providing manufacturing design freedom and thus results in less dependence on labor.
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Polyether Ether Ketone (PEEK) Market:- Regional Analysis/Insights
The global polyether ether ketone (PEEK) market is segmented based on country, type, application and end use.
Some countries in the polyether ether ketone (PEEK) market report are the U.S., Canada, Mexico, U.K., Germany, U.K., France, Italy, Spain, Russia, Switzerland, Turkey, Belgium, Netherlands and Rest of Europe, Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia and New Zealand and Rest of Asia-Pacific, Egypt, Saudi Arabia, United Arab Emirates, South Africa, Israel and Rest of the Middle East and Africa.
China is expected to dominate the Asia-Pacific polyether ether ketone (PEEK) market owing to the growing demand for automobiles and consumer goods in the region. The U.S. is expected to dominate in the North American region owing to the increasing demand for PEEK polymer for bearings in the region. Germany is expected to dominate the Europe polyether ether ketone (PEEK) market due to growing awareness of the excellent characteristics and properties of PEEK in the region.
Polyether Ether Ketone (PEEK) Key Benefits over Global Competitors:
The report provides a qualitative and quantitative analysis of the Polyether Ether Ketone (PEEK) market trends, forecasts, and market size to determine new opportunities.
Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
Top impacting factors & major investment pockets are highlighted in the research.
The major countries in each region are analyzed and their revenue contribution is mentioned.
The market player positioning segment provides an understanding of the current position of the market players active in the Personal Care Ingredients
Part 02: Scope Of The Report
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Europe Polyether Ether Ketone (PEEK) Market, By Type (Glass Filled, Carbon Filled, Unfilled and Others), Application (Bearings, Piston Parts, Pumps, HPLC Columns, Compressor Plate Valves, Cable Insulation, Biomedical and Others), End Use (Aerospace, Automotive, Food & Beverage Processing, Oil & Gas, Electrical Industry, Energy, Medical and Others) https://www.databridgemarketresearch.com/reports/europe-polyether-ether-ketone-peek-market
Asia-Pacific Polyether Ether Ketone (PEEK) Market, By Type (Glass Filled, Carbon Filled, Unfilled and Others), Application (Bearings, Piston Parts, Pumps, HPLC Columns, Compressor Plate Valves, Cable Insulation, Biomedical and Others), End Use (Aerospace, Automotive, Food & Beverage Processing, Oil & Gas, Electrical Industry, Energy, Medical and Others) https://www.databridgemarketresearch.com/reports/asia-pacific-polyether-ether-ketone-peek-market
Middle East and Africa Polyether Ether Ketone (PEEK) Market, By Type (Glass Filled, Carbon Filled, Unfilled and Others), Application (Bearings, Piston Parts, Pumps, HPLC Columns, Compressor Plate Valves, Cable Insulation, Biomedical and Others), End Use (Aerospace, Automotive, Food & Beverage Processing, Oil & Gas, Electrical Industry, Energy, Medical and Others) https://www.databridgemarketresearch.com/reports/middle-east-and-africa-polyether-ether-ketone-peek-market
North America Polyether Ether Ketone (PEEK) Market, By Type (Glass Filled, Carbon Filled, Unfilled and Others), Application (Bearings, Piston Parts, Pumps, HPLC Columns, Compressor Plate Valves, Cable Insulation, Biomedical and Other), End-Use (Aerospace, Automotive, Food & Beverage Processing, Oil & Gas, Electrical Industry, Energy, Medical and Others) https://www.databridgemarketresearch.com/reports/north-america-polyether-ether-ketone-peek-market
Polyetheretherketone (PEEK) Market, By Type (Glass Filled, Carbon Filled, Unfilled, Others), End Use Industry (Electrical and Electronics, Aerospace, Automotive, Oil and Gas, Medical, Others) https://www.databridgemarketresearch.com/reports/global-peek-market
Polyetheramine Market, By Type (Monoamine, Diamine, Triamine), Distribution Channel (Online, B2B, B2C), Application (Epoxy Coating, Polyurea, Adhesives & Sealants, Composites, Fuel Additives), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-polyetheramine-market
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