Presentation is loading. Please wait.

Presentation is loading. Please wait.

Global Polyether Ether Ketone (PEEK) Market Expected To Reach USD 765.7 Million By 2020: Grand View Research, Inc. Grand View Research has announced the.

Similar presentations


Presentation on theme: "Global Polyether Ether Ketone (PEEK) Market Expected To Reach USD 765.7 Million By 2020: Grand View Research, Inc. Grand View Research has announced the."— Presentation transcript:

1 Global Polyether Ether Ketone (PEEK) Market Expected To Reach USD 765.7 Million By 2020: Grand View Research, Inc. Grand View Research has announced the addition of " Global Polyether Ether Ketone (PEEK) Market Analysis And Segment Forecasts To 2020 " Market Research report to their Database Global Polyether Ether Ketone (PEEK) Market Analysis And Segment Forecasts To 2020

2 Global polyether ether ketone (PEEK) market( http://www.grandviewresearch.com/industry- analysis/polyether-ether-ketone-peek-industry ) is expected to reach USD 765.7 million by 2020; according to a new study by Grand View Research, Inc. Shift towards reducing overall weight of automobiles by substituting metals with high performance plastics is expected to drive the global PEEK market over the forecast period. Stringent regulations particularly in the U.S. and Europe to minimize fuel consumption by improving fuel efficiency have prompted PEEK adoption across the automotive industry. Superior performance features have also contributed towards its increasing penetration across medical, food, semiconductors, aerospace and industrial sectors. High price of PEEK compared to other plastics is expected to remain a key challenge for market participants. http://www.grandviewresearch.com/industry- analysis/polyether-ether-ketone-peek-industry Glass filled emerged as the leading PEEK product and accounted for 47.6% of total market volume in 2013. Glass filled PEEK is widely used across electrical & electronics and industrial applications. Growth of electrical & electronics industry in Asia Pacific is expected to fuel this segment over the forecast period. Carbon filled PEEK is expected to witness the highest growth of 8.8% from 2014 to 2020 on account of its increasing application base across clinical and aerospace industries.

3 Further key findings from the study suggest: Global PEEK market demand was 4,320 tons in 2013 and is expected to reach 7,562.7 tons by 2020, growing at a CAGR of 8.4% from 2014 to 2020. PEEK is majorly used for industrial applications which accounted for 27.6% of total market volume 2013. Stringent environment regulations for packaging are expected to drive PEEK demand for industrial applications. In additon, rapid industrialization rates in Asian and Latin American countries are also expected to have a positive impact on the market growth over the forecast period. Automotive is expected to witness the highest growth of 8.9% from 2014 to 2020. Strong shift in trend towards replacing metals with high performance plastics in the U.S. and Europe is expected to drive the segment growth over the forecast period. Medical and aerospace application segments are also expected to witness significant growth. Currently, PEEK is majorly used as an efficient product for spinal surgeries in medical industry. In aerospace industry, PEEK is used as a raw material for new generation passenger aircrafts. Europe emerged as a leading regional market and accounted for 55.6% in 2013. Favorable regulatory scenario coupled with presence of major PEEK manufacturers is expected to drive the regional market over the forecast period. Asia Pacific is expected to witness the highest growth of 15.0% from 2014 to 2020. Positive outlook on regional automotive industry is expected to drive the regional market over the forecast period. Global PEEK market is highly consolidated and is dominated by leading MNCs. Major industry participants include Victrex Plc., Solvay Specialty Polymers, LIC and Panjin Zhongrun High Performance Polymers Co. Ltd. Other companies operating in the global PEEK market include Jida Evonik High Performance Polymers (Changchun) Co. Ltd, Zyex Ltd, A. Schulman AG, Caledonian Ferguson Timpson Ltd, Quadrant EPP Surlon India Ltd and J.K. Overseas. For More http://www.grandviewresearch.com/industry-analysis/polyether-ether-ketone- peek-industryhttp://www.grandviewresearch.com/industry-analysis/polyether-ether-ketone- peek-industry

4 Request free sample of this Report http://www.grandviewresearch.com/industry- analysis/polyether-ether-ketone-peek-industry/requesthttp://www.grandviewresearch.com/industry- analysis/polyether-ether-ketone-peek-industry/request For the purpose of this study, Grand View Research has segmented the PEEK market on the basis of product, application and region: Global Polyether Ether Ketone (PEEK) Product Outlook (Volume, Tons; Revenue, USD Million, 2012 – 2020) Unfilled Carbon filled Glass filled Global Polyether Ether Ketone (PEEK) Application Outlook (Volume, Tons; Revenue, USD Million, 2012 – 2020) Medical Automotive Aerospace Industrial Electrical & Electronics

5 Global Polyether Ether Ketone (PEEK) Regional Outlook (Volume, Tons; Revenue, USD Million, 2012 – 2020) North America U.S. Canada Europe Germany Italy Asia Pacific China Japan India Middle East & Africa Central & South America

6 Browse all reports at http://www.grandviewresearch.com/industry/specialty-bio-based-and- water-soluble-polymershttp://www.grandviewresearch.com/industry/specialty-bio-based-and- water-soluble-polymers About Grand View Research: Grand View Research, Inc. is a market research and consulting company that provides off-the- shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies, ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: sales@grandviewresearch.comsales@grandviewresearch.com Website: Grand View ResearchGrand View Research Blog Site: http://www.divog.org/ http://www.divog.org/


Download ppt "Global Polyether Ether Ketone (PEEK) Market Expected To Reach USD 765.7 Million By 2020: Grand View Research, Inc. Grand View Research has announced the."

Similar presentations


Ads by Google