The size and share of the PEEK Market were around USD 502.38 million by revenue, at the end of 2021. It is anticipated to grow at a CAGR of 8.72 % to reach USD 757.74 million by 2026.
PEEK Market is also known as Polyether Ether Ketone Market. It is a newly evolving, fast-growth market mainly due to the increasing demand from end-users and research & developments as a result of the rapid urbanization in the world.
MedSpace, Inc., an Ohio based clinical contract research organization, has released an Eclipse Soft Tissue memory fixation device. The device, which was designed to attach a tendon, ligament, or soft tissue to bone, is made of PEEK Altera material and can improve fixation strength by offering a non-rotational insertion method.
Solvay, a major shareholder in the market, has added neat Radel PPSU and 10% carbon fiber filled keta sprite PEEK to the DIgimat-Additive Manufacturing software, which complements the neat Radel PPSU which is already available in the software.
PEEK Market Drivers and Restraints
The increasing demand from end-use industries like the electrical and electronic industry and Aerospace industry is the major driver to the global PEEK market. The use of PEEK in numerous fast-growing industries creates a high potential for the PEEK market in the coming market, which could make the market enter the billion markets list in no time. Also, the vast application of Glass-filled PEEK is another major factor fueling the growth of the global market. However, the strict regulations imposed on the leading polyether ether ketone producers may negatively affect the global market growth. Also, undergoing research and developments for better suitable alternatives for various end-use industries may, in the future, restrain the market growth.
Market Size Available
2020 – 2025
2021 - 2026
By Type, End-use and Region
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled
Solvay S.A. (Belgium), A. Schulman AG (U.S.), Evonik Industries AG (Germany), J K Overseas (India), Panjin Zhongrun High Performance Polymers Co. Ltd., (China), Caledonian Ferguson Timpson Ltd (U.K), Quadrant Epp Surlon India Ltd. (India), Jida Evonik High Performance Polymers Co. Ltd. (Changchun), Victrex plc (U.K.), Parkway Products Inc. (U.S.), Stern Industries Inc. (U.S.), Saudi Basic Industries Corporation (SABIC), Shenyang Chemical Co. Ltd. (China), Celanese Corporation (U.S.), Jrlon Inc.(U.S.), Darter Plastics Inc. (U.S.), Zyex Ltd. (U.K)
PEEK Market Detailed Segmentation as per the research report until 2026.
PEEK Market - By Type
PEEK Market - By End-User
Among the mentioned types of PEEK, the Glass-filled sector finds most use in the world due to its wide range of industrial applications, owing to its ability to provide enhanced thermal and mechanical properties. This makes the Glass-filled segment to have the fastest growth in the aforementioned forecast period.
Of the mentioned end-users the electrical & electronics sector is the largest user of PEEK as there are a variety of applications of PEEK in this industry some of which are wire insulation, filtration membrane, and polymer parts of circuit breakers, batteries, capacitors, connectors, sockets, and touch screen components. It had the largest share of revenue generated when compared among other end-users, followed by the aerospace end-user sector.
PEEK Market Geographical Analysis:
PEEK Market is segmented as Latin America, Europe, Asia Pacific, Middle-East & Africa, and North America. Asia Pacific is expected to be the fastest-growing market in the forecast period, due to its high CAGR, increasing demand for growing industries, and the scope of future opportunities, mainly in developing countries like Japan, India, and China.
The geographical advantages in the region offer it a high chance to succeed in the global market. North America had the largest market share in the year 2020 as the major market players are from this region. The growth rate of this region is the second-highest in the aforementioned forecast period. The advances in laboratory setups and established plants are the reason for this region’s high market value. Europe is close to North America in terms of market size.
The growth rate, however, is not as much as that in Asia or North America making is susceptible to witness an overtake in the market value by the Asia Pacific in the coming future. The Middle East and Africa and Latin America regions, being in the low developing countries due to the contribution of low GDP countries, have fewer chances for industry growth. Hence, the PEEK market in these regions is slow-growing in nature.
Some of the key players are:
By the end of 2020, Solvay S.A. (Belgium), A. Schulman AG (U.S.), Evonik Industries AG (Germany), J K Overseas (India), Panjin Zhongrun High-Performance Polymers Co. Ltd., (China), Caledonian Ferguson Timpson Ltd (U.K), Quadrant Epp Surlon India Ltd. (India), Jida Evonik High-Performance Polymers Co. Ltd. (Changchun), Victrex plc (U.K.), Parkway Products Inc. (U.S.), Stern Industries Inc. (U.S.), Saudi Basic Industries Corporation (SABIC), Shenyang Chemical Co. Ltd. (China), Celanese Corporation (U.S.), Jrlon Inc.(U.S.), Darter Plastics Inc. (U.S.), Zyex Ltd. (U.K), Ensminger(Germany) and Caledonian Industries (U.K) are the leading shareholders of the Global PEEK market. These companies are currently focused on expansion strategies to improve their market value and position.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.2 Glass Filled
5.1.3 Carbon Filled
5.1.5 Y-o-Y Growth Analysis, By Type
5.1.6 Market Attractiveness Analysis, By Type
5.1.7 Market Share Analysis, By Type
5.2 End User
5.2.2 Electrical & Electronics
5.2.5 Oil & Gas
5.2.8 Y-o-Y Growth Analysis, By End User
5.2.9 Market Attractiveness Analysis, By End User
5.2.10 Market Share Analysis, By End User
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Type
188.8.131.52 By End User
6.1.4 Market Attractiveness Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Type
18.104.22.168 By End User
6.1.5 Market Share Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Type
188.8.131.52 By End User
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Stern Industries Inc.
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Solvay S.A.
8.3 A. Schulman AG
8.4 Evonik Industries AG
8.5 J K Overseas
8.6 Panjin Zhongrun High Performance Polymers Co. Ltd.
8.7 Caledonian Ferguson Timpson Ltd
8.8 Quadrant Epp Surlon India Ltd.
8.9 Jida Evonik High Performance Polymers Co. Ltd.
8.10 Victrex plc
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
The segment-level analysis in terms of By Type, and By End-user along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Global PEEK Market Market By Region, From 2021-2026( USD Million )
Global PEEK Market Market By Type, From 2021-2026( USD Million )
Global Glass Filled Market By Region, From 2021-2026( USD Million )
Global Carbon Filled Market By Region, From 2021-2026( USD Million )
Global Unfilled Market By Region, From 2021-2026( USD Million )
Global PEEK Market Market By End User, From 2021-2026( USD Million )
Global Electrical & Electronics Market By Region, From 2021-2026( USD Million )
Global Aerospace Market By Region, From 2021-2026( USD Million )
Global Automotive Market By Region, From 2021-2026( USD Million )
Global Oil & Gas Market By Region, From 2021-2026( USD Million )
Global Medical Market By Region, From 2021-2026( USD Million )
Global Others Market By Region, From 2021-2026( USD Million )