PEEK Market size was valued at US$ 678.62 Mn. in 2021 and the total revenue is expected to grow at a CAGR of 6.3% through 2022 to 2029, reaching nearly US$ 1106.36 Mn.
PEEK Market Overview:
The PEEK market research provides a comprehensive insight into the competition, including the market share and company profiles of the world’s biggest rivals. The research scope covers a comprehensive examination of the PEEK Market, as well as the causes for variances in the industry’s growth across a variety of sectors.
Market Scope:
Top-down and bottom-up approaches are used to validate market size and estimate market size by segment. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights based on usage rate and average sale price are applied to each area to generate percentage splits, market shares, and segment breakdowns. The country-wise divisions of the overall market and its sub-segments are determined by the percentage adoption or usage of the specified market Size in the relevant area or nation.
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Segmentation:
Based on the End-User, the market is segmented into Electrical & Electronics, Aerospace, Automotive, Oil & Gas, Medical, and Others. Electrical & Electronics segment is expected to grow rapidly at a CAGR of % during the forecast period. An increasing demand from end applications of electrical & electronics industry, such as electrical connectors, transformers, cable sheaths, and others are driving this sector’s growth. This is the key factor that drives the growth of the electrical & electronics industry segment in the global market during the forecast period 2021-2029.
Key Players:
• Victrex PLC
• Solvay S.A.
• Evonik Industries AG
• Saudi Basic Industries Corporation (SABIC)
• Panjin Zhongrun High Performance Polymers Co. Ltd
• Celanese Corporation
• Zyex Ltd
• Quadrant Epp Surlon India Ltd
• Prototype & Plastic Mold Co. Inc.
• Jrlon Inc.
• J. K. Overseas
• Darter Plastics Inc.
• Caledonian Ferguson Timpson Ltd
• Stern Industries Inc.
• A. Schulman Inc.
• Mitsubishi Chemical Corporation
• PolyOne Corporation
• LATI Industria Termoplastici S.p.A.
• Saudi Basic Industries Corporation (SABIC)
Primary and secondary research is used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and markePEEKg executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and markePEEKg executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
The biggest players in the PEEK market are as follows:
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Regional Analysis:
Individual market influencing components and changes in market laws impacPEEKg current and future market trends are also covered in the PEEK market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer fooPEEKg. The geographical market evaluation is based on the current environment and anticipated trends.
COVID-19 Impact Analysis on PEEK Market:
End-user industries where PEEK are utilized saw a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India, due to a halt in operations. This resulted in a significant decrease in the revenues of enterprises in these industries, as well as in demand for PEEK manufacturers, harming the PEEK market’s growth in 2020. End-user business demand for PEEK has decreased as a result of lockdowns and an increase in COVID-19 occurrences throughout the world.
Key Questions Answered in the PEEK Market Report are:
- In 2021, which segment accounted for the most share of the PEEK market?
- What is the competitive landscape of the PEEK market?
- What are the key factors influencing PEEK market growth?
- In the PEEK market, which region has the most market share?
- What will be the CAGR of the PEEK market during the forecast period (2022-2027)?
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