Pune, India -- (SBWIRE) -- 03/07/2018 -- The Global PEEK Market accounted for USD 470.6 million in 2016 and is projected to grow at a CAGR of 6.8% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Market Definition: Global PEEK Market

Polyether ether ketone (PEEK) is a semi-crystalline thermoplastic, which is inert and a thermally stable polymer, it has specific properties such as high temperature resistance, hydrolysis resistance, self-lubrication, easy processing, and high mechanical strength. The latest trend in this market is high demand for PEEK in aerospace and automotive industries and demand for PEEK instead of conventional materials. There is growing demand of PEEK for applications such as electrical & electronics, aerospace, automotive, oil & gas, medical, others are the driving for the PEEK market in the forecasted years.

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Major Market Drivers:

- Increasing demand for PEEK in aerospace and automotive industries
- Replacement of conventional materials by PEEK
- Rapid growth in emerging economies coupled with improving economic conditions in developed economies

Market Restraint:

- High Price as compared to conventional materials
- Increasing competition from hybrid polymers and composites

Market Segmentation: Global PEEK Market

The PEEK market is segmented on the basis of type into unfilled, carbon filled and glass filled.

On the basis of application, the market is segmented into electrical & electronics, aerospace, automotive, oil & gas, medical and others.

On the basis of geography, the PEEK market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, Asia-Pacific is expected to dominate the market.

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Competitive Landscape: Global PEEK Market

The global PEEK market is consolidated due to the presence of a limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

Major Market Competitors: Global PEEK Market

Some of the major players in PEEK market include 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, Tri-Mack Plastics Manufacturing Corp., A. Schulman AG and many more.

Research Methodology: Global PEEK Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.

The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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