With CAGR of 6.8%, Polyetheretherketone (PEEK) Market is set to Witness Huge Demand by 2029
Global Polyetheretherketone (PEEK) Market was valued at USD 0.75 billion in 2021 and is expected to reach USD 1.27 billion by 2029, registering a CAGR of 6.8% during the forecast period of 2022-2029.
Industry Analysis
Over the last few years, there has been immense growth in the chemical industry. Additionally, polyetheretherketone is gaining popularity in the medical field. MRI compatibility, sterilization resistance and lack of toxicity are among other major characteristics that make polyether ether ketone (PEEK) suitable for various medical applications. Consequently, these factors have significantly contributed to the market, which further increases the overall growth for the market.
The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Polyether ether ketone (PEEK) is a semi-crystalline thermoplastic composed of two ether and a ketone group of repeated monomers. Polyether ether ketone (PEEK) is a member of the polyaryletherketone (PAEK) family that is produced through step growth polymerization of bisphenolate salts. PEEK (polyetheretheretherketone) is commonly used in high-temperature applications that require a combination of excellent thermal, chemical, and combustion properties.
Global Polyetheretherketone (PEEK) Market Scope
The polyetheretherketone (PEEK) market is segmented on the basis of type and end use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
• Glass Filled
• Carbon Filled
• Unfilled
• Others
End Use Industry
• Electrical and Electronics
• Aerospace
• Automotive
• Oil an
Global Polyetheretherketone (PEEK) Market was valued at USD 0.75 billion in 2021 and is expected to reach USD 1.27 billion by 2029, registering a CAGR of 6.8% during the forecast period of 2022-2029.
Industry Analysis
Over the last few years, there has been immense growth in the chemical industry. Additionally, polyetheretherketone is gaining popularity in the medical field. MRI compatibility, sterilization resistance and lack of toxicity are among other major characteristics that make polyether ether ketone (PEEK) suitable for various medical applications. Consequently, these factors have significantly contributed to the market, which further increases the overall growth for the market.
The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Polyether ether ketone (PEEK) is a semi-crystalline thermoplastic composed of two ether and a ketone group of repeated monomers. Polyether ether ketone (PEEK) is a member of the polyaryletherketone (PAEK) family that is produced through step growth polymerization of bisphenolate salts. PEEK (polyetheretheretherketone) is commonly used in high-temperature applications that require a combination of excellent thermal, chemical, and combustion properties.
Global Polyetheretherketone (PEEK) Market Scope
The polyetheretherketone (PEEK) market is segmented on the basis of type and end use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
• Glass Filled
• Carbon Filled
• Unfilled
• Others
End Use Industry
• Electrical and Electronics
• Aerospace
• Automotive
• Oil an
05:16 AM - Feb 08, 2024 (UTC)
