Global Polyether Ether Ketone Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
"Global Polyether Ether Ketone Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global polyether ether ketone market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global polyether ether ketone market report has been segmented on the type, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and on their economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Polyether ether ketone is a semi-crystalline thermoplastic that offers various advantages which includes high strength and toughness, high thermal and chemical stability, and ease of processing. In addition, it is also highly resistant to organic and aqueous environment as well as to thermal degradation.
Various benefits offered by polyether ether ketone which includes low permeability, low moisture absorption, excellent electrical properties as well as excellent strength are major factors driving growth of the global polyether ether ketone market over the forecast period. In addition, rising demand for polyether ether ketone in aerospace and automotive industries is another factor expected to propel growth of the target market over the forecast period. In addition, replacement of metals and other conventional materials by polyether ether ketone is some among the other factors expected to support growth of the global polyether ether ketone market over the forecast period.
In addition, increasing focus of domestic as well as international players on development of innovative products, having wide range of applications are another factors expected to support growth of the target market over the forecast period.
However, high price of polyether ether ketone is expected to hamper growth of the global polyether ether ketone market over the forecast period.
Market in Europe accounted for significant revenue share of the global polyether ether ketone market in terms of revenue contribution as compared to that of markets in other regions, in 2017. North America accounts for second-highest revenue share contribution to the global market, registering a share of XX.X%, followed by markets in the Asia Pacific, Latin America, and the Middle East & Africa respectively.
In addition, the market in the Asia Pacific is projected to register comparatively faster growth in terms of revenue over the next 10 years. Increasing demand for polyether ether ketone in various end-use industries, as it reduces overall weight of the product, coupled with rapidly growing automotive and aerospace industries are major factors driving growth of the target market in the region over the forecast period. In addition, increasing electrical & electronic components manufacturing in the region coupled with increasing presence of domestic and international players in the market are another factors expected to drive growth of the market in the region over the forecast period. The markets in Latin America and Middle East & Africa are expected to register moderate growth rate in the global polyether ether ketone market over the forecast period.
Segmentation on the basis of type:
- Glass Filled
- Carbon Filled
Segmentation on the basis of application:
- Electrical & Electronics
- Oil & Gas
Global polyether ether ketone market segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Victrex PLC
- Solvay S.A.
- Evonik Industries AG
- Saudi Basic Industries Corporation (SABIC)
- Celanese Corporation
- Zyex Ltd.
- Quadrant Epp Surlon India Ltd.
- Darter Plastics, Inc.
- Jrlon Inc.
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