Polyether Ether Ketone (PEEK) Market Size, Share, Growth and Trend Analysis Report, 2019 to 2026
The global Polyether Ether Ketone market size was estimated at USD 684.8 million in 2018 and is expected to witness a CAGR of 7.2% from 2019 to 2026. Growing environmental concerns including huge carbon emissions have prompted the need for minimal fuel consumption.
(firmenpresse) - The global polyether ether ketone market size is anticipated to reach USD 1.18 billion by 2026. It is anticipated to expand at a CAGR of 7.2% over the forecast period. Increasing demand for high-performance plastics as a substitute to metals in automobiles on account of growing need for high efficiency and low weight materials is expected to drive the PEEK market.
Stringent environmental regulatory framework in developed markets of U.S. and Europe has forced the automobile industry participants to use alternatives which help decrease fuel consumption by enhancing overall fuel efficiency. Such regional trends are anticipated to positively impact global volumes over the forecast period.
Excellent performance features of PEEK including superior strength and heat resistance are expected to propel product preference in end-use industries such as food, medical, aerospace, semiconductors, and packaging.
Carbon filled was the major product segment and accounted for approximately 45.43% of total market share in terms of revenue in 2018. The product finds application in industrial, electric, and electronics applications. Carbon filled polyether ether ketone is anticipated to witness the highest CAGR from 2019 to 2026.
Further key findings from the report suggest:
& Plastic Mold Co. Inc.; Victrex Plc; Darter Plastics Inc.; J.K. Overseas; A. Schulman AG; Jida Evonik High-Performance Polymers (Changchun) Co. Ltd; and Stern Industries Inc.
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Datum: 14.11.2019 - 05:17 Uhr
Sprache: Deutsch
News-ID 1553909
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Date of sending: 14.11.2019
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