Procurement
Expert Panel
Create New Account
Login
logo
Report store
Insights
Survey
Consulting
Book discovery call
logo

Global PEEK Market Outlook to 2025

By Type (Glass Filled, Unfilled and Carbon Filled), By Application (Oil & Gas, Electronics & Electrical, Aerospace & Defense, Automotive, Medical and Others) and By Region (Europe, Asia-Pacific, North America, South America and MEA)

Region:Asia

Author(s):Saloni Bhalotiya

Product Code:KR908

Download Sample Report
Published On

November 2019

Total pages

199

About the Report

The report titled “Global PEEK Market Outlook to 2025- By Type (Glass Filled, Unfilled and Carbon Filled), By Application (Oil & Gas, Electronics & Electrical, Aerospace & Defense, Automotive, Medical and Others) and By Region (Europe, Asia-Pacific, North America, South America and MEA)” provides in-depth analysis of the Global PEEK industry. The report covers various aspects including market overview and genesis, value chain analysis, market size by revenue and by sales volume, overall PEEK market segmentation by type, by application and by region. It also covers country snapshots for 12 countries (Germany, Italy, France, UK, US, Canada, China and Taiwan, Japan, South Korea, India, Brazil and Saudi Arabia) including the market segmentation by application in each country. It also provides comprehensive information on trends and developments, issues and challenges in the PEEK market along with the regulatory framework of the industry, SWOT and Porter’s Five Force Analysis. A detailed competitive landscape including competitive scenario, cross comparison matrix, strength and weakness for major players, market share on the basis of sales volume and production capacity for top five players and company profiles are also included in the report.  The report concludes with the future projections for the above mentioned market segments and analyst recommendations that involves key strategies for the existing players to ensure their profitability for the coming years and suggestions for potential entrants highlighting the major opportunities and cautions.
 
Global PEEK Market
 

Global PEEK Market Overview and Size

Technological developments and increase in environmental awareness have necessitated the application of PEEK in different industries including oil & gas, electronics & electrical, aerospace, automotive and medical. For a long time, the Global PEEK industry has observed sluggish growth in demand. But in the past couple of years, demand of PEEK is growing at a rapid pace as a result of which the global PEEK production capacity has increased. The industry is booming with expanding sales volume owing to fluctuating oil prices, increase in availability of cheaper PEEK grades and increase in environmental regulation related to CO2 emission.
 

Global PEEK Market Segmentation

By Type (Glass Filled, Unfilled and Carbon Filled): Glass filled grades of PEEK grabbed the highest share followed by unfilled and carbon filled grades in terms of both revenue and sales volume during the year 2018. Lower cost, better physical properties and increase in application in oil & gas and electronics & electrical industry are the key factors attributing to rapid growth in glass filled segment. With emerging applications of PEEK in medical, aerospace and food processing industry the unfilled segment is expected to grow at the fastest pace by 2025.
 
By Application (Oil & Gas, Electronics & Electrical, Aerospace & Defense, Automotive, Medical and others): Oil & Gas industry had a highest share followed by electronics & electrical, aerospace & defense, automotive, medical and others in terms of both revenue and sales volume during the year 2018.  Fluctuating oil prices, growth in semiconductor industry, increase in air traffic and increase in environmental awareness are few of the factors driving the growth in the top 3 segments. By 2025, automotive segment is expected to grow at fastest pace in terms of sales volume. Increase in demand of electric vehicles and vehicles with automated transmission system will drive the growth in the segment.
 
By Region (Europe, Asia-Pacific, North America, South America and MEA): Europe is the biggest market for PEEK followed by Asia-Pacific, North America, South America and MEA in terms of sales volume during the year 2018. In terms of revenue the market is lead by Europe followed by North America, Asia-Pacific, South America and MEA during the year 2018. Booming aerospace & defense and automotive industry drive the growth in PEEK market in Europe. The PEEK market in Asia-Pacific is driven by increase in demand from electronics and semiconductor industry in the region. Surge in demand of medical grade PEEK which is the most expensive grade has driven the growth in North America in terms of revenue.
 

Competitive Landscape in Global PEEK Market 

The market has been observed to be at the growth stage, with the competition been highly concentrated owing to the presence of only five major players including Victrex, Solvay, Evonik, Jilin Zhongyan High Performance Plastic and Panjin Zhongrun High Performance Polymer with a collective market share of around 97-98% in terms of sales volume in 2018. The competition between the companies is increasing over the years as the patents of the market leader Victrex have expired and the market is opening up for the other players. It was also observed that the companies are increasing their production capacity which is an indication of increasing competition.
 

Global PEEK Market Future Outlook and Projection

Global PEEK market is expected to expand significantly in terms of both sales volume and revenue by the year ending 2025. This is owing to multitude of factors namely increase in competition,  introduction of electric vehicles, increase in use of automated vehicles, development in 3D printing technology and  technological upgradation in different manufacturing processes. Growth in environmental awareness and adoption of regulation regarding CO2 emission will continue to be the major factor driving the growth in the industry.
 

Key Topics Covered in the Report

  • Market Overview and Genesis
  • Value Chain Analysis
  • Market Size, 2013 and 2018
  • Global PEEK Market Segmentations, 2013, 2018-2025F
  • Country Profiles
  • Global PEEK Market Trends and Recent Developments
  • Global PEEK Market Issues and Challenges
  • Government Regulations in Global PEEK Market
  • Porter’s Five Force Analysis of Global PEEK Market
  • SWOT Analysis of Global PEEK Market
  • Competitive Landscape in Global PEEK Market
  • Competitive Landscape in Global PEEK Compounding and Semi Finished Goods Market
  • Future Market Size, 2018-2025F
  • Analyst Recommendations

Products

Key Target Audience

  • PEEK Producers
  • PEEK Semi-Finished and Compound Producers
  • Producers of Other Engineering Material
 

Time Period Captured in the Report

  • Historical Period – 2013-2018
  • Forecast Period – 2019-2025

Companies

Key Segments Covered

By Type

  • Glass Filled
  • Unfilled
  • Carbon Filled

By Application

Oil & Gas

  • Compressor Components (Valve Plates and Valve Rings, Motor End Plates, and Piston Rings, Rider Bands, and Rod Packing)
  • Backup Seals and Backup Rings
  • Under the Sea Electrical Applications (Connector Pins, Wire Coatings, Housing and others)
  • Pipes Application (Pipe precursor, Pipe Laminate and Pipe Connectors)
  • HPLC Units (High Performance Liquid Chromatography Units includes Tubing and Fittings)
  • Others (Umbilical, Pump Housing, Wellhead Seals And Connectors, Wire Bundle Clamps, Gas Separation Gears, Impellers, Industrial
    Hoses, Jumpers, Magnet Wire, Tags, Sensors Slick Line Components, Slot Liners, Thrust Washers, Tubular and others)

Electronics & Electrical

  • Semiconductor Wafer Production and Testing Units (Wafer Carriers, Wafer Handler Arm, Wafer Polishing Rings, Testing Sockets and
  • Other Components)
  • Speakers Components (Spiders, Acoustic Diaphragms, Coils, and Front Suspensions)
  • Impellers in Vacuum Cleaner and Hairdryers
  • Compressor in Refrigerators and AC
  •  Acoustic Membrane and Electromechanical Components in Mobile Phones
  • Others (Printer components including  heat roller gears, guide claws and bushings, sensors, Three-dimensional circuit carriers in LED,
    xenon HID lights, Motor end caps, ECU housings, Bobbins and solenoids, Connectors, Circuit protection/relays, Actuator housings, Li-Ion battery systems, Fuse boxe and others)

Aerospace & Defense

  • Brackets, Clamps, Stand-offs & Fasteners
  • Interior Hardware (Floor supporting structure, Passenger Service Units including screen dragging unit, oxygen components, inside seat arm handle and others)
  • Thermal & Acoustic Aircraft Insulation Blankets Tubing
  • Others (Wire Harness and Connectors, Drink Dispensers, Doors and Windows, Coatings and others)

Automotive

  • Seals, Thrust Washers, Bushings And Bearing Cages
  • Braking System
  • Gears
  • PEEK Composites and Others (Under-The-Hood Piston Units, Housing, Enclosures, Air-Conditioning Systems and others)

Medical

  • Spinal Implant
  • Dental Implant
  • Others (Ortho And Trauma Application Including Knee Implants, Hip Implants, Shoulder Arthroscopy, Implant Screws, Bone Plates
    And Others, Instrument In Labels, Delivery Instruments such as Syringes, Handles On Dental Syringes, Sterile Boxes to Hold Root
    Canal Files, Endoscopes, Dialyzers and others)

Others (Food Processing, Consumer goods, Packaging, Building and construction and others)

By Region

  • Europe
  • North America
  • Asia-Pacific
  • South America
  • MEA
Countries Covered
  • Germany
  • France
  • Italy
  • UK
  • US
  • Canada
  • China and Taiwan
  • Japan
  • South Korea
  • India
  • Brazil
  • Saudi Arabia
Companies Covered in Global PEEK Market

PEEK Producers

  • Victrex
  • Solvay
  • Evonik
  • Jilin Zhongyan High Performance Plastic
  • Panjin Zhongrun High Performance Polymer

PEEK Compounds or Semi Finished Good Producers

  • Saudi Basic Industries Corporation (SABIC)
  • Ensinger
  • Mitsubishi Chemical Advanced Materials (MCAM)
  • Rochling Group
  • Celanese
  • LATI Thermoplastic Industries

Table of Contents

1. Executive Summary

2. Research Methodology

2.1. Market Definitions

2.2. Abbreviations

2.3. Market Sizing and Modeling

Consolidated Research Approach

Market Sizing Approach- Global PEEK Market

Sample Size Inclusion Table

Limitations

Final Conclusion

Variables (Dependent and Independent)

Multi Factor Based Sensitivity Model

Regression Matrix

3. Market Overview and Genesis

4. Value Chain Analysis (Inter-Entity Relationship and Ecosystem)

4.1. Polymerization Process

5. Market Size, 2013 and 2018

5.1. By Revenue and Sales Volume, 2013 and 2018

6. Global PEEK Market Segmentations, 2013, 2018-2025F

6.1. By Type (Glass Filled, Carbon Filled and Unfilled) on the Basis of Sales Volume and Revenue, 2013, 2018-2025F

6.2. By Application Industries (Oil and Gas, Electronics and Electrical, Aerospace and Defense, Automotive, Medical  and Others) on the Basis of Sales Volume and Revenue

6.2.1. By Oil and Gas Applications, on the Basis of Sales Volume and Revenue, 2013, 2018-2025F

Commercial PEEK Grades Available For Oil And Gas Industry

By Major PEEK Applications in Oil and Gas Industry (Compressor Components, Backup Seals and Backup Rings, Under the Sea Electrical Applications, Pipes Application, Hplc Units and Others), on the Basis of Sales Volume, 2018 and 2025F

Growth Drivers

6.2.2. By Electronics and Electrical Applications, on the Basis of Sales Volume and Revenue, 2013, 2018-2025F

Commercial PEEK Grades Available For Electronics Industry

By Major PEEK Application in Electronic and Electrical Industry (Semiconductor Wafer Production and Testing Units, Speakers Components, Impellers in Vacuum Cleaner and Hairdryers, Compressor in Refrigerators and AC, Acoustic membrane and Electromechanical Components in Mobile Phones and Others), on the Basis of Sales Volume, 2018 and 2025F

6.2.3. By Aerospace and Defense Applications on the Basis of Sales Volume and Revenue, 2013, 2018-2025F

PEEK in Aerospace and Defense

By Major PEEK Applications in Aerospace and Defense (Brackets, Clamps, Stand-offs & Fasteners, Interior Hardware, Thermal & Acoustic Aircraft Insulation Blankets, Tubing and Others), on the Basis of Sales Volume, 2018 and 2025F

Growth Drivers

6.2.4. By Automotive Industry Applications, on the Basis of Sales Volume and Revenue, 2013, 2018-2025F

PEEK in Automotive Industry

By Major PEEK Applications in Automotive Industry (Seals, Thrust Washers, Bushings And Bearing Cages, Braking System, Gears, PEEK Composites and Others), on the Basis of Sales Volume, 2018 and 2025F

Gowth Drivers

6.2.5. By Medical Industry Applications, on the Basis of Sales Volume and Revenue, 2013, 2018-2025F

Commercial PEEK Grades Available for Medical Industry

By Major PEEK Applications in Medical Industry (Spinal Implant, Dental Implant and Others), on the Basis of Sales Volume, 2018 and 2025F

Growth Drivers

6.2.6. Food Processing and Others

6.3. By Region (Europe, Asia-Pacific, North America, South America and MEA) on the Basis of Revenue and Sales Volume, 2013, 2018-2025F

7. Country Profiles

7.1. North America

7.1.1. United States

US PEEK Market Segmentation by Application, on the Bais of Sales Volume, 2018 and 2025F

7.1.2. Canada

Canada PEEK Market Segmentation by Application on the Basis of Sales Volume, 2018 and 2025F

7.2. Europe

7.2.1. Germany

Germany PEEK Market Segmentation by Application on the Basis of Sales Volume, 2018 and 2025F

7.2.2. France

France PEEK Market Segmentation by Application on the Basis of Sales Volume, 2018 and 2025F

7.2.3. Italy

Italy PEEK Market Segmentation by Application on the Basis of Sales Volume, 2018 and 2025F

7.2.4. United Kingdom

UK PEEK Market Segmentation by Application on the Basis of Sales Volume, 2018 and 2025F

7.3. Asia-Pacific

7.3.1. China and Taiwan

China and Taiwan PEEK Market Segmentation by Application on the Basis of Sales Volume, 2018 and 2025F

7.3.2. South Korea

South Korea PEEK Market Segmentation by Application on the Basis of Sales Volume, 2018 and 2025F

7.3.3. Japan

Japan PEEK Market Segmentation by Application on the Basis of Sales Volume, 2018 and 2025F

7.3.4. India

India PEEK Market Segmentation by Application on the Basis of Sales Volume, 2018 and 2025F

7.4. South America

7.4.1. Brazil

Brazil PEEK Market Segmentation by Application on the Basis of Sales Volume, 2018 and 2025F

7.5. Middle East and Africa

7.5.1. Saudi Arabia

Saudi Arabia PEEK Market Segmentation by Application on the Basis of Sales Volume, 2018 and 2025F

8. Global PEEK Market Trends And Recent Developments

Peek emerging as a Substitute to Metal

Application of PEEK in Bio-Material

3D Printing or Additive Manufacturing

Increasing Global PEEK Production Capacity

9. Global PEEK Market Issues and Challenges

Precaution in Processing

High Price of PEEK Compared to Conventional Materials

Increasing Competition From Hybrid Polymers And Composites

Market Entry Barriers

10. Government Regulations in Global PEEK Market

10.1. ISO 10993 For Medical Device Certification

European Union

United States

Japan

China

10.2. ISO 13485 For Medical Device Quality Standards

10.3. FDA Regulation for Repeated Food Contact

11. Porter’s Five Force Analysis of Global PEEK Market

12. SWOT Analysis of Global PEEK Market

13. Competitive Landscape in Global PEEK Market

13.1. Competition Scenario Competition Stage (Nature of the Market, Competition Scenario and Business Sustainability), Company Position and Competition Parameters (Product Portfolio, Price per kg, Firm’s Reputation and Geographical Presence)

13.2. Cross Comparison (Victrex, Solvay and Evonik)

13.3. Strength and Weakness of Major Players (Victrex, Solvay, Evonik and Jilin Zhongyan High Performance Plastic)

13.4. Market Share of Major Players (Victrex, Solvay, Evonik, Jilin Zhongyan High Performance Plastic, Panjin Zhongrun High Performance Polymer and Others)

13.4.1. By Sales Volume, 2018

13.4.2. By Production Capacity, 2018

13.5. Company Profiles

13.5.1. Victrex

13.5.2. Solvay

13.5.3. Evonik

13.5.4. Jilin Zhongyan High Performance Plastic

13.5.5. Panjin Zhongrun High Performance Polymer

14. Competitive Landscape in Global PEEK Compounding and Semi Finished Goods Market

14.1. Competition Scenario (Market Stage, Major Players, Regional Presence, Manufacturing Technology and End Users)

14.2. Company Profiles (SABIC, Ensinger, Mitsubishi Chemical Advanced Materials, Rochling Group, Celanese and LATI)

15. Future Market Size, 2018-2025F

15.1. By Revenue and Sales Volume, 2018-2025F

16. Analyst Recommendations

16.1. For Existing Players

16.2. For Potential Producers

Why Buy From Us?

RRR
Refine Robust Result (RRR) Framework

What makes us stand out is that our consultants follows Robust, Refine and Result (RRR) methodology. i.e. Robust for clear definitions, approaches and sanity checking, Refine for differentiating respondents facts and opinions and Result for presenting data with story

reach
Our Reach Is Unmatched

We have set a benchmark in the industry by offering our clients with syndicated and customized market research reports featuring coverage of entire market as well as meticulous research and analyst insights.

Research
Shifting the Research Paradigm

While we don't replace traditional research, we flip the method upside down. Our dual approach of Top Bottom & Bottom Top ensures quality deliverable by not just verifying company fundamentals but also looking at the sector and macroeconomic factors.

Insite
More Insights-Better Decisions

With one step in the future, our research team constantly tries to show you the bigger picture. We help with some of the tough questions you may encounter along the way: How is the industry positioned? Best marketing channel? KPI's of competitors? By aligning every element, we help maximize success.

Trust
Transparency and Trust

Our report gives you instant access to the answers and sources that other companies might choose to hide. We elaborate each steps of research methodology we have used and showcase you the sample size to earn your trust.

support
Round the Clock Support

If you need any support, we are here! We pride ourselves on universe strength, data quality, and quick, friendly, and professional service.

Why Client Choose Us?

400000+ Reports in repository
150+ Consulting project a year
100+ Analysts
8000+ Client Queries in 2022