The worth of the global Polyether Ether Ketone ( PEEK ) Market is estimated to reach $831 million by 2018, according to a new report issued by MarketsandMarkets, a global market research and consulting company based in Dallas, Texas.
"Polyether Ether Ketone (PEEK) Market by Types (Unfilled, Carbon Filled, Glass Filled), Applications (Automotive, Aerospace, Medical, Electronics & Electrical, Industrial) & Geography - Global Trends & Forecasts to 2018 " defines and segments the global PEEK market with an analysis and forecasting of the global consumption volume.
The market volume is expected to grow at a CAGR of 8.2% from 2013 to 2018.
The global PEEK market is currently dominated by Europe and North America. The demand from the industrial, automotive, and aerospace segments has fuelled the growth in these regions. In the coming few years, demand from the emerging countries is likely to increase on the back of rising awareness about the benefits of PEEK in various applications.
Europe is the largest region, both in terms of volume and value. The U.S., China, Japan, Germany, France, Italy, and U.K. are likely to remain major markets for PEEK. The major players of PEEK include Victrex Plc. (U.K.), Solvay Specialty Polymers (U.S.), Panjin Zhongrun High Performance Polymers (China), and Jida Evonik High Performance Polymers (China).