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PAEK Market Report
PAEK Market Size, Share, Trend, Forecast, & Industry Analysis – 2023-2028
The PAEK market is estimated to grow from USD 1015.66 million in 2022 to USD 1462.6 million by 2028 at a CAGR of 6.18% during the forecast period.The growth drivers bolstering the demand for PAEK are mainly the increasing usage of PAEK in oil and gas, electrical and electronics, aerospace, medical, and automotive applications, which in turn, is propelling the growth of the market.
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PAEK Market - Snapshots |
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Growth |
6.18% for the next five years |
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Major Type |
PEEK |
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Dominant Application Type |
Oil & Gas |
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Region with the highest demand |
Asia-Pacific |
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Key Players |
Victrex PLC, Solvay, Evonik Industries AG, Arkema SA, Celanese Corporation, Gharda Chemicals Limited, SABIC, Mitsubishi Chemical Advanced Materials, Akro-Plastic GmbH, RTP Company, and Panjin Zhongrun High-Performance Polymers Co. Ltd. |
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The market is segmented as PEK, PEEK, and PEKK. The PEEK segment held the largest share of the market in 2022 and is expected to remain dominant during the forecast period. The wide use of PEEK in oil and gas, electrical and electronics, medical, automotive, and aerospace applications is propelling the growth of the segment during the forecast period.
The PAEK market is segmented as oil & gas, electrical & electronics, automotive, medical, aerospace, and others. The oil & gas industry segment dominates the market, as PAEK has exceptional properties such as superior creep resistance, wear, and chemical resistance under high pressure and high-temperature conditions. Owing to this property, it increases the consistency of the oilfield equipment and thus, extends the life of the equipment in the challenging oilfield environment.
Europe is estimated to be the largest market during the forecast period. The growth of the market is driven by the increasing usage of PAEK in the automotive industry to manufacture various interior, exterior, and under-the-hood components for automobiles. North America is also expected to offer substantial growth opportunities during the forecast period. The high demand for advanced medical devices is also expected to lead to an increase in the market for PEEK in this region.
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PAEK stands for polyaryletherketone. It is a family of high-performance polyketones fabricated to fill cost and performance gaps between PEEK and other high-performance polymers.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
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PAEK Market Research Report - Features |
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Market Segmentation |
4 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The PAEK market is segmented into the following categories.
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Some of the major PAEK manufacturers are-
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
The PAEK market is expected to witness an impressive growth of 6.18% CAGR in the foreseeable future.
Victrex PLC, Solvay, Evonik Industries AG, Arkema SA, Celanese Corporation, Gharda Chemicals Limited, SABIC, Mitsubishi Chemical Advanced Materials, Akro-Plastic GmbH, RTP Company, and Panjin Zhongrun High-Performance Polymers Co. Ltd are among the key players in the PAEK market.
Europe is expected to be the largest PAEK market during the next five years.
The major factor driving the growth of PAEK market is increasing usage of PAEK in oil and gas, electrical and electronics, aerospace, medical and automotive applications.
The PEEK segment is expected to remain dominant in the PAEK market in the coming years.
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