Global Polyether Ether Ketone Market By Type, Application, and Region – Global Forecast 2021 – 2030

In a recently published report, Global Polyether Ether Ketone Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Polyether Ether Ketone Market products.

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It is also anticipated to grow on account of the growing demand for chemicals from the end users, backed by the increasing consumption of chemicals across different industries and the rising need for advanced chemicals. In India, the production of major chemicals and petrochemicals during the period 2020-2021 was close to 12000 thousand MT. Additionally, between the period 2015-16 and 2019-20, the production of the chemicals and petrochemicals in the nation grew at a CAGR of close to 6%.

Polyether Ether Ketone is a high-temperature engineering thermoplastic and is highly useful for applications that have thermal, chemical, and combustion properties critical to performance. It is also semicrystalline. It emits little smoke or toxic gas when exposed to flame. Polyether Ether Ketone is a tough, strong, and rigid material and has superior creep resistance. It can also resist radiation and with its resistance to hydrolysis can withstand boiling water.

End-user/Technology
The end users include the automotive, marine, nuclear, oil-well, electronics, medical and aerospace industries.

Market Dynamics
Market demand is expected to increase at a rate of 8.5%. There is an increasing need for high-performance plastics as a substitute to metals in automobiles due to the growing need for high efficiency and low weight materials. This drives the market demand. The stringent environmental regulatory framework in U.S. and Europe has forced the automobile industry participants to use such alternatives which help in decreasing fuel consumption by enhancing overall fuel efficiency. Such regional trends positively impact global volumes. During 2016, the electrical and electronics industry accounted for the major part and dominated the Polyether Ether Ketone market.

Market Segmentation
Segmentation according to grades can be Polyether Ether Ketone – Unfilled, Polyether Ether Ketone – 30% Carbon-Fibre Reinforced, Polyether Ether Ketone – Bearing grade. According to the end users the segmentation includes electrical & electronics, aerospace, automotive, oil & gas, and medical.

Regional/Geographic Analysis
Europe was the leading regional market with Asia Pacific as the fastest growing region due to rapid industrialization and environmental concerns. Favorable growth is expected in Latin America due to increase in demand from countries like Brazil and Mexico increase. In the Middle East & Africa, Polyether Ether Ketone demand is increasing in the large oil and gas industries.

Opportunities
There is an increase in the demand for light weight high performance materials across various sectors, especially electrical & electronics, aerospace, automotive, oil & gas, and medical that are its end users. This leads to an increase in scope for Polyether Ether Ketone. Product innovations and technologies in the market are advancing and are expected to create strong investment opportunities.

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Key Players
The key players in the PEEK market include Victrex plc (U.K.), Solvay S.A. (Belgium), Evonik Industries AG (Germany), and Panjin Zhongrun High Performance Polymers Co. Ltd., (China), among others.
Report ContentsRegional AnalysisReport Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players

North America
US and Canada

Latin America
Mexico, Brazil, Argentina and Rest of Latin America

Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe

Eastern Europe
Russia
Poland
Rest of Eastern Europe

Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific

Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage

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