Africa Polyether Ether Ketone (PEEK) Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The Africa Polyether Ether Ketone (PEEK) Market is segmented by End User Industry (Aerospace, Automotive, Electrical and Electronics, Industrial and Machinery) and by Country (Nigeria, South Africa). Market Value in USD and Volume in tons are both presented. Key Data Points observed include volume of automobile production, new construction floor area, plastic packaging production volume, plastic resin production, imports and exports, and price of plastic resins.

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Africa Polyether Ether Ketone (PEEK) Market Size

Africa Polyether Ether Ketone (PEEK) Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 3.97 Million
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 6.36 Million
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by End User Industry Automotive
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 9.90 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country South Africa

Major Players
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*Disclaimer: Major Players sorted in alphabetical order.

Key Players

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Africa Polyether Ether Ketone (PEEK) Market Analysis

The Africa Polyether Ether Ketone (PEEK) Market size is estimated at 3.97 million USD in 2024, and is expected to reach 6.36 million USD by 2029, growing at a CAGR of 9.90% during the forecast period (2024-2029).

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3.97 Million

Market Size in 2024 (USD)

6.36 Million

Market Size in 2029 (USD)

9.98 %

CAGR (2017-2023)

9.90 %

CAGR (2024-2029)

Largest Market by End-user Industry

33.95 %

value share, Automotive, 2023

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Owing to the high demand for lightweight and high-impact resistance PEEK-based materials replacing traditional metal parts, the automotive industry occupied the largest market share.

Fastest Growing Market by End-user Industry

13.97 %

Projected CAGR, Electrical and Electronics, 2024-2029

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The growth of this segment is attributed to the rising demand for use in high-end applications, such as smart devices and electronic insulators used in harsh environmental conditions.

Largest Market by Country

47.78 %

value share, South Africa, 2023

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Due to the increasing demand for PEEK-based materials in a few industries, including automotive and medical in recent years, South Africa occupied the highest market share.

Fastest Growing Market by Country

8.31 %

Projected CAGR, Nigeria, 2024-2029

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Owing to the shifting demand toward high-performance medical devices, Nigeria is likely to register faster growth across the region over the forecast period.

Leading Market Player

82.84 %

market share, Victrex, 2022

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With the continuous development of PEEK-based products and increasing sales in the market, Victrex occupied the largest share in the region.

Government initiatives driving the electrical and electronics industry's market demand

  • PEEK material is prevalent in many industries due to its lightweight nature and high quality in terms of strength, low fatigue, and low flammability. Because of its low flammability, it can withstand combustion up to nearly 600 °C. In 2022, Africa’s PEEK resin consumption increased by 18.50% in terms of value compared to 2021.
  • PEEK resin is commonly used in the other-end user industries segments in Africa. The region produces consumer goods, such as kitchen and household utensils and furniture, using PEEK resin. The rising demand for consumer goods and medical equipment, among others, is expected to drive the demand for PEEK resins in the future. Consumption of medical facilities and equipment has increased with governments of different African countries investing in healthcare infrastructure. The African healthcare market is estimated to be worth USD 259 billion by 2030. Such factors are projected to drive the demand for PEEK resin across the region in the future.
  • Automotive is the second-largest end-user industry for PEEK resin in the region. The rising vehicle production in the region is expected to drive the demand for PEEK resin in the coming years. Vehicle production is projected to reach 1.74 million units by 2029 from 1.23 million units in 2023.
  • The electrical and electronics segment is the fastest-growing end-user industry for PEEK resin in the region, which is projected to register a CAGR of 10.66% in terms of value during the forecast period (2023-2029). Consumer electronics demand is expected to rise during the forecast period as a result of technological advancements. The value of the consumer electronics industry in Africa is projected to reach USD 19.90 billion by 2027 from USD 11.78 billion in 2023. This growth in the electrical and electronics industry in the region is projected to drive the demand for PEEK resin in the future.
Africa Polyether Ether Ketone (PEEK) Market

South Africa to dominate the market during the forecast period

  • Africa accounted for nearly 0.5% of the global PEEK consumption in 2022. PEEK resins exhibit versatile properties, which find applications in various industries, such as automotive, packaging, electrical and electronics, and other industries.
  • South Africa is the largest consumer of PEEK resin in the region due to its rising aerospace, automotive, and electrical and electronics industries. The aircraft components production in the country reached a value of USD 574.9 million in 2022 from USD 559.8 million in 2021. The rising aircraft components production is projected to drive the demand for PEEK resin in the country in the coming years.
  • The Rest of Africa is the fastest-growing region for PEEK resins, which is anticipated to witness a CAGR of 11.75% in terms of value during the forecast period (2023-2029). The Rest of Africa's demand for PEEK resin is increasing significantly due to rising vehicle production and growing electrical and electronics industries. The rapid pace of electronic technological innovation drives consistent demand for newer and faster electrical and electronic products. The surge in demand for technologically advanced consumer electronics and appliances (such as smartphones, laptops, computers, cameras, and televisions) is expected to boost consumer electronics demand during the forecast period.
  • The consumer electronics segment in Nigeria is projected to reach a value of around USD 2.62 billion by 2027 from USD 2.08 billion in 2023. The growth in the electrical and electronics market in the country is projected to drive the demand for PEEK resin in the future.

Africa Polyether Ether Ketone (PEEK) Market Trends

Manufacturing on the rise to tackle the rapidly growing demand

  • South Africa is the leading manufacturing hub in Africa. Its manufacturing capabilities, efficient logistics network, and preferential regional market access position the country as an ideal location for electronics companies seeking to supply their products to Africa. South Africa has a diverse electronics industry that ranges from electrical machinery, household appliances, and telecommunication equipment to consumer electronics. In 2022, the African region imported around 70% of its local electrical and electronics demand.
  • The consumer electronics industry still relies heavily on imports. According to estimates, South Africa brought 60% of all consumer electronics into Africa in 2018. In 2020, the electrical and electronic production in the country decreased at a growth rate of around 3.2%, by revenue, compared to the previous year, owing to the widespread lockdown adopted by the government and the supply chain disruption faced due to the lockdown. In the feature phone space, shipments were down by 26.6% to 21.9 million units as vendors were transitioning away from these devices toward entry-level smartphones. All such factors led to a decrease in the production of electrical and electronic components in the region at a CAGR of -9.41% from 2020 to 2022.
  • The government is focused on promoting and supporting domestic manufacturing, R&D, and developing safety standards for the electrical and electronics manufacturing industry. The output of electrical and electronic industrial components is anticipated to record a CAGR of 6.28% during the forecast period (2023-2029) to supply the emerging African middle-class population.
Africa Polyether Ether Ketone (PEEK) Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Rising demand for commercial and military aircraft to drive component production
  • Developing economies and government policies boosting construction infrastructure
  • Cheap labor and raw materials are drawing foreign investments
  • Packaged food and beverages leading the demand for plastic packaging solutions

Africa Polyether Ether Ketone (PEEK) Industry Overview

The Africa Polyether Ether Ketone (PEEK) Market is fairly consolidated, with the top three companies occupying 74.33%. The major players in this market are Jilin Joinature Polymer Co., Ltd., Pan Jin Zhongrun High Performance Polymer Co.,Ltd, Victrex (sorted alphabetically).

Africa Polyether Ether Ketone (PEEK) Market Leaders

  1. Jilin Joinature Polymer Co., Ltd.

  2. Pan Jin Zhongrun High Performance Polymer Co.,Ltd

  3. Victrex

Africa Polyether Ether Ketone (PEEK) Market Concentration

*Disclaimer: Major Players sorted in alphabetical order.

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Africa Polyether Ether Ketone (PEEK) Market News

  • March 2023: Victrex PLC introduced a new type of implantable PEEK-OPTIMA polymer that is specifically designed for use in the manufacturing processes of medical device additives, such as fused deposition modeling (FDM) and fused filament fabrication (FFF).

Free with this Report

We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 15+ free charts, the section covers rare data on various end-user production trends including passenger vehicle production, commercial vehicle production, motorcycle production, aerospace components production, electrical and electronics production, and regional data for engineering plastics demand etc.

Africa Polyether Ether Ketone (PEEK) Market
Africa Polyether Ether Ketone (PEEK) Market
Africa Polyether Ether Ketone (PEEK) Market
Africa Polyether Ether Ketone (PEEK) Market

Africa Polyether Ether Ketone (PEEK) Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. REPORT OFFERS

  3. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  4. 2. KEY INDUSTRY TRENDS

    1. 2.1. End User Trends

      1. 2.1.1. Aerospace

      2. 2.1.2. Automotive

      3. 2.1.3. Building and Construction

      4. 2.1.4. Electrical and Electronics

      5. 2.1.5. Packaging

    2. 2.2. Regulatory Framework

      1. 2.2.1. Nigeria

      2. 2.2.2. South Africa

    3. 2.3. Value Chain & Distribution Channel Analysis

  5. 3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 3.1. End User Industry

      1. 3.1.1. Aerospace

      2. 3.1.2. Automotive

      3. 3.1.3. Electrical and Electronics

      4. 3.1.4. Industrial and Machinery

      5. 3.1.5. Other End-user Industries

    2. 3.2. Country

      1. 3.2.1. Nigeria

      2. 3.2.2. South Africa

      3. 3.2.3. Rest of Africa

  6. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).

      1. 4.4.1. Jilin Joinature Polymer Co., Ltd.

      2. 4.4.2. Pan Jin Zhongrun High Performance Polymer Co.,Ltd

      3. 4.4.3. Victrex

  7. 5. KEY STRATEGIC QUESTIONS FOR ENGINEERING PLASTICS CEOS

  8. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework (Industry Attractiveness Analysis)

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. PRODUCTION REVENUE OF AEROSPACE COMPONENTS, USD, AFRICA, 2017 - 2029
  1. Figure 2:  
  2. PRODUCTION VOLUME OF AUTOMOBILES, UNITS, AFRICA, 2017 - 2029
  1. Figure 3:  
  2. FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, AFRICA, 2017 - 2029
  1. Figure 4:  
  2. PRODUCTION REVENUE OF ELECTRICAL AND ELECTRONICS, USD, AFRICA, 2017 - 2029
  1. Figure 5:  
  2. PRODUCTION VOLUME OF PLASTIC PACKAGING, TONS, AFRICA, 2017 - 2029
  1. Figure 6:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, AFRICA, 2017 - 2029
  1. Figure 7:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, AFRICA, 2017 - 2029
  1. Figure 8:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, TONS, AFRICA, 2017 - 2029
  1. Figure 9:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, USD, AFRICA, 2017 - 2029
  1. Figure 10:  
  2. VOLUME SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, AFRICA, 2017, 2023, AND 2029
  1. Figure 11:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, AFRICA, 2017, 2023, AND 2029
  1. Figure 12:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN AEROSPACE INDUSTRY, TONS, AFRICA, 2017 - 2029
  1. Figure 13:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN AEROSPACE INDUSTRY, USD, AFRICA, 2017 - 2029
  1. Figure 14:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN AEROSPACE INDUSTRY BY COUNTRY, %, AFRICA, 2022 VS 2029
  1. Figure 15:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN AUTOMOTIVE INDUSTRY, TONS, AFRICA, 2017 - 2029
  1. Figure 16:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN AUTOMOTIVE INDUSTRY, USD, AFRICA, 2017 - 2029
  1. Figure 17:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN AUTOMOTIVE INDUSTRY BY COUNTRY, %, AFRICA, 2022 VS 2029
  1. Figure 18:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, TONS, AFRICA, 2017 - 2029
  1. Figure 19:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, USD, AFRICA, 2017 - 2029
  1. Figure 20:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY BY COUNTRY, %, AFRICA, 2022 VS 2029
  1. Figure 21:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, TONS, AFRICA, 2017 - 2029
  1. Figure 22:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, USD, AFRICA, 2017 - 2029
  1. Figure 23:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY BY COUNTRY, %, AFRICA, 2022 VS 2029
  1. Figure 24:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, TONS, AFRICA, 2017 - 2029
  1. Figure 25:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, AFRICA, 2017 - 2029
  1. Figure 26:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY COUNTRY, %, AFRICA, 2022 VS 2029
  1. Figure 27:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, TONS, AFRICA, 2017 - 2029
  1. Figure 28:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, USD, AFRICA, 2017 - 2029
  1. Figure 29:  
  2. VOLUME SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, %, AFRICA, 2017, 2023, AND 2029
  1. Figure 30:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, %, AFRICA, 2017, 2023, AND 2029
  1. Figure 31:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, NIGERIA, 2017 - 2029
  1. Figure 32:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, NIGERIA, 2017 - 2029
  1. Figure 33:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, NIGERIA, 2022 VS 2029
  1. Figure 34:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, SOUTH AFRICA, 2017 - 2029
  1. Figure 35:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, SOUTH AFRICA, 2017 - 2029
  1. Figure 36:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, SOUTH AFRICA, 2022 VS 2029
  1. Figure 37:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, REST OF AFRICA, 2017 - 2029
  1. Figure 38:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, REST OF AFRICA, 2017 - 2029
  1. Figure 39:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, REST OF AFRICA, 2022 VS 2029
  1. Figure 40:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, AFRICA, 2019 - 2021
  1. Figure 41:  
  2. MOST ADOPTED STRATEGIES, COUNT, AFRICA, 2019 - 2021
  1. Figure 42:  
  2. REVENUE SHARE OF POLYETHER ETHER KETONE (PEEK) BY MAJOR PLAYERS, %, AFRICA, 2022

Africa Polyether Ether Ketone (PEEK) Industry Segmentation

Aerospace, Automotive, Electrical and Electronics, Industrial and Machinery are covered as segments by End User Industry. Nigeria, South Africa are covered as segments by Country.

  • PEEK material is prevalent in many industries due to its lightweight nature and high quality in terms of strength, low fatigue, and low flammability. Because of its low flammability, it can withstand combustion up to nearly 600 °C. In 2022, Africa’s PEEK resin consumption increased by 18.50% in terms of value compared to 2021.
  • PEEK resin is commonly used in the other-end user industries segments in Africa. The region produces consumer goods, such as kitchen and household utensils and furniture, using PEEK resin. The rising demand for consumer goods and medical equipment, among others, is expected to drive the demand for PEEK resins in the future. Consumption of medical facilities and equipment has increased with governments of different African countries investing in healthcare infrastructure. The African healthcare market is estimated to be worth USD 259 billion by 2030. Such factors are projected to drive the demand for PEEK resin across the region in the future.
  • Automotive is the second-largest end-user industry for PEEK resin in the region. The rising vehicle production in the region is expected to drive the demand for PEEK resin in the coming years. Vehicle production is projected to reach 1.74 million units by 2029 from 1.23 million units in 2023.
  • The electrical and electronics segment is the fastest-growing end-user industry for PEEK resin in the region, which is projected to register a CAGR of 10.66% in terms of value during the forecast period (2023-2029). Consumer electronics demand is expected to rise during the forecast period as a result of technological advancements. The value of the consumer electronics industry in Africa is projected to reach USD 19.90 billion by 2027 from USD 11.78 billion in 2023. This growth in the electrical and electronics industry in the region is projected to drive the demand for PEEK resin in the future.
End User Industry
Aerospace
Automotive
Electrical and Electronics
Industrial and Machinery
Other End-user Industries
Country
Nigeria
South Africa
Rest of Africa
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Market Definition

  • End-user Industry - Automotive, Aerospace, Industrial Machinery, Electrical & Electronics, and Others are the end-user industries considered under the polyether ether ketone market.
  • Resin - Under the scope of the study, virgin polyether ether ketone resin in primary forms such as powder, pellet, etc. are considered.
Keyword Definition
Acetal This is a rigid material that has a slippery surface. It can easily withstand wear and tear in abusive work environments. This polymer is used for building applications such as gears, bearings, valve components, etc.
Acrylic This synthetic resin is a derivative of acrylic acid. It forms a smooth surface and is mainly used for various indoor applications. The material can also be used for outdoor applications with a special formulation.
Cast film A cast film is made by depositing a layer of plastic onto a surface then solidifying and removing the film from that surface. The plastic layer can be in molten form, in a solution, or in dispersion.
Colorants & Pigments Colorants & Pigments are additives used to change the color of the plastic. They can be a powder or a resin/color premix.
Composite material A composite material is a material that is produced from two or more constituent materials. These constituent materials have dissimilar chemical or physical properties and are merged to create a material with properties unlike the individual elements.
Degree of Polymerization (DP) The number of monomeric units in a macromolecule, polymer, or oligomer molecule is referred to as the degree of polymerization or DP. Plastics with useful physical properties often have DPs in the thousands.
Dispersion To create a suspension or solution of material in another substance, fine, agglomerated solid particles of one substance are dispersed in a liquid or another substance to form a dispersion.
Fiberglass Fiberglass-reinforced plastic is a material made up of glass fibers embedded in a resin matrix. These materials have high tensile and impact strength. Handrails and platforms are two examples of lightweight structural applications that use standard fiberglass.
Fiber-reinforced polymer (FRP) Fiber-reinforced polymer is a composite material made of a polymer matrix reinforced with fibers. The fibers are usually glass, carbon, aramid, or basalt.
Flake This is a dry, peeled-off piece, usually with an uneven surface, and is the base of cellulosic plastics.
Fluoropolymers This is a fluorocarbon-based polymer with multiple carbon-fluorine bonds. It is characterized by high resistance to solvents, acids, and bases. These materials are tough yet easy to machine. Some of the popular fluoropolymers are PTFE, ETFE, PVDF, PVF, etc.
Kevlar Kevlar is the commonly referred name for aramid fiber, which was initially a Dupont brand for aramid fiber. Any group of lightweight, heat-resistant, solid, synthetic, aromatic polyamide materials that are fashioned into fibers, filaments, or sheets is called aramid fiber. They are classified into Para-aramid and Meta-aramid.
Laminate A structure or surface composed of sequential layers of material bonded under pressure and heat to build up to the desired shape and width.
Nylon They are synthetic fiber-forming polyamides formed into yarns and monofilaments. These fibers possess excellent tensile strength, durability, and elasticity. They have high melting points and can resist chemicals and various liquids.
PET preform A preform is an intermediate product that is subsequently blown into a polyethylene terephthalate (PET) bottle or a container.
Plastic compounding Compounding consists of preparing plastic formulations by mixing and/or blending polymers and additives in a molten state to achieve the desired characteristics. These blends are automatically dosed with fixed setpoints usually through feeders/hoppers.
Plastic pellets Plastic pellets, also known as pre-production pellets or nurdles, are the building blocks for nearly every product made of plastic.
Polymerization It is a chemical reaction of several monomer molecules to form polymer chains that form stable covalent bonds.
Styrene Copolymers A copolymer is a polymer derived from more than one species of monomer, and a styrene copolymer is a chain of polymers consisting of styrene and acrylate.
Thermoplastics Thermoplastics are defined as polymers that become soft material when it is heated and becomes hard when it is cooled. Thermoplastics have wide-ranging properties and can be remolded and recycled without affecting their physical properties.
Virgin Plastic It is a basic form of plastic that has never been used, processed, or developed. It may be considered more valuable than recycled or already used materials.
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Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
  • Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
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Africa Polyether Ether Ketone (PEEK) Market Research FAQs

The Africa Polyether Ether Ketone (PEEK) Market size is expected to reach USD 3.97 million in 2024 and grow at a CAGR of 9.90% to reach USD 6.36 million by 2029.

In 2024, the Africa Polyether Ether Ketone (PEEK) Market size is expected to reach USD 3.97 million.

Jilin Joinature Polymer Co., Ltd., Pan Jin Zhongrun High Performance Polymer Co.,Ltd and Victrex are the major companies operating in the Africa Polyether Ether Ketone (PEEK) Market.

In the Africa Polyether Ether Ketone (PEEK) Market, the Automotive segment accounts for the largest share by end user industry.

In 2024, South Africa accounts for the largest share by country in the Africa Polyether Ether Ketone (PEEK) Market.

In 2023, the Africa Polyether Ether Ketone (PEEK) Market size was estimated at 3.97 million. The report covers the Africa Polyether Ether Ketone (PEEK) Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Africa Polyether Ether Ketone (PEEK) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Africa Polyether Ether Ketone (PEEK) Industry Report

Statistics for the 2023 Africa Polyether Ether Ketone (PEEK) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Africa Polyether Ether Ketone (PEEK) analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Africa Polyether Ether Ketone (PEEK) Market Report Snapshots

Africa Polyether Ether Ketone (PEEK) Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029