North America Polyether Ether Ketone (peek) Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

North America Polyether Ether Ketone (peek) Market Trends

Strong growth of technological innovations to augment the overall growth of the industry

• Electrical and electronics production in North America witnessed a CAGR of over 1.4% between 2017 and 2019 owing to the advancement of technology, coupled with the increasing demand for consumer electronics products, such as smart TVs, refrigerators, air conditioners, and other products. The rapid pace of electronic technological innovation is driving the demand for newer and faster electronic products. As a result, it has also increased the electrical and electronics production in the region.
• Electronic device sales in North America fell by around 9% in 2020 compared to 2019, owing to the COVID-19 impact, because of the production facility shutdowns, supply chain disruptions, and various other constraints. As a result, revenue from electrical and electronics production in the region decreased by 4.7% in 2020 compared to the previous year.
• In 2021, the sales of consumer electronics in the region reached around USD 113 billion, 4% higher than in 2020. As a result, North America’s electrical and electronics production grew by 13.8% in 2021 in terms of revenue compared to the previous year.
• By 2027, North America is projected to be the third-largest region for electrical and electronics production and account for a share of around 10.5% of the global market.​ The emergence of advanced technologies such as virtual reality, IoT solutions, and robotics into consumer electronic products to achieve efficiency and low cost has provided a significant advantage to the consumer electronics industry. The consumer electronics industry in the region is projected to reach a market volume of around USD 161.8 billion by 2027 from USD 127.6 billion in 2023. As a result, the demand for electrical and electronic products in the region is projected to increase.

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

Segment Analysis: End User Industry

Aerospace Segment in North American PEEK Market

The aerospace segment continues to dominate the North American polyether ether ketone (PEEK) market, commanding approximately 56% market share in 2024. This significant market position is attributed to the increasing adoption of PEEK-based materials as replacements for traditional metal parts in aircraft manufacturing, driven by their lightweight properties and ability to withstand high temperatures up to 2300°C. The segment's prominence is further strengthened by substantial aerospace component production in North America, particularly in the United States, which encompasses civil aircraft, space systems, and military aircraft applications. The material's exceptional properties, including a high strength-to-weight ratio, chemical resistance to hydraulic fluid, jet fuel, de-icing agents, and superior performance in extreme conditions, make it indispensable in various aerospace applications. The use of aerospace polymer materials like PEEK is crucial in advancing these technologies.

Electrical and Electronics Segment in North American PEEK Market

The electrical and electronics segment is emerging as the fastest-growing application area in the North American PEEK market, projected to expand at approximately 9% CAGR from 2024 to 2029. This robust growth is primarily driven by the increasing adoption of PEEK in semiconductor manufacturing, particularly in the United States, which accounts for about 12% of global semiconductor production. The segment's growth is further propelled by PEEK's superior electrical insulation properties, with a specific surface resistance of 10^15 ©, making it ideal for various electronic applications. The material's expanding use in wafer carriers, electronic insulating films, connecting devices, printed circuit boards, high-temperature connectors, cable plugs, and battery housings is contributing to its accelerated market growth. The advancements in PEEK processing and PEEK machining techniques are enhancing its applicability in these sectors.

Remaining Segments in End User Industry

The automotive, industrial machinery, and other end-user industries constitute significant segments in the North American PEEK market. The automotive sector utilizes PEEK in powertrain components, seal rings, sensors, and various other applications where weight reduction and high performance are crucial. The industrial machinery segment employs PEEK in manufacturing components for oil & gas and chemical industries, particularly in applications requiring high temperature and chemical resistance. Other end-user industries, including consumer goods and medical equipment, leverage PEEK's unique properties for specialized applications such as medical implants, dental work, and high-performance consumer products, contributing to the overall market diversity and growth. The integration of PEEK composite materials in these industries underscores the versatility and adaptability of PEEK in diverse applications.

North America Polyether Ether Ketone (peek) Market Geography Segment Analysis

Polyether Ether Ketone (PEEK) Market in the United States

The United States dominates the North American PEEK market, commanding approximately 85% of the total market value in 2024. The country's leadership position is primarily driven by its well-established aerospace and automotive PEEK industry, where PEEK is extensively utilized due to its lightweight properties and chemical resistance to various substances, including hydraulic fluid, jet fuel, and de-icing agents. The aerospace industry particularly benefits from PEEK's ability to replace traditional metal parts, offering significant weight reduction while maintaining high performance standards. The country's robust electrical and electronics sector further strengthens its market position, with PEEK being increasingly adopted in semiconductor production and electronic component manufacturing. The material's exceptional properties, including high temperature resistance and excellent dimensional stability, make it particularly suitable for demanding applications in various high-tech industries. The United States' strong focus on research and development, coupled with the presence of major PEEK manufacturers and end-users, continues to drive innovation and market growth in the region.

Polyether Ether Ketone (PEEK) Market in Mexico

Mexico represents the most dynamic market for polyether ether ketone in North America, projected to grow at approximately 10% annually from 2024 to 2029. The country's rapid market expansion is driven by its flourishing automotive and electronics manufacturing sectors, which are increasingly adopting PEEK-based materials in their production processes. Mexico's strategic position as a manufacturing hub, particularly in the automotive sector, has attracted significant investments in high-performance materials like PEEK. The country's growing aerospace industry further contributes to market growth, with PEEK being increasingly utilized in aircraft component manufacturing. The material's high-performance characteristics, including its resistance to extreme temperatures and chemicals, make it particularly valuable in Mexico's expanding industrial base. The country's favorable manufacturing climate, combined with increasing foreign direct investment in high-tech industries, continues to create new opportunities for PEEK applications. Mexico's commitment to technological advancement and industrial modernization has positioned it as a key growth market for PEEK materials in the region.

Polyether Ether Ketone (PEEK) Market in Canada

Canada's polyether ether ketone market is characterized by its strong focus on aerospace and advanced manufacturing applications. The country's aerospace industry, particularly in civil aviation, drives significant demand for PEEK materials due to their superior performance characteristics and weight-saving benefits. Canadian manufacturers increasingly utilize PEEK in various high-performance applications, leveraging its exceptional mechanical properties and chemical resistance. The country's commitment to research and development in aircraft technology has created new opportunities for PEEK applications, particularly in next-generation aircraft components. The electrical and electronics sector in Canada represents another significant market for PEEK, with growing applications in high-end electronic components and semiconductor manufacturing. The material's excellent electrical insulation properties and ability to withstand extreme conditions make it particularly valuable in Canada's harsh environmental conditions. The country's focus on sustainable and lightweight materials in manufacturing continues to drive PEEK adoption across various industrial sectors.

Polyether Ether Ketone (PEEK) Market in Other Countries

The North American PEEK market is primarily concentrated in the United States, Mexico, and Canada, with these three countries accounting for the vast majority of consumption. The market dynamics in other North American territories are influenced by similar trends, including the growing demand for lightweight and high-performance materials in various industrial applications. While the market presence in other North American regions is relatively small, there is potential for growth as industries continue to modernize and adopt advanced materials. The increasing focus on sustainable and high-performance materials across the region creates opportunities for PEEK adoption in various applications, from industrial manufacturing to specialized technical uses. The development of new applications and the growing awareness of PEEK's benefits continue to drive market expansion throughout North America.

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.