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

The Polyether Ether Ketone (PEEK) Market is segmented by End User Industry (Aerospace, Automotive, Electrical and Electronics, Industrial and Machinery) and by Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). 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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Polyether Ether Ketone (PEEK) Market Size

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 0.80 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 1.16 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by End User Industry Aerospace
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 7.76 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Region Asia-Pacific

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

Key Players

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Polyether Ether Ketone (PEEK) Market Analysis

The Polyether Ether Ketone (PEEK) Market size is estimated at 0.80 billion USD in 2024, and is expected to reach 1.16 billion USD by 2029, growing at a CAGR of 7.76% during the forecast period (2024-2029).

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0.80 Billion

Market Size in 2024 (USD)

1.16 Billion

Market Size in 2029 (USD)

5.83 %

CAGR (2017-2023)

7.76 %

CAGR (2024-2029)

Largest Market by End-user Industry

27.54 %

value share, Aerospace, 2023

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

Fastest Growing Market by End-user Industry

8.93 %

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 Region

40.35 %

value share, Asia-Pacific, 2023

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Owing to the significant demand for PEEK-based materials in the automotive, electronics, and aerospace industries, mostly in China, India, and Japan, Asia-Pacific captured the largest market share.

Fastest Growing Market by Region

9.90 %

Projected CAGR, Africa, 2024-2029

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Due to the increasing demand for high-performance PEEK products from the electronics and automotive industries, Africa is likely to witness the fastest growth during the forecast period.

Leading Market Player

42.31 %

market share, Victrex, 2022

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With the largest production capacity of 7,150 tons of PEEK resin, Victrex occupied the highest market share globally. The company offers different grades and forms of PEEK products for a variety of industrial applications.

Rapid pace of technological innovation in electronics industry to boost demand for PEEK

  • Polyether ether ketone (PEEK) exhibits versatile properties like resistance to creep, chemicals, impact, and abrasion, due to which it is used widely in the electronics, aerospace, and industrial and mechanical equipment industries. The global PEEK market grew by 14.2% in terms of revenue in 2022 compared to the previous year.
  • The aerospace industry was the largest consumer of PEEK resins in 2022 in terms of value, which can be attributed to an increase in the demand for high-performance aerospace components. For instance, aerospace component production revenue reached around USD 467 billion in 2022, 8.55% higher than in 2021. Europe recorded the highest demand for PEEK in 2022, and it is expected to record a CAGR of 7.69% in terms of value during the forecast period (2023-2029). Amid the Russia-Ukraine war, several countries in Europe, like Germany and France, have been ramping up their aerospace defense. This factor increased the demand for aerospace components to be used in military jets and planes, along with an increase in the consumption of PEEK.
  • The electrical and electronics market is the fastest-growing end-user market for PEEK, and it is expected to witness a CAGR of 9.01% in value during the forecast period (2023-2029). Owing to emerging trends like artificial intelligence and the Internet of Things, the demand for electronic devices is predicted to increase in the future, bringing a surge in demand for PEEK. The global consumer electronics market is expected to show a volume growth of 1.5% by 2024. Asia-Pacific occupied the largest market share by volume in 2022. The region is expected to register a CAGR of 8.52% in terms of value during the forecast period, making it the second fastest-growing region.
Global Polyether Ether Ketone (PEEK) Market

Asia-Pacific to dominate PEEK consumption

  • PEEK thermoplastics are used in the production of parts and equipment, including wire coating, profile extrusion, film, pipe, sheet, and monofilament. The demand for PEEK resin recorded a growth of 14.21% in terms of revenue in 2022 compared to 2021. Asia-Pacific and Europe are among the major consumers of PEEK globally.
  • Asia-Pacific is the largest consumer of PEEK resins, and it is expected to register a CAGR of 8.52% in terms of value during the forecast period, making it the second-fastest-growing sector as well. Countries like China and Japan are at the forefront of the utilization of PEEK, occupying 59.85% and 16.82%, respectively, of the total PEEK market share in terms of revenue. This share can be attributed to China's automotive industry, which is experiencing a surge in demand for vehicles primarily due to the government reducing taxes on vehicle purchases amid a global semiconductor shortage. Vehicle production in China was recorded at 46 million units in 2022 compared to 44 million units in the previous year. China is also the fastest-growing country, and it is likely to experience a CAGR of 8.78% in terms of value from 2023 to 2029.
  • Africa is the fastest-growing region, and it is likely to register a CAGR of 9.64% in terms of value during the forecast period (2023-2029). South Africa and Nigeria accounted for 49.65% and 8.48%, respectively, of the overall PEEK revenue generated by the region. South Africa's electronics industry experienced a surge in demand for consumer electronics, and it is likely to witness a CAGR of 10.63% by value during the forecast period, which may serve as a growth factor for the PEEK market.

Global Polyether Ether Ketone (PEEK) Market Trends

Technological advancements in electronics industry may foster the growth

  • The rapid pace of technological innovation in electronic products is driving the consistent demand for new and fast electrical and electronic products. In 2022, the global revenue of electrical and electronics stood at USD 5,807 billion, with Asia-Pacific holding a 74% market share, followed by Europe with a 13% share. The global electrical and electronics market is expected to record a CAGR of 6.61% during the forecast period.
  • In 2018, the Asia-Pacific region witnessed strong economic growth owing to rapid industrialization in China, South Korea, Japan, India, and ASEAN countries. In 2020, due to the pandemic, there was a slowdown in global electrical and electronics production due to the shortage of chips and inefficiencies in the supply chain, which led to a stagnant growth rate of 0.1% in revenue compared to the previous year. This growth was driven by the demand for consumer electronics for remote working and home entertainment as people were forced to remain indoors during the pandemic.
  • The demand for advanced technologies, such as digitalization, robotics, virtual reality, augmented reality, IoT (Internet of Things), and 5G connectivity, is expected to grow during the forecast period. Global electrical and electronics production is expected to register a growth rate of 5.9% in 2027.​ As a result of technological advancements, the demand for consumer electronics is expected to rise during the forecast period. For instance, the global consumer electronics industry is projected to witness a revenue reach of around USD 904.6 billion in 2027, compared to USD 719.1 billion in 2023. As a result, technological development is projected to lead the demand for electrical and electronic products during the forecast period.
Global Polyether Ether Ketone (PEEK) Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Fast-paced growth of aviation industry and increased aircraft contracts may aid market growth
  • Fast-paced urbanization and investments in Asia-Pacific region may boost the industry
  • Growing demand for electric vehicles may boost automobile industry growth
  • Demand for flexible packaging from the food and beverage industry boosting market growth

Polyether Ether Ketone (PEEK) Industry Overview

The Polyether Ether Ketone (PEEK) Market is fairly consolidated, with the top five companies occupying 80.77%. The major players in this market are Evonik Industries AG, Jilin Joinature Polymer Co., Ltd., Pan Jin Zhongrun High Performance Polymer Co.,Ltd, Solvay and Victrex (sorted alphabetically).

Polyether Ether Ketone (PEEK) Market Leaders

  1. Evonik Industries AG

  2. Jilin Joinature Polymer Co., Ltd.

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

  4. Solvay

  5. Victrex

Polyether Ether Ketone (PEEK) Market Concentration

Other important companies include BARLOG Plastics GmbH, Polyplastics-Evonik Corporation, Shandong Haoran Special Plastic Co., Ltd., Zhejiang Pengfulong Technology Co., Ltd., Zibo Bainaisi Chemical Co.,Ltd.

*Disclaimer: Major Players sorted in alphabetical order.

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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).
  • February 2023: Victrex PLC revealed its plans to invest in the expansion of its medical division, Invibio Biomaterial Solutions, which includes establishing a new product development facility in Leeds, United Kingdom.
  • July 2022: Solvay introduced a new grade of KetaSpire PEEK, KT-850 SCF 30, designed for the precision brake system and e-mobility pump components.

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.

Global Polyether Ether Ketone (PEEK) Market
Global Polyether Ether Ketone (PEEK) Market
Global Polyether Ether Ketone (PEEK) Market
Global Polyether Ether Ketone (PEEK) Market

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. Argentina

      2. 2.2.2. Australia

      3. 2.2.3. Brazil

      4. 2.2.4. Canada

      5. 2.2.5. China

      6. 2.2.6. EU

      7. 2.2.7. India

      8. 2.2.8. Japan

      9. 2.2.9. Malaysia

      10. 2.2.10. Mexico

      11. 2.2.11. Nigeria

      12. 2.2.12. Russia

      13. 2.2.13. Saudi Arabia

      14. 2.2.14. South Africa

      15. 2.2.15. South Korea

      16. 2.2.16. United Arab Emirates

      17. 2.2.17. United Kingdom

      18. 2.2.18. United States

    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. Region

      1. 3.2.1. Africa

        1. 3.2.1.1. By Country

          1. 3.2.1.1.1. Nigeria

          2. 3.2.1.1.2. South Africa

          3. 3.2.1.1.3. Rest of Africa

      2. 3.2.2. Asia-Pacific

        1. 3.2.2.1. By Country

          1. 3.2.2.1.1. Australia

          2. 3.2.2.1.2. China

          3. 3.2.2.1.3. India

          4. 3.2.2.1.4. Japan

          5. 3.2.2.1.5. Malaysia

          6. 3.2.2.1.6. South Korea

          7. 3.2.2.1.7. Rest of Asia-Pacific

      3. 3.2.3. Europe

        1. 3.2.3.1. By Country

          1. 3.2.3.1.1. France

          2. 3.2.3.1.2. Germany

          3. 3.2.3.1.3. Italy

          4. 3.2.3.1.4. Russia

          5. 3.2.3.1.5. United Kingdom

          6. 3.2.3.1.6. Rest of Europe

      4. 3.2.4. Middle East

        1. 3.2.4.1. By Country

          1. 3.2.4.1.1. Saudi Arabia

          2. 3.2.4.1.2. United Arab Emirates

          3. 3.2.4.1.3. Rest of Middle East

      5. 3.2.5. North America

        1. 3.2.5.1. By Country

          1. 3.2.5.1.1. Canada

          2. 3.2.5.1.2. Mexico

          3. 3.2.5.1.3. United States

      6. 3.2.6. South America

        1. 3.2.6.1. By Country

          1. 3.2.6.1.1. Argentina

          2. 3.2.6.1.2. Brazil

          3. 3.2.6.1.3. Rest of South America

  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. BARLOG Plastics GmbH

      2. 4.4.2. Evonik Industries AG

      3. 4.4.3. Jilin Joinature Polymer Co., Ltd.

      4. 4.4.4. Pan Jin Zhongrun High Performance Polymer Co.,Ltd

      5. 4.4.5. Polyplastics-Evonik Corporation

      6. 4.4.6. Shandong Haoran Special Plastic Co., Ltd.

      7. 4.4.7. Solvay

      8. 4.4.8. Victrex

      9. 4.4.9. Zhejiang Pengfulong Technology Co., Ltd.

      10. 4.4.10. Zibo Bainaisi Chemical Co.,Ltd

  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, GLOBAL, 2017 - 2029
  1. Figure 2:  
  2. PRODUCTION VOLUME OF AUTOMOBILES, UNITS, GLOBAL, 2017 - 2029
  1. Figure 3:  
  2. FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, GLOBAL, 2017 - 2029
  1. Figure 4:  
  2. PRODUCTION REVENUE OF ELECTRICAL AND ELECTRONICS, USD, GLOBAL, 2017 - 2029
  1. Figure 5:  
  2. PRODUCTION VOLUME OF PLASTIC PACKAGING, TONS, GLOBAL, 2017 - 2029
  1. Figure 6:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, GLOBAL, 2017 - 2029
  1. Figure 7:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, GLOBAL, 2017 - 2029
  1. Figure 8:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, TONS, GLOBAL, 2017 - 2029
  1. Figure 9:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 10:  
  2. VOLUME SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2017, 2023, AND 2029
  1. Figure 11:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2017, 2023, AND 2029
  1. Figure 12:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN AEROSPACE INDUSTRY, TONS, GLOBAL, 2017 - 2029
  1. Figure 13:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN AEROSPACE INDUSTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 14:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN AEROSPACE INDUSTRY BY REGION, %, GLOBAL, 2022 VS 2029
  1. Figure 15:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN AUTOMOTIVE INDUSTRY, TONS, GLOBAL, 2017 - 2029
  1. Figure 16:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN AUTOMOTIVE INDUSTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 17:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN AUTOMOTIVE INDUSTRY BY REGION, %, GLOBAL, 2022 VS 2029
  1. Figure 18:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, TONS, GLOBAL, 2017 - 2029
  1. Figure 19:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 20:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY BY REGION, %, GLOBAL, 2022 VS 2029
  1. Figure 21:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, TONS, GLOBAL, 2017 - 2029
  1. Figure 22:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 23:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY BY REGION, %, GLOBAL, 2022 VS 2029
  1. Figure 24:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, TONS, GLOBAL, 2017 - 2029
  1. Figure 25:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 26:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY REGION, %, GLOBAL, 2022 VS 2029
  1. Figure 27:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY REGION, TONS, GLOBAL, 2017 - 2029
  1. Figure 28:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY REGION, USD, GLOBAL, 2017 - 2029
  1. Figure 29:  
  2. VOLUME SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY REGION, %, GLOBAL, 2017, 2023, AND 2029
  1. Figure 30:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY REGION, %, GLOBAL, 2017, 2023, AND 2029
  1. Figure 31:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, TONS, AFRICA, 2017 - 2029
  1. Figure 32:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, USD, AFRICA, 2017 - 2029
  1. Figure 33:  
  2. VOLUME SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, %, AFRICA, 2017, 2023, AND 2029
  1. Figure 34:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, %, AFRICA, 2017, 2023, AND 2029
  1. Figure 35:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, NIGERIA, 2017 - 2029
  1. Figure 36:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, NIGERIA, 2017 - 2029
  1. Figure 37:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, NIGERIA, 2022 VS 2029
  1. Figure 38:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, SOUTH AFRICA, 2017 - 2029
  1. Figure 39:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, SOUTH AFRICA, 2017 - 2029
  1. Figure 40:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, SOUTH AFRICA, 2022 VS 2029
  1. Figure 41:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, REST OF AFRICA, 2017 - 2029
  1. Figure 42:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, REST OF AFRICA, 2017 - 2029
  1. Figure 43:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, REST OF AFRICA, 2022 VS 2029
  1. Figure 44:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, TONS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 45:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 46:  
  2. VOLUME SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2017, 2023, AND 2029
  1. Figure 47:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2017, 2023, AND 2029
  1. Figure 48:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, AUSTRALIA, 2017 - 2029
  1. Figure 49:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, AUSTRALIA, 2017 - 2029
  1. Figure 50:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2022 VS 2029
  1. Figure 51:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, CHINA, 2017 - 2029
  1. Figure 52:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, CHINA, 2017 - 2029
  1. Figure 53:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, CHINA, 2022 VS 2029
  1. Figure 54:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, INDIA, 2017 - 2029
  1. Figure 55:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, INDIA, 2017 - 2029
  1. Figure 56:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, INDIA, 2022 VS 2029
  1. Figure 57:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, JAPAN, 2017 - 2029
  1. Figure 58:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, JAPAN, 2017 - 2029
  1. Figure 59:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, JAPAN, 2022 VS 2029
  1. Figure 60:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, MALAYSIA, 2017 - 2029
  1. Figure 61:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, MALAYSIA, 2017 - 2029
  1. Figure 62:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, MALAYSIA, 2022 VS 2029
  1. Figure 63:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, SOUTH KOREA, 2017 - 2029
  1. Figure 64:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, SOUTH KOREA, 2017 - 2029
  1. Figure 65:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, SOUTH KOREA, 2022 VS 2029
  1. Figure 66:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, REST OF ASIA-PACIFIC, 2017 - 2029
  1. Figure 67:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, REST OF ASIA-PACIFIC, 2017 - 2029
  1. Figure 68:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, REST OF ASIA-PACIFIC, 2022 VS 2029
  1. Figure 69:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, TONS, EUROPE, 2017 - 2029
  1. Figure 70:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, USD, EUROPE, 2017 - 2029
  1. Figure 71:  
  2. VOLUME SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, %, EUROPE, 2017, 2023, AND 2029
  1. Figure 72:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, %, EUROPE, 2017, 2023, AND 2029
  1. Figure 73:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, FRANCE, 2017 - 2029
  1. Figure 74:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, FRANCE, 2017 - 2029
  1. Figure 75:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, FRANCE, 2022 VS 2029
  1. Figure 76:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, GERMANY, 2017 - 2029
  1. Figure 77:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, GERMANY, 2017 - 2029
  1. Figure 78:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, GERMANY, 2022 VS 2029
  1. Figure 79:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, ITALY, 2017 - 2029
  1. Figure 80:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, ITALY, 2017 - 2029
  1. Figure 81:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, ITALY, 2022 VS 2029
  1. Figure 82:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, RUSSIA, 2017 - 2029
  1. Figure 83:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, RUSSIA, 2017 - 2029
  1. Figure 84:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, RUSSIA, 2022 VS 2029
  1. Figure 85:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, UNITED KINGDOM, 2017 - 2029
  1. Figure 86:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, UNITED KINGDOM, 2017 - 2029
  1. Figure 87:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, UNITED KINGDOM, 2022 VS 2029
  1. Figure 88:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, REST OF EUROPE, 2017 - 2029
  1. Figure 89:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, REST OF EUROPE, 2017 - 2029
  1. Figure 90:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, REST OF EUROPE, 2022 VS 2029
  1. Figure 91:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 92:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 93:  
  2. VOLUME SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, %, MIDDLE EAST, 2017, 2023, AND 2029
  1. Figure 94:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, %, MIDDLE EAST, 2017, 2023, AND 2029
  1. Figure 95:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, SAUDI ARABIA, 2017 - 2029
  1. Figure 96:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, SAUDI ARABIA, 2017 - 2029
  1. Figure 97:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, SAUDI ARABIA, 2022 VS 2029
  1. Figure 98:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, UNITED ARAB EMIRATES, 2017 - 2029
  1. Figure 99:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, UNITED ARAB EMIRATES, 2017 - 2029
  1. Figure 100:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, UNITED ARAB EMIRATES, 2022 VS 2029
  1. Figure 101:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, REST OF MIDDLE EAST, 2017 - 2029
  1. Figure 102:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, REST OF MIDDLE EAST, 2017 - 2029
  1. Figure 103:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, REST OF MIDDLE EAST, 2022 VS 2029
  1. Figure 104:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, TONS, NORTH AMERICA, 2017 - 2029
  1. Figure 105:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 106:  
  2. VOLUME SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, %, NORTH AMERICA, 2017, 2023, AND 2029
  1. Figure 107:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, %, NORTH AMERICA, 2017, 2023, AND 2029
  1. Figure 108:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, CANADA, 2017 - 2029
  1. Figure 109:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, CANADA, 2017 - 2029
  1. Figure 110:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, CANADA, 2022 VS 2029
  1. Figure 111:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, MEXICO, 2017 - 2029
  1. Figure 112:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, MEXICO, 2017 - 2029
  1. Figure 113:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, MEXICO, 2022 VS 2029
  1. Figure 114:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, UNITED STATES, 2017 - 2029
  1. Figure 115:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, UNITED STATES, 2017 - 2029
  1. Figure 116:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, UNITED STATES, 2022 VS 2029
  1. Figure 117:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, TONS, SOUTH AMERICA, 2017 - 2029
  1. Figure 118:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 119:  
  2. VOLUME SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2017, 2023, AND 2029
  1. Figure 120:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2017, 2023, AND 2029
  1. Figure 121:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, ARGENTINA, 2017 - 2029
  1. Figure 122:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, ARGENTINA, 2017 - 2029
  1. Figure 123:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, ARGENTINA, 2022 VS 2029
  1. Figure 124:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, BRAZIL, 2017 - 2029
  1. Figure 125:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, BRAZIL, 2017 - 2029
  1. Figure 126:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, BRAZIL, 2022 VS 2029
  1. Figure 127:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, REST OF SOUTH AMERICA, 2017 - 2029
  1. Figure 128:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, REST OF SOUTH AMERICA, 2017 - 2029
  1. Figure 129:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, REST OF SOUTH AMERICA, 2022 VS 2029
  1. Figure 130:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, GLOBAL, 2019 - 2021
  1. Figure 131:  
  2. MOST ADOPTED STRATEGIES, COUNT, GLOBAL, 2019 - 2021
  1. Figure 132:  
  2. PRODUCTION CAPACITY SHARE OF POLYETHER ETHER KETONE (PEEK) BY MAJOR PLAYERS, %, GLOBAL, 2022

Polyether Ether Ketone (PEEK) Industry Segmentation

Aerospace, Automotive, Electrical and Electronics, Industrial and Machinery are covered as segments by End User Industry. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.

  • Polyether ether ketone (PEEK) exhibits versatile properties like resistance to creep, chemicals, impact, and abrasion, due to which it is used widely in the electronics, aerospace, and industrial and mechanical equipment industries. The global PEEK market grew by 14.2% in terms of revenue in 2022 compared to the previous year.
  • The aerospace industry was the largest consumer of PEEK resins in 2022 in terms of value, which can be attributed to an increase in the demand for high-performance aerospace components. For instance, aerospace component production revenue reached around USD 467 billion in 2022, 8.55% higher than in 2021. Europe recorded the highest demand for PEEK in 2022, and it is expected to record a CAGR of 7.69% in terms of value during the forecast period (2023-2029). Amid the Russia-Ukraine war, several countries in Europe, like Germany and France, have been ramping up their aerospace defense. This factor increased the demand for aerospace components to be used in military jets and planes, along with an increase in the consumption of PEEK.
  • The electrical and electronics market is the fastest-growing end-user market for PEEK, and it is expected to witness a CAGR of 9.01% in value during the forecast period (2023-2029). Owing to emerging trends like artificial intelligence and the Internet of Things, the demand for electronic devices is predicted to increase in the future, bringing a surge in demand for PEEK. The global consumer electronics market is expected to show a volume growth of 1.5% by 2024. Asia-Pacific occupied the largest market share by volume in 2022. The region is expected to register a CAGR of 8.52% in terms of value during the forecast period, making it the second fastest-growing region.
End User Industry
Aerospace
Automotive
Electrical and Electronics
Industrial and Machinery
Other End-user Industries
Region
Africa
By Country
Nigeria
South Africa
Rest of Africa
Asia-Pacific
By Country
Australia
China
India
Japan
Malaysia
South Korea
Rest of Asia-Pacific
Europe
By Country
France
Germany
Italy
Russia
United Kingdom
Rest of Europe
Middle East
By Country
Saudi Arabia
United Arab Emirates
Rest of Middle East
North America
By Country
Canada
Mexico
United States
South America
By Country
Argentina
Brazil
Rest of South America
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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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  • 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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Polyether Ether Ketone (PEEK) Market Research FAQs

The Global Polyether Ether Ketone (PEEK) Market size is expected to reach USD 795.36 million in 2024 and grow at a CAGR of 7.76% to reach USD 1.16 billion by 2029.

In 2024, the Global Polyether Ether Ketone (PEEK) Market size is expected to reach USD 795.36 million.

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

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

In 2024, Asia-Pacific accounts for the largest share by region in the Global Polyether Ether Ketone (PEEK) Market.

In 2023, the Global Polyether Ether Ketone (PEEK) Market size was estimated at 795.36 million. The report covers the Global Polyether Ether Ketone (PEEK) Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Polyether Ether Ketone (PEEK) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

PEEK Industry Report

Statistics for the 2023 Polyether Ether Ketone (PEEK) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. 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.

PEEK Market Report Snapshots

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