According to a new market report published by
Lucintel, the future of the global PEEK market looks promising with opportunities
in electronics, oil & gas, aerospace, medical, automotive, and other industries.
The global PEEK market is expected to
reach an estimated $957 million by 2024 with a CAGR
of 5.4% from 2019 to 2024. The major drivers for this market are growing demand
for high temperature resistance materials in different end use industries.
In this
market, PEEK is used in electronics,
oil & gas, aerospace, medical, and automotive industries to manufacture products, such as pipes,
brackets, ribs, fasteners, gears, transmission system, and spines. Lucintel
forecasts that electronics will remain the largest end use industry by value
and volume due to its wide use in mobile and semiconductor applications.
Aerospace is expected to witness the highest growth over the forecast period
due to the increasing usage of PEEK in aircraft components such as brackets,
fasteners, and others.
Europe is
expected to remain the largest market for PEEK due to the increasing consumption
of PEEK in all the major applications in this region. North America is expected to witness the
highest growth rate during the forecast period due to the anticipated growth in the aerospace, oil and gas, and
electronics industries.
Emerging trend, which has a
direct impact on the dynamics of the industry, includes development of new applications, such as car gears, dental
disc, and knee implants. Victrex, Solvay, Evonik, Panjin Zhongrun, and Zypeek
Jilin
are among the major suppliers of PEEK.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed
growth opportunities in the global PEEK market by end use industry, by use, and
region, and has come up with a
comprehensive research report entitled “Growth
Opportunities in the Global PEEK Market 2019-2024: Trends, Forecast, and
Opportunity Analysis.” The
Lucintel report serves as a catalyst for growth strategies as it provides a comprehensive
data and analysis on trends, key drivers, and directions. The study includes a
forecast for the global PEEK market by end use industry, use, and region as follows:
By end use
Industry [Volume (kilotons) and $M shipment analysis from 2013 to 2024]:
- Electronics
o
Semiconductor
o
Mobile Film
o
Others Application
- Oil & gas
o
Pipe
o
Others Application
- Aerospace
o
Brackets
o
Fasteners
o
Other Applications
- Medical
o
Spine
o
Arthroscopy
o
Other Applications
- Automotive
o
Transmission System
o
Braking System
o
Gears
o
Other Application
- Other
By use [Volume
(kilotons) and $M shipment analysis from 2013 to 2024]:
- Unfilled
- Caron Composites
- Glass Composites
By region
[Volume (kilotons) and $M shipment analysis
from 2013 to 2024]:
- North America
- Europe
- Asia Pacific
- Rest of the World
This 157-page research report will enable you
to make confident business decisions in this globally competitive marketplace.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or
helpdesk@lucintel.com. Lucintel offerings include Advanced
Materials Reports, Composite
Materials Market Report, Opportunity
Screening and Analysis, Capital
Investment Feasibility and SWOT Analysis.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This report addresses the following key
questions:
Q. 1. What are
some of the most promising, high-growth opportunities for the global PEEK market
by end use industry (electronics, oil & gas, aerospace, medical,
automotive, and others), usage (unfilled, carbon composites and glass composites),
and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.
2. Which products segments will grow at
a faster pace and why?
Q.
3. Which region will grow at a faster
pace and why?
Q.4. What are the key factors affecting market
dynamics? What are the drivers, challenges, and business risks in this market?
Q.5. What
are the business risks and competitive threats in this market?
Q.6. What
are the emerging trends in this market and reasons behind them?
Q.7. What
are some of the changing demands of customers in the market?
Q.8. What
are the new developments in the market and which companies are leading these
developments?
Q.9. Who
are the major players in this market? What strategic initiatives are being
taken by key companies for business growth?
Q.10. What
are some of the competing products in this market and how big of a threat do
they pose for loss of market share by product substitution?
Q. 11. What M&A activity has occurred in
the last 5 years?
No comments:
Post a Comment