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Global PEEK market: $831 million industry forecast by 2018

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Polyether Ether Ketone (PEEK) Market: Global Trends & Forecasts to 2018 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-04 00:53:03
The global PEEK market (Polyether ether ketone ) is estimated to reach $831 million by 2018. The market volume is expected to grow at a CAGR of 8.2% from 2013 to 2018. PEEK implants are increasingly being preferred in the medical industry due to its light weight and increased compatibility with the human body. The demand of PEEK in medical will continue to grow from the developing and emerging markets. However, developed markets´ demand for PEEK will register higher growth as compared with the developing markets in the coming five years.

Polyether ether ketone (PEEK) is a semi-crystalline high temperature thermoplastic that offers a unique combination of exceptional performance characteristics. PEEK has excellent long term chemical resistance and also offers thermal and mechanical properties. PEEK is used to make some specialized components, which are used in their various applications.

PEEK has excellent strength, rigidity and toughness at elevated temperatures, chemically resistant to most common solvents, has low moisture absorption, superior electric properties, with FDA compliant, and relatively low smoke and gas emissions. Based on its unique properties, PEEK has been largely classified into three types, including unfilled PEEK, carbon filled PEEK, and glass filled PEEK.

The global market for Polyether ether ketone (PEEK) has grown significantly during the past few years and is expected to grow at a more rapid pace in the next five years, mainly driven by the growing demand from automotive, aerospace, medical, etc. Europe emerged as the largest market of PEEK.

The demand for PEEK in the European region is likely to remain healthy due to huge demand for the industrial segment. U.S. is the largest single market for PEEK across the globe. The PEEK consumption in other countries had improved over the past few years and is expected to increase further in the future. The major Polyether ether ketone (PEEK) market production facilities are located in Europe and Asia-Pacific markets, such as in U.K., China, India, etc.

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