PEEK Market size was valued at US$ 678.62 Mn. in 2021 and the total revenue is expected to grow at a CAGR of 6.3% through 2022 to 2029, reaching nearly US$ 1106.36 Mn.
PEEK Market Overview:
The competitive landscape of the PEEK Market includes information about competitors. Among the areas covered are a firm overview, financials, revenue generated, market potential, R&D investment, new market efforts, geographical presence, business strengths and weaknesses, product introduction, and application dominance. The information that follows is only relevant to the organization’s concentration on the PEEK market.
Top-down and bottom-up approaches are used to validate the market size and estimate the market size by different segments. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights based on usage rate and average sale price are applied to each area to generate percentage splits, market shares, and segment breakdowns. The country-wise divisions of the overall market and its sub-segments are determined by the percentage adoption or usage of the specified market Size in the relevant area or nation.
Based on the End-User, the market is segmented into Electrical & Electronics, Aerospace, Automotive, Oil & Gas, Medical, and Others. Electrical & Electronics segment is expected to grow rapidly at a CAGR of % during the forecast period. An increasing demand from end applications of electrical & electronics industry, such as electrical connectors, transformers, cable sheaths, and others are driving this sector’s growth. This is the key factor that drives the growth of the electrical & electronics industry segment in the global market during the forecast period 2021-2029.
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• Victrex PLC
• Solvay S.A.
• Evonik Industries AG
• Saudi Basic Industries Corporation (SABIC)
• Panjin Zhongrun High Performance Polymers Co. Ltd
• Celanese Corporation
• Zyex Ltd
• Quadrant Epp Surlon India Ltd
• Prototype & Plastic Mold Co. Inc.
• Jrlon Inc.
• J. K. Overseas
• Darter Plastics Inc.
• Caledonian Ferguson Timpson Ltd
• Stern Industries Inc.
• A. Schulman Inc.
• Mitsubishi Chemical Corporation
• PolyOne Corporation
• LATI Industria Termoplastici S.p.A.
• Saudi Basic Industries Corporation (SABIC)
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Primary and secondary research are used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and markePEEKg executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and markePEEKg executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
The following are the key players of the PEEK market-
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Individual market influencing components and changes in market rules that impact present and future market trends are also explored in the research’s geographical component. Downstream and upstream value chain analysis, technology trends, Porter’s five forces analysis, and case studies are some of the elements utilized to anticipate market scenarios for various nations.
COVID-19 Impact Analysis on PEEK Market: In addition, the paper evaluates the influence of COVID-19 on the PEEK market. The primary goal of this research is to assist users in understanding the market in terms of definition, segmentation, market potential, important trends, and challenges that the industry faces across major regions. The study presents a microeconomic and macroeconomic analysis of COVID-19’s overall impact on the PEEK Market. The analysis focuses on market share and size, clearly illustraPEEKg the impact of the pandemic on the global PEEK Market in the next years.
Key Questions Answered in the PEEK Market Report are:
- What will be the PEEK market’s CAGR throughout the projected period (2021-2027)?
- Which market category emerged as the market leader in the PEEK industry?
- Who are the key players in the PEEK market?
- What important trends in the PEEK industry are anticipated to develop throughout the forecast period?
- How big will the PEEK market be in 2027?
- In 2020, which business segment had the highest proportion of the PEEK market?
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