The global market for polyaryletherketone (PAEK) is estimated to grow at an impressive CAGR of over 6% during the forecast period (2019-2027) to reach a valuation of over US$ 1.4 Bn.
The utilization of polyaryletherketone (PAEK) is proliferating in several applications and oil drilling components such as compressor rings, seals, bearings, gears, wire coatings, and valve parts. Due to its high glass transition temperature property, increased use of polyetheretherketone (PEEK) in the aerospace industry is projected to heighten demand worldwide.
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Global Polyaryletherketone (PAEK) Market: In-Depth Assessment on Key Segments
The global polyaryletherketone (PAEK) market is segmented on the basis of type, end-use industry and region.
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What Do You Get in a Fact.MR Study?
- Factors affecting the overall development of the global Polyaryletherketone (PAEK) Market
- Factor that might restrain the growth of the global market in the coming years of the forecast period.
- What is present competitive scenario of the global Polyaryletherketone (PAEK) Market and its intricate details concerning potential business prospects of leading market players
- Pricing strategies of several different market players in the global Polyaryletherketone (PAEK) Market
Key Takeaways of Polyaryletherketone (PAEK) Market Study
- With a projected CAGR of 5.5% from 2019 to 2027, ‘PEEK’ polymer is expected to see significant volume gains. This is attributed to increasing consumption in the automotive, medical, oil and gas industries and in the aerospace sector
- The ‘medical’ end use segment is expected to the grow with the highest growth rate of over 7% due to the increased use of polyaryletherketone (PAEK) in surgical methods and dental work
- Europe leads the global polyaryletherketone (PAEK) market with a market share of over 35% in 2019. The automotive industry in combination with private investments in research and development (R&D), acts as a force multiplier for the extensive utilization of polyaryletherketone (PAEK)
- Asia Pacific holds a strong customer base in the global Polyaryletherketone (PAEK) market. Presence of key automotive companies in Japan including Honda, Yoyota and Suzuki and increased penetration of aircraft manufacturers are the attributing factors behind growth of the market in this region
- Growing demand from the construction and automotive sectors for replacements such as Polyphenylene Sulfide (PPS) and Polyethylenimine (PEI) is expected to curb market growth over the forecast period
“Healthcare investments and technological progressions along with supportive government policies will drive growth in the global polyaryletherketone (PAEK) market,” says the Fact.MR analyst
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
- Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa,Rest of MEA)
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How Fact.MR Assists in Making Strategic Moves?
The data provided in the Polyaryletherketone (PAEK) Market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.
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