Global Polyether Ether Ketone Market – Size, Projections, Drivers, Trends, Vendors, and Analysis Through 2021 by Technavio

LONDON–(BUSINESS WIRE)–#Chemicals–According to the latest market study released by Technavio,
the global
polyether ether ketone (PEEK) market is projected to grow
to USD 802.67 million by 2021, at a CAGR of more than 10% over the
forecast period.

This research report titled ‘Global
Polyether Ether Ketone Market 2017-2021’ provides an in-depth
analysis of the market in terms of revenue and emerging market trends.
This market research report also includes up to date analysis and
forecasts for various market segments and all geographical regions.

This report is available at a USD 1,000 discount for a limited time
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Based on the type, the report categorizes the global PEEK market into
the following segments:

• Glass-filled PEEK
• Carbon-filled PEEK
• Unfilled PEEK

Glass-filled PEEK

“The glass-filled polyether ether ketone segment occupied more
than 82% of the market in 2016 and is expected to grow swiftly over the
forecast period. Its applications involving sliding parts and high
static loads for extended periods is expected to drive the growth of the
market segment,” says Hitesh Bhatia, a lead analyst at Technavio
for specialty
chemicals research.

Glass-filled PEEK or glass fiber reinforced PEEK has better stiffness,
dimensional stability, and creep resistance, which makes them suitable
to be used in combination with a general-purpose grade or unfilled PEEK
to obtain a significant reduction of expansion rate and increase in the
flexural modulus of PEEK.

Carbon-filled PEEK

Carbon-filled PEEK or carbon fiber reinforced PEEK offers better
load-bearing capabilities, continuous high-temperature workability, and
resistance to hydrolysis. Carbon fibers added to unfilled PEEK enhances
the compressive strength and stiffness of PEEK, which results in
lowering the expansion rate.

The global carbon-filled PEEK market was valued at USD 45.94 million in
2016 and is expected to showcase a moderate growth rate over the
forecast period. The black color of the carbon-filled PEEK products is
aesthetically appealing, which is expected to drive the growth of the
market segment.

Unfilled PEEK

“Unfilled, or general-purpose polyether ether ketone offers the
maximum elongation and toughness when compared to the other varieties of
polyether ether ketones. It also possesses unique functionalities such
as static dissipation and high-temperature processability,” says
Hitesh.

The unique functionalities of the product can be achieved by reinforcing
unfilled PEEK. It also complies with the Food and Drug Administration
(FDA) regulations for food contact materials, making it suitable for use
in the packaging and pharmaceutical applications.

The top vendors highlighted by Technavio’s research analysts in this
report are:

• A. Schulman
• Caledonian Industries
• Evonik Industries
• Solvay
• Victrex

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About Technavio

Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
resellers, and end-users.

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