PEEK Market Size Worth USD 1,225.7 Million by 2027 | Surging Demand For Additive Manufactured Molds Is One Of The Significant Factors Influencing the Polyether Ether Ketone Industry Growth | Emergen Research

Vancouver, British Columbia, Feb. 10, 2021 (GLOBE NEWSWIRE) — The global PEEK is projected to be worth USD 1,225.7 Million by 2027 growing at a CAGR OF 6.8%, according to a current analysis by Emergen Research. The PEEK (Polyether Ether Ketone) market is observing a high demand attributed to its increasing demand from the aerospace industry. It has been estimated that by 2035 the aerospace industry would require a total of about 41,000 aircraft, including new and replacement planes.The surging need to cater to the massive requirement pushes the demand for composite materials comprising thermoplastics such as PEEK, which, in turn, would drive the product demand in aircraft construction. The PEEK composites can offer weight reduction up to 60.0% than metals, leading to improved fuel efficiency and reduced carbon-dioxide emission, offering both cost and eco-friendly benefits and reduced maintenance and improved uptime.Claim Your FREE Sample Copy with Table of [email protected] Companies Profiled in PEEK Market Report are:Celanese Corporation, Solvay SA, Darter Plastics Inc., Evonik Industries, Prototype & Plastic Mold Co. Inc., SABIC, Victrex PLC, Panjin Zhongrun High Performance Polymers Co. Ltd., Jrlon Inc., and Quadrant Epp Surlon India Ltd., among others.Key Highlights From The ReportIn May 2020, Evonik introduced 3D-printable PEEK filament for use in medical implants. Thus, customized plastic implants can be manufactured, deploying 3D printing processes to comply with the requirements of ASTM F2026.PEEK, a high-performance plastic, provide several benefits in the oil & gas sector, including corrosion resistance, weight reductions, minimized noise emissions, and thermal decoupling.The application of PEEK plastic in the electrical & electronics parts aids in the reduction of noise, vibration, and harshness in home appliances.The PEEK market in the Asia Pacific region is estimated to grow at the fastest rate in the forecast period due to a growing demand for the product in countries like China, India, and South Korea. The APAC region’s high growth rate is due to a rise in the level of disposable income, swift industrialization, and growth of the automotive and healthcare sector.Check Our [email protected]
Emergen Research has segmented the global PEEK market on the basis of product type, distribution channel, industry vertical, and region:
Product Type Outlook (Revenue, USD Billion; 2017-2027)Glass FilledCarbon FilledUnfilledOthersDistribution Channel Outlook (Revenue, USD Billion; 2017-2027)OnlineOfflineIndustry Vertical Outlook (Revenue, USD Billion; 2017-2027)Electrical & ElectronicsAerospaceAutomotiveMedicalOil & GasOthersClick to access the Report Study, Read key highlights of the Report and Look at Projected Trends: Outlook (Revenue, USD Billion; 2017-2027)North AmericaU.S.CanadaMexicoEuropeGermanyUKFranceBENELUXRest of EuropeAsia PacificChinaJapanSouth KoreaRest of APACLatin AmericaBrazilRest of LATAMMEASaudi ArabiaUAERest of MEATake a Look at our Related Reports:Spherical graphite market size was valued at USD 2,435.8 Million in 2019 and is forecasted to reach USD 9,598.8 Million by 2027 at a CAGR of 18.6%. The spherical graphite market is observing a double-digit growth attributed to its increasing usage in lithium-ion battery production.Sodium dichromate market size was valued at USD 759.2 Million in 2019 and is forecasted to reach USD 1,242.4 Million by 2027 at a CAGR of 6.3%. The sodium dichromate market is observing high demand attributed to its increasing application in pigment, metal finishing, chromium compounds preparation, leather tanning, and wood preservative.Acoustic insulation market size was valued at USD 12.94 Billion in 2019 and is forecasted to reach USD 19.64 Billion by 2027 at a CAGR of 5.3%. The acoustic insulation market is observing high demand attributed to its increasing application in building & construction, automotive, aerospace, and manufacturing.About Emergen ResearchEmergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.Contact Us:Eric LeeCorporate Sales SpecialistEmergen Research | Web: www.emergenresearch.comDirect Line: +1 (604) 757-9756E-mail: [email protected]Facebook | LinkedIn | Twitter | BlogsRead Full Press [email protected]

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