peek market

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PEEK Market Size Worth USD 1,225.7 Million by 2027
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Market Size USD 721.4 Million in 2019, Market
Growth - CAGR of 6.8, Market Trends Increasing
demand from the automotive industry
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Our Model
Market Analysis
Financial Analysis
Distribution Channel Analysis
Brand Analysis
Custom Market Intelligence
Competitor Analysis
Product Analysis
Custom Research
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Demand Analysis
Risk Analysis
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Business Plan Parameters
End Use Analysis
Demand Availability Analytics
Market Entry Strategy
Restructuring Revival
New Product Strategy
Product Planning / Strategy
SWOT Analysis
Marketing / Distribution Channel Feasibility
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Customer Identification Survey
Competitive Landscape / MA Feasibility
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Industries We Cater to
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Market Summary
The global PEEK market is projected to be worth
USD 1,225.7 Million by 2027, 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 automotive industry.  A growing emphasis
on safety standards and eco-friendliness is a
critical factor driving the demand for PEEK in
the automotive industry, which consistently
focuses on reducing manufacturing costs and
improving efficiency and durability to provide
prolonged warranties. The growing necessity for
automotive weight reduction, fueled by the need
to have better mileage and lower carbon dioxide
emissions, are causative of the miniaturization
of the automotive component and modules and
functional incorporation. Consequently, OEMs are
focusing on advanced and innovative materials
such as PEEK, possessing lightweight and high
specific strength to manufacture cost-effective
parts with enhanced performance.
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Market Summary
Key Highlights From The Report In October 2019,
Solvay launched KetaSpire PEEK XT, which
provides the benefits of standard PEEKs chemical
resistance and improved strength and rigidity at
higher temperatures. PEEK plastic gives a
maximum weight saving of 80.0 than metals. The
lightweight characteristic, along with low
friction and wear rate and exceptional resistance
to corrosion, can enhance the total transmission
efficiency. Peek Polymers maintains its physical
form and physical characteristics under
tremendously high temperatures up to 480 degrees
Centigrade. It is approved by the FDA for use in
the food beverage industry. Also, it is
resistant to harsh chemicals and emits
significantly less amount of toxic-gases. Europe
contributed to significant market share in 2019
attributed to stringent regulatory policies and
technological innovations in the aerospace and
automotive industries. Key participants include
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. Request Free Sample Copy_at_
https//www.emergenresearch.com/request-sample/297

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Market Summary
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 Filled Carbon Filled Unfilled Oth
ers Distribution Channel Outlook (Revenue, USD
Billion 2017-2027) Online Offline Industry
Vertical Outlook (Revenue, USD Billion
2017-2027) Electrical Electronics Aerospace Auto
motive Medical Oil Gas Others Read More_at_
https//www.emergenresearch.com/industry-report/po
lyether-ether-ketone-market
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Parameter Details
Market Size Estimation Period 2020-2028
Base Year Considered 2020
Historical Data 2017-2019
Forecast Period 2021-2028
Quantitative Units Revenue in USD million CAGR from 2020 to 2028
Segments Covered Types, Application, End-Users, Regions more.
Countries Included The U.S., Germany, U.K., Italy, China, India, Japan, Brazil
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Regions Scope North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Customization Scope 10 hours of free customization expert consultation
Pricing and Purchase Options Explore Different Purchase Options Request for Discount to Avail New Year Discount
MARKET SEGMENTATION
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Regional Share Dynamics
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