Polyether Ether Ketone (PEEK) market 2021

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PEEK Market Expected to reach 664.3 Million USD
by 2021
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The report "PEEK Market by Type (Glass Filled,
Carbon Filled, Unfilled), End User (Electrical
Electronics, Aerospace, Automotive, Oil Gas,
Medical), Region (Europe, North America,
Asia-Pacific, Middle East, South America, Africa)
- Global Forecast to 2021", The global Polyether
Ether Ketone (PEEK) market is projected to reach
USD 664.3 Million by 2021, at a CAGR of 6.3 from
2016 to 2021. https//www.marketsandmarkets.com/M
arket-Reports/polyether-ether-ketone-market-928.ht
mlEarly buyers will receive 10 customization
on this report.                      
                    
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The global PEEK market is driven by the strong
growth in the demand for light weight high
performance materials across various end-use
sectors, especially electrical electronics,
aerospace, automotive, oil gas, and medical.
Advancements in terms of product innovations and
technologies in the market are also expected to
create strong investment opportunities for global
players. Electrical electronics is the largest
end user segment of the global PEEK market Based
on end users, the PEEK market has been segmented
into electrical electronics, aerospace,
automotive, oil gas, medical, and others. The
electrical electronics segment accounted for
the largest share of the PEEK market in 2015 and
is projected to be the fastest-growing segment
from 2016 to 2021. PEEK has various applications
in the electrical electronics industry,
including electrical connectors, cable sheaths,
computer machinery, transformers, and so on.
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Glass filled was the largest type segment of the
PEEK market Based on type, the PEEK market has
been segmented into glass filled, carbon filled,
and unfilled. Glass filled is the most common
PEEK type and is projected to grow at the highest
CAGR during the forecast period. It is widely
used in the electrical electronics, and
transportation (aerospace and automotive)
industries. The Asia-Pacific is the fastest
growing market for PEEK from 2016 to 2021 The
Asia-Pacific region is emerging as the leading
consumer of PEEK due to the increasing demand
from domestic markets. Increasing applications of
PEEK in the electrical electronics, aerospace,
and automotive applications are expected to bring
new opportunities to the market. In addition,
countries such as China and South Korea are known
as the major hubs for the production of
electronic components. Moreover, the high
economic growth rate, growing manufacturing
industries, cheap labor, the growing electronics
market, and the global shift of consumption and
production capacities from the developed markets
to emerging markets are a few factors leading to
the growth in demand for PEEK in the Asia-Pacific
region.
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For more information, download PDF brochure at
https//www.marketsandmarkets.com/pdfdownload.asp?
id928 The key players operational in the PEEK
market include Victrex plc (U.K.), Solvay S.A.
(Belgium), Evonik Industries AG (Germany), and
Panjin Zhongrun High Performance Polymers Co.
Ltd., (China), among others. The objectives of
this study are To define, describe, and forecast
the global PEEK market based on end user, type,
and region To provide detailed information
regarding the key factors influencing the growth
of the market, such as drivers, restraints,
opportunities, and industry-specific
challenges To strategically analyze micromarkets
with respect to individual growth trends, future
prospects, and contribution to the entire
market To analyze the opportunities in the market
for stakeholders and draw a competitive landscape
for market leaders To forecast the market size in
terms of volume and value with respect to the
main regions (along with countries), namely,
Asia-Pacific, North America, Europe, the Middle
East, South America, and Africa
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