Polyetheretherketone, or polyether ether ketone, is a colorless semi-crystalline poly-aromatic thermoplastic polymer with excellent thermal and mechanical resistance. Polyetheretherketone can tolerate high temperatures of up to 500?F, allowing it to be utilized in sterilizing equipment and autoclaves with boiling water or superheated steam. Polyetheretherketone is easily machinable in its solid state. Polyetheretherketone filled grades, for example, can be machined with a CNC milling machine to make high-quality plastic parts that are thermally and electrically stable. It is increasingly used in biomedical applications such as orthopaedic surgery, spine surgery, and maxillo-facial surgery due to its strong performance.
MARKET SCOPE
The "Global Polyetheretherketone Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the polyetheretherketone market with detailed market segmentation by type and end use industry. The report provides key statistics on the market status of the leading polyetheretherketone market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global polyetheretherketone market is segmented into glass reinforced,carbon fiber reinforced, unfilled, others.
- On the basis of category, the market is segmented into electrical and electronics, aerospace, automotive, oil & gas, medical, others.
MARKET DYNAMICS
Drivers
- In the automobile and aerospace industries, polyetheretherketone is utilised to make a variety of interior and exterior components. The strong heat resistance, light weight, dimensional stability, and chemical resistance of polyetheretherketone are its most prized features. It is critical in the aerospace sector to choose materials that are fire resistant and generate less smoke and harmful substances in the event of a fire. Because polyetheretherketone meets these critical criteria, it is in considerable demand in the aerospace industry.
Restraints
- Because of the high cost of manufacture, mid- and small-scale market players are unable to enter the polyetheretherketone market, reducing its size.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The polyetheretherketone market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the polyetheretherketone market in these regions.
IMPACT OF COVID-19 ON POLYETHERETHERKETONE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the polyetheretherketone market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from polyetheretherketone market are anticipated to lucrative growth opportunities in the future with the rising demand for polyetheretherketone in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the polyetheretherketone market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Victrex plc
- Solvay S.A.
- Evonik Industries AG
- Panjin Zhongrun High Performance Polymers Co. Ltd.,
- Celanese Corporation
- SABIC
- Zyex Ltd.,
- Caledonian Industries Ltd.,
- Quadrant EPP Surlon India Ltd.,
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.