Product Code: CH 1387
The global polyether ether ketone market is projected to grow from USD 1.50 billion in 2025 to USD 2.14 billion by 2030, at a CAGR of 7.5% during the forecast period. Polyether ether ketone (PEEK) is a high-performance, semi-crystalline thermoplastic polymer renowned for its exceptional combination of mechanical strength, thermal stability, chemical resistance, and biocompatibility. These properties make it a sought-after material in demanding applications across diverse industries. The PEEK market is primarily driven by the increasing demand for lightweight, high-strength materials in the aerospace and automotive sectors, the rising adoption of PEEK in medical implants due to its biocompatibility, and the expanding use of PEEK in the electronics industry for its excellent electrical insulation properties.
Scope of the Report |
Years Considered for the Study | 2021-2030 |
Base Year | 2024 |
Forecast Period | 2025-2030 |
Units Considered | Value (USD Million), Volume (Kilotons) |
Segments | Reinforcement Type and End-use Industry |
Regions covered | North America, Asia Pacific, Europe, Middle East & Africa, and South America |
"The carbon-filled PEEK segment, by reinforcement type, is estimated to account for the second- largest share during the forecast period."
Carbon-filled PEEK (Polyether Ether Ketone) is expected to account for the second-largest share of the market in terms of volume during the forecast period due to its unique combination of enhanced mechanical properties and high-performance capabilities. Carbon-filled PEEK offers superior strength, stiffness, and wear resistance, making it ideal for applications that require components to withstand high stress and mechanical loads. This reinforced material is particularly beneficial in industries such as aerospace, automotive, and electronics, where lightweight and durable materials are essential for improving performance and efficiency. The addition of carbon fibers also enhances its thermal conductivity and dimensional stability, which are critical for applications in harsh environments. Moreover, carbon-filled PEEK exhibits reduced friction and lower thermal expansion, making it suitable for components such as bearings, seals, and structural parts. As industries continue to focus on advanced materials that offer better performance while reducing weight and improving efficiency, the demand for carbon-filled PEEK is expected to grow significantly. This growing demand, combined with its versatility across various high-end applications, positions carbon-filled PEEK to maintain a strong market presence and a substantial share during the forecast period.
"By end user, the automotive segment accounted for the second-largest share during the forecast period."
The automotive segment is expected to account for the second-largest share of the polyether ether ketone (PEEK) market in terms of volume during the forecast period, primarily due to its growing demand for lightweight, durable materials that can enhance vehicle performance while meeting stricter environmental regulations. PEEK's remarkable properties, such as high strength, heat resistance, and dimensional stability, make it an ideal choice for automotive components that require high performance under extreme conditions. Components such as fuel system parts, bearings, seals, and connectors in both conventional and electric vehicles benefit from PEEK's ability to withstand high temperatures, pressures, and aggressive chemicals. As the automotive industry continues to prioritize fuel efficiency and reduce emissions, the need for lightweight materials like PEEK to replace heavier metals is expected to rise. Moreover, the increasing adoption of electric and hybrid vehicles, which demand advanced materials for optimal battery efficiency and overall vehicle performance, further strengthens the market for PEEK in automotive applications. While the segment is not expected to be the largest, its significant demand for high-performance, lightweight components ensures that it will continue to hold a strong position in the market, contributing to overall growth in the PEEK industry.
"North America region is estimated to account for the second largest share during the forecast period."
The North American region is expected to account for the second-largest share of the polyether ether ketone (PEEK) market in terms of volume during the forecast period, driven by the growing demand for high-performance materials across several key industries, particularly aerospace, automotive, and healthcare. The region's strong manufacturing capabilities and technological advancements have led to an increased adoption of PEEK in critical applications that require superior strength, heat resistance, and chemical stability. In the aerospace sector, PEEK's ability to withstand high temperatures and provide lightweight solutions is driving its demand for components such as structural parts, bearings, and seals. Additionally, the automotive industry in North America is increasingly relying on PEEK to meet the demand for lightweight components that improve fuel efficiency and comply with stringent emission regulations. The healthcare industry, particularly in the U.S., is another significant contributor to the market, with PEEK being used in surgical implants, medical devices, and diagnostic equipment due to its biocompatibility. Furthermore, North America benefits from a well-established PEEK supply chain and favorable government policies supporting high-tech manufacturing, further solidifying the region's position in the global PEEK market.
Profile break-up of primary participants for the report:
- By Company Type: Tier 1 - 65%, Tier 2 - 20%, and Tier 3 - 15%
- By Designation: Directors- 25%, Managers- 30%, and Others - 45%
- By Region: North America - 30%, Asia Pacific - 40%, Europe - 20%, Middle East & Africa - 7%, and South America - 3%
Victrex Plc. (UK), Syensqo (Belgium), Evonik Industries AG (Germany), Jilin Joinature Polymer Co., Ltd. (China), and Junhua (China) are some of the major players operating in the polyether ether ketone market. These players have adopted partnerships, agreements, and product launches to increase their market share business revenue.
Research Coverage:
The report defines, segments, and projects the polyether ether ketone market based on reinforcement type, end user, processing method, and region. It provides detailed information regarding the major factors influencing the market's growth, such as drivers, restraints, opportunities, and challenges. It strategically profiles polyether ether ketone manufacturers, comprehensively analyzing their market shares and core competencies, and tracks and analyzes competitive developments, such as partnerships, , agreements, product launches, and joint ventures.
Reasons to Buy the Report:
The report is expected to help the market leaders/new entrants by providing them with the closest approximations of revenue numbers of the polyether ether ketone market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the market's competitive landscape, gain insights to improve the position of their businesses and make suitable go-to-market strategies. It also enables stakeholders to understand the market's pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of critical drivers (growing demand for lightweight and high-performance materials, and rising demand across various end-use industries), restraints (availability of substitute polymers), opportunities (expanding applications in healthcare industry, and the ability of peek to act as a substitute to metal), and challenges (manufacturing and processing complexities) influencing the growth of the polyether ether ketone market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities in the polyether ether ketone market.
- Market Development: Comprehensive information about lucrative markets - the report analyses the polyether ether ketone market across varied regions.
- Market Diversification: Exhaustive information about new products, various types, untapped geographies, recent developments, and investments in the polyether ether ketone market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players such as Victrex Plc. (UK), Syensqo (Belgium), Evonik Industries AG (Germany), Jilin Joinature Polymer Co., Ltd. (China), and Junhua (China), and others in the polyether ether ketone market.
TABLE OF CONTENTS
1 INTRODUCTION
- 1.1 STUDY OBJECTIVES
- 1.2 MARKET DEFINITION
- 1.3 STUDY SCOPE
- 1.3.1 MARKETS COVERED AND REGIONAL SCOPE
- 1.3.2 INCLUSIONS AND EXCLUSIONS
- 1.3.3 YEARS CONSIDERED
- 1.4 CURRENCY CONSIDERED
- 1.5 UNIT CONSIDERED
- 1.6 STAKEHOLDERS
- 1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
- 2.1 RESEARCH DATA
- 2.1.1 SECONDARY DATA
- 2.1.1.1 Key data from secondary sources
- 2.1.2 PRIMARY DATA
- 2.1.2.1 Primary insights
- 2.1.2.2 Breakdown of primary interviews
- 2.2 MATRIX FOR DEMAND-SIDE ANALYSIS
- 2.3 MARKET SIZE ESTIMATION
- 2.3.1 BOTTOM-UP APPROACH
- 2.3.2 TOP-DOWN APPROACH
- 2.3.2.1 Calculations for supply-side analysis
- 2.4 GROWTH FORECAST
- 2.5 DATA TRIANGULATION
- 2.6 RESEARCH ASSUMPTIONS
- 2.7 RESEARCH LIMITATIONS
- 2.8 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
- 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN PEEK MARKET
- 4.2 PEEK MARKET, BY REGION
- 4.3 PEEK MARKET, BY REINFORCEMENT TYPE
- 4.4 PEEK MARKET, BY END-USER
- 4.5 PEEK MARKET, BY COUNTRY
5 MARKET OVERVIEW
- 5.1 INTRODUCTION
- 5.2 MARKET DYNAMICS
- 5.2.1 DRIVERS
- 5.2.1.1 Elevated demand from diverse end-use industries
- 5.2.2 RESTRAINTS
- 5.2.2.1 Availability of substitute polymers
- 5.2.3 OPPORTUNITIES
- 5.2.3.1 Expanding applications in healthcare
- 5.2.3.2 Potential substitute for metals
- 5.2.4 CHALLENGES
- 5.2.4.1 Manufacturing and processing complexities
6 INDUSTRY TRENDS
- 6.1 MACROECONOMIC OUTLOOK
- 6.1.1 GDP
- 6.1.2 R&D EXPENDITURE
- 6.2 SUPPLY CHAIN ANALYSIS
- 6.3 ECOSYSTEM ANALYSIS
- 6.4 PORTER'S FIVE FORCES ANALYSIS
- 6.4.1 BARGAINING POWER OF SUPPLIERS
- 6.4.2 BARGAINING POWER OF BUYERS
- 6.4.3 THREAT OF NEW ENTRANTS
- 6.4.4 THREAT OF SUBSTITUTES
- 6.4.5 INTENSITY OF COMPETITIVE RIVALRY
- 6.5 KEY STAKEHOLDERS AND BUYING CRITERIA
- 6.5.1 KEY STAKEHOLDERS IN BUYING PROCESS
- 6.5.2 BUYING CRITERIA
- 6.6 PRICING ANALYSIS
- 6.6.1 AVERAGE SELLING PRICE TREND, BY REGION
- 6.6.2 AVERAGE SELLING PRICE OF UNFILLED PEEK OFFERED BY KEY PLAYERS
- 6.7 TARIFF AND REGULATORY LANDSCAPE
- 6.7.1 TARIFF ANALYSIS
- 6.7.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- 6.8 KEY CONFERENCES AND EVENTS, 2025-2026
- 6.9 PATENT ANALYSIS
- 6.10 TECHNOLOGY ANALYSIS
- 6.10.1 KEY TECHNOLOGIES
- 6.10.1.1 Biocompatible PEEK
- 6.10.2 ADJACENT TECHNOLOGIES
- 6.10.2.1 Polyetherketoneketone (PEKK)
- 6.11 CASE STUDY ANALYSIS
- 6.11.1 REDUCING COSTS AND ENHANCING EFFICIENCY WITH VICTREX PEEK IN AEROSPACE COMPONENTS
- 6.11.2 INNOVATING PACKING TECHNOLOGY WITH NEXRING MADE FROM VICTREX PEEK
- 6.12 TRADE ANALYSIS
- 6.12.1 IMPORT SCENARIO (HS CODE 290722)
- 6.12.2 EXPORT SCENARIO (HS CODE 290722)
- 6.13 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
- 6.14 INVESTMENT AND FUNDING SCENARIO
- 6.15 IMPACT OF GENERATIVE AI
- 6.15.1 INTRODUCTION
- 6.15.2 MATERIAL INNOVATION AND CUSTOMIZATION
- 6.15.3 PROCESS OPTIMIZATION
- 6.15.4 DEMAND FORECASTING
- 6.16 US 2025 TARIFF
- 6.16.1 KEY TARIFF RATES
- 6.16.2 PRICE IMPACT ANALYSIS
- 6.16.3 IMPACT ON VARIOUS REGIONS
- 6.16.3.1 US
- 6.16.3.2 Europe
- 6.16.3.3 Asia Pacific
- 6.16.4 IMPACT ON END-USE INDUSTRIES
- 6.16.4.1 Electrical & Electronics
- 6.16.4.2 Aerospace
- 6.16.4.3 Automotive
- 6.16.4.4 Medical
- 6.16.4.5 Oil & Gas
7 PEEK MARKET, BY REINFORCEMENT TYPE
- 7.1 INTRODUCTION
- 7.2 GLASS-FILLED
- 7.2.1 EXTENSIVE USE IN AEROSPACE, AUTOMOTIVE, AND ELECTRICAL INDUSTRIES DUE TO HIGH STRENGTH AND THERMAL STABILITY
- 7.3 CARBON-FILLED
- 7.3.1 FLEXURAL AND TENSILE STRENGTH SPUR ADOPTION IN HIGH-PERFORMANCE APPLICATIONS
- 7.4 UNFILLED
- 7.4.1 OPTIMAL MECHANICAL, THERMAL, AND CHEMICAL PROPERTIES BOOST USAGE
- 7.5 OTHER REINFORCEMENT TYPES
8 PEEK MARKET, BY END-USER
- 8.1 INTRODUCTION
- 8.2 ELECTRICAL & ELECTRONICS
- 8.2.1 SURGE IN DEMAND FOR MINIATURIZED, HIGH-EFFICIENCY, AND HIGH-RELIABILITY ELECTRIC COMPONENTS
- 8.3 AEROSPACE
- 8.3.1 NEED TO COMPLY WITH STRINGENT FLAMMABILITY STANDARDS IN AVIATION
- 8.4 AUTOMOTIVE
- 8.4.1 TREND OF SUSTAINABILITY AND ADVANCED MOBILITY
- 8.5 OIL & GAS
- 8.5.1 INCREASED PREFERENCE DUE TO NON-CORROSIVE NATURE, LIGHT WEIGHT, AND LONG SERVICE LIFE
- 8.6 MEDICAL
- 8.6.1 HIGH DEMAND FOR BIOCOMPATIBLE, DURABLE, AND STERILIZABLE MATERIALS
- 8.7 OTHER END-USERS
9 PEEK MARKET, BY PROCESSING METHOD
- 9.1 INTRODUCTION
- 9.2 EXTRUSION
- 9.3 INJECTION MOLDING
- 9.4 OTHER PROCESSING METHODS
10 PEEK MARKET, BY REGION
- 10.1 INTRODUCTION
- 10.2 NORTH AMERICA
- 10.2.1 US
- 10.2.1.1 Strong demand from multiple industries to drive market
- 10.2.2 CANADA
- 10.2.2.1 Robust automotive and aerospace industries to drive market
- 10.2.3 MEXICO
- 10.2.3.1 Concentration of OEMs and auto parts suppliers to drive market
- 10.3 ASIA PACIFIC
- 10.3.1 CHINA
- 10.3.1.1 Growing automotive industry to drive market
- 10.3.2 JAPAN
- 10.3.2.1 Advanced manufacturing capabilities and robust industrial base to drive market
- 10.3.3 INDIA
- 10.3.3.1 Favorable government policies to drive market
- 10.3.4 SOUTH KOREA
- 10.3.4.1 Surplus demand across high-growth industries to drive market
- 10.3.5 AUSTRALIA & NEW ZEALAND
- 10.3.5.1 Focus on sustainable manufacturing practices to drive market
- 10.3.6 REST OF ASIA PACIFIC
- 10.4 EUROPE
- 10.4.1 GERMANY
- 10.4.1.1 Strong automotive manufacturing and assembly capabilities to drive market
- 10.4.2 FRANCE
- 10.4.2.1 Substantial investments in healthcare innovation to drive market
- 10.4.3 UK
- 10.4.3.1 Heightened vehicle production to drive market
- 10.4.4 ITALY
- 10.4.4.1 Need for high-performance materials in oil & gas industry to drive market
- 10.4.5 SPAIN
- 10.4.5.1 Rise in defense modernization and oil exports to drive market
- 10.4.6 REST OF EUROPE
- 10.5 MIDDLE EAST & AFRICA
- 10.5.1 GCC
- 10.5.1.1 Saudi Arabia
- 10.5.1.1.1 Emerging mobility platforms to drive market
- 10.5.1.2 UAE
- 10.5.1.2.1 Expansion of oil production infrastructure to drive market
- 10.5.1.3 Rest of GCC
- 10.5.2 SOUTH AFRICA
- 10.5.2.1 Advancements in automotive, aerospace, and defense industries to drive market
- 10.5.3 REST OF MIDDLE EAST & AFRICA
- 10.6 SOUTH AMERICA
- 10.6.1 BRAZIL
- 10.6.1.1 Booming automotive industry to drive market
- 10.6.2 CHILE
- 10.6.2.1 Shift toward electric vehicles to drive market
- 10.6.3 ARGENTINA
- 10.6.3.1 Government's push for innovation and technology transfer to drive market
- 10.6.4 REST OF SOUTH AMERICA
11 COMPETITIVE LANDSCAPE
- 11.1 INTRODUCTION
- 11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020-2024
- 11.3 REVENUE ANALYSIS, 2020-2024
- 11.4 MARKET SHARE ANALYSIS, 2024
- 11.5 BRAND/PRODUCT COMPARISON
- 11.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
- 11.6.1 STARS
- 11.6.2 EMERGING LEADERS
- 11.6.3 PERVASIVE PLAYERS
- 11.6.4 PARTICIPANTS
- 11.6.4.1 Company footprint
- 11.6.4.2 Region footprint
- 11.6.4.3 Reinforcement type footprint
- 11.6.4.4 End-user footprint
- 11.6.4.5 Processing method footprint
- 11.7 COMPANY EVALUATION MATRIX: START-UPS/SMES, 2024
- 11.7.1 PROGRESSIVE COMPANIES
- 11.7.2 RESPONSIVE COMPANIES
- 11.7.3 DYNAMIC COMPANIES
- 11.7.4 STARTING BLOCKS
- 11.7.5 COMPETITIVE BENCHMARKING
- 11.7.5.1 List of start-ups/SMEs
- 11.7.5.2 Competitive benchmarking of start-ups/SMEs
- 11.8 COMPANY VALUATION AND FINANCIAL METRICS
- 11.9 COMPETITIVE SCENARIO
- 11.9.1 PRODUCT LAUNCHES
- 11.9.2 DEALS
12 COMPANY PROFILES
- 12.1 KEY PLAYERS
- 12.1.1 VICTREX PLC.
- 12.1.1.1 Business overview
- 12.1.1.2 Products offered
- 12.1.1.3 Recent developments
- 12.1.1.3.1 Product launches
- 12.1.1.3.2 Deals
- 12.1.1.4 MnM view
- 12.1.1.4.1 Right to win
- 12.1.1.4.2 Strategic choices
- 12.1.1.4.3 Weaknesses and competitive threats
- 12.1.2 SYENSQO
- 12.1.2.1 Business overview
- 12.1.2.2 Products offered
- 12.1.2.3 Recent developments
- 12.1.2.4 MnM view
- 12.1.2.4.1 Right to win
- 12.1.2.4.2 Strategic choices
- 12.1.2.4.3 Weaknesses and competitive threats
- 12.1.3 EVONIK INDUSTRIES AG
- 12.1.3.1 Business overview
- 12.1.3.2 Products offered
- 12.1.3.3 Recent developments
- 12.1.3.3.1 Product launches
- 12.1.3.3.2 Deals
- 12.1.3.4 MnM view
- 12.1.3.4.1 Right to win
- 12.1.3.4.2 Strategic choices
- 12.1.3.4.3 Weaknesses and competitive threats
- 12.1.4 JILIN JOINATURE POLYMER CO., LTD.
- 12.1.4.1 Business overview
- 12.1.4.2 Products offered
- 12.1.4.3 MnM view
- 12.1.4.3.1 Right to win
- 12.1.4.3.2 Strategic choices
- 12.1.4.3.3 Weaknesses and competitive threats
- 12.1.5 JUNHUA
- 12.1.5.1 Business overview
- 12.1.5.2 Products offered
- 12.1.5.3 MnM view
- 12.1.5.3.1 Right to win
- 12.1.5.3.2 Strategic choices
- 12.1.5.3.3 Weaknesses and competitive threats
- 12.1.6 MITSUBISHI CHEMICAL GROUP
- 12.1.6.1 Business overview
- 12.1.6.2 Products offered
- 12.1.7 AVIENT CORPORATION
- 12.1.7.1 Business overview
- 12.1.7.2 Products offered
- 12.1.8 SURLOINDIA
- 12.1.8.1 Business overview
- 12.1.8.2 Products offered
- 12.1.9 J.K. OVERSEAS
- 12.1.9.1 Business overview
- 12.1.9.2 Products offered
- 12.1.10 CALEDONIAN INDUSTRIES LIMITED
- 12.1.10.1 Business overview
- 12.1.10.2 Products offered
- 12.1.11 RTP COMPANY
- 12.1.11.1 Business overview
- 12.1.11.2 Products offered
- 12.1.12 WESTLAKE PLASTICS
- 12.1.12.1 Business overview
- 12.1.12.2 Products offered
- 12.1.13 DRAKE PLASTICS
- 12.1.13.1 Business overview
- 12.1.13.2 Products offered
- 12.1.13.3 Recent developments
- 12.1.14 AMERICHEM
- 12.1.14.1 Business overview
- 12.1.14.2 Products offered
- 12.1.15 LATI INDUSTRIA TERMOPLASTICI S.P.A.
- 12.1.15.1 Business overview
- 12.1.15.2 Products offered
- 12.1.16 LEHMANN&VOSS&CO.
- 12.1.16.1 Business overview
- 12.1.16.2 Products offered
- 12.1.17 POLYMER INDUSTRIES
- 12.1.17.1 Business overview
- 12.1.17.2 Products offered
- 12.1.18 TORAY PLASTICS PRECISION CO., LTD.
- 12.1.18.1 Business overview
- 12.1.18.2 Products offered
- 12.1.19 TRIDENT PLASTICS INC.
- 12.1.19.1 Business overview
- 12.1.19.2 Products offered
- 12.2 OTHER PLAYERS
- 12.2.1 BIEGLO GMBH
- 12.2.2 ZIBO BAINAISI CHEMICAL CO., LTD
- 12.2.3 PEEKCHINA
- 12.2.4 ZHEJIANG PFLUON TECHNOLOGY CO., LTD.
- 12.2.5 PERFECT POLYMERS
13 ADJACENT AND RELATED MARKETS
- 13.1 INTRODUCTION
- 13.2 LIMITATIONS
- 13.3 INTERCONNECTED MARKETS
- 13.4 POLYARYLETHERKETONE (PAEK) MARKET
- 13.4.1 MARKET DEFINITION
- 13.4.2 MARKET OVERVIEW
- 13.4.3 POLYARYLETHERKETONE (PAEK) MARKET, BY TYPE
14 APPENDIX
- 14.1 DISCUSSION GUIDE
- 14.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- 14.3 CUSTOMIZATION OPTIONS
- 14.4 RELATED REPORTS
- 14.5 AUTHOR DETAILS