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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Competitive Landscape:

Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.

Key players involved in the market such as 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.

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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

Others

Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)

Online

Offline

Industry Vertical Outlook (Revenue, USD Billion; 2017-2027)

Electrical & Electronics

Aerospace

Automotive

Medical

Oil & Gas

Others

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Key Parameters Analyzed in This Section:

Company Profiles

Gross Revenue

Profit margins

Product sales trends

Product pricing

Industry Analysis

Sales & distribution channels

Regional Bifurcation of the PEEK Market Includes:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Research Report on the PEEK Market Addresses the Following Key Questions:

Who are the dominant players of the PEEK market?

Which regional market is anticipated to have a high growth rate over the projected period?

What consumer trends and demands are expected to influence the operations of the market players in the PEEK market?

What are the key growth drivers and restraining factors of the PEEK market?

What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?

What is the overall impact of the COVID-19 pandemic on the PEEK market and its key segments?

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