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(I-AutoNewsWire.com, September 11, 2019 )
Market Overview:
Polyether ether ketone (PEEK) is a semi-crystalline and opaque, high-performance engineering thermoplastic which is lethargic and a thermally stable polymer. It is a transparent organic thermoplastic polymer from poly aryl ether ketone family.
These polymers are obtained from dialkylation of bisphenol salts by step-growth polymerization. It is the most commonly used in high-temperature applications which require a combination of superior thermal, combustion and chemical properties.
Market Dynamics:
Polyether ether ketone is hard and stiff with excellent chemical resistance, inherently low flammability and smoke emission.
The use of polyether ether ketone facilitates weight reduction, lower fuel consumption, and lower carbon dioxide emission.
Additionally, growing global consumer awareness regarding environment-protection and the demand for fuel-efficient, lightweight vehicles have enforced the manufacturers in the automotive sector to cut the weight of the cars all these factors are boosting the market.
Below statistics illustrates the information about the global light vehicle production between 2015 and 2023. It is predicted to reach approximately 112 million units by 2023.
Low resistant to UV light and high cost are the major factors hindering the market. Additionally, PEEK emits little smoke or toxic gas when exposed to flame.
Segmentation Analysis:
Based on an application, the polyether ether ketone market is segmented into
• Automotive industry,
• Electric & electronic industry,
• Medical industry,
• Others.
Based on the type, the polyether ether ketone market has been segmented into
• Glass filled
• Unfilled
• Carbon filled
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Geographical Analysis:
Polyether Ether Ketone market is segmented by geographic region which includes
• North America
• South America
• Europe
• Asia-Pacific
• Middle East & Africa.
Competitive Trends:
Prominent players in global polyether ether ketone market
• Solvay SA
• Evonik Industries AG
• Victrex plc
• Schulman Inc
• Mitsubishi Chemical Corporation
• Others.
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