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. Moreover, PEEK, with its exceptional ductility and high fatigue strength, is beneficial in lowering maintenance resulting in uptime and increased productivity. Superior combination of high fatigue strength and ductility.
The report offers insightful information about the market dynamics of the Polyaryletherketone market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Polyaryletherketone market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Polyaryletherketone market. It puts examines drivers and restraints of the Polyaryletherketone market and analyzes their impact on the industry throughout the forecast period.
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Key Players operating in the industry are:
Arkema, SABIC, Solvay, Celanese Corporation, Ensinger, Victrex plc, Evonik, Mitsubishi Chemical Advanced Materials, AKRO-PLASTIC GmbH, and Nanoshel LLC
Radical Features of the Polyaryletherketone Market Report:
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Segmentation:
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