PEEK Market is Forecasted to Reach US$ 872 Million in 2030, Says Stratview Research

Stratview Research, a global market research firm has launched a report on the global PEEK market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Market Statistics:

Market Size in 2024: US$ 601 million

Market Size in 2030: US$ 872 million

Growth (CAGR6.3% during 2025-2030

Leading End-Use Industry Type: Automotive

Leading Form Type: Compounds

Leading Region: Asia-Pacific

Forecast Period: 2025-2030

Trend Period: 2019-2023

Base Year: 2024

Number of Segments Covered: 3

Number of Tables & Graphs: 100+

Country-Level Market Assessment: 20

Segment Insights on the PEEK Market:

The global PEEK market is segmented based on end-use industry type, form type, and region.

Based on end-use industry type – The automotive industry is expected to remain dominant, whereas the aerospace and medical industries are anticipated to be the fastest-growing end-use industries during the forecast period. Implementing strict emission laws has increased rapidly, particularly in North America and Europe. The automotive industry is constantly seeking materials to help reduce the vehicle's weight, achieve greater fuel efficiency, and comply with these strict emission regulations. Even though engineering polymers meet the requirements for weight reduction, the need for PEEK's robust heat resistance arises from the need to make under-the-hood components more compact. Here is where PEEK rises to the occasion and is, hence, consistently gaining traction.

Based on form type – Compounds grabbed a major chunk of the market in 2024. UD tape is estimated to experience the highest growth between 2025 and 2030. To meet the needs of high-precision, heat-resistant, corrosion-resistant, wear-resistant, fatigue-resistant, and impact-resistant in manufacturing parts of the engineering, the composite strengthening modifications of compounding, filling, and fiber lamination are often carried out PEEK to obtain superior materials. PEEK can be blended with polymers such as polytetrafluoroethylene (PTFE), polyethersulfone (PESU), liquid crystal polymer (LCP), polyetherimide (PEI), etc.; it can also be blended with carbon fiber (CF), glass fiber (GF), whiskers to achieve compound reinforcements, thereby forming more superior composite materials; it can also fill micron and nanoscale inorganic particles, such as Al2O3, CuO, etc., to improve its tribological properties while improving the properties of rigidity, dimensional stability and impact strength of PEEK, thereby further expanding its scope of application.

To know the most attractive segments, click here for a free sample of the report:

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is expected to remain the largest market for PEEK during the forecast period. This growth outlook is majorly attributed to the following–

-         Victrex, Solvay, and Evonik account for >80% of the world’s PEEK production capacity, and China’s production capacity accounts for >10%.

-         Most of the player’s manufacturing plants are located in the Asia-Pacific region. Solvay (one of two plants in India), Panjin Zhongrun (China), Jilin Zhongyan or ZYPEEK (China), Evonik (Jida Evonik High-Performance Polymers Co., Ltd, in China and Daicel Evonik in Japan), and Kingfa (China) are some of the key players whose manufacturing plants are in the region.

-         Also, Asia-Pacific’s avid efforts to emerge as a front-runner in various industries such as electronics and aerospace are continually giving rise to new and accordant demand.

PEEK Market Drivers:

Some of the key drivers listed in the report are given below.

·      Its wide array of advantages

·      Wide adoption in several industries

·      High suitability as a substitute for metals

·      Increasing demand in high-performance industries such as aerospace

Top 6 Companies in the PEEK Market:

Stratview Research has identified the following companies as the top market players (arranged alphabetically).

• Victrex PLC
• Syensqo
• Evonik Industries
• Jilin Joinature Polymer Co., Ltd. or ZYPEEK
• Panjin Zhongrun Chemical Co Ltd.
• Kingfa Science & Technology Limited

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the Polyimide film market, answering critical questions like

-      How big is the sales opportunity?

-      Which regions offer the best sales opportunities?

-      Which are the most attractive market segments?

-      Which are the top players and their market positioning?

-      How complex is the business environment?

-      What are the factors affecting the market?

For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

Related Reports:

·      High-Performance Thermoplastic Composites Market

·      PAEK Market

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About us –

Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

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