Polyaryletherketone Market Research Report- Forecast to 2027

Polyaryletherketone market research report: by product (PEEK, PEK, PEKK and Others) by application (Automotive, Aerospace, Medical, Military Weapons, Electrical and Electronics, General Engineering and Others) – Forecast till 2027

ID: MRFR/CnM/3925-HCR | February 2021 | Region: Global | 139 pages

Synopsis of Polyaryletherketone Market:


Asia Pacific holds a major share of the market and is expected to be the fastest growing region with an encouraging CAGR.

Polyaryletherketone, also known as PAEK is a semi crystalline thermoplastic material that possesses high mechanical strength and enhanced temperature stability. Polyaryletherketone are mainly produced by two processes– nucleophilic and electrophilic. PAEK can be processed through all types of thermoplastic processes such as extrusion, injection molding, transfer molding, and compression molding. Polyaryletherketone are extensively used in various applications owing to their excellent properties such as chemical and corrosion resistance, high temperature resistance, low toxic emissions and high mechanical strength among others. It is used in seals, valve parts, gears, compressor rings, bearings, wire coatings and other drilling components. The low heat output also enables the use of polyaryletherketone in the aviation applications. Moreover, it is widely used in medical devices owing to its excellent resistance to hydrolysis.


The growing demand for polyaryletherketone in various end use industries is the major factor driving the market growth during the forecast years. Moreover, the growing automotive and oil & gas industries in the developing regions are expected to substantially contribute to the growth of the polyaryletherketone market. In addition to this, the growing defense budget throughout the globe has augmented the use of polyaryletherketone in military weapons which is also adding to the market growth.


 Among the various application segments in polyaryletherketone market, automobile is leading and is anticipated to continue its dominance over the forecast period. Properties such as thermal & mechanical stability and high tensile strength makes them suitable for their use in automobiles. Polyaryletherketone are extensively used in rotor arms, alternator covers, shock absorbers, seals & thrust washers among others. The replacement of metals with polyaryletherketone helps in reduction of weight which in turn enhances the fuel efficiency of automobiles. 


The Global Polyaryletherketone Market Share, by Product Type


 Polyaryletherketone


Source: MRFR analysis


Regional Analysis:  


The polyaryletherketone market is segmented into five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Growing population and the increasing per capita disposable income in the developing nations are primarily driving the growth of the polyaryletherketone market. Moreover, the increasing demand for polyaryletherketone in the automobile and electronic industry mainly in countries such as India, China, and Japan is propelling the market growth. Furthermore, factors such as competitive manufacturing cost and encouraging government regulations are a few other factors contributing to the growth of the market in this region. In addition to this, the growing defense budget coupled with increasing application of polyaryletherketone in military weapons is also surging the market growth.


North America is a dominant region in the global market, exhibiting an expanding CAGR. The presence of three big automobile companies namely General Motors, Ford, and Fiat Chrysler have further augmented the overall demand for polyaryletherketone from the automobile industry. Furthermore, developed end user industries such as electrical & electronics and pharmaceutical, coupled with the increasing adoption rate are other factors are adding to the growth of the market. The overall growth of this market is attributed to the presence of countries like the U.S. and Canada.


The European region is a lucrative market and is mainly driven by a well-developed automobile and electrical & electronic industry. Additionally, the growing application of polyaryletherketone in the phramaceuticals and medical devices such as implant borne and prosthetic frame has further augmented the growth of the market. Moreover, the increasing defence investment in the European region is futher expected to add to the market growth.


Key Players:



  • Victrex Plc (U.K),


  • Solvay (Belgium),


  • Arkema Group (France),


  • JK Overseas (India),


  • Quadrant AG (Switzerland),


  • Gharda Chemicals Ltd (India),


  • Evonik Industries AG (Germany),


  • Caledonian Industries Ltd (U.K),  


  • Zyex Ltd (U.K),


  • Panjin Zhongrun High Performance Polymers Co Ltd (China)



Segmental Analysis:


The global Polyaryletherketone market is segmented into product type, and application. On the basis of the product type, the market is segregated into polyether ether ketone (PEEK), polyetherketone (PEK), polyetherketoneketone (PEKK) and others. The market by application is segmented into automotive, general engineering, aerospace, electrical & electronics, medical, military weapons and others.


 


Geographical Analysis:


The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.


Intended Audience:



  • Polyaryletherketone  market manufacturers

  • Traders and Distributors of Polyaryletherketone market

  • Production process industries

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratory 



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant value
  CAGR   2019–2027: Substantial CAGR
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Product, Application and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Victrex Plc (U.K), Solvay (Belgium), Arkema Group (France), JK Overseas (India), Quadrant AG (Switzerland), Gharda Chemicals Ltd (India), Evonik Industries AG (Germany), Caledonian Industries Ltd (U.K), Zyex Ltd (U.K), Panjin Zhongrun High Performance Polymers Co Ltd (China)
  Key Market Opportunities   The growing automotive and oil & gas industries in the developing regions are expected to substantially contribute to the growth
  Key Market Drivers   The growing demand for polyaryletherketone in various end use industries is the major factor driving the market growth


Speak to Analyst Ask for Customization

Frequently Asked Questions (FAQ) :


Major product types in the polyaryletherketone market include PEEK, PEK, PEKK, and others.

Major applications of PAEK include electrical and electronics, automotive, general engineering, aerospace, military weapons, and medical.

Growing demand from the automotive industry is the major driver for the PAEK market.

Asia Pacific is the dominant regional market for PAEK, followed by North America.

Leading players in the market include Victrex, Solvay, and Arkema, among others.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.2 Value Chain/Supply Chain of Global Polyaryletherketone Market

5 Industry Overview of Global Polyaryletherketone Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global Polyaryletherketone Market by Product Type

7.1 Introduction

7.2 Polyether ether ketone (PEEK)

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Polyetherketone (PEK)

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

7.4 Polyetherketoneketone (PEKK)

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast by Region, 2020-2027

7.5 Others

7.5.1 Market Estimates & Forecast, 2020-2027

7.5.2 Market Estimates & Forecast by Region, 2020-2027

8. Global Polyaryletherketone Market by Application

8.1 Introduction

8.2 Automotive

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Region, 2020-2027

8.3 General engineering

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Region, 2020-2027

8.4 Aerospace

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast by Region, 2020-2027

8.5 Electrical & electronics

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast by Region, 2020-2027

8.6 Medical

8.6.1 Market Estimates & Forecast, 2020-2027

8.6.2 Market Estimates & Forecast by Region, 2020-2027

8.7 Military weapons

8.7.1 Market Estimates & Forecast, 2020-2027

8.7.2 Market Estimates & Forecast by Region, 2020-2027

8.8 Others

8.8.1 Market Estimates & Forecast, 2020-2027

8.8.2 Market Estimates & Forecast by Region, 2020-2027

9. Global Polyaryletherketone Market by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020-2027

9.2.2 Market Estimates & Forecast by Product Type, 2020-2027

9.2.3 Market Estimates & Forecast by Application, 2020-2027

9.2.4 U.S.

9.2.4.1 Market Estimates & Forecast, 2020-2027

9.2.4.2 Market Estimates & Forecast by Product Type, 2020-2027

9.2.4.3 Market Estimates & Forecast by Application, 2020-2027

9.2.5 Mexico

9.2.5.1 Market Estimates & Forecast, 2020-2027

9.2.5.2 Market Estimates & Forecast by Product Type, 2020-2027

9.2.5.3 Market Estimates & Forecast by Application, 2020-2027

9.2.6 Canada

9.2.6.1 Market Estimates & Forecast, 2020-2027

9.2.6.2 Market Estimates & Forecast by Product Type, 2020-2027

9.2.6.3 Market Estimates & Forecast by Application, 2020-2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020-2027

9.3.2 Market Estimates & Forecast by Product Type, 2020-2027

9.3.3 Market Estimates & Forecast by Application, 2020-2027

9.3.4 Germany

9.3.4.1 Market Estimates & Forecast, 2020-2027

9.3.4.2 Market Estimates & Forecast by Product Type, 2020-2027

9.3.4.3 Market Estimates & Forecast by Application, 2020-2027

9.3.5 France

9.3.5.1 Market Estimates & Forecast, 2020-2027

9.3.5.2 Market Estimates & Forecast by Product Type, 2020-2027

9.3.5.3 Market Estimates & Forecast by Application, 2020-2027

9.3.6 Italy

9.3.6.1 Market Estimates & Forecast, 2020-2027

9.3.6.2 Market Estimates & Forecast by Product Type, 2020-2027

9.3.6.3 Market Estimates & Forecast by Application, 2020-2027

9.3.7 Spain

9.3.7.1 Market Estimates & Forecast, 2020-2027

9.3.7.2 Market Estimates & Forecast by Product Type, 2020-2027

9.3.7.3 Market Estimates & Forecast by Application, 2020-2027

9.3.8 U.K

9.3.8.1 Market Estimates & Forecast, 2020-2027

9.3.8.2 Market Estimates & Forecast by Product Type, 2020-2027

9.3.8.3 Market Estimates & Forecast by Application, 2020-2027

9.3.9 Rest of Europe

9.3.9.1 Market Estimates & Forecast, 2020-2027

9.3.9.2 Market Estimates & Forecast by Product Type, 2020-2027

9.3.9.3 Market Estimates & Forecast by Application, 2020-2027

9.4 Asia Pacific

9.4.1 Market Estimates & Forecast, 2020-2027

9.4.2 Market Estimates & Forecast by Product Type, 2020-2027

9.4.3 Market Estimates & Forecast by Application, 2020-2027

9.4.4 China

9.4.4.1 Market Estimates & Forecast, 2020-2027

9.4.4.2 Market Estimates & Forecast by Product Type, 2020-2027

9.4.4.3 Market Estimates & Forecast by Application, 2020-2027

9.4.5 India

9.4.5.1 Market Estimates & Forecast, 2020-2027

9.4.5.2 Market Estimates & Forecast by Product Type, 2020-2027

9.4.5.3 Market Estimates & Forecast by Application, 2020-2027

9.4.6 Japan

9.4.6.1 Market Estimates & Forecast, 2020-2027

9.4.6.2 Market Estimates & Forecast by Product Type, 2020-2027

9.4.6.3 Market Estimates & Forecast by Application, 2020-2027

9.4.7 Australia

9.4.7.1 Market Estimates & Forecast, 2020-2027

9.4.7.2 Market Estimates & Forecast by Product Type, 2020-2027

9.4.7.3 Market Estimates & Forecast by Application, 2020-2027

9.4.8 New Zealand

9.4.8.1 Market Estimates & Forecast, 2020-2027

9.4.8.2 Market Estimates & Forecast by Product Type, 2020-2027

9.4.8.3 Market Estimates & Forecast by Application, 2020-2027

9.4.9 Rest of Asia Pacific

9.4.9.1 Market Estimates & Forecast, 2020-2027

9.4.9.2 Market Estimates & Forecast by Product Type, 2020-2027

9.4.9.3 Market Estimates & Forecast by Application, 2020-2027

9.5 The Middle East & Africa

9.5.1 Market Estimates & Forecast, 2020-2027

9.5.2 Market Estimates & Forecast by Product Type, 2020-2027

9.5.3 Market Estimates & Forecast by Application, 2020-2027

9.5.4 Turkey

9.5.4.1 Market Estimates & Forecast, 2020-2027

9.5.4.2 Market Estimates & Forecast by Product Type, 2020-2027

9.5.4.3 Market Estimates & Forecast by Application, 2020-2027

9.5.5 Israel

9.5.5.1 Market Estimates & Forecast, 2020-2027

9.5.5.2 Market Estimates & Forecast by Product Type, 2020-2027

9.5.5.3 Market Estimates & Forecast by Application, 2020-2027

9.5.6 North Africa

9.5.6.1 Market Estimates & Forecast, 2020-2027

9.5.6.2 Market Estimates & Forecast by Product Type, 2020-2027

9.5.6.3 Market Estimates & Forecast by Application, 2020-2027

9.5.7 GCC

9.5.7.1 Market Estimates & Forecast, 2020-2027

9.5.7.2 Market Estimates & Forecast by Product Type, 2020-2027

9.5.7.3 Market Estimates & Forecast by Application, 2020-2027

9.5.8 The Middle East & Africa

9.5.8.1 Market Estimates & Forecast, 2020-2027

9.5.8.2 Market Estimates & Forecast by Product Type, 2020-2027

9.5.8.3 Market Estimates & Forecast by Application, 2020-2027

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2020-2027

9.6.2 Market Estimates & Forecast by Product Type, 2020-2027

9.6.3 Market Estimates & Forecast by Application, 2020-2027

9.6.4 Brazil

9.6.4.1 Market Estimates & Forecast, 2020-2027

9.6.4.2 Market Estimates & Forecast by Product Type, 2020-2027

9.6.4.3 Market Estimates & Forecast by Application, 2020-2027

9.6.5 Argentina

9.6.5.1 Market Estimates & Forecast, 2020-2027

9.6.5.2 Market Estimates & Forecast by Product Type, 2020-2027

9.6.5.3 Market Estimates & Forecast by Application, 2020-2027

9.6.6 Rest of Latin America

9.6.6.1 Market Estimates & Forecast, 2020-2027

9.6.6.2 Market Estimates & Forecast by Product Type, 2020-2027

9.6.6.3 Market Estimates & Forecast by Application, 2020-2027

10. Company Landscape

11. Company Profiles

11.1 Victrex Plc

11.1.1 Company Overview

11.1.2 Product Type/Business Segment Overview

11.1.3 Financial Updates

11.1.4 Key Developments

11.2 Solvay

11.2.1 Company Overview

11.2.2 Product Type/Business Segment Overview

11.2.3 Financial Updates

11.2.4 Key Developments

11.3 Arkema Group

11.3.1 Company Overview

11.3.2 Product Type/Business Segment Overview

11.3.3 Financial Updates

11.3.4 Key Developments

11.4 JK Overseas

11.4.1 Company Overview

11.4.2 Product Type/Business Segment Overview

11.4.3 Financial Updates

11.4.4 Key Developments

11.5 Quadrant AG

11.5.1 Company Overview

11.5.2 Product Type/Business Segment Overview

11.5.3 Financial Updates

11.5.4 Key Developments

11.6 Gharda Chemicals Ltd

11.6.1 Company Overview

11.6.2 Product Type/Business Segment Overview

11.6.3 Financial Updates

11.6.4 Key Developments

11.7 Evonik Industries AG

11.7.1 Company Overview

11.7.2 Product Type/Business Segment Overview

11.7.3 Financial Updates

11.7.4 Key Developments

11.8 Caledonian Industries Ltd

11.8.1 Company Overview

11.8.2 Product Type/Business Segment Overview

11.8.3 Financial Updates

11.8.4 Key Developments

11.9 Zyex Ltd

11.9.1 Company Overview

11.9.2 Product Type/Business Segment Overview

11.9.3 Financial Updates

11.9.4 Key Developments

11.10 Panjin Zhongrun High Performance Polymers Co Ltd

11.10.1 Company Overview

11.10.2 Product Type/Business Segment Overview

11.10.3 Financial Updates

11.10.4 Key Developments

12 Conclusion

LIST OF TABLES

Table 1 World Population by Major Regions (2020 To 2027)

Table 2 Global Polyaryletherketone Market: By Region, 2020-2027

Table 3 North America Polyaryletherketone Market: By Country, 2020-2027

Table 4 Europe Polyaryletherketone Market: By Country, 2020-2027

Table 5 Asia Pacific Polyaryletherketone Market: By Country, 2020-2027

Table 6 The Middle East & Africa Polyaryletherketone Market: By Country, 2020-2027

Table 7 Latin America Polyaryletherketone Market: By Country, 2020-2027

Table 8 Global Polyaryletherketone by Product Type Market: By Regions, 2020-2027

Table 9 North America Polyaryletherketone by Product Type Market: By Country, 2020-2027

Table10 Europe Polyaryletherketone by Product Type Market: By Country, 2020-2027

Table11 Asia Pacific Polyaryletherketone by Product Type Market: By Country, 2020-2027

Table12 The Middle East & Africa Polyaryletherketone by Product Type Market: By Country, 2020-2027

Table13 Latin America Polyaryletherketone by Product Type Market: By Country, 2020-2027

Table14 Global Polyaryletherketone by Application Market: By Regions, 2020-2027

Table15 North America Polyaryletherketone by Application Market: By Country, 2020-2027

Table16 Europe Polyaryletherketone by Application Market: By Country, 2020-2027

Table17 Asia Pacific Polyaryletherketone by Application Market: By Country, 2020-2027

Table18 The Middle East & Africa Polyaryletherketone by Application Market: By Country, 2020-2027

Table19 Latin America Polyaryletherketone by Application Market: By Country, 2020-2027

Table20 Global Polyaryletherketone by Application Market: By Regions, 2020-2027

Table21 Global Product Type Market: By Region, 2020-2027

Table22 Global Application Market: By Region, 2020-2027

Table23 Global End-use Market: By Region, 2020-2027

Table24 North America Polyaryletherketone Market, By Country

Table25 North America Polyaryletherketone Market, By Product Type

Table26 North America Polyaryletherketone Market, By Application

Table27 North America Polyaryletherketone Market, By End-use

Table28 Europe: Polyaryletherketone Market, By Country

Table29 Europe: Polyaryletherketone Market, By Product Type

Table30 Europe: Polyaryletherketone Market, By Application

Table31 Europe: Polyaryletherketone Market, By End-use

Table32 Asia Pacific: Polyaryletherketone Market, By Country

Table33 Asia Pacific: Polyaryletherketone Market, By Product Type

Table34 Asia Pacific: Polyaryletherketone Market, By Application

Table35 Asia Pacific: Polyaryletherketone Market, By End-use

Table36 The Middle East & Africa: Polyaryletherketone Market, By Country

Table37 The Middle East & Africa Polyaryletherketone Market, By Product Type

Table38 The Middle East & Africa Polyaryletherketone Market, By Application

Table39 The Middle East & Africa: Polyaryletherketone Market, By End-use

Table41 Latin America: Polyaryletherketone Market, By Country

Table42 Latin America Polyaryletherketone Market, By Product Type

Table43 Latin America Polyaryletherketone Market, By Application

Table44 Latin America: Polyaryletherketone Market, By End-use

LIST OF FIGURES

FIGURE 1 Global Polyaryletherketone market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Polyaryletherketone Market

FIGURE 4 Value Chain of Global Polyaryletherketone Market

FIGURE 5 Share of Global Polyaryletherketone Market in 2020, by country (in %)

FIGURE 6 Global Polyaryletherketone Market, 2020-2027,

FIGURE 7 Sub segments of Product Type

FIGURE 8 Global Polyaryletherketone Market size by Product Type, 2020

FIGURE 9 Share of Global Polyaryletherketone Market by Product Type, 2020-2027

FIGURE 10 Global Polyaryletherketone Market size by Application, 2020

FIGURE 11 Share of Global Polyaryletherketone Market by Application, 2020-2027