Market Overview:
The global polyaryletherketone market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for polyaryletherketone in the automotive, aerospace, and medical equipment industries. Additionally, the growing demand for high-performance plastics is also contributing to the growth of this market. On the basis of type, medical grade accounted for a majority share of the global polyaryletherketone market in 2017. This segment is projected to grow at a CAGR of 7% from 2018 to 2030 owing to its properties such as biocompatibility and non-toxicity which make it suitable for use in medical devices and implants.
Product Definition:
Polyaryletherketone is a high performance engineering thermoplastic that is known for its exceptional strength, stiffness and thermal stability. It has excellent chemical resistance and can be used in a wide range of applications including automotive, aerospace and medical devices.
Medical Grade:
Medical-grade polyether ether ketone (PEEK) is a polymer with excellent chemical and mechanical properties. It has been widely used in medical devices, such as catheters, because of its biocompatibility. The demand for PEEK is expected to grow on account of rising applications in the automotive industry and increasing expenditure on healthcare by developing countries such as China and India.
Industrial Grade:
Industrial grade is a type of polyaryletherketone (PEEK) with purity levels greater than 99%. It has applications in various industries including automotive, aerospace & defense, medical and others. Industrial grade PEEK provides enhanced properties such as high tensile strength and excellent fatigue resistance at elevated temperatures which makes it suitable for industrial applications.
Application Insights:
The automotive industry accounted for a major share in the global polyaryletherketone market and is expected to grow at a CAGR of XX% from 2018 to 2030. Polyaryletherketone (PAEK) resins are used in the manufacturing of automobile parts, such as engine components, transmission components, brake systems and tires. The growing importance of lightweight materials has increased the demand for PAEK-based products in order to reduce vehicle weight which results in improved fuel efficiency and reduced emissions.
The aerospace industry also accounted for a significant share owing to increasing use of composites that are manufactured using PAEK resin as they offer high impact resistance along with excellent mechanical properties making them suitable for use in aircraft parts including turbines, jet engines and landing gear doors among others.
Regional Analysis:
Asia Pacific Polyaryletherketone Market led the global industry and accounted for over 40% of the total volume in 2016. The region is expected to continue its dominance over the forecast period owing to rising automotive production, construction activities, and consumer goods demand from emerging economies such as China, India, Indonesia and Malaysia.
China emerged as a major producer of polyaryletherketone (PAEK) in 2016 on account of availability of raw materials coupled with cheap labor cost. However, growing domestic consumption coupled with increasing imports has hampered China’s exports which is likely to have a negative impact on regional market growth soon.
North America was one among the largest consumers for polyaryletherketone (PAEK) due to presence of numerous automobile manufacturers across U.S., Canada & Mexico who heavily rely upon this material for manufacturing body components including hoods & trunk lids; bumpers; air dams; etc.).
Growth Factors:
- Increasing demand from the automotive industry for lightweight and durable components
- Growing demand for polyaryletherketone in medical applications due to its properties such as biocompatibility and non-toxicity
- Rising demand from the electrical & electronics industry for high-performance insulation materials
- Increasing use of polyaryletherketone in construction and infrastructure projects owing to its superior mechanical properties
- Growing popularity of polyaryletherketone as a replacement material for traditional plastics
Scope Of The Report
Report Attributes
Report Details
Report Title
Polyaryletherketone Market Research Report
By Type
Medical Grade, Industrial Grade
By Application
Automobile Industry, Aerospace Industry, Medical Equipment Industry, Others
By Companies
Victrex, Solvay, Arkema Group, JK Overseas, Quadrant, Gharda Chemicals, Evonik Industries, Caledonian Industries, Panjin Zhongrun High Performance Polymer, Ensinger GmbH, Victrex, Jilin Zhongyan High Performance Plastic
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global Polyaryletherketone Market Report Segments:
The global Polyaryletherketone market is segmented on the basis of:
Types
Medical Grade, Industrial Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automobile Industry, Aerospace Industry, Medical Equipment Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Victrex
- Solvay
- Arkema Group
- JK Overseas
- Quadrant
- Gharda Chemicals
- Evonik Industries
- Caledonian Industries
- Panjin Zhongrun High Performance Polymer
- Ensinger GmbH
- Victrex
- Jilin Zhongyan High Performance Plastic
Highlights of The Polyaryletherketone Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Medical Grade
- Industrial Grade
- By Application:
- Automobile Industry
- Aerospace Industry
- Medical Equipment Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Polyaryletherketone Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Polyaryletherketone is a type of thermoplastic that is made from the polymerization of two or more molecules of ethylene oxide. It has many applications, including in plastics and composites.
Some of the major companies in the polyaryletherketone market are Victrex, Solvay, Arkema Group, JK Overseas, Quadrant, Gharda Chemicals, Evonik Industries, Caledonian Industries, Panjin Zhongrun High Performance Polymer, Ensinger GmbH, Victrex, Jilin Zhongyan High Performance Plastic.
The polyaryletherketone market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Polyaryletherketone Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Polyaryletherketone Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Polyaryletherketone Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Polyaryletherketone Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Polyaryletherketone Market Size & Forecast, 2020-2028
4.5.1 Polyaryletherketone Market Size and Y-o-Y Growth
4.5.2 Polyaryletherketone Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Medical Grade
5.2.2 Industrial Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automobile Industry
6.2.2 Aerospace Industry
6.2.3 Medical Equipment Industry
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Polyaryletherketone Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Polyaryletherketone Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Medical Grade
9.6.2 Industrial Grade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automobile Industry
9.10.2 Aerospace Industry
9.10.3 Medical Equipment Industry
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Medical Grade
10.6.2 Industrial Grade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automobile Industry
10.10.2 Aerospace Industry
10.10.3 Medical Equipment Industry
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Medical Grade
11.6.2 Industrial Grade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automobile Industry
11.10.2 Aerospace Industry
11.10.3 Medical Equipment Industry
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Medical Grade
12.6.2 Industrial Grade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automobile Industry
12.10.2 Aerospace Industry
12.10.3 Medical Equipment Industry
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Medical Grade
13.6.2 Industrial Grade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automobile Industry
13.10.2 Aerospace Industry
13.10.3 Medical Equipment Industry
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Polyaryletherketone Market: Competitive Dashboard
14.2 Global Polyaryletherketone Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Victrex
14.3.2 Solvay
14.3.3 Arkema Group
14.3.4 JK Overseas
14.3.5 Quadrant
14.3.6 Gharda Chemicals
14.3.7 Evonik Industries
14.3.8 Caledonian Industries
14.3.9 Panjin Zhongrun High Performance Polymer
14.3.10 Ensinger GmbH
14.3.11 Victrex
14.3.12 Jilin Zhongyan High Performance Plastic
