Polyetheretherketone (PEEK) Producers and PEEK Market Trend
PEEK is one of the special engineering plastics. Special engineering plastics are a new class of polymeric materials developed in the late 1960s. Special engineering plastics are at the top of engineering plastics in terms of performance and commercial value. PEEK has good mechanical properties, high heat resistance, corrosion resistance and other physical properties, PEEK also has excellent processing characteristics such as easy injection molding, extrusion and cutting, and is recognized as one of the world's best performing thermoplastic materials.
The global PEEK market size was 4,500 tons in 2017, to grow to 7,550 tons in 2022, with a CAGR of 10.9% from 2017 to 2022. The global PEEK market size is expected to grow to 10,400 tons in 2027, with a CAGR of 6.6% from 2022 to 2027.
Figure 2017-2027 Global Polyetheretherketone (PEEK) Market Size (Tons) and CAGR
Global PEEK consumption is concentrated in Europe, Asia Pacific, and North America, with market shares of 36%, 35%, and 25%, respectively. Major global players include Victrex, Solvay，Evonik，JUSEP，Zhejiang Pfluon New MATERIALS Co., Shandong Horan SPECIAL Plastics Co. and Jilin Joinature Polymer Co.
PEEK's excellent overall performance has led to a wide range of applications in transportation, aerospace, electronics and information, energy and industry, health care and many other fields.
