Asia Pacific Polyether Ether Ketone (peek) Market Size & Outlook
Asia Pacific polyether ether ketone (peek) market, 2018-2030 (US$M)
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Asia Pacific polyether ether ketone (peek) market highlights
- The Asia Pacific polyether ether ketone (peek) market generated a revenue of USD 158.8 million in 2022.
- The market is expected to grow at a CAGR of 6.8% from 2023 to 2030.
- In terms of segment, automotive was the largest revenue generating end use in 2022.
- ELECTRICAL & ELECTRONICS is the most lucrative end use segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 158.8 million |
| Market revenue in 2030 | USD 268.0 million |
| Growth rate | 6.8% (CAGR from 2022 to 2030) |
| Largest segment | Automotive |
| Fastest growing segment | ELECTRICAL & ELECTRONICS |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PACKAGING, CONSTRUCTION, ELECTRICAL & ELECTRONICS, AUTOMOTIVE, MEDICAL, OTHER END USES |
| Key market players worldwide | Victrex PLC, Ferguson PLC, Celanese Corp Class A, LyondellBasell Industries NV Class A, Solvay SA, Evonik Industries AG, SABIC, Parkway Products, Ensinger |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 16.2% of the global polyether ether ketone (peek) market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 268.0 million by 2030.
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Polyether Ether Ketone (PEEK) Market Scope
Polyether Ether Ketone (PEEK) Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific polyether ether ketone (peek) market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to polyether ether ketone (peek) market will help companies and investors design strategic landscapes.
Automotive was the largest segment with a revenue share of 49.94% in 2022. Horizon Databook has segmented the Asia Pacific polyether ether ketone (peek) market based on packaging, construction, electrical & electronics, automotive, medical, other end uses covering the revenue growth of each sub-segment from 2018 to 2030.
The PEEK market in Asia Pacific is hugely untapped. Supportive government policies in the region are encouraging the global PEEK makers to set up manufacturing and distribution facilities in this region. Economic growth in developing economies, such as China and India, is leading toward the creation of a wealthy urban class.
This situation has boosted the sales of standard products, such as electronic goods, in these regions. PEEK has evolved as one of the major electrical insulating materials. The product is widely used in manufacturing power distribution & transmission equipment, frequency conversion motors, wind power equipment, transformers, and high-speed traction motors.
Such trends are increasing the demand for PEEK in electronics applications. Various government initiatives to develop the manufacturing sector by providing subsidies, tax cuts, and an increase in FDI limit are attracting major global players to expand their operations in this region.
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Our clientele includes a mix of polyether ether ketone (peek) market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific polyether ether ketone (peek) market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific polyether ether ketone (peek) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific polyether ether ketone (peek) market size, by country, 2018-2030 (US$M)
Asia Pacific Polyether Ether Ketone (PEEK) Market Outlook Share, 2022 & 2030 (US$M)
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