Canada Polyether Ether Ketone (peek) Market Size & Outlook
Canada polyether ether ketone (peek) market, 2018-2030 (US$M)
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Canada polyether ether ketone (peek) market highlights
- The Canada polyether ether ketone (peek) market generated a revenue of USD 53.6 million in 2022 and is expected to reach USD 80.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.2% 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.
Polyether ether ketone (peek) market data book summary
| Market revenue in 2022 | USD 53.6 million |
| Market revenue in 2030 | USD 80.5 million |
| Growth rate | 5.2% (CAGR from 2022 to 2030) |
| Largest segment | Automotive |
| Fastest growing segment | ELECTRICAL & ELECTRONICS |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Canada accounted for 5.5% of the global polyether ether ketone (peek) market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. polyether ether ketone (peek) market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 391.5 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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Canada 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 50.93% in 2022. Horizon Databook has segmented the Canada 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.
Canada is one of the fastest-growing countries in North America PEEK market. The trend towards lightweight materials to improve fuel efficiency, reduce emissions, and enhance performance is expected to propel the demand for PEEK in industries such as aerospace and automotive in Canada.
PEEK’s lightweight yet durable nature makes it a preferred choice for applications where weight reduction is crucial. In the industrial sector, Canada's robust manufacturing capabilities and modernization efforts have fueled the need for high-performance materials, such as PEEK.
Its exceptional mechanical properties and resistance to chemicals & high temperatures make it ideal for use in industrial applications, such as machinery components, seals, and gaskets, contributing to its increased adoption and market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada polyether ether ketone (peek) market , including forecasts for subscribers. This country databook contains high-level insights into Canada polyether ether ketone (peek) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada polyether ether ketone (peek) market size, by end use, 2018-2030 (US$M)
Canada Polyether Ether Ketone (PEEK) Market Outlook Share, 2022 & 2030 (US$M)
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