China Polyether Ether Ketone (peek) Market Size & Outlook
China polyether ether ketone (peek) market, 2018-2030 (US$M)
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China polyether ether ketone (peek) market highlights
- The China polyether ether ketone (peek) market generated a revenue of USD 72.5 million in 2022 and is expected to reach USD 122.3 million by 2030.
- The China 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.
- MEDICAL 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 72.5 million |
| Market revenue in 2030 | USD 122.3 million |
| Growth rate | 6.8% (CAGR from 2022 to 2030) |
| Largest segment | Automotive |
| Fastest growing segment | MEDICAL |
| 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, China accounted for 7.4% 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 Asia Pacific, China polyether ether ketone (peek) market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 32.9 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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China 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 49.24% in 2022. Horizon Databook has segmented the China 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 China is anticipated to witness promising growth over the forecast period. Healthy growth among the key manufacturing industries, including automotive and industrial & general engineering, is likely to contribute substantially toward the ascending demand for PEEK in China.
The motor vehicle industry in the country is expanding on account of strong demand for automobiles as well as various vehicle types, including medium & heavy trucks and buses. Growing levels of per capita income are further fueling the demand for high-end tires, which is anticipated to drive the consumption of PEEK in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the China polyether ether ketone (peek) market , including forecasts for subscribers. This country databook contains high-level insights into China polyether ether ketone (peek) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China polyether ether ketone (peek) market size, by end use, 2018-2030 (US$M)
China Polyether Ether Ketone (PEEK) Market Outlook Share, 2022 & 2030 (US$M)
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