Europe Polyether Ether Ketone (peek) Market Size & Outlook
Europe polyether ether ketone (peek) market, 2018-2030 (US$M)
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Europe polyether ether ketone (peek) market highlights
- The Europe polyether ether ketone (peek) market generated a revenue of USD 420.4 million in 2022.
- The market is expected to grow at a CAGR of 4.3% 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, Italy is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 420.4 million |
| Market revenue in 2030 | USD 587.5 million |
| Growth rate | 4.3% (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, Europe region accounted for 42.9% 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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Europe 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 50.07% in 2022. Horizon Databook has segmented the Europe 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.
Europe is projected to register a steady CAGR over the forecast period, owing to the development of electric vehicles (EVs) and the presence of established printing and labeling markets. Composites containing PEEK are considered heat resistant, exhibit excellent strength, and insulation properties, and, therefore, are widely used in automotive applications.
Automotive, insulation, electronics & electrical, and industrial and general engineering are the major PEEK end-use industries in Europe. Coverings and insulation at high temperatures, such as insulating wires, pressure-sensitive tapes, and flexible printed circuits (FPC), used in the electronics, automotive, and aerospace applications require strong heat resistance to protect the labeled barcode and other information.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe polyether ether ketone (peek) market , including forecasts for subscribers. This continent databook contains high-level insights into Europe polyether ether ketone (peek) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe polyether ether ketone (peek) market size, by country, 2018-2030 (US$M)
Europe Polyether Ether Ketone (PEEK) Market Outlook Share, 2022 & 2030 (US$M)
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