Germany Polyether Ether Ketone (peek) Market Size & Outlook
Germany polyether ether ketone (peek) market, 2018-2030 (US$M)
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Germany polyether ether ketone (peek) market highlights
- The Germany polyether ether ketone (peek) market generated a revenue of USD 106.1 million in 2022 and is expected to reach USD 147.3 million by 2030.
- The Germany market is expected to grow at a CAGR of 4.2% 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 106.1 million |
| Market revenue in 2030 | USD 147.3 million |
| Growth rate | 4.2% (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, Germany accounted for 10.8% 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 Europe, Germany polyether ether ketone (peek) market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 81.2 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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Germany 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 49.67% in 2022. Horizon Databook has segmented the Germany 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.
Germany is the leading automotive market in Europe in terms of production and sales. According to Verband der Auto mobile industry, the total vehicle production in Germany increased to 4.1 million units in 2023, a growth of 18% from 2022. In 2023, 17% exports of Germany were motor vehicles and spare parts.
The automotive industry in Germany is projected to grow prominently on account of the presence of a top-class technological environment, infrastructure, dynamic investment opportunities, and international research facilities, thus, posing lucrative growth opportunities for the PEEK market in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany polyether ether ketone (peek) market , including forecasts for subscribers. This country databook contains high-level insights into Germany polyether ether ketone (peek) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany polyether ether ketone (peek) market size, by end use, 2018-2030 (US$M)
Germany Polyether Ether Ketone (PEEK) Market Outlook Share, 2022 & 2030 (US$M)
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