India Polyether Ether Ketone (peek) Market Size & Outlook
India polyether ether ketone (peek) market, 2018-2030 (US$M)
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India polyether ether ketone (peek) market highlights
- The India polyether ether ketone (peek) market generated a revenue of USD 18.0 million in 2022 and is expected to reach USD 32.9 million by 2030.
- The India market is expected to grow at a CAGR of 7.9% 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 18.0 million |
| Market revenue in 2030 | USD 32.9 million |
| Growth rate | 7.9% (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, India accounted for 1.8% 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 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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India 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 50.56% in 2022. Horizon Databook has segmented the India 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.
Apart from the income and population factors, the electronic market in India is projected to witness positive growth, owing to the supportive government policies and favorable societal orientation toward several industries, including electrical & electronics.
The Indian government has established Electronic Hardware Technology Parks (EHTPs) and Special Economic Zones (SEZs) to develop the electronics industry. By increasing the foreign direct investment (FDI) limit, the government has created a favorable environment for the global players in the electronics sector.
Thus, these factors are anticipated to supplement further demand for PEEK in the coming years. Moreover, the growing developments across the industrial and general engineering industry are expected to drive the PEEK market. PEEK is widely used in several industrial and general engineering applications, such as bearings, compressors, and gears.
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Horizon Databook provides a detailed overview of country-level data and insights on the India polyether ether ketone (peek) market , including forecasts for subscribers. This country databook contains high-level insights into India polyether ether ketone (peek) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India polyether ether ketone (peek) market size, by end use, 2018-2030 (US$M)
India Polyether Ether Ketone (PEEK) Market Outlook Share, 2022 & 2030 (US$M)
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