Japan Polyether Ether Ketone (peek) Market Size & Outlook
Japan polyether ether ketone (peek) market, 2018-2030 (US$M)
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Japan polyether ether ketone (peek) market highlights
- The Japan polyether ether ketone (peek) market generated a revenue of USD 18.2 million in 2022 and is expected to reach USD 28.2 million by 2030.
- The Japan market is expected to grow at a CAGR of 5.6% 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 18.2 million |
| Market revenue in 2030 | USD 28.2 million |
| Growth rate | 5.6% (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, Japan accounted for 1.9% 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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Japan 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 50.55% in 2022. Horizon Databook has segmented the Japan 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.
Japan is the third-largest economy globally in terms of nominal GDP and the fourth largest in terms of purchasing power parity. The country accounts for huge demand for plastics, due to the presence of an established production, trade, and industrial environment.
The country is renowned for its automotive industry. The country is home to key global automakers, such as Toyota, Mitsubishi, Honda, Subaru, Nissan, Fuso, Daihatsu, Hino, Lexus, and Mazda. Growing automotive production, coupled with facility expansion of major automotive OEMs and aftermarkets, is projected to increase the demand for PEEK in the automotive segment over the forecast period.
Moreover, the continuously aging population, along with ongoing healthcare advancements, in Japan contribute to the demand for PEEK in medical applications. PEEK is widely used in the production of medical devices and their components, as well as for developing medical packaging, due to its biocompatibility and ease of sterilization.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan polyether ether ketone (peek) market , including forecasts for subscribers. This country databook contains high-level insights into Japan polyether ether ketone (peek) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan polyether ether ketone (peek) market size, by end use, 2018-2030 (US$M)
Japan Polyether Ether Ketone (PEEK) Market Outlook Share, 2022 & 2030 (US$M)
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