Latin America Polyether Ether Ketone (peek) Market Size & Outlook
Latin America polyether ether ketone (peek) market, 2018-2030 (US$M)
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Latin America polyether ether ketone (peek) market highlights
- The Latin America polyether ether ketone (peek) market generated a revenue of USD 44.5 million in 2022.
- The market is expected to grow at a CAGR of 4.7% 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, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 44.5 million |
| Market revenue in 2030 | USD 64.3 million |
| Growth rate | 4.7% (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, Latin America region accounted for 4.5% 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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Latin America 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 49.89% in 2022. Horizon Databook has segmented the Latin America 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.
Positive economic trends in the region have significantly increased the purchasing power of customers, which has favorably impacted the regional market growth. The growing consumer electronics, automotive, healthcare, and defense sectors in the region are also expected to contribute to the regional product demand in the next few years.
A low penetration level is likely to provide an opportunity for PEEK manufacturers to begin their operations in this region. The continued prosperity and optimism in Brazil are expected to provide huge growth opportunities for the PEEK market in the highly competitive environment.
Relatively low ownership levels of electrical and electronic goods are indicative of growth opportunities for electronics sector in the region. The growing application scope of PEEK in electronics along with development in the electronics industry is creating a robust growth potential for the product.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America polyether ether ketone (peek) market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America polyether ether ketone (peek) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America polyether ether ketone (peek) market size, by country, 2018-2030 (US$M)
Latin America Polyether Ether Ketone (PEEK) Market Outlook Share, 2022 & 2030 (US$M)
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