Middle East & Africa Polyether Ether Ketone (peek) Market Size & Outlook
Middle East & Africa polyether ether ketone (peek) market, 2018-2030 (US$M)
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MEA polyether ether ketone (peek) market highlights
- The MEA polyether ether ketone (peek) market generated a revenue of USD 24.0 million in 2022.
- The market is expected to grow at a CAGR of 4.5% 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, UAE is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 24.0 million |
| Market revenue in 2030 | USD 34.1 million |
| Growth rate | 4.5% (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, MEA region accounted for 2.4% 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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Middle East & Africa 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 50.83% in 2022. Horizon Databook has segmented the Middle East & Africa 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.
The market for PEEK in MEA has rebounded in recent years. The region is projected to continue to witness positive growth in the PEEK demand with the lifting of economic sanctions in Iran and the drive for economic diversification between the oil-exporting countries of the Gulf Cooperation Council.
Regardless of the ongoing crisis in Iraq and Syria and falling oil profits, the MEA region still offers countless opportunities to polymer manufacturers on account of the growing population, income, and availability of oil, which is used as a basic raw material for a majority of chemical products.
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Our clientele includes a mix of polyether ether ketone (peek) market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa polyether ether ketone (peek) market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa polyether ether ketone (peek) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA polyether ether ketone (peek) market size, by country, 2018-2030 (US$M)
Middle East & Africa Polyether Ether Ketone (PEEK) Market Outlook Share, 2022 & 2030 (US$M)
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