North America Polyether Ether Ketone (peek) Market Size & Outlook
North America polyether ether ketone (peek) market, 2018-2030 (US$M)
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North America polyether ether ketone (peek) market highlights
- The North America polyether ether ketone (peek) market generated a revenue of USD 331.3 million in 2022.
- The 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 331.3 million |
| Market revenue in 2030 | USD 512.8 million |
| Growth rate | 5.6% (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, North America region accounted for 33.8% 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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North 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 50.32% in 2022. Horizon Databook has segmented the North 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.
The presence of prominent automobile manufacturers, such as Chrysler, Tesla, Ford, and Cadillac, in this region and government initiatives in the defense and aircraft manufacturing industries are expected to propel the market in the coming years. Low tariffs and production costs on account of the wide reach of the country’s free-trade agreements are also expected to contribute to market growth.
PEEK is widely utilized in various applications, such as automotive parts, aircraft engine & body, and electronics & electrical insulation. The growing automotive & aviation industries are projected to trigger the demand for PEEK over the next eight years in this region.
The companies in the region are following multiple coordinated strategies to develop and support a well-structured manufacturing base. Their efforts comprise an improvement in the legal system, research & development, and finding new end-use applications of PEEK.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America polyether ether ketone (peek) market , including forecasts for subscribers. This continent databook contains high-level insights into North America polyether ether ketone (peek) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America polyether ether ketone (peek) market size, by country, 2018-2030 (US$M)
North America Polyether Ether Ketone (PEEK) Market Outlook Share, 2022 & 2030 (US$M)
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