Saudi Arabia Polyether Ether Ketone (peek) Market Size & Outlook
Saudi Arabia polyether ether ketone (peek) market, 2018-2030 (US$M)
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Saudi Arabia polyether ether ketone (peek) market highlights
- The Saudi Arabia polyether ether ketone (peek) market generated a revenue of USD 5.0 million in 2022 and is expected to reach USD 6.8 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 3.8% 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 5.0 million |
| Market revenue in 2030 | USD 6.8 million |
| Growth rate | 3.8% (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, Saudi Arabia accounted for 0.5% 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 Middle East & Africa, Saudi Arabia polyether ether ketone (peek) market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 4.1 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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Saudi Arabia 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 52% in 2022. Horizon Databook has segmented the Saudi Arabia 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.
Saudi Arabia is one of the major economies in the MEA and is considered the foundation of regional stability. The country has benefitted from the abundant availability of natural resources, various incentives for global companies, and a supportive business environment, which allows complete foreign ownership across various sectors.
The country has a flexible and efficient labor market along with a potential customer base of over 250 million, which is a major driver for global manufacturers to establish and expand their operational and distribution base in the region.
Preferential access to Saudi Arabia’s market with countries under the European Free Trade Association and the Greater Arab Free Trade Area is attracting PEEK manufacturers and distributors to set up their operations in this region.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia polyether ether ketone (peek) market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia polyether ether ketone (peek) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia polyether ether ketone (peek) market size, by end use, 2018-2030 (US$M)
Saudi Arabia Polyether Ether Ketone (PEEK) Market Outlook Share, 2022 & 2030 (US$M)
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