South Korea Polyether Ether Ketone (peek) Market Size & Outlook
South Korea polyether ether ketone (peek) market, 2018-2030 (US$M)
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South Korea polyether ether ketone (peek) market highlights
- The South Korea polyether ether ketone (peek) market generated a revenue of USD 9.9 million in 2022 and is expected to reach USD 14.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 4.6% 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 9.9 million |
| Market revenue in 2030 | USD 14.2 million |
| Growth rate | 4.6% (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, South Korea accounted for 1.0% 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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South Korea 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 49.49% in 2022. Horizon Databook has segmented the South Korea 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.
South Korea, the fourth-largest economy in Asia, is home to several multinational companies that manufacture diverse goods and provide numerous services. The market has open trade policies and has signed several free-trade agreements that are expected to encourage and attract investors in the automotive and electrical & electronics industries.
In July 2023, the government of South Korea announced an investment of USD 483 billion (614 trillion won) in the electronics industry. With this investment, the government plans to expand its electrical & electronics industry across the country.
Moreover, the strategic geographical location of South Korea and its role in global trade contribute to the growth of the PEEK market in the country. The strategic position of South Korea in international trade, along with its export-oriented manufacturing sector, drives the demand for PEEK in various markets globally.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea polyether ether ketone (peek) market , including forecasts for subscribers. This country databook contains high-level insights into South Korea polyether ether ketone (peek) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea polyether ether ketone (peek) market size, by end use, 2018-2030 (US$M)
South Korea Polyether Ether Ketone (PEEK) Market Outlook Share, 2022 & 2030 (US$M)
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