UK Polyether Ether Ketone (peek) Market Size & Outlook
UK polyether ether ketone (peek) market, 2018-2030 (US$M)
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UK polyether ether ketone (peek) market highlights
- The UK polyether ether ketone (peek) market generated a revenue of USD 54.5 million in 2022 and is expected to reach USD 77.8 million by 2030.
- The UK 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 54.5 million |
| Market revenue in 2030 | USD 77.8 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, UK accounted for 5.6% 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 Europe, Germany polyether ether ketone (peek) market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 81.2 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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UK 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 50.09% in 2022. Horizon Databook has segmented the UK 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 UK PEEK market is expected to witness high investments by OEMs, due to increasing spending by automotive manufacturers for novel materials like PEEK, which offer lower weight and high specific strength to develop cost-effective component solutions with enhanced efficiency and performance. The UK is characterized as an economy that is heading toward maturity.
The UK automotive manufacturing industry is characterized by the presence of several car manufacturers, such as Honda Motor Company Ltd., Nissan Motor Company, and Vauxhall Motors. Key commercial vehicle manufacturers include Alexander Dennis Limited, The Ford Motor Company, and London Taxis International.
Thus, the automotive industry is attracting lucrative investments, which is expected to create positive growth opportunities for the PEEK market over the coming years. Moreover, the UK is home to leading research institutions, universities, and innovation hubs.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK polyether ether ketone (peek) market , including forecasts for subscribers. This country databook contains high-level insights into UK polyether ether ketone (peek) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK polyether ether ketone (peek) market size, by end use, 2018-2030 (US$M)
UK Polyether Ether Ketone (PEEK) Market Outlook Share, 2022 & 2030 (US$M)
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