Polyaryletherketone Paek
PUBLISHED: 2024 ID: SMRC26394
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Polyaryletherketone Paek

Polyaryletherketone (PAEK) Market Forecasts to 2030 - Global Analysis By Product (Polyetherketoneketone (PEKK), Polyetheretherketone (PEEK) and Polyetherketone (PEK)), Filler (Glass Filled, Carbon Filled and Unfilled), End User and By Geography

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4.7 (86 reviews)
Published: 2024 ID: SMRC26394

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Polyaryletherketone (PAEK) Market is accounted for $761.74 million in 2024 and is expected to reach $1409.44 million by 2030 growing at a CAGR of 10.8% during the forecast period. Polyaryletherketone (PAEK) is a high-performance thermoplastic polymer characterized by a combination of excellent mechanical properties, thermal stability, and chemical resistance. These materials are known for their ability to retain their strength and integrity at high temperatures, making them suitable for demanding applications in various industries. The market is growing due to its high performance in the aerospace, automotive, medical, and electronics industries.

According to a report by the Centre for Energy Finance (CEEW), India has a USD 206 billion opportunity for electric vehicles by 2030, which will necessitate an expenditure of USD 180 billion in vehicle manufacturing and charging infrastructure.

Market Dynamics: 

Driver: 

The rising demand from medical, aerospace and automotive industry

The increasing demand from medical, aerospace and automotive industry, increasing application from emerging markets and surging demand for efficient and environment friendly solution are the root cause fueling up the market growth rate in the forecast period. Easy availability of metal and other conventional material replacement are expected to cushion the growth of the polyaryletherketone (PAEK) market.

Restraint:

High cost of polyaryletherketone (PAEK) materials

High cost of polyaryletherketone (PAEK) materials is likely to hinder the market growth. As the raw material prices tend to remain high, it will increase the overall product cost and affecting the market growth in future. Another factor hampering the market growth is the availability of substitutes, these substitutes are available at slightly lower cost in the market and customers may incline towards these substitutes considering price benefits.

Opportunity:

The new technological innovations

The new technological innovations such as replacement of traditional metals with specialty thermoplastics will reduce the cost and weight of the vehicle. This weight reduction will further reduce the emission of CO2, NO2, and other ozone depletion compounds from vehicles. For instance, according to various automobile specialists, trimming the car’s weight by one-tenth can boost fuel economy by 5%-8%. For instance, the European Union Regulation for the reduction in emissions of greenhouse gases will drive the demand for lightweight vehicles during the forecast period.

Threat:

The prevalence of product substitutes

The prevalence of product substitutes is projected to pose as a major challenge to the growth of the polyaryletherketone (PAEK) market. The major disadvantage of polyetherketone is its high cost, the difficulties involved in removing volatiles during healing to obtain a void-free bond, the handling or healing difficulty, high melt processing temperatures, and relatively low glass transition.

Covid-19 Impact: 

The COVID-19 pandemic significantly impacted the polyaryletherketone (PAEK) market. Supply chain disruptions and factory shutdowns in key manufacturing regions led to reduced production and delayed deliveries. The automotive and aerospace sectors, major consumers of PAEK, experienced a downturn due to decreased demand and halted operations, further reducing the market's growth. However, the medical sector, another important market for PAEK due to its use in implants and medical devices, saw a surge in demand. Post-pandemic, the PAEK market is expected to recover as industries resume operations and demand for high-performance polymers rebounds.

The glass filled segment is expected to be the largest during the forecast period

The glass-filled segment in the polyaryletherketone (PAEK) market is experiencing significant growth due to its enhanced mechanical properties, including increased strength, stiffness, and dimensional stability. This segment is particularly in demand in industries such as automotive, aerospace, and electronics, where materials must withstand high temperatures and harsh environments. The glass-filled PAEK composites offer improved performance over standard grades, making them suitable for critical applications that require durability and resistance to wear and corrosion. Additionally, the trend towards lightweighting in the automotive and aerospace sectors further boosts the demand for glass-filled PAEK materials.

The electrical segment is expected to have the highest CAGR during the forecast period

The electrical segment of the polyaryletherketone (PAEK) market is experiencing notable growth, driven by the material's excellent thermal stability, mechanical properties, and chemical resistance. PAEK's high dielectric strength and low electrical conductivity make it ideal for electrical and electronic applications, including connectors, insulators, and semiconductor components. The increasing demand for miniaturized and high-performance electronic devices further fuels their adoption. Additionally, the rise in renewable energy projects and the expansion of electric vehicles (EVs) are contributing to the market's expansion.

Region with largest share:

The polyaryletherketone (PAEK) market in North America is experiencing robust growth due to increasing demand in various high-performance applications. Key drivers include the rising adoption of PAEK in the aerospace and automotive industries for its lightweight and high-strength properties, which contribute to improved fuel efficiency and reduced emissions. Additionally, the region's advanced healthcare sector is driving demand for PAEK in medical devices and implants, owing to its biocompatibility and resistance to sterilization processes. Strong R&D investments and the presence of major manufacturers further bolster the market, positioning North America as a significant player in the global PAEK industry.

Region with highest CAGR:

The Asia-Pacific region is experiencing significant growth in the polyaryletherketone (PAEK) market, driven by rapid industrialization and expanding end-use industries such as automotive, aerospace, electronics, and healthcare. Countries like China, India, and Japan are at the forefront due to increasing investments in manufacturing and infrastructure development. The region's demand for high-performance polymers in lightweight, durable, and high-temperature-resistant applications is propelling the market. Additionally, rising environmental regulations and the shift towards sustainable materials further boost PAEK adoption in various sectors. 

Key players in the market

Some of the key players in Polyaryletherketone (PAEK) market include Akro-Plastic GmbH, Amco Polymers, Arkema Sa, Caledonian Industries Ltd, Celanese Corporation, Darter Plastics Inc., Ensinger, Evonik Industries AG, Jilin Zhongyan High-Performance Plastic Co., Ltd, Mitsubishi Chemical Advanced Materials, RTP Company, SABIC, Solvay S.A, Toray Advanced Composites and Victrex PLC.            

Key Developments:

In May 2024, Solvay has become a member of the Cyber Security Coalition, a key step to strengthen its cyber defense capabilities and build a solid and secure digital ecosystem. This membership aligns with Solvay’s dedication to protecting the integrity of its operations, the security of its supply chain and the privacy of customer data against the constantly changing landscape of cyber threats. Solvay’s engagement with the Coalition is part of its global cybersecurity policy, designed to protect the Group and its network of partners, customers, and stakeholders.

In February 2024, Saudi Basic Industries Corp. (SABIC), a prominent entity listed on the Saudi stock exchange, is gearing up to make a bid to acquire a stake in Braskem, a leading petrochemical company headquartered in Brazil. It is worth noting that SABIC is predominantly owned by Saudi Aramco, holding a significant 70% stake in its ownership.

Products Covered:
• Polyetherketoneketone (PEKK)
• Polyetheretherketone (PEEK)
• PolyEtherKetoneEtherKetoneKetone (PEKEKK)
• Polyetherketone (PEK) 

Fillers Covered:
• Glass Filled 
• Carbon Filled 
• Unfilled 

End Users Covered:
• Aerospace & Automotive          
• Electrical            
• Marine            
• Oil & Gas            
• Industrial and General Engineering         
• Manufacturing           
• Energy       
• Medical             

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary      
       
2 Preface      
 2.1 Abstract     
 2.2 Stake Holders     
 2.3 Research Scope     
 2.4 Research Methodology     
  2.4.1 Data Mining    
  2.4.2 Data Analysis    
  2.4.3 Data Validation    
  2.4.4 Research Approach    
 2.5 Research Sources     
  2.5.1 Primary Research Sources    
  2.5.2 Secondary Research Sources    
  2.5.3 Assumptions    
       
3 Market Trend Analysis      
 3.1 Introduction     
 3.2 Drivers     
 3.3 Restraints     
 3.4 Opportunities     
 3.5 Threats     
 3.6 Product Analysis     
 3.7 End User Analysis     
 3.8 Emerging Markets     
 3.9 Impact of Covid-19     
       
4 Porters Five Force Analysis      
 4.1 Bargaining power of suppliers     
 4.2 Bargaining power of buyers     
 4.3 Threat of substitutes     
 4.4 Threat of new entrants     
 4.5 Competitive rivalry     
       
5 Global Polyaryletherketone (PAEK) Market, By Product      
 5.1 Introduction     
 5.2 Polyetherketoneketone (PEKK)     
 5.3 Polyetheretherketone (PEEK)     
 5.4 PolyEtherKetoneEtherKetoneKetone (PEKEKK)     
 5.5 Polyetherketone (PEK)     
       
6 Global Polyaryletherketone (PAEK) Market, By Filler      
 6.1 Introduction     
 6.2 Glass Filled     
 6.3 Carbon Filled     
 6.4 Unfilled     
       
7 Global Polyaryletherketone (PAEK) Market, By End User      
 7.1 Introduction     
 7.2 Aerospace & Automotive               
 7.3 Electrical                 
 7.4 Marine                 
 7.5 Oil & Gas                 
 7.6 Industrial and General Engineering              
 7.7 Manufacturing                
 7.8 Energy            
 7.9 Medical                 
  7.9.1 Medical Devices             
  7.9.2 Dental              
  7.9.3 Orthopedic     
       
8 Global Polyaryletherketone (PAEK) Market, By Geography      
 8.1 Introduction     
 8.2 North America     
  8.2.1 US    
  8.2.2 Canada    
  8.2.3 Mexico    
 8.3 Europe     
  8.3.1 Germany    
  8.3.2 UK    
  8.3.3 Italy    
  8.3.4 France    
  8.3.5 Spain    
  8.3.6 Rest of Europe    
 8.4 Asia Pacific     
  8.4.1 Japan    
  8.4.2 China    
  8.4.3 India    
  8.4.4 Australia    
  8.4.5 New Zealand    
  8.4.6 South Korea    
  8.4.7 Rest of Asia Pacific    
 8.5 South America     
  8.5.1 Argentina    
  8.5.2 Brazil    
  8.5.3 Chile    
  8.5.4 Rest of South America    
 8.6 Middle East & Africa     
  8.6.1 Saudi Arabia    
  8.6.2 UAE    
  8.6.3 Qatar    
  8.6.4 South Africa    
  8.6.5 Rest of Middle East & Africa    
       
9 Key Developments      
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures     
 9.2 Acquisitions & Mergers     
 9.3 New Product Launch     
 9.4 Expansions     
 9.5 Other Key Strategies     
       
10 Company Profiling      
 10.1 Akro-Plastic GmbH                
 10.2 Amco Polymers     
 10.3 Arkema Sa                
 10.4 Caledonian Industries Ltd     
 10.5 Celanese Corporation               
 10.6 Darter Plastics Inc.                
 10.7 Ensinger                  
 10.8 Evonik Industries AG               
 10.9 Jilin Zhongyan High-Performance Plastic Co., Ltd     
 10.10 Mitsubishi Chemical Advanced Materials              
 10.11 RTP Company                
 10.12 SABIC                 
 10.13 Solvay S.A                
 10.14 Toray Advanced Composites               
 10.15 Victrex PLC                
       
List of Tables       
1 Global Polyaryletherketone (PAEK) Market Outlook, By Region (2022-2030) ($MN)      
2 Global Polyaryletherketone (PAEK) Market Outlook, By Product (2022-2030) ($MN)      
3 Global Polyaryletherketone (PAEK) Market Outlook, By Polyetherketoneketone (PEKK) (2022-2030) ($MN)      
4 Global Polyaryletherketone (PAEK) Market Outlook, By Polyetheretherketone (PEEK) (2022-2030) ($MN)      
5 Global Polyaryletherketone (PAEK) Market Outlook, By PolyEtherKetoneEtherKetoneKetone (PEKEKK) (2022-2030) ($MN)      
6 Global Polyaryletherketone (PAEK) Market Outlook, By Polyetherketone (PEK) (2022-2030) ($MN)      
7 Global Polyaryletherketone (PAEK) Market Outlook, By Form (2022-2030) ($MN)      
8 Global Polyaryletherketone (PAEK) Market Outlook, By Compound (2022-2030) ($MN)      
9 Global Polyaryletherketone (PAEK) Market Outlook, By Fiber (2022-2030) ($MN)      
10 Global Polyaryletherketone (PAEK) Market Outlook, By Tape (2022-2030) ($MN)      
11 Global Polyaryletherketone (PAEK) Market Outlook, By Sheet (2022-2030) ($MN)      
12 Global Polyaryletherketone (PAEK) Market Outlook, By Film (2022-2030) ($MN)      
13 Global Polyaryletherketone (PAEK) Market Outlook, By Filler (2022-2030) ($MN)      
14 Global Polyaryletherketone (PAEK) Market Outlook, By Glass Filled (2022-2030) ($MN)      
15 Global Polyaryletherketone (PAEK) Market Outlook, By Carbon Filled (2022-2030) ($MN)      
16 Global Polyaryletherketone (PAEK) Market Outlook, By Unfilled (2022-2030) ($MN)      
17 Global Polyaryletherketone (PAEK) Market Outlook, By End User (2022-2030) ($MN)      
18 Global Polyaryletherketone (PAEK) Market Outlook, By Aerospace & Automotive (2022-2030) ($MN)      
19 Global Polyaryletherketone (PAEK) Market Outlook, By Electrical (2022-2030) ($MN)      
20 Global Polyaryletherketone (PAEK) Market Outlook, By Marine (2022-2030) ($MN)      
21 Global Polyaryletherketone (PAEK) Market Outlook, By Oil & Gas (2022-2030) ($MN)      
22 Global Polyaryletherketone (PAEK) Market Outlook, By Industrial and General Engineering (2022-2030) ($MN)      
23 Global Polyaryletherketone (PAEK) Market Outlook, By Manufacturing (2022-2030) ($MN)      
24 Global Polyaryletherketone (PAEK) Market Outlook, By Energy (2022-2030) ($MN)      
25 Global Polyaryletherketone (PAEK) Market Outlook, By Medical (2022-2030) ($MN)      
26 Global Polyaryletherketone (PAEK) Market Outlook, By Medical Devices (2022-2030) ($MN)      
27 Global Polyaryletherketone (PAEK) Market Outlook, By Dental (2022-2030) ($MN)      
28 Global Polyaryletherketone (PAEK) Market Outlook, By Orthopedic (2022-2030) ($MN)      
       
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.       

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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