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According to a new market report published by Lucintel Cheap Custom Soccer Jerseys , the future of the global PEEK market looks promising with opportunities in electronics, oil & gas, aerospace, medical, automotive, and other industries. The global PEEK market is expected to reach an estimated $957 million by 2024 with a CAGR of 5.4% from 2019 to 2024. The major drivers for this market are growing demand for high temperature resistance materials in different end use industries.
In this market, PEEK is used in electronics Cheap Authentic Soccer Jerseys , oil & gas, aerospace, medical, and automotive industries to manufacture products, such as pipes, brackets, ribs Cheap Soccer Jerseys Online , fasteners, gears, transmission system, and spines. Lucintel forecasts that electronics will remain the largest end use industry by value and volume due to its wide use in mobile and semiconductor applications. Aerospace is expected to witness the highest growth over the forecast period due to the increasing usage of PEEK in aircraft components such as brackets, fasteners, and others.
Europe is expected to remain the largest market for PEEK due to the increasing consumption of PEEK in all the major applications in this region. North America is expected to witness the highest growth rate during the forecast period due to the anticipated growth in the aerospace, oil and gas Cheap Soccer Jerseys China , and electronics industries.
Emerging trend, which has a direct impact on the dynamics of the industry, includes development of new applications, such as car gears, dental disc, and knee implants. Victrex, Solvay Cheap Soccer Jerseys , Evonik, Panjin Zhongrun, and Zypeek Jilin are among the major suppliers of PEEK.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global PEEK market by end use industry, by use, and region Cheap Jerseys China Online , and has come up with a comprehensive research report entitle th Opportunities in the Global PEEK Market 2019-2024: Trends, Forecast, and Opportunity Analysis.鈥?The Lucintel report serves as a catalyst for growth strategies as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global PEEK market by end use industry, use, and region as follows:
By end use Industry [Volume (kilotons) and $M shipment analysis from 2013 to 2024]:
鈥?Electronics
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