Lucintel’s latest market report analyzed that polyetheretherketone (PEEK) provides attractive opportunities in the aerospace, automotive, electronics, oil & gas, and medical end use. The polyetheretherketone (PEEK) market is expected to reach $1.3 billion by 2028 with a CAGR of 5.3%. In this market, electronics is the largest segment by end use, whereas electronics is largest by end use. Development of new applications, such as car gears, dental disc, and knee implants provides strategic growth path in this market.
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Based on end use, the polyetheretherketone (PEEK) market is segmented into unfilled, carbon composites and glass composites. The electronics segment accounted for the largest share of the market in 2022 and is expected to register the highest CAGR during the forecast period, due to its wide use in mobile and semiconductor end uses.
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The Polyetheretherketone (PEEK) Market is marked by the presence of several big and small players. Some of the prominent players offering polyetheretherketone (PEEK) include Victrex, Solvay S.A, Evonik, Panjin Zhongrun, and Zypeek Jilin.
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