![]() ![]() PEEK as a potential alternative to metals in the automotive industry.Apart from this, the ability to process polyether ether ketone (PEEK) polymers with 3D printing makes it a desired material for its increased applications. Its melting temperature range can be processed and enhanced more using injection molding, extrusion methods, spray forming, or pressing methods. PEEK polymers melt at a relatively high temperature compared to other thermoplastics. Excellent characteristics and properties of PEEK.Metals used to be the materials of choice in the automotive, aerospace, medical devices and other industries, but now PEEK polymer is rapidly replacing them by complying with today's North America emission regulations and assisting in reducing CO2 emission through more efficient technology. Moreover, polyether ether ketone (PEEK) is regarded as a leading high-performance polymer throughout the plastic industry. These polymers have many emerging applications in the aerospace, automotive, oil & gas, medical and electronics industry in the near future, which will further enhance the growth prospects of the North America polyether ether ketone (PEEK) market. Rising applications of polyether ether ketone (PEEK) in various industries.All of this is discussed in detail below: This section deals with understanding the market drivers, opportunities, restraints and challenges. North America Polyether Ether Ketone (PEEK) Market Dynamics These properties make it highly suitable for industrial applications. Its chemical structure makes it highly resistant to chemical and radiation damage, compatible with reinforcing agents such as glass and carbon fibers and has greater strength than metals. Hence it can be sterilized with heat sterilization methods without affecting its properties. It shows resistance to deterioration during various sterilization procedures. It is a semi-crystalline thermoplastic with exceptional chemical and mechanical properties that are retained even at higher temperatures. It is a homopolymer having a single monomer. PEEK is a colorless organic thermoplastic polymer, a member of the poly aryl ether ketone (PAEK) family. Victrex Plc, Evonik Industries AG, Solvay, DAIKIN COMPOUNDING ITALY S.p.A, Freudenberg, Arkema, Ensinger, the Mitsubishi Chemical Group of Companies (A Subsidiary of Mitsubishi Chemical Group Corporation), Avient, BARLOG Plastics GmbH, SABIC, SAINT-GOBAIN, Westlake Plastics, among others Data Bridge Market Research analyses that the market is growing with a CAGR of 5.1% in the forecast period of 2022 to 2029 and is expected to reach USD 252.66 million by 2029.īy Type (Glass Filled, Carbon Filled, Unfilled and Others), Application (Bearings, Piston Parts, Pumps, HPLC Columns, Compressor Plate Valves, Cable Insulation, Biomedical and Other), End-Use (Aerospace, Automotive, Food & Beverage Processing, Oil & Gas, Electrical Industry, Energy, Medical and Others) The North America polyether ether ketone (PEEK) market is expected to gain significant growth in the forecast period of 2022 to 2029. However, challenging processing conditions for polyether ether ketones may challenge the North America polyether ether ketone (PEEK) market growth. Rapid advancement in medical and healthcare applications and stringent regulations to reduce CO2 emissions are expected to provide opportunities in the North America polyether ether ketone (PEEK) market. The major restraints that may negatively impact the North America polyether ether ketone (PEEK) market are the high costs of polyether ether ketone (PEEK) products and the easy availability of substitutes. The excellent characteristics and properties of PEEK and PEEK as a potential alternative to metals in the automotive industry are expected to propel the North America polyether ether ketone (PEEK) market growth. Rising polyether ether ketone (PEEK) applications in various industries are an important driver for the North America polyether ether ketone (PEEK) market. North America Polyether Ether Ketone (PEEK) Market Analysis and Insights North America Polyether Ether Ketone (PEEK) Market, By Type (Glass Filled, Carbon Filled, Unfilled and Others), Application (Bearings, Piston Parts, Pumps, HPLC Columns, Compressor Plate Valves, Cable Insulation, Biomedical and Other), End-Use (Aerospace, Automotive, Food & Beverage Processing, Oil & Gas, Electrical Industry, Energy, Medical and Others) - Industry Trends and Forecast to 2029. Through incorporating the Web's immediacy with the power of streaming audio and video, Data Bridge Market Research Webinars are one-hour, topic-specific seminars filled with the knowledge and perspectives needed to tackle business needs in the real world. Webinars offer cutting-edge market ideas and solutions through virtual Internet forums to its executive clients. ![]()
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