Polyether Ether Ketone (PEEK) Market Growth - Estimated At USD 831 Million By 2018

The worldwide polyether ether ketone (PEEK) market is projected to earn revenue worth USD 831 million by the end of the forecast phase. This phase spans across 2018 and begins in 2013. The size of the market is anticipated to expand at about 8 percent CAGR through the said phase. Huge demand for PEEK from the sectors of manufacturing, electronics and automotives is predicted to drive demand for the polyther ether ketone (PEEK) market. For Market Research Report on “Polyether Ether Ketone (PEEK) Market” Visit – http://www.grandviewresearch.com/industry-analysis/polyether-ether-ketone-peek-industry The worldwide polyether ether ketone (PEEK) market is leaded by North America and Europe. Demand for PEEK from the sector of aerospace increases the sales of this market in these regions. In the future, PEEK demand from developing nations is projected to augment with increased consciousness of the advantages of PEEK in different applications. PEEK implants are being increasingly adopted in the healthcare industry owing to the light weight and growing acceptable properties of PEEK. The polyether ether ketone (PEEK) market demand in healthcare from emergent and industrialized regions is anticipated to expand constantly in the future. However, the demand for PEEK in industrialized regions is predicted to record higher expansion in comparison to emergent regions in the future. Favorable features of PEEK, including low hygroscopic property, light weight and quality electrical characteristics propel further demand for the polyether ether ketone (PEEK) market. The primary consumer applications of the polyether ether ketone (PEEK) market are aerospace, automotives, insulation, electronics and electrical. Flow in demand for bio-friendly and effective materials is also one of the components, driving demand for the market. Research and development operations to augment the reach of polyether ether ketones are anticipated to offer growth prospects to the polyether ether ketone (PEEK) market. Polyether Ether Ketone (PEEK) Market   Information Source: Grand View Research

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