Polyaryletherketone (PAEK) Market: By Product (Polyetherketone (PEK), Polyetherketoneketone (PEKK), Polyether ether ketone (PEEK) and Others), By End User (Aerospace, Automotive, Electricals & Electronics, General Engineering, Medical, Military Weapons and Others) and Geography

Polyaryletherketone (PAEK) Market estimated to be valued USD 982 million in 2022 and poised to grow at significant CAGR of 6.7% over 2023-2029. Some of the key factors influencing the market include rising number of OEM companies, cost reduction across numerous end-used industries, increasing demand for PAEK owing to its superior properties and growing automotive and oil & gas industries. However, rising demand for substitutes such as PPS and PEI are hampering the market growth. In addition, global polyaryletherketone (PAEK) market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global polyaryletherketone (PAEK) market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the global polyaryletherketone (PAEK) market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global polyaryletherketone (PAEK) products. The presence of substitutes such as PPS and PEI and there increasing demand in the construction and automotive sectors is anticipated to restrict market growth. High-performance engineering plastic with numerous properties, such as excellent temperature properties, excellent chemical resistance and high creep resistance poses a challenge for the market. Global Polyaryletherketone (PAEK) market is surging owing to frequent acquisitions and launchings by the market players. For Instance, In February 2017, Solvay launched a new specialty polymer resin based unit in Augusta in Georgia, U.S. The particular resin processing facility, together with a site presence in Asia, was aimed at expanding its PEEK production capacity as well as gaining a significant foothold in the market.