Polyether Ether Ketone (PEEK) Market, By Product Type (Glass-filled, Carbon-filled, and Unfilled), By Application (Automotive, Aerospace, Electrical & Electronics, Medical, Oil & Gas, and Others), and By Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Polyether ether ketone (PEEK) is an organic thermoplastic polymer in the polyaryletherketone family. PEEK is a colorless semi-crystalline thermoplastic with various chemical and mechanical properties that can sustain high temperatures. It is rigid, strong, tough, and has superior creep-resistant properties. PEEK is highly resistant to the organic and aqueous environment, as well as to thermal degradation. Owing to its properties, it is extensively used in fabricating items such as piston parts, electrical cable insulations, pumps, and High Pressure Liquid Chromatography columns.
Market Dynamics
PEEK is emerging as an environment-friendly solution for various applications like automobile industry. Its usage leads to low carbon emissions compared to other polymers including anti-lock braking system , polyester laminate, polyvinyl chloride, polystyrene, and polysulphone. PEEK increases the life of the products in which it is used by providing excellent corrosion resistance. It can also perform under high temperatures for a more extended period than other polymers. It is one of the most versatile products, in terms of providing manufacturing design freedom and thus results in less dependence on labor.
PEEK’s mechanical properties over a wide temperature range make it useful in manufacturing car components, ranging from internal decoration parts and functional materials to exterior parts, structural parts, and others. The good resistance, friction, and mechanical properties of PEEK promote its usage in the manufacturing of inner engine covers, manufacturing of ABS valves, gaskets, and others in automobile bearing transmission, braking, and air-conditioning systems, clutch gear ring, and various other parts. Therefore, it is estimated to drive the polyether ether ketone market growth over the forecast period.
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