Africa Polyether Ether Ketone (PEEK) Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The Africa Polyether Ether Ketone (PEEK) Market is segmented by End User Industry (Aerospace, Automotive, Electrical and Electronics, Industrial and Machinery) and by Country (Nigeria, South Africa).

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Africa Polyether Ether Ketone (PEEK) Market Size

Africa Polyether Ether Ketone (PEEK) Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 6.4 Million
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2023) USD 3.7 Million
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by End User Industry Automotive
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2023 - 2029) 9.64 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country South Africa

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Africa Polyether Ether Ketone (PEEK) Market Analysis

The Africa Polyether Ether Ketone (PEEK) Market is projected to register a CAGR of 9.64%

  • Automotive is the Largest End User Industry. Owing to the high demand for lightweight and high-impact resistance PEEK-based materials replacing traditional metal parts, the aerospace industry occupied the largest market share.
  • Electrical and Electronics is the Fastest-growing End User Industry. The growth of this segment is attributed to the rising demand for use in high-end applications, such as smart devices and electronic insulators used in harsh environmental conditions.
  • South Africa is the Largest Country. Due to the increasing demand for PEEK-based materials in a few industries, including automotive and medical in recent years, South Africa occupied the highest market share.
  • Nigeria is the Fastest-growing Country. Owing to the shifting demand toward high-performance medical devices, Nigeria is likely to register faster growth across the region over the forecast period.

Africa Polyether Ether Ketone (PEEK) Market Trends

This section covers the major market trends shaping the Africa Polyether Ether Ketone (PEEK) Market according to our research experts:

GOVERNMENT INITIATIVES DRIVING THE ELECTRICAL AND ELECTRONICS INDUSTRY'S MARKET DEMAND

  • PEEK material is prevalent in many industries due to its lightweight nature and high quality in terms of strength, low fatigue, and low flammability. Because of its low flammability, it can withstand combustion up to nearly 600 °C. In 2022, Africa’s PEEK resin consumption increased by 18.50% in terms of value compared to 2021.
  • PEEK resin is commonly used in the other-end user industries segments in Africa. The region produces consumer goods, such as kitchen and household utensils and furniture, using PEEK resin. The rising demand for consumer goods and medical equipment, among others, is expected to drive the demand for PEEK resins in the future. Consumption of medical facilities and equipment has increased with governments of different African countries investing in healthcare infrastructure. The African healthcare market is estimated to be worth USD 259 billion by 2030. Such factors are projected to drive the demand for PEEK resin across the region in the future.
  • Automotive is the second-largest end-user industry for PEEK resin in the region. The rising vehicle production in the region is expected to drive the demand for PEEK resin in the coming years. Vehicle production is projected to reach 1.74 million units by 2029 from 1.23 million units in 2023.
  • The electrical and electronics segment is the fastest-growing end-user industry for PEEK resin in the region, which is projected to register a CAGR of 10.66% in terms of value during the forecast period (2023-2029). Consumer electronics demand is expected to rise during the forecast period as a result of technological advancements. The value of the consumer electronics industry in Africa is projected to reach USD 19.90 billion by 2027 from USD 11.78 billion in 2023. This growth in the electrical and electronics industry in the region is projected to drive the demand for PEEK resin in the future.
Africa Polyether Ether Ketone (PEEK) Market: Africa Polyether Ether Ketone (PEEK) Market, CAGR, %, By End User Industry, 2023 - 2029

SOUTH AFRICA TO DOMINATE THE MARKET DURING THE FORECAST PERIOD

  • Africa accounted for nearly 0.5% of the global PEEK consumption in 2022. PEEK resins exhibit versatile properties, which find applications in various industries, such as automotive, packaging, electrical and electronics, and other industries.
  • South Africa is the largest consumer of PEEK resin in the region due to its rising aerospace, automotive, and electrical and electronics industries. The aircraft components production in the country reached a value of USD 574.9 million in 2022 from USD 559.8 million in 2021. The rising aircraft components production is projected to drive the demand for PEEK resin in the country in the coming years.
  • The Rest of Africa is the fastest-growing region for PEEK resins, which is anticipated to witness a CAGR of 11.75% in terms of value during the forecast period (2023-2029). The Rest of Africa's demand for PEEK resin is increasing significantly due to rising vehicle production and growing electrical and electronics industries. The rapid pace of electronic technological innovation drives consistent demand for newer and faster electrical and electronic products. The surge in demand for technologically advanced consumer electronics and appliances (such as smartphones, laptops, computers, cameras, and televisions) is expected to boost consumer electronics demand during the forecast period.
  • The consumer electronics segment in Nigeria is projected to reach a value of around USD 2.62 billion by 2027 from USD 2.08 billion in 2023. The growth in the electrical and electronics market in the country is projected to drive the demand for PEEK resin in the future.
Africa Polyether Ether Ketone (PEEK) Market: Africa Polyether Ether Ketone (PEEK) Market, CAGR, %, By Country, 2023 - 2029

Africa Polyether Ether Ketone (PEEK) Industry Overview

The Africa Polyether Ether Ketone (PEEK) Market is fairly consolidated, with the top three companies occupying 82.84%. The major players in this market are JILIN JOINATURE POLYMER CO., LTD., Pan Jin Zhongrun High Performance Polymer Co.,Ltd, Victrex (sorted alphabetically).

Africa Polyether Ether Ketone (PEEK) Market Leaders

  1. JILIN JOINATURE POLYMER CO., LTD.

  2. Pan Jin Zhongrun High Performance Polymer Co.,Ltd

  3. Victrex

*Disclaimer: Major Players sorted in no particular order

Africa Polyether Ether Ketone (PEEK) Market Concentration
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Africa Polyether Ether Ketone (PEEK) Market News

  • March 2023: Victrex PLC introduced a new type of implantable PEEK-OPTIMA polymer that is specifically designed for use in the manufacturing processes of medical device additives, such as fused deposition modeling (FDM) and fused filament fabrication (FFF).

Africa Polyether Ether Ketone (PEEK) Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  2. 2. KEY INDUSTRY TRENDS

    1. 2.1. End User Trends

    2. 2.2. Regulatory Framework

    3. 2.3. Value Chain & Distribution Channel Analysis

  3. 3. MARKET SEGMENTATION

    1. 3.1. End User Industry

      1. 3.1.1. Aerospace

      2. 3.1.2. Automotive

      3. 3.1.3. Electrical and Electronics

      4. 3.1.4. Industrial and Machinery

      5. 3.1.5. Other End-user Industries

    2. 3.2. Country

      1. 3.2.1. Nigeria

      2. 3.2.2. South Africa

      3. 3.2.3. Rest of Africa

  4. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles

      1. 4.4.1. JILIN JOINATURE POLYMER CO., LTD.

      2. 4.4.2. Pan Jin Zhongrun High Performance Polymer Co.,Ltd

      3. 4.4.3. Victrex

  5. 5. KEY STRATEGIC QUESTIONS FOR ENGINEERING PLASTICS CEOS

  6. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. AFRICA AEROSPACE COMPONENT PRODUCTION, VALUE IN USD, 2017-2029
  1. Figure 2:  
  2. AFRICA AUTOMOBILE PRODUCTION, VOLUME IN UNITS, 2017-2029
  1. Figure 3:  
  2. AFRICA NEW CONSTRUCTION FLOOR AREA, IN SQUARE FEET, 2017-2029
  1. Figure 4:  
  2. AFRICA ELECTRICAL AND ELECTRONICS PRODUCTION, VALUE IN USD, 2017-2029
  1. Figure 5:  
  2. AFRICA PLASTIC PACKAGING PRODUCTION, VOLUME IN TONS, 2017-2029
  1. Figure 6:  
  2. AFRICA POLYETHER ETHER KETONE (PEEK) MARKET, VOLUME, TONS, 2017 - 2029
  1. Figure 7:  
  2. AFRICA POLYETHER ETHER KETONE (PEEK) MARKET, VALUE, USD, 2017 - 2029
  1. Figure 8:  
  2. AFRICA POLYETHER ETHER KETONE (PEEK) MARKET, BY END USER INDUSTRY, VOLUME, TONS, 2017 - 2029
  1. Figure 9:  
  2. AFRICA POLYETHER ETHER KETONE (PEEK) MARKET, BY END USER INDUSTRY, VALUE, USD, 2017 - 2029
  1. Figure 10:  
  2. AFRICA POLYETHER ETHER KETONE (PEEK) MARKET, BY END USER INDUSTRY, VOLUME SHARE(%), 2017 - 2029
  1. Figure 11:  
  2. AFRICA POLYETHER ETHER KETONE (PEEK) MARKET, BY END USER INDUSTRY, VALUE SHARE(%), 2017 - 2029
  1. Figure 12:  
  2. AFRICA POLYETHER ETHER KETONE (PEEK) MARKET, AEROSPACE, VOLUME, TONS, 2017 - 2029
  1. Figure 13:  
  2. AFRICA POLYETHER ETHER KETONE (PEEK) MARKET, AEROSPACE, VALUE, USD, 2017 - 2029
  1. Figure 14:  
  2. AFRICA POLYETHER ETHER KETONE (PEEK) MARKET, AEROSPACE, BY COUNTRY, VALUE SHARE(%), 2022 VS 2029
  1. Figure 15:  
  2. AFRICA POLYETHER ETHER KETONE (PEEK) MARKET, AUTOMOTIVE, VOLUME, TONS, 2017 - 2029
  1. Figure 16:  
  2. AFRICA POLYETHER ETHER KETONE (PEEK) MARKET, AUTOMOTIVE, VALUE, USD, 2017 - 2029
  1. Figure 17:  
  2. AFRICA POLYETHER ETHER KETONE (PEEK) MARKET, AUTOMOTIVE, BY COUNTRY, VALUE SHARE(%), 2022 VS 2029
  1. Figure 18:  
  2. AFRICA POLYETHER ETHER KETONE (PEEK) MARKET, ELECTRICAL AND ELECTRONICS, VOLUME, TONS, 2017 - 2029
  1. Figure 19:  
  2. AFRICA POLYETHER ETHER KETONE (PEEK) MARKET, ELECTRICAL AND ELECTRONICS, VALUE, USD, 2017 - 2029
  1. Figure 20:  
  2. AFRICA POLYETHER ETHER KETONE (PEEK) MARKET, ELECTRICAL AND ELECTRONICS, BY COUNTRY, VALUE SHARE(%), 2022 VS 2029
  1. Figure 21:  
  2. AFRICA POLYETHER ETHER KETONE (PEEK) MARKET, INDUSTRIAL AND MACHINERY, VOLUME, TONS, 2017 - 2029
  1. Figure 22:  
  2. AFRICA POLYETHER ETHER KETONE (PEEK) MARKET, INDUSTRIAL AND MACHINERY, VALUE, USD, 2017 - 2029
  1. Figure 23:  
  2. AFRICA POLYETHER ETHER KETONE (PEEK) MARKET, INDUSTRIAL AND MACHINERY, BY COUNTRY, VALUE SHARE(%), 2022 VS 2029
  1. Figure 24:  
  2. AFRICA POLYETHER ETHER KETONE (PEEK) MARKET, OTHER END-USER INDUSTRIES, VOLUME, TONS, 2017 - 2029
  1. Figure 25:  
  2. AFRICA POLYETHER ETHER KETONE (PEEK) MARKET, OTHER END-USER INDUSTRIES, VALUE, USD, 2017 - 2029
  1. Figure 26:  
  2. AFRICA POLYETHER ETHER KETONE (PEEK) MARKET, OTHER END-USER INDUSTRIES, BY COUNTRY, VALUE SHARE(%), 2022 VS 2029
  1. Figure 27:  
  2. AFRICA POLYETHER ETHER KETONE (PEEK) MARKET, BY COUNTRY, VOLUME, TONS, 2017 - 2029
  1. Figure 28:  
  2. AFRICA POLYETHER ETHER KETONE (PEEK) MARKET, BY COUNTRY, VALUE, USD, 2017 - 2029
  1. Figure 29:  
  2. AFRICA POLYETHER ETHER KETONE (PEEK) MARKET, BY COUNTRY, VOLUME SHARE(%), 2017 - 2029
  1. Figure 30:  
  2. AFRICA POLYETHER ETHER KETONE (PEEK) MARKET, BY COUNTRY, VALUE SHARE(%), 2017 - 2029
  1. Figure 31:  
  2. AFRICA POLYETHER ETHER KETONE (PEEK) MARKET, NIGERIA, VOLUME, TONS, 2017 - 2029
  1. Figure 32:  
  2. AFRICA POLYETHER ETHER KETONE (PEEK) MARKET, NIGERIA, VALUE, USD, 2017 - 2029
  1. Figure 33:  
  2. AFRICA POLYETHER ETHER KETONE (PEEK) MARKET, NIGERIA, BY END USER INDUSTRY, VALUE SHARE(%), 2022 VS 2029
  1. Figure 34:  
  2. AFRICA POLYETHER ETHER KETONE (PEEK) MARKET, SOUTH AFRICA, VOLUME, TONS, 2017 - 2029
  1. Figure 35:  
  2. AFRICA POLYETHER ETHER KETONE (PEEK) MARKET, SOUTH AFRICA, VALUE, USD, 2017 - 2029
  1. Figure 36:  
  2. AFRICA POLYETHER ETHER KETONE (PEEK) MARKET, SOUTH AFRICA, BY END USER INDUSTRY, VALUE SHARE(%), 2022 VS 2029
  1. Figure 37:  
  2. AFRICA POLYETHER ETHER KETONE (PEEK) MARKET, REST OF AFRICA, VOLUME, TONS, 2017 - 2029
  1. Figure 38:  
  2. AFRICA POLYETHER ETHER KETONE (PEEK) MARKET, REST OF AFRICA, VALUE, USD, 2017 - 2029
  1. Figure 39:  
  2. AFRICA POLYETHER ETHER KETONE (PEEK) MARKET, REST OF AFRICA, BY END USER INDUSTRY, VALUE SHARE(%), 2022 VS 2029
  1. Figure 40:  
  2. AFRICA POLYETHER ETHER KETONE (PEEK) MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2019 - 2021
  1. Figure 41:  
  2. AFRICA POLYETHER ETHER KETONE (PEEK) MARKET, MOST ADOPTED STRATEGIES, 2019 - 2021
  1. Figure 42:  
  2. AFRICA POLYETHER ETHER KETONE (PEEK) MARKET SHARE(%), BY MAJOR PLAYERS REVENUE, 2022

Africa Polyether Ether Ketone (PEEK) Industry Segmentation

Aerospace, Automotive, Electrical and Electronics, Industrial and Machinery are covered as segments by End User Industry. Nigeria, South Africa are covered as segments by Country.
End User Industry
Aerospace
Automotive
Electrical and Electronics
Industrial and Machinery
Other End-user Industries
Country
Nigeria
South Africa
Rest of Africa
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Market Definition

  • End-user Industry - Automotive, Aerospace, Industrial Machinery, Electrical & Electronics, and Others are the end-user industries considered under the polyether ether ketone market.
  • Resin - Under the scope of the study, virgin polyether ether ketone resin in primary forms such as powder, pellet, etc. are considered.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
  • Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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Africa Polyether Ether Ketone (PEEK) Market Research FAQs

The Africa Polyether Ether Ketone (PEEK) Market size is expected to reach USD 3.66 million in 2023 and grow at a CAGR of 9.64% to reach USD 6.36 million by 2029.

In 2023, the Africa Polyether Ether Ketone (PEEK) Market size is expected to reach USD 3.66 million.

JILIN JOINATURE POLYMER CO., LTD., Pan Jin Zhongrun High Performance Polymer Co.,Ltd and Victrex are the major companies operating in the Africa Polyether Ether Ketone (PEEK) Market.

In the Africa Polyether Ether Ketone (PEEK) Market, the Automotive segment accounts for the largest share by end user industry.

In 2023, South Africa accounts for the largest share by country in the Africa Polyether Ether Ketone (PEEK) Market.

Africa Polyether Ether Ketone (PEEK) Industry Report

Statistics for the 2022 Africa Polyether Ether Ketone (PEEK) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Africa Polyether Ether Ketone (PEEK) analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Africa Polyether Ether Ketone (PEEK) Market Report Snapshots