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

The Europe Polyether Ether Ketone (peek) Market is segmented by End User Industry (Aerospace, Automotive, Electrical and Electronics, Industrial and Machinery) and by Country (France, Germany, Italy, Russia, United Kingdom).

INSTANT ACCESS

Home right-chevron-icon Market Analysis right-chevron-icon Chemicals & Materials Research right-chevron-icon Plastics, Polymers, and Elastomers Research right-chevron-icon Europe Polyether Ether Ketone (peek) Market

Europe Polyether Ether Ketone (peek) Market Size

Europe Polyether Ether Ketone (peek) Market Summary
share button
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 419.2 Million
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2023) USD 271.3 Million
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by End User Industry Aerospace
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2023 - 2029) 7.53 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country Germany

Major Players
major-player-company-image

*Disclaimer: Major Players sorted in no particular order

Key Players

WHY BUY FROM US?
1. CRISP & INSIGHTFUL
2. TRUE BOTTOM-UP
3. EXHAUSTIVENESS
4. TRANSPARENCY
5. CONVENIENCE
KNOW MORE

Europe Polyether Ether Ketone (peek) Market Analysis

The Europe Polyether Ether Ketone (peek) Market is projected to register a CAGR of 7.53%

  • Aerospace 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.
  • Germany is the Largest Country. Due to the escalating demand for PEEK-based products in major industries, including machinery, aerospace, and automotive in recent years, Germany occupied the highest market share.
  • United Kingdom is the Fastest-growing Country. Due to the increasing demand for high-performance materials, majorly from the aerospace industry, the United Kingdom is likely to be the fastest-growing market in the region.

Europe Polyether Ether Ketone (peek) Market Trends

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

GROWING DEMAND FOR HIGH QUALITY AIRCRAFT COMPONENTS TO DRIVE THE MARKET GROWTH

  • PEEK resin is widely used across numerous industries due to its lightweight nature, high strength, low fatigue, and low flammability. It possesses remarkable resistance to combustion, withstanding temperatures up to approximately 600°C.
  • In 2020, the PEEK market in Europe faced a decline, a phenomenon attributable to the COVID-19 pandemic. The market value decreased by 20.43% in comparison to 2019, a result of supply chain disruptions, raw material shortages, and nationwide lockdowns in various countries across the region. Despite these setbacks, the demand for PEEK rebounded, showing a growth rate of 15.32% in 2021, driven primarily by a more reliable supply of raw materials.
  • One major industry where PEEK resin finds significant application is aerospace. It is extensively used in manufacturing interior aircraft parts, flight control components, and various other parts. The escalating production of aerospace components in the region is anticipated to spur the demand for PEEK resin in the years to come. It is projected that the revenue from aircraft component production will increase to USD 348 billion by 2029 from USD 224 billion in 2022.
  • The electrical and electronics industry is the fastest-growing consumer of PEEK resin in Europe, with a CAGR of 8.75% in terms of value during the forecast period, 2023-2029. The usage of PEEK resin in this industry is forecasted to reach approximately 402 tons by 2029. The burgeoning demand for European electronics is expected to further drive the demand for PEEK resin. For example, the electronics market in the region is projected to grow from USD 166.7 billion in 2023 to USD 219.8 billion in 2027.
Europe Polyether Ether Ketone (peek) Market: Europe Polyether Ether Ketone (peek) Market, CAGR, %, By End User Industry, 2023 - 2029

GERMANY IS THE LARGEST CONSUMER OF PEEK RESIN IN THE REGION

  • Europe accounted for 37% of the global consumption of PEEK resin in 2022. Due to its ability to withstand high temperatures, resistance to radiation and chemicals, along with good strength-to-weight ratio, PEEK resin is widely used in various industries all over the region.
  • In 2022, Europe consumed a total volume of 2,478 tons of PEEK resin out of which Germany accounted for the consumption of 514 tons, making it the largest consumer of PEEK in the region. This can be attributed to the aerospace industry which accounted for nearly 19% by volume compared to the overall aerospace in the Europe PEEK market. Additionally, the rising global demand for German machine tools and equipment has also served as a growth factor for the PEEK resin market. The industrial and machinery segment in the country accounts for USD 17 million of the overall Europe market which stood at USD 80 million.
  • France is the second-largest consumer of PEEK resin in Europe led by the aerospace industry followed by the electrical & electronics industry which comprises nearly 66% and 14%, respectively of France's total PEEK consumption in those segments.
  • The United Kingdom PEEK market is the fastest-growing segment and is predicted to witness a CAGR of 8.54% in terms of value during the forecast period [2023-2029]. The country's aerospace industry is the second largest consumer of PEEK in Europe during 2022 and is expected to see a surge in the production of aerospace components from USD 44 billion in 2022 to USD 70.8 billion by 2029 which is likely to raise the consumption of PEEK resin in the future.
Europe Polyether Ether Ketone (peek) Market: Europe Polyether Ether Ketone (peek) Market, CAGR, %, By Country, 2023 - 2029

Europe Polyether Ether Ketone (peek) Industry Overview

The Europe Polyether Ether Ketone (peek) Market is fairly consolidated, with the top five companies occupying 100%. The major players in this market are BARLOG Plastics GmbH, Evonik Industries AG, Polyplastics-Evonik Corporation, Solvay and Victrex (sorted alphabetically).

Europe Polyether Ether Ketone (peek) Market Leaders

  1. BARLOG Plastics GmbH

  2. Evonik Industries AG

  3. Polyplastics-Evonik Corporation

  4. Solvay

  5. Victrex

*Disclaimer: Major Players sorted in no particular order

Europe Polyether Ether Ketone (peek) Market Concentration
bookmark Need More Details on Market Players and Competitors?
Download PDF

Europe 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).
  • February 2023: Victrex PLC revealed its plans to invest in the expansion of its medical division, Invibio Biomaterial Solutions, which includes establishing a new product development facility in Leeds, United Kingdom.
  • July 2022: Solvay introduced a new grade of KetaSpire PEEK, KT-850 SCF 30, designed for the precision brake system and e-mobility pump components.

Europe 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. France

      2. 3.2.2. Germany

      3. 3.2.3. Italy

      4. 3.2.4. Russia

      5. 3.2.5. United Kingdom

      6. 3.2.6. Rest of Europe

  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. BARLOG Plastics GmbH

      2. 4.4.2. Evonik Industries AG

      3. 4.4.3. Pan Jin Zhongrun High Performance Polymer Co.,Ltd

      4. 4.4.4. Polyplastics-Evonik Corporation

      5. 4.4.5. Solvay

      6. 4.4.6. Victrex

      7. 4.4.7. Zhejiang Pengfulong Technology Co., Ltd.

  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. EUROPE AEROSPACE COMPONENT PRODUCTION, VALUE IN USD, 2017-2029
  1. Figure 2:  
  2. EUROPE AUTOMOBILE PRODUCTION, VOLUME IN UNITS, 2017-2029
  1. Figure 3:  
  2. EUROPE NEW CONSTRUCTION FLOOR AREA, IN SQUARE FEET, 2017-2029
  1. Figure 4:  
  2. EUROPE ELECTRICAL AND ELECTRONICS PRODUCTION, VALUE IN USD, 2017-2029
  1. Figure 5:  
  2. EUROPE PLASTIC PACKAGING PRODUCTION, VOLUME IN TONS, 2017-2029
  1. Figure 6:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, VOLUME, TONS, 2017 - 2029
  1. Figure 7:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, VALUE, USD, 2017 - 2029
  1. Figure 8:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, BY END USER INDUSTRY, VOLUME, TONS, 2017 - 2029
  1. Figure 9:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, BY END USER INDUSTRY, VALUE, USD, 2017 - 2029
  1. Figure 10:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, BY END USER INDUSTRY, VOLUME SHARE(%), 2017 - 2029
  1. Figure 11:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, BY END USER INDUSTRY, VALUE SHARE(%), 2017 - 2029
  1. Figure 12:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, AEROSPACE, VOLUME, TONS, 2017 - 2029
  1. Figure 13:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, AEROSPACE, VALUE, USD, 2017 - 2029
  1. Figure 14:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, AEROSPACE, BY COUNTRY, VALUE SHARE(%), 2022 VS 2029
  1. Figure 15:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, AUTOMOTIVE, VOLUME, TONS, 2017 - 2029
  1. Figure 16:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, AUTOMOTIVE, VALUE, USD, 2017 - 2029
  1. Figure 17:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, AUTOMOTIVE, BY COUNTRY, VALUE SHARE(%), 2022 VS 2029
  1. Figure 18:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, ELECTRICAL AND ELECTRONICS, VOLUME, TONS, 2017 - 2029
  1. Figure 19:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, ELECTRICAL AND ELECTRONICS, VALUE, USD, 2017 - 2029
  1. Figure 20:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, ELECTRICAL AND ELECTRONICS, BY COUNTRY, VALUE SHARE(%), 2022 VS 2029
  1. Figure 21:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, INDUSTRIAL AND MACHINERY, VOLUME, TONS, 2017 - 2029
  1. Figure 22:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, INDUSTRIAL AND MACHINERY, VALUE, USD, 2017 - 2029
  1. Figure 23:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, INDUSTRIAL AND MACHINERY, BY COUNTRY, VALUE SHARE(%), 2022 VS 2029
  1. Figure 24:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, OTHER END-USER INDUSTRIES, VOLUME, TONS, 2017 - 2029
  1. Figure 25:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, OTHER END-USER INDUSTRIES, VALUE, USD, 2017 - 2029
  1. Figure 26:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, OTHER END-USER INDUSTRIES, BY COUNTRY, VALUE SHARE(%), 2022 VS 2029
  1. Figure 27:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, BY COUNTRY, VOLUME, TONS, 2017 - 2029
  1. Figure 28:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, BY COUNTRY, VALUE, USD, 2017 - 2029
  1. Figure 29:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, BY COUNTRY, VOLUME SHARE(%), 2017 - 2029
  1. Figure 30:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, BY COUNTRY, VALUE SHARE(%), 2017 - 2029
  1. Figure 31:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, FRANCE, VOLUME, TONS, 2017 - 2029
  1. Figure 32:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, FRANCE, VALUE, USD, 2017 - 2029
  1. Figure 33:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, FRANCE, BY END USER INDUSTRY, VALUE SHARE(%), 2022 VS 2029
  1. Figure 34:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, GERMANY, VOLUME, TONS, 2017 - 2029
  1. Figure 35:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, GERMANY, VALUE, USD, 2017 - 2029
  1. Figure 36:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, GERMANY, BY END USER INDUSTRY, VALUE SHARE(%), 2022 VS 2029
  1. Figure 37:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, ITALY, VOLUME, TONS, 2017 - 2029
  1. Figure 38:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, ITALY, VALUE, USD, 2017 - 2029
  1. Figure 39:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, ITALY, BY END USER INDUSTRY, VALUE SHARE(%), 2022 VS 2029
  1. Figure 40:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, RUSSIA, VOLUME, TONS, 2017 - 2029
  1. Figure 41:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, RUSSIA, VALUE, USD, 2017 - 2029
  1. Figure 42:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, RUSSIA, BY END USER INDUSTRY, VALUE SHARE(%), 2022 VS 2029
  1. Figure 43:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, UNITED KINGDOM, VOLUME, TONS, 2017 - 2029
  1. Figure 44:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, UNITED KINGDOM, VALUE, USD, 2017 - 2029
  1. Figure 45:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, UNITED KINGDOM, BY END USER INDUSTRY, VALUE SHARE(%), 2022 VS 2029
  1. Figure 46:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, REST OF EUROPE, VOLUME, TONS, 2017 - 2029
  1. Figure 47:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, REST OF EUROPE, VALUE, USD, 2017 - 2029
  1. Figure 48:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, REST OF EUROPE, BY END USER INDUSTRY, VALUE SHARE(%), 2022 VS 2029
  1. Figure 49:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2019 - 2021
  1. Figure 50:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET, MOST ADOPTED STRATEGIES, 2019 - 2021
  1. Figure 51:  
  2. EUROPE POLYETHER ETHER KETONE (PEEK) MARKET SHARE(%), BY MAJOR PLAYERS PRODUCTION CAPACITY, 2022

Europe Polyether Ether Ketone (peek) Industry Segmentation

Aerospace, Automotive, Electrical and Electronics, Industrial and Machinery are covered as segments by End User Industry. France, Germany, Italy, Russia, United Kingdom are covered as segments by Country.
End User Industry
Aerospace
Automotive
Electrical and Electronics
Industrial and Machinery
Other End-user Industries
Country
France
Germany
Italy
Russia
United Kingdom
Rest of Europe
customize-icon Need A Different Region Or Segment?
Customize Now

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.
bookmark Need More Details on Market Definition?
Ask a Question

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
download-icon Get More Details On Research Methodology
Download PDF
close-icon
80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

WHY BUY FROM US?
card-img
01. Crisp, insightful analysis
Our focus is NOT on word count. We present only the key trends impacting the market so you don’t waste time finding a needle in the haystack.
card-img
02. True Bottom-Up Approach
We study the industry, not just the market. Our bottom-up approach ensures we have a broad and deep understanding of the forces that shape the industry.
card-img
03. Exhaustive Data
Tracking a million data points on the engineering plastics industry. Our constant market tracking covers over 1 million+ data points spanning 45 countries and over 150 companies just for the engineering plastics industry.
card-img
04. Transparency
Know where your data comes from. Most market reports today hide the sources used behind the veil of a proprietary model. We proudly present them so you can trust our information.
card-img
05. Convenience
Tables belong in spreadsheets. Like you, we also believe that spreadsheets are better suited for data evaluation. We don't clutter our reports with data tables. We provide an excel document with each report that contains all the data used to analyze the market.

Europe Polyether Ether Ketone (peek) Market Research FAQs

The Europe Polyether Ether Ketone (peek) Market size is expected to reach USD 271.26 million in 2023 and grow at a CAGR of 7.53% to reach USD 419.22 million by 2029.

In 2023, the Europe Polyether Ether Ketone (peek) Market size is expected to reach USD 271.26 million.

BARLOG Plastics GmbH, Evonik Industries AG, Polyplastics-Evonik Corporation, Solvay and Victrex are the major companies operating in the Europe Polyether Ether Ketone (peek) Market.

In the Europe Polyether Ether Ketone (peek) Market, the Aerospace segment accounts for the largest share by end user industry.

In 2023, Germany accounts for the largest share by country in the Europe Polyether Ether Ketone (peek) Market.

Europe Polyether Ether Ketone (peek) Industry Report

Statistics for the 2022 Europe Polyether Ether Ketone (peek) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe 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.

Europe Polyether Ether Ketone (peek) Market Report Snapshots