Asia-pacific Polyether Ether Ketone (PEEK) Market Size
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 322.20 Million |
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Market Size (2029) | USD 479.79 Million |
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Largest Share by End User Industry | Industrial and Machinery |
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CAGR (2024 - 2029) | 8.29 % |
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Largest Share by Country | China |
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Market Concentration | High |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
Asia-pacific Polyether Ether Ketone (PEEK) Market Analysis
The Asia-pacific Polyether Ether Ketone (PEEK) Market size is estimated at 322.20 million USD in 2024, and is expected to reach 479.79 million USD by 2029, growing at a CAGR of 8.29% during the forecast period (2024-2029).
322.20 Million
Market Size in 2024 (USD)
479.79 Million
Market Size in 2029 (USD)
9.01 %
CAGR (2017-2023)
8.29 %
CAGR (2024-2029)
Largest Market by End-user Industry
27 %
value share, Industrial and Machinery, 2023
Owing to the high demand for lightweight and high-impact resistance PEEK-based materials replacing traditional metal parts, the industrial machinery segment occupied the largest market share.
Fastest Growing Market by End-user Industry
8.96 %
Projected CAGR, Electrical and Electronics, 2024-2029
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.
Largest Market by Country
59.51 %
value share, China, 2023
Due to the escalating demand for PEEK-based materials in major industries, including automotive, electronics, and machinery in recent years, China occupied the highest market share.
Fastest Growing Market by Country
8.58 %
Projected CAGR, China, 2024-2029
Owing to the increasing demand for high-performance consumer electronics and smart devices, China is likely to be the fastest-growing consumer.
Leading Market Player
18.87 %
market share, Evonik Industries AG, 2022
With the largest production capacity of around 1,500 tons of PEEK resin in Asia-Pacific, the company occupied the highest market share. The company offers different grades and forms of PEEK products.
Electronics and machinery industries rising as the most profitable
- PEEK resin is popular in many industries due to its lightweight nature and high quality in terms of strength, low fatigue, and low flammability. It resists combustion up to almost 600 °C. Asia-Pacific accounted for 41% of the overall global consumption of PEEK in 2022, making it the largest consumer of PEEK in the world.
- The automotive industry holds the largest market share in volume terms, which accounted for 28% of the region's total PEEK consumption in 2022. The Chinese automotive industry was the region's largest PEEK consumer in 2022. China is an emerging exporter of small- and medium-sized vehicles, with companies like Geely, Chery, and BYD setting up manufacturing plants in the country to penetrate developing vehicle markets abroad. This factor is expected to increase the production of vehicles and the usage of PEEK in the country in the future. Vehicle production in China is expected to reach 64.7 million units by 2029 compared to 46.6 million units in 2022.
- The electrical and electronics industry is the fastest-growing industry in terms of value. The industry is predicted to register a CAGR of 9.01% in terms of value during the forecast period (2023-2029). PEEK is commonly used in the semiconductor industry due to its high electric insulation properties. PEEK is used to manufacture wafer bearers, electronic insulating films, printed circuit boards, high-temperature connectors, cable plugs, battery housing, etc. The growing demand for semiconductor chips and PCBs is anticipated to increase the consumption of PEEK in the coming years. For instance, Asia-Pacific's electrical and electronics production revenue is expected to reach USD 6,742 billion by 2029 compared to USD 4,301 billion in 2022.
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China to dominate PEEK resin consumption in the coming years
- Asia-Pacific accounted for nearly 41% of the global polyether ether ketone (PEEK) resin consumption in 2022. PEEK resins exhibit versatile properties, due to which they find applications in various industries such as automotive, industrial and machinery, and electrical and electronics.
- China was the largest consumer of PEEK resin in the region in 2022, and it is predicted to witness a CAGR of 8.78% in terms of value during the forecast period (2023-2029), making it the fastest-growing consumer as well. This high share can be attributed to the growing electrical and electronics industry in the country. The Chinese electrical and electronics industry held 27% of the market share by volume in 2022 in the Asia-Pacific region, and it is expected to register a CAGR of 8.89% in value during the forecast period.
- Owing to its high electric insulation properties, PEEK is commonly used to manufacture various connecting devices, along with wafer bearers, insulating films, connectors, printed circuit boards, high-temperature connectors, cable plugs, battery housing, etc., for semiconductors. The growing semiconductor industry in the country is expected to drive the demand for PEEK resin in the coming years. For instance, China's semiconductor industry is projected to generate a revenue of USD 217 billion by 2023, growing annually at a rate of 7.83%.
- Japan was the second-largest country in terms of PEEK consumption in the region in 2022. The automotive industry is the major consumer of PEEK in Japan. The industry occupied 46% of the market share by value in 2022, which can be attributed to increasing vehicle production. Vehicle production in Japan reached 9,405 thousand units in 2022 from 9,088 thousand units in 2021.
Asia-pacific Polyether Ether Ketone (PEEK) Market Trends
Rapid growth in ASEAN countries to foster electronics production
- The Asia-Pacific region saw an increase in electrical and electronics production revenue by 13.9% from 2020 to 2021. The electronics sector accounts for 20-50% of the total value of most Asian countries' exports. Consumer electronics such as televisions, radios, computers, and cellular phones are largely manufactured in the ASEAN region.
- ASEAN leads the production of hard drives, with over 80% of hard drives being manufactured in the region. Overall, the electrical and electronics (E&E) industry in ASEAN relies more on foreign inputs and technology than other industries, with 53% of E&E exports arising from foreign value added (FVA) or foreign inputs integrated into ASEAN’s E&E exports.
- Countries like Thailand and Malaysia lead in the production of electronics in the region. Thailand, home to one of the largest electronics assembly bases in Southeast Asia, leads in the production of hard drives, integrated circuits, and semiconductors. It ranks second in manufacturing air conditioning units and fourth in the global refrigerators market.
- The electronics industry has greatly benefitted from ASEAN's integrated production networks, which foster improved trade with larger Asian economies like China and Japan.
- China held an 11.2% share of global exports in electrical products and registered a growth of 5.8% in the export of digital products from 2019 to 2020. According to the Asian Development Bank, China provides a large market for electronics in the region. Countries such as Thailand, Japan, China, Malaysia, India, and the Philippines continue to lead the region in the production of electronics.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Rapid growth of civil aviation to drive the aerospace component production
- Growing FDI, coupled with supportive government initiatives, to drive the construction industry
- Electric vehicles to boost the automobile market in the coming years
- Evolving consumer trends and growing e-commerce sector to amplify plastic packaging industry
Asia-pacific Polyether Ether Ketone (PEEK) Industry Overview
The Asia-pacific Polyether Ether Ketone (PEEK) Market is fairly consolidated, with the top five companies occupying 75.47%. The major players in this market are Evonik Industries AG, Jilin Joinature Polymer Co., Ltd., Pan Jin Zhongrun High Performance Polymer Co.,Ltd, Solvay and Zibo Bainaisi Chemical Co.,Ltd (sorted alphabetically).
Asia-pacific Polyether Ether Ketone (PEEK) Market Leaders
Evonik Industries AG
Jilin Joinature Polymer Co., Ltd.
Pan Jin Zhongrun High Performance Polymer Co.,Ltd
Solvay
Zibo Bainaisi Chemical Co.,Ltd
Market/1708339325599_Asia-pacificPolyetherEtherKetone(PEEK)Market_market_concentration.svg)
Other important companies include Jiangsu Junhua ChinaPEEK, PBI Advanced Materials Co.,Ltd., Polyplastics-Evonik Corporation, Shandong Haoran Special Plastic Co., Ltd., Zhejiang Pengfulong Technology Co., Ltd..
*Disclaimer: Major Players sorted in alphabetical order.
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Asia-pacific Polyether Ether Ketone (PEEK) Market News
- 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.
- May 2022: Jilin Joinature Polymer Co. Ltd developed an ultra-high-purity PEEK material that can replace traditional enameled wire covering polyethylene, silicone rubber, PTFE, and other materials.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 15+ free charts, the section covers rare data on various end-user production trends including passenger vehicle production, commercial vehicle production, motorcycle production, aerospace components production, electrical and electronics production, and regional data for engineering plastics demand etc.
Asia-pacific Polyether Ether Ketone (PEEK) Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. End User Trends
2.1.1. Aerospace
2.1.2. Automotive
2.1.3. Building and Construction
2.1.4. Electrical and Electronics
2.1.5. Packaging
2.2. Regulatory Framework
2.2.1. Australia
2.2.2. China
2.2.3. India
2.2.4. Japan
2.2.5. Malaysia
2.2.6. South Korea
2.3. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
3.1. End User Industry
3.1.1. Aerospace
3.1.2. Automotive
3.1.3. Electrical and Electronics
3.1.4. Industrial and Machinery
3.1.5. Other End-user Industries
3.2. Country
3.2.1. Australia
3.2.2. China
3.2.3. India
3.2.4. Japan
3.2.5. Malaysia
3.2.6. South Korea
3.2.7. Rest of Asia-Pacific
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
4.4.1. Evonik Industries AG
4.4.2. Jiangsu Junhua ChinaPEEK
4.4.3. Jilin Joinature Polymer Co., Ltd.
4.4.4. Pan Jin Zhongrun High Performance Polymer Co.,Ltd
4.4.5. PBI Advanced Materials Co.,Ltd.
4.4.6. Polyplastics-Evonik Corporation
4.4.7. Shandong Haoran Special Plastic Co., Ltd.
4.4.8. Solvay
4.4.9. Zhejiang Pengfulong Technology Co., Ltd.
4.4.10. Zibo Bainaisi Chemical Co.,Ltd
5. KEY STRATEGIC QUESTIONS FOR ENGINEERING PLASTICS CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework (Industry Attractiveness Analysis)
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- PRODUCTION REVENUE OF AEROSPACE COMPONENTS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 2:
- PRODUCTION VOLUME OF AUTOMOBILES, UNITS, ASIA-PACIFIC, 2017 - 2029
- Figure 3:
- FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, ASIA-PACIFIC, 2017 - 2029
- Figure 4:
- PRODUCTION REVENUE OF ELECTRICAL AND ELECTRONICS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 5:
- PRODUCTION VOLUME OF PLASTIC PACKAGING, TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 6:
- VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 7:
- VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 8:
- VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 9:
- VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 10:
- VOLUME SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, ASIA-PACIFIC, 2017, 2023, AND 2029
- Figure 11:
- VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, ASIA-PACIFIC, 2017, 2023, AND 2029
- Figure 12:
- VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN AEROSPACE INDUSTRY, TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 13:
- VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN AEROSPACE INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 14:
- VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN AEROSPACE INDUSTRY BY COUNTRY, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 15:
- VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN AUTOMOTIVE INDUSTRY, TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 16:
- VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN AUTOMOTIVE INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 17:
- VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN AUTOMOTIVE INDUSTRY BY COUNTRY, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 18:
- VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 19:
- VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 20:
- VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY BY COUNTRY, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 21:
- VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 22:
- VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 23:
- VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY BY COUNTRY, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 24:
- VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 25:
- VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 26:
- VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY COUNTRY, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 27:
- VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 28:
- VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 29:
- VOLUME SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2017, 2023, AND 2029
- Figure 30:
- VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2017, 2023, AND 2029
- Figure 31:
- VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, AUSTRALIA, 2017 - 2029
- Figure 32:
- VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, AUSTRALIA, 2017 - 2029
- Figure 33:
- VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2022 VS 2029
- Figure 34:
- VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, CHINA, 2017 - 2029
- Figure 35:
- VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, CHINA, 2017 - 2029
- Figure 36:
- VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, CHINA, 2022 VS 2029
- Figure 37:
- VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, INDIA, 2017 - 2029
- Figure 38:
- VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, INDIA, 2017 - 2029
- Figure 39:
- VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, INDIA, 2022 VS 2029
- Figure 40:
- VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, JAPAN, 2017 - 2029
- Figure 41:
- VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, JAPAN, 2017 - 2029
- Figure 42:
- VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, JAPAN, 2022 VS 2029
- Figure 43:
- VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, MALAYSIA, 2017 - 2029
- Figure 44:
- VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, MALAYSIA, 2017 - 2029
- Figure 45:
- VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, MALAYSIA, 2022 VS 2029
- Figure 46:
- VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, SOUTH KOREA, 2017 - 2029
- Figure 47:
- VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, SOUTH KOREA, 2017 - 2029
- Figure 48:
- VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, SOUTH KOREA, 2022 VS 2029
- Figure 49:
- VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, REST OF ASIA-PACIFIC, 2017 - 2029
- Figure 50:
- VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, REST OF ASIA-PACIFIC, 2017 - 2029
- Figure 51:
- VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, REST OF ASIA-PACIFIC, 2022 VS 2029
- Figure 52:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, ASIA-PACIFIC, 2019 - 2021
- Figure 53:
- MOST ADOPTED STRATEGIES, COUNT, ASIA-PACIFIC, 2019 - 2021
- Figure 54:
- PRODUCTION CAPACITY SHARE OF POLYETHER ETHER KETONE (PEEK) BY MAJOR PLAYERS, %, ASIA-PACIFIC, 2022
Asia-pacific Polyether Ether Ketone (PEEK) Industry Segmentation
Aerospace, Automotive, Electrical and Electronics, Industrial and Machinery are covered as segments by End User Industry. Australia, China, India, Japan, Malaysia, South Korea are covered as segments by Country.
- PEEK resin is popular in many industries due to its lightweight nature and high quality in terms of strength, low fatigue, and low flammability. It resists combustion up to almost 600 °C. Asia-Pacific accounted for 41% of the overall global consumption of PEEK in 2022, making it the largest consumer of PEEK in the world.
- The automotive industry holds the largest market share in volume terms, which accounted for 28% of the region's total PEEK consumption in 2022. The Chinese automotive industry was the region's largest PEEK consumer in 2022. China is an emerging exporter of small- and medium-sized vehicles, with companies like Geely, Chery, and BYD setting up manufacturing plants in the country to penetrate developing vehicle markets abroad. This factor is expected to increase the production of vehicles and the usage of PEEK in the country in the future. Vehicle production in China is expected to reach 64.7 million units by 2029 compared to 46.6 million units in 2022.
- The electrical and electronics industry is the fastest-growing industry in terms of value. The industry is predicted to register a CAGR of 9.01% in terms of value during the forecast period (2023-2029). PEEK is commonly used in the semiconductor industry due to its high electric insulation properties. PEEK is used to manufacture wafer bearers, electronic insulating films, printed circuit boards, high-temperature connectors, cable plugs, battery housing, etc. The growing demand for semiconductor chips and PCBs is anticipated to increase the consumption of PEEK in the coming years. For instance, Asia-Pacific's electrical and electronics production revenue is expected to reach USD 6,742 billion by 2029 compared to USD 4,301 billion in 2022.
| End User Industry | |
| Aerospace | |
| Automotive | |
| Electrical and Electronics | |
| Industrial and Machinery | |
| Other End-user Industries |
| Country | |
| Australia | |
| China | |
| India | |
| Japan | |
| Malaysia | |
| South Korea | |
| Rest of Asia-Pacific |
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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.
| Keyword | Definition |
|---|---|
| Acetal | This is a rigid material that has a slippery surface. It can easily withstand wear and tear in abusive work environments. This polymer is used for building applications such as gears, bearings, valve components, etc. |
| Acrylic | This synthetic resin is a derivative of acrylic acid. It forms a smooth surface and is mainly used for various indoor applications. The material can also be used for outdoor applications with a special formulation. |
| Cast film | A cast film is made by depositing a layer of plastic onto a surface then solidifying and removing the film from that surface. The plastic layer can be in molten form, in a solution, or in dispersion. |
| Colorants & Pigments | Colorants & Pigments are additives used to change the color of the plastic. They can be a powder or a resin/color premix. |
| Composite material | A composite material is a material that is produced from two or more constituent materials. These constituent materials have dissimilar chemical or physical properties and are merged to create a material with properties unlike the individual elements. |
| Degree of Polymerization (DP) | The number of monomeric units in a macromolecule, polymer, or oligomer molecule is referred to as the degree of polymerization or DP. Plastics with useful physical properties often have DPs in the thousands. |
| Dispersion | To create a suspension or solution of material in another substance, fine, agglomerated solid particles of one substance are dispersed in a liquid or another substance to form a dispersion. |
| Fiberglass | Fiberglass-reinforced plastic is a material made up of glass fibers embedded in a resin matrix. These materials have high tensile and impact strength. Handrails and platforms are two examples of lightweight structural applications that use standard fiberglass. |
| Fiber-reinforced polymer (FRP) | Fiber-reinforced polymer is a composite material made of a polymer matrix reinforced with fibers. The fibers are usually glass, carbon, aramid, or basalt. |
| Flake | This is a dry, peeled-off piece, usually with an uneven surface, and is the base of cellulosic plastics. |
| Fluoropolymers | This is a fluorocarbon-based polymer with multiple carbon-fluorine bonds. It is characterized by high resistance to solvents, acids, and bases. These materials are tough yet easy to machine. Some of the popular fluoropolymers are PTFE, ETFE, PVDF, PVF, etc. |
| Kevlar | Kevlar is the commonly referred name for aramid fiber, which was initially a Dupont brand for aramid fiber. Any group of lightweight, heat-resistant, solid, synthetic, aromatic polyamide materials that are fashioned into fibers, filaments, or sheets is called aramid fiber. They are classified into Para-aramid and Meta-aramid. |
| Laminate | A structure or surface composed of sequential layers of material bonded under pressure and heat to build up to the desired shape and width. |
| Nylon | They are synthetic fiber-forming polyamides formed into yarns and monofilaments. These fibers possess excellent tensile strength, durability, and elasticity. They have high melting points and can resist chemicals and various liquids. |
| PET preform | A preform is an intermediate product that is subsequently blown into a polyethylene terephthalate (PET) bottle or a container. |
| Plastic compounding | Compounding consists of preparing plastic formulations by mixing and/or blending polymers and additives in a molten state to achieve the desired characteristics. These blends are automatically dosed with fixed setpoints usually through feeders/hoppers. |
| Plastic pellets | Plastic pellets, also known as pre-production pellets or nurdles, are the building blocks for nearly every product made of plastic. |
| Polymerization | It is a chemical reaction of several monomer molecules to form polymer chains that form stable covalent bonds. |
| Styrene Copolymers | A copolymer is a polymer derived from more than one species of monomer, and a styrene copolymer is a chain of polymers consisting of styrene and acrylate. |
| Thermoplastics | Thermoplastics are defined as polymers that become soft material when it is heated and becomes hard when it is cooled. Thermoplastics have wide-ranging properties and can be remolded and recycled without affecting their physical properties. |
| Virgin Plastic | It is a basic form of plastic that has never been used, processed, or developed. It may be considered more valuable than recycled or already used materials. |
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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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