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

The North America Polyether Ether Ketone (peek) Market is segmented by End User Industry (Aerospace, Automotive, Electrical and Electronics, Industrial and Machinery) and by Country (Canada, Mexico, United States). Market Value in USD and Volume in tons are both presented. Key Data Points observed include volume of automobile production, new construction floor area, plastic packaging production volume, plastic resin production, imports and exports, and price of plastic resins.

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North America Polyether Ether Ketone (peek) Market Size

North America Polyether Ether Ketone (peek) Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 154.60 Million
svg icon Market Size (2029) USD 222.53 Million
svg icon Largest Share by End User Industry Aerospace
svg icon CAGR (2024 - 2029) 7.56 %
svg icon Largest Share by Country United States
svg icon Market Concentration High

Major Players
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*Disclaimer: Major Players sorted in alphabetical order.

Key Players

Compare market size and growth of North America Polyether Ether Ketone (peek) Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

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North America Polyether Ether Ketone (peek) Market Analysis

The North America Polyether Ether Ketone (peek) Market size is estimated at 154.60 million USD in 2024, and is expected to reach 222.53 million USD by 2029, growing at a CAGR of 7.56% during the forecast period (2024-2029).

154.60 Million

Market Size in 2024 (USD)

222.53 Million

Market Size in 2029 (USD)

4.07 %

CAGR (2017-2023)

7.56 %

CAGR (2024-2029)

Largest Market by End-user Industry

59.17 %

value share, Aerospace, 2023

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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.

Fastest Growing Market by End-user Industry

9.32 %

Projected CAGR, Electrical and Electronics, 2024-2029

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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

84.85 %

value share, United States, 2023

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Due to the escalating demand for PEEK-based materials in major industries, including aerospace and automotive in recent years, the United States occupied the highest market share.

Fastest Growing Market by Country

9.91 %

Projected CAGR, Mexico, 2024-2029

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Owing to the high growth of the electronics and automotive industries, coupled with increasing penetration of PEEK materials, Mexico is likely to witness the fastest growth in the coming years.

Leading Market Player

90.91 %

market share, Solvay, 2022

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With the largest production capacity of 1,500 tons of PEEK resin in North America, Solvay occupied the highest market share. The company offers different grades of PEEK products for a variety of industrial applications.

Growing aerospace industry and demand for high-quality aircraft components to drive market growth during the forecast period

  • PEEK resin is popular across various industries for its lightweight, high strength, low fatigue, and low flammability characteristics. It can resist combustion up to nearly 600°C due to its low flammability properties. The United States accounted for 85.2% of the North American PEEK market in 2022.
  • The PEEK market in North America experienced a decline in 2020 due to the impact of the COVID-19 pandemic, with the market volume falling by 6.60% compared to 2019. Factors such as supply chain disruptions, a shortage of raw materials, and nationwide lockdowns in numerous countries in the region, including the United States, contributed to the market's decline. However, in subsequent years, demand for PEEK resin rebounded, with a growth rate of 7.68% in 2022, attributed to a steady supply of raw materials.
  • PEEK material is extensively used in North America's aerospace industry for producing aircraft interior parts, flight control components, and many other items. The escalating production of aerospace components in North America is expected to drive the demand for PEEK resin over the coming years. Revenue from aircraft component production is projected to increase from USD 193.2 billion in 2022 to USD 300.2 billion by 2029.
  • The electrical and electronics industry represents the fastest-growing end-user segment for PEEK resin in North America, with a CAGR of 9.47% in terms of value during the forecast period (2023-2029). The industry's consumption of PEEK resin is anticipated to reach approximately 100 tons by 2029. This trend is driven by the growing semiconductor production in North America, particularly in the United States, which accounts for 12% of global semiconductor production. To further boost US semiconductor manufacturing, the government invested USD 52 billion in 2022.
North America Polyether Ether Ketone (peek) Market

United States may dominate the region’s PEEK resin market due to its growing aerospace, automotive, and electrical and electronics industries

  • North America accounted for 19.8% of the global consumption of polyether ether ketone (PEEK) resin in 2022. PEEK is a key polymer for various industries in North America, including automotive, aerospace, and electrical and electronics.
  • The United States is the region's largest consumer of PEEK resin due to its growing aerospace, automotive, and electrical and electronics industries. The country's revenue from aircraft components reached USD 181.4 billion in 2022 from USD 172.7 billion in 2021. The growing aircraft component production is projected to drive the demand for PEEK resin in the country over the coming years.
  • Mexico's demand for PEEK resin is increasing significantly due to growing vehicle and electrical and electronics production. In 2023, the country's automotive and aerospace industries may account for 27.4% and 10.1% of the Mexican PEEK market, respectively. The country's increasing vehicle and electrical and electronics production is projected to drive the demand for PEEK resin in the future.
  • Mexico is the fastest-growing consumer of PEEK resin in North America, with a projected CAGR of 9.92% in terms of value during the forecast period. Mexico is also North America's second-largest vehicle producer. Vehicle production in the country is projected to reach 5.9 million units in 2029 from 4.0 million units in 2023. The country's electronics industry is projected to reach USD 15.09 billion in 2023 to USD 24.82 billion in 2027. The increasing automotive and electronic production is projected to drive the demand for PEEK resin in the country during the forecast period. 

North America Polyether Ether Ketone (peek) Market Trends

Strong growth of technological innovations to augment the overall growth of the industry

  • Electrical and electronics production in North America witnessed a CAGR of over 1.4% between 2017 and 2019 owing to the advancement of technology, coupled with the increasing demand for consumer electronics products, such as smart TVs, refrigerators, air conditioners, and other products. The rapid pace of electronic technological innovation is driving the demand for newer and faster electronic products. As a result, it has also increased the electrical and electronics production in the region.
  • Electronic device sales in North America fell by around 9% in 2020 compared to 2019, owing to the COVID-19 impact, because of the production facility shutdowns, supply chain disruptions, and various other constraints. As a result, revenue from electrical and electronics production in the region decreased by 4.7% in 2020 compared to the previous year.
  • In 2021, the sales of consumer electronics in the region reached around USD 113 billion, 4% higher than in 2020. As a result, North America’s electrical and electronics production grew by 13.8% in 2021 in terms of revenue compared to the previous year.
  • By 2027, North America is projected to be the third-largest region for electrical and electronics production and account for a share of around 10.5% of the global market.​ The emergence of advanced technologies such as virtual reality, IoT solutions, and robotics into consumer electronic products to achieve efficiency and low cost has provided a significant advantage to the consumer electronics industry. The consumer electronics industry in the region is projected to reach a market volume of around USD 161.8 billion by 2027 from USD 127.6 billion in 2023. As a result, the demand for electrical and electronic products in the region is projected to increase.
North America Polyether Ether Ketone (peek) Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Increasing investments in the civil aviation and defense sectors to drive the industry
  • Strong growth in residential construction to drive the industry
  • Government initiatives for electric vehicles to support the automotive production
  • Evolving lifestyle to increase the plastic packaging applications

North America Polyether Ether Ketone (peek) Industry Overview

The North America Polyether Ether Ketone (peek) Market is fairly consolidated, with the top five companies occupying 100%. The major players in this market are Evonik Industries AG, RTP Company, Solvay, Victrex and Zhejiang Pengfulong Technology Co., Ltd. (sorted alphabetically).

North America Polyether Ether Ketone (peek) Market Leaders

  1. Evonik Industries AG

  2. RTP Company

  3. Solvay

  4. Victrex

  5. Zhejiang Pengfulong Technology Co., Ltd.

North America Polyether Ether Ketone (peek) Market Concentration

Other important companies include Pan Jin Zhongrun High Performance Polymer Co.,Ltd, Polyplastics-Evonik Corporation.

*Disclaimer: Major Players sorted in alphabetical order.

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North America 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).
  • 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.

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.

North America Polyether Ether Ketone (peek) Market
North America Polyether Ether Ketone (peek) Market
North America Polyether Ether Ketone (peek) Market
North America Polyether Ether Ketone (peek) Market

North America Polyether Ether Ketone (peek) Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. REPORT OFFERS

  3. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  4. 2. KEY INDUSTRY TRENDS

    1. 2.1. End User Trends

      1. 2.1.1. Aerospace

      2. 2.1.2. Automotive

      3. 2.1.3. Building and Construction

      4. 2.1.4. Electrical and Electronics

      5. 2.1.5. Packaging

    2. 2.2. Regulatory Framework

      1. 2.2.1. Canada

      2. 2.2.2. Mexico

      3. 2.2.3. United States

    3. 2.3. Value Chain & Distribution Channel Analysis

  5. 3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    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. Canada

      2. 3.2.2. Mexico

      3. 3.2.3. United States

  6. 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 (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).

      1. 4.4.1. Evonik Industries AG

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

      3. 4.4.3. Polyplastics-Evonik Corporation

      4. 4.4.4. RTP Company

      5. 4.4.5. Solvay

      6. 4.4.6. Victrex

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

  7. 5. KEY STRATEGIC QUESTIONS FOR ENGINEERING PLASTICS CEOS

  8. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework (Industry Attractiveness Analysis)

      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. PRODUCTION REVENUE OF AEROSPACE COMPONENTS, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 2:  
  2. PRODUCTION VOLUME OF AUTOMOBILES, UNITS, NORTH AMERICA, 2017 - 2029
  1. Figure 3:  
  2. FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, NORTH AMERICA, 2017 - 2029
  1. Figure 4:  
  2. PRODUCTION REVENUE OF ELECTRICAL AND ELECTRONICS, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 5:  
  2. PRODUCTION VOLUME OF PLASTIC PACKAGING, TONS, NORTH AMERICA, 2017 - 2029
  1. Figure 6:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, NORTH AMERICA, 2017 - 2029
  1. Figure 7:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 8:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, TONS, NORTH AMERICA, 2017 - 2029
  1. Figure 9:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 10:  
  2. VOLUME SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, NORTH AMERICA, 2017, 2023, AND 2029
  1. Figure 11:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, NORTH AMERICA, 2017, 2023, AND 2029
  1. Figure 12:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN AEROSPACE INDUSTRY, TONS, NORTH AMERICA, 2017 - 2029
  1. Figure 13:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN AEROSPACE INDUSTRY, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 14:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN AEROSPACE INDUSTRY BY COUNTRY, %, NORTH AMERICA, 2022 VS 2029
  1. Figure 15:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN AUTOMOTIVE INDUSTRY, TONS, NORTH AMERICA, 2017 - 2029
  1. Figure 16:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN AUTOMOTIVE INDUSTRY, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 17:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN AUTOMOTIVE INDUSTRY BY COUNTRY, %, NORTH AMERICA, 2022 VS 2029
  1. Figure 18:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, TONS, NORTH AMERICA, 2017 - 2029
  1. Figure 19:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 20:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY BY COUNTRY, %, NORTH AMERICA, 2022 VS 2029
  1. Figure 21:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, TONS, NORTH AMERICA, 2017 - 2029
  1. Figure 22:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 23:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY BY COUNTRY, %, NORTH AMERICA, 2022 VS 2029
  1. Figure 24:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, TONS, NORTH AMERICA, 2017 - 2029
  1. Figure 25:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 26:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY COUNTRY, %, NORTH AMERICA, 2022 VS 2029
  1. Figure 27:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, TONS, NORTH AMERICA, 2017 - 2029
  1. Figure 28:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 29:  
  2. VOLUME SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, %, NORTH AMERICA, 2017, 2023, AND 2029
  1. Figure 30:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, %, NORTH AMERICA, 2017, 2023, AND 2029
  1. Figure 31:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, CANADA, 2017 - 2029
  1. Figure 32:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, CANADA, 2017 - 2029
  1. Figure 33:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, CANADA, 2022 VS 2029
  1. Figure 34:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, MEXICO, 2017 - 2029
  1. Figure 35:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, MEXICO, 2017 - 2029
  1. Figure 36:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, MEXICO, 2022 VS 2029
  1. Figure 37:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, UNITED STATES, 2017 - 2029
  1. Figure 38:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, UNITED STATES, 2017 - 2029
  1. Figure 39:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, UNITED STATES, 2022 VS 2029
  1. Figure 40:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, NORTH AMERICA, 2019 - 2021
  1. Figure 41:  
  2. MOST ADOPTED STRATEGIES, COUNT, NORTH AMERICA, 2019 - 2021
  1. Figure 42:  
  2. PRODUCTION CAPACITY SHARE OF POLYETHER ETHER KETONE (PEEK) BY MAJOR PLAYERS, %, NORTH AMERICA, 2022

North America Polyether Ether Ketone (peek) Industry Segmentation

Aerospace, Automotive, Electrical and Electronics, Industrial and Machinery are covered as segments by End User Industry. Canada, Mexico, United States are covered as segments by Country.

  • PEEK resin is popular across various industries for its lightweight, high strength, low fatigue, and low flammability characteristics. It can resist combustion up to nearly 600°C due to its low flammability properties. The United States accounted for 85.2% of the North American PEEK market in 2022.
  • The PEEK market in North America experienced a decline in 2020 due to the impact of the COVID-19 pandemic, with the market volume falling by 6.60% compared to 2019. Factors such as supply chain disruptions, a shortage of raw materials, and nationwide lockdowns in numerous countries in the region, including the United States, contributed to the market's decline. However, in subsequent years, demand for PEEK resin rebounded, with a growth rate of 7.68% in 2022, attributed to a steady supply of raw materials.
  • PEEK material is extensively used in North America's aerospace industry for producing aircraft interior parts, flight control components, and many other items. The escalating production of aerospace components in North America is expected to drive the demand for PEEK resin over the coming years. Revenue from aircraft component production is projected to increase from USD 193.2 billion in 2022 to USD 300.2 billion by 2029.
  • The electrical and electronics industry represents the fastest-growing end-user segment for PEEK resin in North America, with a CAGR of 9.47% in terms of value during the forecast period (2023-2029). The industry's consumption of PEEK resin is anticipated to reach approximately 100 tons by 2029. This trend is driven by the growing semiconductor production in North America, particularly in the United States, which accounts for 12% of global semiconductor production. To further boost US semiconductor manufacturing, the government invested USD 52 billion in 2022.
End User Industry
Aerospace
Automotive
Electrical and Electronics
Industrial and Machinery
Other End-user Industries
Country
Canada
Mexico
United States
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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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North America Polyether Ether Ketone (peek) Market Research FAQs

The North America Polyether Ether Ketone (peek) Market size is expected to reach USD 154.60 million in 2024 and grow at a CAGR of 7.56% to reach USD 222.53 million by 2029.

In 2024, the North America Polyether Ether Ketone (peek) Market size is expected to reach USD 154.60 million.

Evonik Industries AG, RTP Company, Solvay, Victrex and Zhejiang Pengfulong Technology Co., Ltd. are the major companies operating in the North America Polyether Ether Ketone (peek) Market.

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

In 2024, United States accounts for the largest share by country in the North America Polyether Ether Ketone (peek) Market.

In 2023, the North America Polyether Ether Ketone (peek) Market size was estimated at 154.60 million. The report covers the North America Polyether Ether Ketone (peek) Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Polyether Ether Ketone (peek) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

North America Polyether Ether Ketone (peek) Industry Report

Statistics for the 2023 North America Polyether Ether Ketone (peek) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America 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.

North America Polyether Ether Ketone (peek) Market Report Snapshots

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