What are the Growth Drivers of Polyether Ether Ketone (PEEK) Market?

The Global Polyether Ether Ketone (PEEK) Market was valued at USD 0.5 Billion in 2016, and is expected to register a CAGR of 6.04% over the forecast period 2020-2026. High chemical resistance, greater dimensional stability over conventional materials and rising number of applications in the healthcare and automotive industry are the key factors propelling the market growth.

Polyether Ether Ketone (PEEK) is a semi crystalline, engineering thermoplastic that is produced at a high temperature and is suitable for applications that possess chemical, thermal and combustion properties. Simultaneously, Polyether Ether Ketone (PEEK) emits low smoke when exposed to flame. The material being tough and rigid offers a high creep resistance. Additionally, it resists high radiation and a broad variety of solvents. Polyether Ether Ketone (PEEK) resins are available as reinforced, glass-fiber reinforced and carbon-fiber reinforced. The composite applications include marine, oil-well, medical, aerospace and automotive industries.

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