USD 337.14 Mn growth in Polyaryletherketone (PAEK) Market 2021-2025 | Driven by Increasing Demand In Various End-user Industries | Technavio
NEW YORK, Oct. 20, 2021 /PRNewswire/ -- The global polyaryletherketone (PAEK) market size is set to increase by USD 337.14 million during 2021-2025, accelerating at a CAGR of about 6% over the forecast period.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AKRO-PLASTIC GmbH, Arkema SA, Celanese Corp., Ensinger GmbH, Evonik Industries AG, Gharda Chemicals Ltd., RTP Co., Saudi Basic Industries Corp., Solvay SA, and Victrex Plc are some of the major market participants. Although the increasing demand in various end-user industries and the ability of PEAK to produce the least toxic and corrosive fumes when burned will offer immense growth opportunities, high costs associated with PEAK challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Polyaryletherketone (PAEK) Market 2021-2025: Segmentation
Product
Geography
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Polyaryletherketone (PAEK) Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our polyaryletherketone (PAEK) market report covers the following areas:
This study identifies the superior properties of PEAK as one of the prime reasons driving the polyaryletherketone (PAEK) market growth during the next few years.
Polyaryletherketone (PAEK) Market 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the Polyaryletherketone (PAEK) Market. Backed with competitive intelligence and benchmarking, our research report on the Polyaryletherketone (PAEK) Market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
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Polyaryletherketone (PAEK) Market 2021-2025: Key Highlights
CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist polyaryletherketone (PAEK) market growth during the next five years
Estimation of the polyaryletherketone (PAEK) market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the polyaryletherketone (PAEK) market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of polyaryletherketone (PAEK) market vendors
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Polyaryletherketone (PAEK) Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2020 |
Forecast period | 2021-2025 |
Growth momentum & CAGR | Accelerate at a CAGR of about 6% |
Market growth 2021-2025 | USD 337.14 million |
Market structure | Fragmented |
YoY growth (%) | 5.55 |
Regional analysis | Europe, APAC, North America, MEA, and South America |
Performing market contribution | Europe at 34% |
Key consumer countries | China, US, Germany, France, and UK |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | AKRO-PLASTIC GmbH, Arkema SA, Celanese Corp., Ensinger GmbH, Evonik Industries AG, Gharda Chemicals Ltd., RTP Co., Saudi Basic Industries Corp., Solvay SA, and Victrex Plc |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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