PEEK is being utilised more frequently for a variety of applications in the automotive, electrical and electronic, and medical industries because of its high-temperature feasibility, cost-effectiveness, good performance in corrosive and adverse weather conditions, and lightweight qualities. This is one of the elements that is anticipated to fuel market growth for polyether ether ketone (PEEK). In automotive and medical applications including artificial bone and surgical equipment, polyether ether ketone is utilised to reduce total product weight and is a superior metal substitute. PEEK offers greater performance qualities in contrast to metals and other polymers. It is resistant to numerous vital chemicals used in aeroplanes, including as jet fuel, de-icing agents, fire-extinguishing agents, hydraulic fluids, cleaning products, and insects. PEEK is not subject to anti-corrosion treatments like metals are. It can operate for up to 5,000 hours at 260°C without suffering any performance loss. In terms of emission rates, PEEK produces the least amount of hazardous pollutants and smoke of any polymer.
According to Coherent Market Insights, In terms of revenue, the global Polyether Ether Ketone Market was estimated to be worth US$ 634.9 million in 2021. Over the forecast period, the market is anticipated to grow at a CAGR of 7.18%. (2022 to 2030).
Top Companies in the Polyether Ether Ketone Industry:
1. Zyex Ltd.
The company was established in 1993 and has its head office in Stonehouse, South Lanarkshire, and United Kingdom. Through a subsidiary, Zynex Inc. sells electrotherapy solutions that enable individuals with functional limitations live better lives. The company sells TENS, inferential, and muscle stimulation devices. Zynex products are designed for use at home and can be used to treat incontinence, stroke, and spinal cord injuries, among other conditions.
2. Solvay S.A.
The company was established in 1863 and is based in Brussels, Belgium. The company manufactures silica, surfactants, hydrogen peroxide, functional polymers, soda ash, flavours for food and fragrances, and other specialty polymers. Solvay introduced Polycare® Heat Therapy in March 2023 for bio-based thermoprotection in hair care. In March 2023, Solvay will reveal plans for its Saint-Fons facility in France to become carbon neutral.
3. Victrex plc
The company was founded in 1993 and has its headquarters in Lancashire, United Kingdom. Victrex provides services to a wide range of industries, including aerospace, automotive, electronics, oil & gas, and healthcare. Victrex invested in a new facility for the production of medical devices in Feb 2023. Victrex introduced VICTREX AM PAEK filament, which was designed for additive manufacturing, in July 2020.
4. Caledonian Industries Ltd.
The business was founded in 1915 and is based in Glasgow, Glasgow City, United Kingdom. The business offers cranes, dumpers, excavators, minidiggers, tractors, rollers, and trailers in addition to selling and distributing heavy plant and construction equipment. Caledonian provides services to the construction and trade sectors.
5. Quadrant EPP Surlon India Ltd.
The business was established in 1994 and is located in Ghaziabad, Uttar Pradesh. Making plastic items is one of the company's business divisions. The business sells engineering plastic goods such as metalon, nylatron.
6. Evonik Industries AG
The company was founded in 2007 and has its main office in Essen, Germany. The business produces speciality chemicals and provides a range of items in the consumer goods, animal nutrition, and pharmaceuticals industries. For premium automobile clear coatings, Evonik introduced the new TEGO® Flow 380 levelling agent in March 2023. Evonik introduced IN VIVO BIOTICSTM, a line of synbiotic products with scientific backing, in February 2023.
7. Jrlon Inc.
The firm was established in 1980 and is based in Palmyra, New York, United States. Plastic fabrication services are offered by Jrlon, Inc. The business provides services for metal bonding, bespoke coatings, roll remanufacturing, CNC turning, milling, and plastic compression.
8. Panjin Zhongrun High Performance Polymers Co. Ltd.,
The business was established in 2009 and is headquartered in North China's Liaoning Province, Panjin City. The business makes and sells melamine, urea, compound fertiliser, liquid ammonia, and other items in addition to agricultural chemical products. Chemical products are also exported by Panjin Zhongrun Chemical.
*Definition: A colourless, semi-crystalline poly-aromatic thermoplastic polymer with high heat and mechanical resistance qualities is called polyether ether ketone (PEEK).
