POLYETHER ETHER KETONE MARKET ANALYSIS

Market Concentration and Competitive Landscape

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While PEEK has found widespread acceptance in medical applications due to its biocompatibility, the polymer is increasingly being adopted in non-medical sectors as well. Properties such as heat and chemical resistance as well as strength to weight ratio have led to new application opportunities in automotive, aerospace, electronics and other industrial verticals. In the automotive industry, auto manufacturers are using PEEK for under-the-hood applications such as valve guides, brake parts and wear pads due to its self-lubrication, impact resistance and high melting point. The aerospace industry utilizes PEEK for cabin interior components, flight control systems and aircraft structures because of its durability and ability to withstand extreme weather conditions and high impact. Semiconductor fabricators also employ PEEK for wafer handling equipment, semiconductor manufacturing components and printed circuit boards due to its chemical inertness and clean room compatibility. Other industrial applications include bushings, electrical switches, and pump components.