Polyether Ether Ketone Market, By Product Type (Glass-filled, Carbon-filled, and Others), By Application (Automotive, Aerospace, Electrical & Electronics, Medical, Oil & Gas, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Mar 2024

Code : CMI1005

Pages :210

Formats :

Excel and PDF

Industry : Specialty and Fine Chemicals

Market Challenges: High production cost associated with PEEK resin

One of the key challenges for the polyether ether ketone market is the high production cost associated with PEEK resin. As PEEK is partially derived from oil, fluctuations in crude oil prices directly impact the price of PEEK resin. Substitute materials like polyphenylene sulfide offer a lower-cost alternative. Additionally, the limited processing methods for PEEK can hinder part design compared to engineering thermoplastics with a wider range of processing options. Another consideration is the diffusion of harmful particles from friction and wear over long-term use of PEEK components in medical implants.

Market Opportunities: Growth in the automotive industry

The polyether ether ketone market also presents several opportunities for growth. PEEK exhibits exceptional strength and durability combined with biocompatibility, making it well-suited for implants that require long service lifetimes. The automotive industry is increasingly adopting PEEK for under-hood components.