Polyetheretherketone (Peek) Market to Expand at a CAGR 7.1% Due to Growing Demand for Advanced Autom

The global polyetheretherketone (PEEK) market has a consolidative vendor landscape, the analysts of Transparency Market Research (TMR) estimates based on a detailed investigation. The key players in the polyetheretherketone (PEEK) market, including Solvay S.A., Evonik Industries, and Panjin Zhongrun High Performance Engineering Plastic Co., Ltd are operating in the global polyetheretherketone (PEEK) market. In 2015, Victrex plc accounted for the dominant share of 66.3% in the global polyetheretherketone (PEEK) market. This defined the highly consolidated vendor landscape of the market.
According to TMR, the global polyetheretherketone (PEEK) market is estimated to expand at a CAGR of 7.1% over the forecast period from 2016 to 2024. With this robust CAGR, the market is expected to attain a value of US$832.6 mn by the end of 2024 from a value of US$451.5 mn in 2015.

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