According to the forecast of the well-known market research organization Research and Markets, the global demand for PEEK (polyetheretherketone) will reach a peak in 2018. By then, its market value will exceed RMB 5 billion and rise to RMB 5.194 billion.

During 2013-2018, the global PEEK compound annual growth rate will reach 8.2%. At present, Europe is still the world’s largest PEEK trading market. Compared with developing countries, the demand for PEEK in developed Western countries still dominates. However, as people’s understanding of PEEK as an engineering plastic continues to improve, the demand for this plastic in developing countries is also increasing. It is expected that in the next few years, emerging markets such as China, India, and Southeast Asia are expected to become the main driving force for the growth of global PEEK demand.

Researchand Markets pointed out in the report that as a high-performance polymer, PEEK has unique properties and attributes, which makes it easy to use in the fields of automobiles, aviation, electronics, industry, and medical treatment.

In recent years, the demand for PEEK in the industrial and electronic fields has continued to increase. As a result, the global PEEK market demand has increased year by year. In addition, with the rapid development of aerospace and automobile manufacturing in various countries, the application prospects of PEEK as an engineering plastic will be further strengthened.

As there are many manufacturers specializing in PEEK production around the world, the market competition will become increasingly fierce. At present, the world’s three largest PEEK raw material manufacturers are Victrex of the UK, Solvay of Belgium, and Evonik of Germany. In China, there are also several companies in Jilin Province that produce PEEK raw materials.

In terms of PEEK plates, rods, tubes and sheets, there are only a few companies producing them abroad. In China, PEEK plates and rods are currently produced using hot molding technology. Currently, Junhua in Changzhou, Jiangsu is continuously extruding PEEK plates, rods, tubes and sheets.