Global Market Size of PAEK Market – 10 Year Market Forecast

Chemicals

PAEK Market Size Forecast 2022-2029

 

The market size for the global PAEK market is anticipated to reach a value of USD 1.06 billion in 2022 at USD 1.63 billion by 2029, at a calculated CAGR of 6%. The cumulative market size over the study period is estimated at USD 11 billion. The European region is the largest consumer of PAEK and is expected to account for the majority of market shares. The PAEK market growth is attributed to the growing demand from the oil and gas, electrical and electronics and medical sectors. By type, PEEK accounts for the major market shares in the segment.

Frequently Asked Questions(FAQ)

• What is Global Market Database?

• The PAEK vertical is studied by Global Market Database to provide relevant market information to industry players.
• What is the factor influencing the market growth of PAEK?

• The market growth is influenced by the growing demand for oil and gas, electrical and electronics, aerospace,automotive and medical applications.
• What is the cumulative market size of the PAEK market over the forecast period?

• The cumulative market size of PAEK market over the forecast period is USD 11 billion.
• At what CAGR is the PAEK market projected to grow in the forecast period?

• The CAGR of PAEK market over the forecast period is calculated to be 6%
• Which region is projected to gain maximum market revenue and share during the forecast period?

• European region is projected to gain maximum market revenue and shares during the forecast period.

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