Europe Polyether Ether Ketone (peek) Market Size
|
Study Period | 2017 - 2029 |
|
Market Size (2024) | USD 296.17 Million |
|
|
Market Size (2029) | USD 419.22 Million |
|
Largest Share by End User Industry | Aerospace |
|
|
CAGR (2024 - 2029) | 7.20 % |
|
Largest Share by Country | Germany |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in no particular order |
Europe Polyether Ether Ketone (peek) Market Analysis
The Europe Polyether Ether Ketone (peek) Market size is estimated at 296.17 million USD in 2024, and is expected to reach 419.22 million USD by 2029, growing at a CAGR of 7.20% during the forecast period (2024-2029).
296.17 Million
Market Size in 2024 (USD)
419.22 Million
Market Size in 2029 (USD)
3.75 %
CAGR (2017-2023)
7.20 %
CAGR (2024-2029)
Largest Market by End-user Industry
35.88 %
value share, Aerospace, 2023
Owing to the high demand for lightweight and high-impact resistance PEEK-based materials replacing traditional metal parts, the aerospace industry occupied the largest market share.
Fastest Growing Market by End-user Industry
8.60 %
Projected CAGR, Electrical and Electronics, 2024-2029
The growth of this segment is attributed to the rising demand for use in high-end applications, such as smart devices and electronic insulators used in harsh environmental conditions.
Largest Market by Country
20.16 %
value share, Germany, 2023
Due to the escalating demand for PEEK-based products in major industries, including machinery, aerospace, and automotive in recent years, Germany occupied the highest market share.
Fastest Growing Market by Country
8.22 %
Projected CAGR, United Kingdom, 2024-2029
Due to the increasing demand for high-performance materials, majorly from the aerospace industry, the United Kingdom is likely to be the fastest-growing market in the region.
Leading Market Player
97.95 %
market share, Victrex, 2022
With the largest production capacity of 7,150 tons of PEEK resin in Europe, Victrex occupied the highest market share. The company offers different grades and forms of PEEK products for a variety of industrial applications.
Growing demand for high quality aircraft components to drive the market growth
- PEEK resin is widely used across numerous industries due to its lightweight nature, high strength, low fatigue, and low flammability. It possesses remarkable resistance to combustion, withstanding temperatures up to approximately 600°C.
- In 2020, the PEEK market in Europe faced a decline, a phenomenon attributable to the COVID-19 pandemic. The market value decreased by 20.43% in comparison to 2019, a result of supply chain disruptions, raw material shortages, and nationwide lockdowns in various countries across the region. Despite these setbacks, the demand for PEEK rebounded, showing a growth rate of 15.32% in 2021, driven primarily by a more reliable supply of raw materials.
- One major industry where PEEK resin finds significant application is aerospace. It is extensively used in manufacturing interior aircraft parts, flight control components, and various other parts. The escalating production of aerospace components in the region is anticipated to spur the demand for PEEK resin in the years to come. It is projected that the revenue from aircraft component production will increase to USD 348 billion by 2029 from USD 224 billion in 2022.
- The electrical and electronics industry is the fastest-growing consumer of PEEK resin in Europe, with a CAGR of 8.75% in terms of value during the forecast period, 2023-2029. The usage of PEEK resin in this industry is forecasted to reach approximately 402 tons by 2029. The burgeoning demand for European electronics is expected to further drive the demand for PEEK resin. For example, the electronics market in the region is projected to grow from USD 166.7 billion in 2023 to USD 219.8 billion in 2027.
_Consumed_by_end_user_industry__USD__Europe__2017_-_2029.svg "Europe Polyether Ether Ketone (peek) Market Trends")
Understand The Key Trends Shaping This Market
Download PDF
Germany is the largest consumer of PEEK resin in the region
- Europe accounted for 37% of the global consumption of PEEK resin in 2022. Due to its ability to withstand high temperatures, resistance to radiation and chemicals, along with good strength-to-weight ratio, PEEK resin is widely used in various industries all over the region.
- In 2022, Europe consumed a total volume of 2,478 tons of PEEK resin out of which Germany accounted for the consumption of 514 tons, making it the largest consumer of PEEK in the region. This can be attributed to the aerospace industry which accounted for nearly 19% by volume compared to the overall aerospace in the Europe PEEK market. Additionally, the rising global demand for German machine tools and equipment has also served as a growth factor for the PEEK resin market. The industrial and machinery segment in the country accounts for USD 17 million of the overall Europe market which stood at USD 80 million.
- France is the second-largest consumer of PEEK resin in Europe led by the aerospace industry followed by the electrical & electronics industry which comprises nearly 66% and 14%, respectively of France's total PEEK consumption in those segments.
- The United Kingdom PEEK market is the fastest-growing segment and is predicted to witness a CAGR of 8.54% in terms of value during the forecast period [2023-2029]. The country's aerospace industry is the second largest consumer of PEEK in Europe during 2022 and is expected to see a surge in the production of aerospace components from USD 44 billion in 2022 to USD 70.8 billion by 2029 which is likely to raise the consumption of PEEK resin in the future.
Europe Polyether Ether Ketone (peek) Market Trends
Technological innovations to boost the consumer electronics market
- Europe's electrical and electronics production registered a CAGR of over 3.8% between 2017 and 2021. The rapid pace of electronic technological innovation is driving consistent demand for newer and faster electrical and electronic products. As a result, it has also increased the demand for electrical and electronics production in the region.
- Despite the increased demand for computers and laptops due to remote working and distance learning, the average revenue per user in the European consumer electronics segment dropped by 6.3%. It generated a revenue of around USD 252.1 billion in 2020. As a result, in 2020, the electrical and electronic production in the region decreased by 2.8% by revenue compared to the previous year.
- In 2021, Europe's electrical and electronic equipment exports were around USD 228.37 billion, 12.4% higher compared to 2020. As a result, electrical and electronic production in the region increased and registered 11.6% in 2021 compared to the previous year.
- Robotics, virtual reality and augmented reality, IoT (Internet of Things), and 5G connectivity are expected to grow during the forecast period. As a result of technological advancements, demand for consumer electronics is expected to rise during the forecast period. The consumer electronics segment in the region is projected to reach a revenue of around USD 157.2 billion in 2027 from USD 121.1 billion in 2023. By 2027, Europe is projected to be the second-largest electrical and electronics production accounting for around 12.7% of the global market. As a result, the rise in consumer electronics is projected to increase the demand for electrical and electronics production in the coming years.
Understand The Key Trends Shaping This Market
Download PDF
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Demand for commercial and military aircraft to drive the component production growth
- EU government policies and initiatives to augment the construction industry
- Electric vehicles to foster the growth of automobile production
- E-commerce and flexible packaging to boost the plastic packaging market
Europe Polyether Ether Ketone (peek) Industry Overview
The Europe Polyether Ether Ketone (peek) Market is fairly consolidated, with the top five companies occupying 100%. The major players in this market are BARLOG Plastics GmbH, Evonik Industries AG, Solvay, Victrex and Zhejiang Pengfulong Technology Co., Ltd. (sorted alphabetically).
Europe Polyether Ether Ketone (peek) Market Leaders
BARLOG Plastics GmbH
Evonik Industries AG
Solvay
Victrex
Zhejiang Pengfulong Technology Co., Ltd.
Market/1708339414135_EuropePolyetherEtherKetone(peek)Market_market_concentration.svg "Europe Polyether Ether Ketone (peek) Market Concentration")
Other important companies include Pan Jin Zhongrun High Performance Polymer Co.,Ltd, Polyplastics-Evonik Corporation.
*Disclaimer: Major Players sorted in alphabetical order.
Need More Details on Market Players and Competitors?
Download PDF
Europe Polyether Ether Ketone (peek) Market News
- March 2023: Victrex PLC introduced a new type of implantable PEEK-OPTIMA polymer that is specifically designed for use in the manufacturing processes of medical device additives, such as fused deposition modeling (FDM) and fused filament fabrication (FFF).
- February 2023: Victrex PLC revealed its plans to invest in the expansion of its medical division, Invibio Biomaterial Solutions, which includes establishing a new product development facility in Leeds, United Kingdom.
- July 2022: Solvay introduced a new grade of KetaSpire PEEK, KT-850 SCF 30, designed for the precision brake system and e-mobility pump components.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 15+ free charts, the section covers rare data on various end-user production trends including passenger vehicle production, commercial vehicle production, motorcycle production, aerospace components production, electrical and electronics production, and regional data for engineering plastics demand etc.
Europe Polyether Ether Ketone (peek) Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
-
4.1 End User Trends
- 4.1.1 Aerospace
- 4.1.2 Automotive
- 4.1.3 Building and Construction
- 4.1.4 Electrical and Electronics
- 4.1.5 Packaging
-
4.2 Regulatory Framework
- 4.2.1 EU
- 4.2.2 France
- 4.2.3 Germany
- 4.2.4 Italy
- 4.2.5 Russia
- 4.2.6 United Kingdom
- 4.3 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
-
5.1 End User Industry
- 5.1.1 Aerospace
- 5.1.2 Automotive
- 5.1.3 Electrical and Electronics
- 5.1.4 Industrial and Machinery
- 5.1.5 Other End-user Industries
-
5.2 Country
- 5.2.1 France
- 5.2.2 Germany
- 5.2.3 Italy
- 5.2.4 Russia
- 5.2.5 United Kingdom
- 5.2.6 Rest of Europe
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
-
6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
- 6.4.1 BARLOG Plastics GmbH
- 6.4.2 Evonik Industries AG
- 6.4.3 Pan Jin Zhongrun High Performance Polymer Co.,Ltd
- 6.4.4 Polyplastics-Evonik Corporation
- 6.4.5 Solvay
- 6.4.6 Victrex
- 6.4.7 Zhejiang Pengfulong Technology Co., Ltd.
7. KEY STRATEGIC QUESTIONS FOR ENGINEERING PLASTICS CEOS
8. APPENDIX
-
8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework (Industry Attractiveness Analysis)
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- PRODUCTION REVENUE OF AEROSPACE COMPONENTS, USD, EUROPE, 2017 - 2029
- Figure 2:
- PRODUCTION VOLUME OF AUTOMOBILES, UNITS, EUROPE, 2017 - 2029
- Figure 3:
- FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, EUROPE, 2017 - 2029
- Figure 4:
- PRODUCTION REVENUE OF ELECTRICAL AND ELECTRONICS, USD, EUROPE, 2017 - 2029
- Figure 5:
- PRODUCTION VOLUME OF PLASTIC PACKAGING, TONS, EUROPE, 2017 - 2029
- Figure 6:
- VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 7:
- VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 8:
- VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, TONS, EUROPE, 2017 - 2029
- Figure 9:
- VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, USD, EUROPE, 2017 - 2029
- Figure 10:
- VOLUME SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2017, 2023, AND 2029
- Figure 11:
- VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2017, 2023, AND 2029
- Figure 12:
- VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN AEROSPACE INDUSTRY, TONS, EUROPE, 2017 - 2029
- Figure 13:
- VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN AEROSPACE INDUSTRY, USD, EUROPE, 2017 - 2029
- Figure 14:
- VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN AEROSPACE INDUSTRY BY COUNTRY, %, EUROPE, 2022 VS 2029
- Figure 15:
- VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN AUTOMOTIVE INDUSTRY, TONS, EUROPE, 2017 - 2029
- Figure 16:
- VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN AUTOMOTIVE INDUSTRY, USD, EUROPE, 2017 - 2029
- Figure 17:
- VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN AUTOMOTIVE INDUSTRY BY COUNTRY, %, EUROPE, 2022 VS 2029
- Figure 18:
- VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, TONS, EUROPE, 2017 - 2029
- Figure 19:
- VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, USD, EUROPE, 2017 - 2029
- Figure 20:
- VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY BY COUNTRY, %, EUROPE, 2022 VS 2029
- Figure 21:
- VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, TONS, EUROPE, 2017 - 2029
- Figure 22:
- VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, USD, EUROPE, 2017 - 2029
- Figure 23:
- VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY BY COUNTRY, %, EUROPE, 2022 VS 2029
- Figure 24:
- VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, TONS, EUROPE, 2017 - 2029
- Figure 25:
- VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, EUROPE, 2017 - 2029
- Figure 26:
- VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY COUNTRY, %, EUROPE, 2022 VS 2029
- Figure 27:
- VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, TONS, EUROPE, 2017 - 2029
- Figure 28:
- VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, USD, EUROPE, 2017 - 2029
- Figure 29:
- VOLUME SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, %, EUROPE, 2017, 2023, AND 2029
- Figure 30:
- VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, %, EUROPE, 2017, 2023, AND 2029
- Figure 31:
- VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, FRANCE, 2017 - 2029
- Figure 32:
- VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, FRANCE, 2017 - 2029
- Figure 33:
- VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, FRANCE, 2022 VS 2029
- Figure 34:
- VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, GERMANY, 2017 - 2029
- Figure 35:
- VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, GERMANY, 2017 - 2029
- Figure 36:
- VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, GERMANY, 2022 VS 2029
- Figure 37:
- VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, ITALY, 2017 - 2029
- Figure 38:
- VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, ITALY, 2017 - 2029
- Figure 39:
- VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, ITALY, 2022 VS 2029
- Figure 40:
- VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, RUSSIA, 2017 - 2029
- Figure 41:
- VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, RUSSIA, 2017 - 2029
- Figure 42:
- VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, RUSSIA, 2022 VS 2029
- Figure 43:
- VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, UNITED KINGDOM, 2017 - 2029
- Figure 44:
- VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, UNITED KINGDOM, 2017 - 2029
- Figure 45:
- VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, UNITED KINGDOM, 2022 VS 2029
- Figure 46:
- VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, REST OF EUROPE, 2017 - 2029
- Figure 47:
- VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, REST OF EUROPE, 2017 - 2029
- Figure 48:
- VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, REST OF EUROPE, 2022 VS 2029
- Figure 49:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, EUROPE, 2019 - 2021
- Figure 50:
- MOST ADOPTED STRATEGIES, COUNT, EUROPE, 2019 - 2021
- Figure 51:
- PRODUCTION CAPACITY SHARE OF POLYETHER ETHER KETONE (PEEK) BY MAJOR PLAYERS, %, EUROPE, 2022
Europe Polyether Ether Ketone (peek) Industry Segmentation
Aerospace, Automotive, Electrical and Electronics, Industrial and Machinery are covered as segments by End User Industry. France, Germany, Italy, Russia, United Kingdom are covered as segments by Country.
- PEEK resin is widely used across numerous industries due to its lightweight nature, high strength, low fatigue, and low flammability. It possesses remarkable resistance to combustion, withstanding temperatures up to approximately 600°C.
- In 2020, the PEEK market in Europe faced a decline, a phenomenon attributable to the COVID-19 pandemic. The market value decreased by 20.43% in comparison to 2019, a result of supply chain disruptions, raw material shortages, and nationwide lockdowns in various countries across the region. Despite these setbacks, the demand for PEEK rebounded, showing a growth rate of 15.32% in 2021, driven primarily by a more reliable supply of raw materials.
- One major industry where PEEK resin finds significant application is aerospace. It is extensively used in manufacturing interior aircraft parts, flight control components, and various other parts. The escalating production of aerospace components in the region is anticipated to spur the demand for PEEK resin in the years to come. It is projected that the revenue from aircraft component production will increase to USD 348 billion by 2029 from USD 224 billion in 2022.
- The electrical and electronics industry is the fastest-growing consumer of PEEK resin in Europe, with a CAGR of 8.75% in terms of value during the forecast period, 2023-2029. The usage of PEEK resin in this industry is forecasted to reach approximately 402 tons by 2029. The burgeoning demand for European electronics is expected to further drive the demand for PEEK resin. For example, the electronics market in the region is projected to grow from USD 166.7 billion in 2023 to USD 219.8 billion in 2027.
| End User Industry | Aerospace |
| Automotive | |
| Electrical and Electronics | |
| Industrial and Machinery | |
| Other End-user Industries | |
| Country | France |
| Germany | |
| Italy | |
| Russia | |
| United Kingdom | |
| Rest of Europe |
Need A Different Region Or Segment?
Customize Now
Market Definition
- End-user Industry - Automotive, Aerospace, Industrial Machinery, Electrical & Electronics, and Others are the end-user industries considered under the polyether ether ketone market.
- Resin - Under the scope of the study, virgin polyether ether ketone resin in primary forms such as powder, pellet, etc. are considered.
| Keyword | Definition |
|---|---|
| Acetal | This is a rigid material that has a slippery surface. It can easily withstand wear and tear in abusive work environments. This polymer is used for building applications such as gears, bearings, valve components, etc. |
| Acrylic | This synthetic resin is a derivative of acrylic acid. It forms a smooth surface and is mainly used for various indoor applications. The material can also be used for outdoor applications with a special formulation. |
| Cast film | A cast film is made by depositing a layer of plastic onto a surface then solidifying and removing the film from that surface. The plastic layer can be in molten form, in a solution, or in dispersion. |
| Colorants & Pigments | Colorants & Pigments are additives used to change the color of the plastic. They can be a powder or a resin/color premix. |
| Composite material | A composite material is a material that is produced from two or more constituent materials. These constituent materials have dissimilar chemical or physical properties and are merged to create a material with properties unlike the individual elements. |
| Degree of Polymerization (DP) | The number of monomeric units in a macromolecule, polymer, or oligomer molecule is referred to as the degree of polymerization or DP. Plastics with useful physical properties often have DPs in the thousands. |
| Dispersion | To create a suspension or solution of material in another substance, fine, agglomerated solid particles of one substance are dispersed in a liquid or another substance to form a dispersion. |
| Fiberglass | Fiberglass-reinforced plastic is a material made up of glass fibers embedded in a resin matrix. These materials have high tensile and impact strength. Handrails and platforms are two examples of lightweight structural applications that use standard fiberglass. |
| Fiber-reinforced polymer (FRP) | Fiber-reinforced polymer is a composite material made of a polymer matrix reinforced with fibers. The fibers are usually glass, carbon, aramid, or basalt. |
| Flake | This is a dry, peeled-off piece, usually with an uneven surface, and is the base of cellulosic plastics. |
| Fluoropolymers | This is a fluorocarbon-based polymer with multiple carbon-fluorine bonds. It is characterized by high resistance to solvents, acids, and bases. These materials are tough yet easy to machine. Some of the popular fluoropolymers are PTFE, ETFE, PVDF, PVF, etc. |
| Kevlar | Kevlar is the commonly referred name for aramid fiber, which was initially a Dupont brand for aramid fiber. Any group of lightweight, heat-resistant, solid, synthetic, aromatic polyamide materials that are fashioned into fibers, filaments, or sheets is called aramid fiber. They are classified into Para-aramid and Meta-aramid. |
| Laminate | A structure or surface composed of sequential layers of material bonded under pressure and heat to build up to the desired shape and width. |
| Nylon | They are synthetic fiber-forming polyamides formed into yarns and monofilaments. These fibers possess excellent tensile strength, durability, and elasticity. They have high melting points and can resist chemicals and various liquids. |
| PET preform | A preform is an intermediate product that is subsequently blown into a polyethylene terephthalate (PET) bottle or a container. |
| Plastic compounding | Compounding consists of preparing plastic formulations by mixing and/or blending polymers and additives in a molten state to achieve the desired characteristics. These blends are automatically dosed with fixed setpoints usually through feeders/hoppers. |
| Plastic pellets | Plastic pellets, also known as pre-production pellets or nurdles, are the building blocks for nearly every product made of plastic. |
| Polymerization | It is a chemical reaction of several monomer molecules to form polymer chains that form stable covalent bonds. |
| Styrene Copolymers | A copolymer is a polymer derived from more than one species of monomer, and a styrene copolymer is a chain of polymers consisting of styrene and acrylate. |
| Thermoplastics | Thermoplastics are defined as polymers that become soft material when it is heated and becomes hard when it is cooled. Thermoplastics have wide-ranging properties and can be remolded and recycled without affecting their physical properties. |
| Virgin Plastic | It is a basic form of plastic that has never been used, processed, or developed. It may be considered more valuable than recycled or already used materials. |
Need More Details on Market Definition?
Ask a Question
Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
Get More Details On Research Methodology
Download PDF
80% of our clients seek made-to-order reports. How do you want us to tailor yours?
