Middle East Polyether Ether Ketone (PEEK) Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The Middle East Polyether Ether Ketone (PEEK) Market is segmented by End User Industry (Aerospace, Automotive, Electrical and Electronics, Industrial and Machinery) and by Country (Saudi Arabia, United Arab Emirates). Market Value in USD and Volume in tons are both presented. Key Data Points observed include volume of automobile production, new construction floor area, plastic packaging production volume, plastic resin production, imports and exports, and price of plastic resins.

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Middle East Polyether Ether Ketone (PEEK) Market Size

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Middle East Polyether Ether Ketone (PEEK) Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 7.26 Million
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 11.12 Million
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by End User Industry Electrical and Electronics
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 8.91 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country United Arab Emirates

Major Players

Middle East Polyether Ether Ketone (PEEK) Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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Middle East Polyether Ether Ketone (PEEK) Market Analysis

The Middle East Polyether Ether Ketone (PEEK) Market size is estimated at 7.26 million USD in 2024, and is expected to reach 11.12 million USD by 2029, growing at a CAGR of 8.91% during the forecast period (2024-2029).

7.26 Million

Market Size in 2024 (USD)

11.12 Million

Market Size in 2029 (USD)

10.29 %

CAGR (2017-2023)

8.91 %

CAGR (2024-2029)

Largest Market by End-user Industry

24.80 %

value share, Electrical and Electronics, 2023

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Owing to the widespread applications of high-performance PEEK-based products in advanced and smart electrical devices, the electronics segment occupied the highest market share.

Fastest Growing Market by End-user Industry

10.54 %

Projected CAGR, Electrical and Electronics, 2024-2029

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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

29.80 %

value share, United Arab Emirates, 2023

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Due to the escalating demand for PEEK-based materials in major industries, including aerospace and premium automotive in recent years, the United Arab Emirates occupied the highest market share.

Fastest Growing Market by Country

10.07 %

Projected CAGR, United Arab Emirates, 2024-2029

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Owing to the rapid growth of civil aviation and significant investments in the military and defense industry, the United Arab Emirates is likely to register the fastest growth during the forecast period.

Leading Market Player

92.36 %

market share, Victrex, 2022

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With the continuous development of PEEK-based products and increasing sales in the market, Victrex occupied the largest share in the region.

Electronics industry may dominate the demand for PEEK

  • Polyetheretherketone (PEEK) material is prevalent in many industries due to its lightweight and high quality in terms of strength, low fatigue, and low flammability. Due to its low flammability, it can withstand combustion up to nearly 600°C. The Middle East has a 1.03% share of the revenue in the global PEEK market.
  • The PEEK market in the Middle East recorded a dip in 2020 due to the impact of COVID-19. The market declined by 4.33% in terms of revenue compared to 2019. The supply chain disruptions, raw material shortage, and nationwide lockdown in several countries in the region have impacted the market. However, due to a consistent supply of raw materials, revenue for PEEK resin increased in successive years, with a growth rate of 15.32% in 2022.
  • PEEK resin is commonly used in other-end user industries segment of the Middle East market. The region produces consumer goods, such as kitchen and household utensils, furniture, and sports equipment, using PEEK resin. The rising demand for consumer goods and medical equipment is expected to drive the demand for PEEK resin in the coming years.
  • Electrical and electronics is expected to be the fastest-growing end-user industry for PEEK resin in the Middle East, with an expected CAGR of 10.71% in terms of revenue during the forecast period of 2023-2029. The consumption of PEEK resin in the industry is expected to reach around 22.59 tons by 2029. The rising semiconductor production in the Middle East is expected to drive the demand for PEEK resin. For instance, Saudi Arabia’s Advanced Electronics Company (AEC) signed an MoU aimed at accelerating the Kingdom’s digital ecosystem development, including the localization of semiconductor chip manufacturing.
Middle East Polyether Ether Ketone (PEEK) Market

United Arab Emirates to overtake Saudi Arabia due to demand for PEEK in various industries

  • The Middle East accounted for 1.03% of the global PEEK consumption in 2022. PEEK is a key polymer in the Middle East for various industries, including automotive, aerospace, and electrical and electronics.
  • The United Arab Emirates (UAE) is the largest consumer of PEEK in the region due to its growing aerospace, automotive, and electrical and electronics industries. Aerospace component production held a revenue share of 17.2% of the overall Middle Eastern market. It is expected to reach USD 802 million by 2029 from USD 533 million in 2023.
  • Saudi Arabia's demand for PEEK resin is increasing significantly due to rising vehicle production and the growing electronics industry. Saudi Arabia is the region's second-largest vehicle producer. In 2022, the country produced 12,780 units. Its electronics market is also expanding, and the electronics production revenue is expected to reach USD 23.33 billion in 2029 from USD 12.68 billion in 2022.
  • The Rest of Middle East regional segment comprises Iran, Iraq, Turkey, Yemen, Oman, and other countries. Automotive production in the Rest of Middle East is expected to reach 1.36 million units by 2029 from 1.19 million units in 2023, which may drive the resin demand in the region.
  • The United Arab Emirates is the fastest-growing consumer of PEEK resin, with a CAGR of 10.27% in terms of value during the forecast period. The revenue of the aerospace and electrical and electronics industries are expected to account for shares of 12% and 51%, respectively, in 2027, thus boosting the demand for PEEK resin. The UAE aerospace industry is expected to record a CAGR of 8.51% by revenue during the forecast period, thus driving the demand for PEEK resin.

Middle East Polyether Ether Ketone (PEEK) Market Trends

Growing investments from the government and private players

  • In the Middle East, Saudi Arabia is quickly emerging as one of the key markets for the electrical and electronics industry. Aside from the oil and gas industry, the country has a sizable consumer base and a broad range of industrial pursuits, contributing to the rapid annual increase in production for the electrical and electronics industry. Thus, electrical and electronics production in the region registered a CAGR of 18% from 2017 to 2019 in revenue terms.
  • In 2020, the demand for consumer electronics for remote working and home entertainment increased due to the COVID-19 pandemic. In 2020, Saudi Arabia registered the highest smartphone penetration rate, around 97%, in the world, which enabled approximately 60% of Saudi customers to discover new sellers through social networks. Saudi Arabia faced a higher rate of e-commerce growth, nearly 60% (between 2019 and 2020), mainly due to the pandemic. The revenue from electrical and electronics production increased by 1.8% compared to the previous year.
  • Electrical and electronic production is expected to witness a CAGR of 8.51% in value during the forecast period (2023-2029). The major driving component behind the growth is likely to be the growing investments from the government and the manufacturers like Samsung. Samsung has also been pitching its 5G wireless technology to the Middle East. Saudi Arabia implemented a 5G network in line with the Vision 2030 initiative. All such factors are expected to boost electronics production over the forecast period in the region.
Middle East Polyether Ether Ketone (PEEK) Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Growing aircraft manufacturing capabilities to boost component production
  • Rapid urbanization expected to drive the construction industry
  • Lower interest rates and fuel rates to aid growth

Middle East Polyether Ether Ketone (PEEK) Industry Overview

The Middle East Polyether Ether Ketone (PEEK) Market is fairly consolidated, with the top three companies occupying 81.76%. The major players in this market are Jilin Joinature Polymer Co., Ltd., Pan Jin Zhongrun High Performance Polymer Co.,Ltd, Victrex (sorted alphabetically).

Middle East Polyether Ether Ketone (PEEK) Market Leaders

  1. Jilin Joinature Polymer Co., Ltd.

  2. Pan Jin Zhongrun High Performance Polymer Co.,Ltd

  3. Victrex

Middle East Polyether Ether Ketone (PEEK) Market Concentration

*Disclaimer: Major Players sorted in alphabetical order.

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Middle East 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).

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.

Middle East Polyether Ether Ketone (PEEK) Market
Middle East Polyether Ether Ketone (PEEK) Market
Middle East Polyether Ether Ketone (PEEK) Market
Middle East Polyether Ether Ketone (PEEK) Market

Middle East 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 Saudi Arabia
    • 4.2.2 United Arab Emirates
  • 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 Saudi Arabia
    • 5.2.2 United Arab Emirates
    • 5.2.3 Rest of Middle East

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 Jilin Joinature Polymer Co., Ltd.
    • 6.4.2 Pan Jin Zhongrun High Performance Polymer Co.,Ltd
    • 6.4.3 Victrex

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
** Subject To Availablity

List of Tables & Figures

  1. Figure 1:  
  2. PRODUCTION REVENUE OF AEROSPACE COMPONENTS, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 2:  
  2. PRODUCTION VOLUME OF AUTOMOBILES, UNITS, MIDDLE EAST, 2017 - 2029
  1. Figure 3:  
  2. FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, MIDDLE EAST, 2017 - 2029
  1. Figure 4:  
  2. PRODUCTION REVENUE OF ELECTRICAL AND ELECTRONICS, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 5:  
  2. PRODUCTION VOLUME OF PLASTIC PACKAGING, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 6:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 7:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 8:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 9:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 10:  
  2. VOLUME SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, MIDDLE EAST, 2017, 2023, AND 2029
  1. Figure 11:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, MIDDLE EAST, 2017, 2023, AND 2029
  1. Figure 12:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN AEROSPACE INDUSTRY, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 13:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN AEROSPACE INDUSTRY, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 14:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN AEROSPACE INDUSTRY BY COUNTRY, %, MIDDLE EAST, 2022 VS 2029
  1. Figure 15:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN AUTOMOTIVE INDUSTRY, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 16:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN AUTOMOTIVE INDUSTRY, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 17:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN AUTOMOTIVE INDUSTRY BY COUNTRY, %, MIDDLE EAST, 2022 VS 2029
  1. Figure 18:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 19:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 20:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY BY COUNTRY, %, MIDDLE EAST, 2022 VS 2029
  1. Figure 21:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 22:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 23:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY BY COUNTRY, %, MIDDLE EAST, 2022 VS 2029
  1. Figure 24:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 25:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 26:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY COUNTRY, %, MIDDLE EAST, 2022 VS 2029
  1. Figure 27:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 28:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 29:  
  2. VOLUME SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, %, MIDDLE EAST, 2017, 2023, AND 2029
  1. Figure 30:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY COUNTRY, %, MIDDLE EAST, 2017, 2023, AND 2029
  1. Figure 31:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, SAUDI ARABIA, 2017 - 2029
  1. Figure 32:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, SAUDI ARABIA, 2017 - 2029
  1. Figure 33:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, SAUDI ARABIA, 2022 VS 2029
  1. Figure 34:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, UNITED ARAB EMIRATES, 2017 - 2029
  1. Figure 35:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, UNITED ARAB EMIRATES, 2017 - 2029
  1. Figure 36:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, UNITED ARAB EMIRATES, 2022 VS 2029
  1. Figure 37:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, REST OF MIDDLE EAST, 2017 - 2029
  1. Figure 38:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, REST OF MIDDLE EAST, 2017 - 2029
  1. Figure 39:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, REST OF MIDDLE EAST, 2022 VS 2029
  1. Figure 40:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, MIDDLE EAST, 2019 - 2021
  1. Figure 41:  
  2. MOST ADOPTED STRATEGIES, COUNT, MIDDLE EAST, 2019 - 2021
  1. Figure 42:  
  2. REVENUE SHARE OF POLYETHER ETHER KETONE (PEEK) BY MAJOR PLAYERS, %, MIDDLE EAST, 2022

Middle East Polyether Ether Ketone (PEEK) Industry Segmentation

Aerospace, Automotive, Electrical and Electronics, Industrial and Machinery are covered as segments by End User Industry. Saudi Arabia, United Arab Emirates are covered as segments by Country.

  • Polyetheretherketone (PEEK) material is prevalent in many industries due to its lightweight and high quality in terms of strength, low fatigue, and low flammability. Due to its low flammability, it can withstand combustion up to nearly 600°C. The Middle East has a 1.03% share of the revenue in the global PEEK market.
  • The PEEK market in the Middle East recorded a dip in 2020 due to the impact of COVID-19. The market declined by 4.33% in terms of revenue compared to 2019. The supply chain disruptions, raw material shortage, and nationwide lockdown in several countries in the region have impacted the market. However, due to a consistent supply of raw materials, revenue for PEEK resin increased in successive years, with a growth rate of 15.32% in 2022.
  • PEEK resin is commonly used in other-end user industries segment of the Middle East market. The region produces consumer goods, such as kitchen and household utensils, furniture, and sports equipment, using PEEK resin. The rising demand for consumer goods and medical equipment is expected to drive the demand for PEEK resin in the coming years.
  • Electrical and electronics is expected to be the fastest-growing end-user industry for PEEK resin in the Middle East, with an expected CAGR of 10.71% in terms of revenue during the forecast period of 2023-2029. The consumption of PEEK resin in the industry is expected to reach around 22.59 tons by 2029. The rising semiconductor production in the Middle East is expected to drive the demand for PEEK resin. For instance, Saudi Arabia’s Advanced Electronics Company (AEC) signed an MoU aimed at accelerating the Kingdom’s digital ecosystem development, including the localization of semiconductor chip manufacturing.
End User Industry Aerospace
Automotive
Electrical and Electronics
Industrial and Machinery
Other End-user Industries
Country Saudi Arabia
United Arab Emirates
Rest of Middle East
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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.
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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
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Middle East Polyether Ether Ketone (PEEK) Market Research FAQs

The Middle East Polyether Ether Ketone (PEEK) Market size is expected to reach USD 7.26 million in 2024 and grow at a CAGR of 8.91% to reach USD 11.12 million by 2029.

In 2024, the Middle East Polyether Ether Ketone (PEEK) Market size is expected to reach USD 7.26 million.

Jilin Joinature Polymer Co., Ltd., Pan Jin Zhongrun High Performance Polymer Co.,Ltd and Victrex are the major companies operating in the Middle East Polyether Ether Ketone (PEEK) Market.

In the Middle East Polyether Ether Ketone (PEEK) Market, the Electrical and Electronics segment accounts for the largest share by end user industry.

In 2024, United Arab Emirates accounts for the largest share by country in the Middle East Polyether Ether Ketone (PEEK) Market.

In 2023, the Middle East Polyether Ether Ketone (PEEK) Market size was estimated at 7.26 million. The report covers the Middle East Polyether Ether Ketone (PEEK) Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Middle East Polyether Ether Ketone (PEEK) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Middle East Polyether Ether Ketone (PEEK) Industry Report

Statistics for the 2023 Middle East Polyether Ether Ketone (PEEK) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Middle East Polyether Ether Ketone (PEEK) analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Middle East Polyether Ether Ketone (peek) Market Report Snapshots

Middle East Polyether Ether Ketone (PEEK) Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

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