Dublin, Aug. 17, 2018 (GLOBE NEWSWIRE) -- The "North America PEEK Material Market - Focus on Application (Medical Devices: Non-Implant), Competitive Landscape, Regional Study (Three Countries), Type, and Form - Analysis and Forecast, 2018-2025" report has been added to ResearchAndMarkets.com's offering. North America PEEK Material Market to Reach $335.8 Million by 2025
Owing to its biocompatible properties and stiffness in congruence with bone structure, PEEK is the best suitable material for fabrication and development of medical implants. The successful incorporation of PEEK material for the development of medical implants, has significantly enhanced the scope of PEEK material for non-implant medical applications.
Acknowledging the massive potential of PEEK material for non-implant medical applications, several companies such as Victrex plc, Evonik Industries AG, and Solvay S.A., among others, have made significant investments to unleash the potential of the market. The North America PEEK material market is the second largest in terms of revenue and consumption of PEEK. The North America PEEK material market has been witnessing a stable and promising compound annual growth rate of approximately 2.00% since the past three years (2014-2017). Regardless of its exorbitant cost, PEEK has gained momentous acceptance across several industries such as automobile, aerospace, consumer electronics, oil and gas, manufacturing, and healthcare, among others. Some of the applications in which PEEK material is incorporated to a considerable extent are engine piston parts, high-performance liquid chromatography columns, bearings, electrical cable insulation, pumps, and compressor plate valves, among others.
Specific to the healthcare industry, the features such as durability, biocompatibility, and excellent resistance to extreme sterilization techniques, among others, make PEEK the best suitable material for certain pivotal applications, such as surgical equipment, spinal implants, orthopaedic implants, and dental equipment, among others. Further, PEEK is the only known material which can be incorporated in ultra-high vacuum applications. Owing to the aforementioned elite features, PEEK material is significantly incorporated in the fabrication of active implantable devices. The answers to the following key questions can be derived from this report:
- What are the key features that are promoting PEEK material's incorporation in different applications?
- What are the key applications of PEEK material across different fields such as aerospace, automotive, electronics, and healthcare?
- What are the major market drivers, challenges, and opportunities in the North America PEEK material market?
- What is the scale of PEEK material consumption across countries namely the U.S., Canada, and Mexico?
- What is the current production capacity of key players of the market?
- What is future scope of expansion of production capacities of key players of the market?
- Who are the key consumers of PEEK material across several industries such as aerospace, automotive, electronics, and healthcare?
- What is the best value chain model adopted by the leading players in the market?
- What is the best supply chain model adopted by the leading players in the market?
- What are the key developmental strategies that are implemented by the key players to sustain this market?
- What are the leading companies dominating the North America PEEK material market?
- What is the scale of impact on market dynamics by the operations of key players of the North America PEEK material market?
- What are the leading companies dominating the North America medical grade PEEK material market?
- What are the fields which are anticipated to witness impressive growth rate in terms of PEEK material incorporation?
- What are investors' perceptions about the North America PEEK material market?
- What are the regulations pertaining to the incorporation of PEEK material in North America?
- What is the scale of investment for research and development by key companies of the market?
- What are the key areas focused by leading players of the market for the expansion and strengthening of PEEK material product portfolio?
- What are the benefits of the incorporation of PEEK material in comparison with other high performance polymers?
- What was the market value of the leading segments and sub-segments of the North America PEEK material market in 2017?
- How will each segment of the North America PEEK material market grow during the forecast period, and what will be the revenue generated by each of the segments by the end of 2025?
- How will the industry evolve during the forecast period 2018-2025?
- Which geographical location will contribute to the highest sales of the PEEK material during the forecast period?
Companies Mentioned
- Akro-Plastic GmbH
- Apollo Medical Extrusion Technologies
- Boedeker Plastics, Inc.
- Cadence Inc.
- Celanese Corporation
- Centroplast Engineering Plastics GmbH (Subsidiary of Centrotec Sustainable AG)
- CoorsTek Medical LLC
- Drake Plastics Ltd.
- Emco Industrial Plastics, Inc.
- Ensinger Holding Gmbh & Co. Kg
- Evonik Industries AG
- Goodfellow Cambridge Ltd.
- Greene, Tweed & Co., Inc.
- Omnia Plastica SpA
- Parker-Hannifin Corporation
- Quadrant group of companies (Subsidiary of Mitsubishi Chemical Holdings Corporation)
- Quantum Polymers Corporation
- R & B Plastics, Inc.
- RTP Company
- SABIC
- Sentinel Plastics Limited
- Solvay S.A.
- Victrex plc
- Zell-Metall Ges.m.b.H. Engineering Plastics
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