Marché du polyéther éther cétone (PEEK) au Moyen-Orient et en Afrique – Tendances et prévisions de l’industrie jusqu’en 2029

Analyse et perspectives du marché du polyéther éther cétone (PEEK) au Moyen-Orient et en Afrique

L'augmentation des applications du polyétheréthercétone (PEEK) dans diverses industries est un moteur important du marché du polyétheréthercétone (PEEK) au Moyen-Orient et en Afrique. Les excellentes caractéristiques et propriétés du PEEK et du PEEK en tant qu'alternative potentielle aux métaux dans l'industrie automobile devraient propulser la croissance du marché du polyétheréthercétone (PEEK) au Moyen-Orient et en Afrique.

Les principales contraintes susceptibles d’avoir un impact négatif sur le marché du polyétheréthercétone (PEEK) au Moyen-Orient et en Afrique sont les coûts élevés des produits en polyétheréthercétone (PEEK) et la disponibilité facile de substituts.

Les progrès rapides dans les applications médicales et de santé et les réglementations strictes visant à réduire les émissions de CO2 devraient offrir des opportunités sur le marché du polyétheréthercétone (PEEK) au Moyen-Orient et en Afrique. Cependant, les conditions de traitement difficiles pour les polyétheréthercétones peuvent remettre en cause la croissance du marché du polyétheréthercétone (PEEK) au Moyen-Orient et en Afrique.

Le marché du polyéther éther cétone (PEEK) au Moyen-Orient et en Afrique devrait connaître une croissance significative au cours de la période de prévision de 2022 à 2029. Data Bridge Market Research analyse que le marché croît avec un TCAC de 4,8% au cours de la période de prévision de 2022 à 2029 et devrait atteindre 41,27 millions USD d'ici 2029.

Définition du marché

PEEK is a colorless organic thermoplastic polymer, a member of the poly aryl ether ketone (PAEK) family. It is a homopolymer having a single monomer. It is a semi-crystalline thermoplastic with exceptional chemical and mechanical properties that are retained even at higher temperatures. It shows resistance to deterioration during various sterilization procedures. Hence it can be sterilized with heat sterilization methods without affecting its properties. Its chemical structure makes it highly resistant to chemical and radiation damage, compatible with reinforcing agents such as glass and carbon fibers, and has greater strength than metals. These properties make it highly suitable for industrial applications.

Middle East and Africa Polyether Ether Ketone (PEEK) Market Dynamics

This section deals with understanding the market drivers, opportunities, restraints, and challenges. All of this is discussed in detail below:

Drivers

• Rising applications of polyether ether ketone (PEEK) in various industries

These polymers have many emerging applications in the aerospace, automotive, oil & gas, medical, and electronics industry in the near future, which will further enhance the growth prospects of the Middle East and Africa polyether ether ketone (PEEK) market. Moreover, polyether ether ketone (PEEK) is regarded as a leading high-performance polymer throughout the plastic industry. Metals used to be the materials of choice in the automotive, aerospace, medical devices, and other industries, but now PEEK polymer is rapidly replacing them by complying with today's Middle East and Africa emission regulations and assisting in reducing CO2 emission through more efficient technology.

• Excellent characteristics and properties of PEEK

PEEK polymers melt at a relatively high temperature compared to other thermoplastics. Its melting temperature range can be processed and enhanced more using injection molding, extrusion methods, spray forming, or pressing methods. Apart from this, the ability to process polyether ether ketone (PEEK) polymers with 3D printing makes it a desired material for its increased applications.

• PEEK as a potential alternative to metals in the automotive industry

Rising consumers' purchasing power, rapid industrialization in various countries, and rapid expansion of the automobile sector have propelled the growth of the automobile sector. Polyether ether ketone is increasingly used in automotive parts, such as engines, gaskets, transmission rings, friction rings, and thrust washers, which is, in turn, driving the growth of the market.

Opportunities

• Rapid advancement in medical and healthcare application

The overall market is also anticipated to experience a wide range of applications in the medical industry over the forecast period. Currently, it is used for spinal surgery and is expected to be used for more clinical applications and commercial medical products with more research and development. There is a continuous need for research and development in the medical industry to explore untapped clinical applications of PEEK. On account of the lack of long-term clinical data, currently, the PEEK product has limited application in the field, but it is expected to boost over in the near future owing to its huge potential as a replacement for other materials used.

• Stringent regulations to reduce CO2 emissions

PEEK is emerging as an environment-friendly solution in various applications. Its application leads to low carbon emissions compared to other polymers, including polyester laminate, polyvinyl chloride, and polystyrene, among others. PEEK increases the service life of the products in which it is used by providing excellent corrosion resistance. It also performs well under high temperatures. It is one of the most versatile products in terms of providing manufacturing design freedom and thus results in less dependence on labor.

 Restraints/Challenges

• High costs of polyether ether ketone (PEEK) products

The polyether ether ketone (PEEK) polymer manufacturer and its products require a considerably high investment, as the manufacturing process is more complex than any other group of polymers or metals. In addition, manufacturing PEEK products that can withstand high temperatures requires a high level of technical competency, technicians, and research. Due to these factors, the production of PEEK is costly, and thus the cost of end-products is also very high.

• Easy availability of substitutes

Plastic is a lightweight, durable, inexpensive, and easily modified material. This is the reason for its usage, which has increased rapidly and is still growing. Plastic consists of polymers, which are large organic molecules. In the polymer market, various substitutes are available to be used in place of PEEK polymer. There are a variety of high-performance polymers available in the market.

• Challenging processing conditions for polyether ether ketones

There are many challenges in compression molding of PEEK. The process is time-consuming, highly sensitive, and very specific in the type of tooling required. Compression molding is known for low productivity; even a large processor can only consume 20-25 Kg per day of production. The actual process of compression molding PEEK is also not straightforward and needs to be finely tuned until a process that most suits the equipment is available. In addition, the selection of dies is critical. In its molten form, PEEK can be a very aggressive and reactive material, and steel gets corroded during molding. Therefore, finding a balance between a strong die metal and the correct process is critical in obtaining a final process that is both economical and productive and which yields a high-quality final product.

• An increase in competition from composites and hybrid polymers

Moreover, fiber-reinforced polymer composites are gaining importance in various fields, from household articles to the automobile industry. Natural and synthetic fibers have low cost, are lightweight, and have high specific and mechanical strength. Fiber-reinforced hybrid composites have been emerging widely as potential materials for the fabrication of composites for different applications. Using such well-characterized processing techniques and modification methods helps achieve desirable product qualities.

Recent Development

• In February 2022, Arkema became the finalist at the JEC Composites Innovation Awards 2022. Arkema, in partnership with Somocap, was one of the 30 finalists for this 2022 edition in the Building and Civil Engineering category through the project led by Optimas. This has enhanced the company's reputation in the market

Middle East and Africa Polyether Ether Ketone (PEEK) Market Scope

The Middle East and Africa polyether ether ketone (PEEK) market is categorized based on type, application, and end use. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

Type

• Carbon Filled
• Glass Filled
• Unfilled
• Others

On the basis of type, the Middle East and Africa polyether ether ketone (PEEK) market is classified into glass filled, carbon filled, unfilled, and others.

Application

• Bearings
• Piston Parts
• Compressor Plate Valves
• HPLC Columns
• Pumps
• Biomedical
• Cable Insulation
• Others

On the basis of application, the Middle East and Africa polyether ether ketone (PEEK) market is classified into bearings, piston parts, pumps, HPLC columns, compressor plate valves, cable insulation, biomedical, and others.

End Use

• Automotive
• Electrical Industry
• Aerospace
• Energy
• Oil & Gas
• Medical
• Food & Beverage Processing
• Others

On the basis of end use, the Middle East and Africa polyether ether ketone (PEEK) market is classified into aerospace, automotive, food & beverage processing, oil & gas, electrical industry, energy, medical, and others.

Middle East and Africa Polyether Ether Ketone (PEEK) Market Regional Analysis/Insights

The Middle East and Africa polyether ether ketone (PEEK) market is segmented based on country, type, application, and end use.

Some countries covered in the Middle East and Africa polyether ether ketone (PEEK) market are Egypt, Saudi Arabia, United Arab Emirates, South Africa, Israel and Rest of the Middle East and Africa. Saudi Arabia is expected to dominate the Middle East and Africa polyether ether ketone (PEEK) market in terms of market share and revenue owing to the use in oil & gas refineries in the region.

The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data point downstream and upstream value chain analysis, technical trends and porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of the Middle East and African brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Middle East and Africa Polyether Ether Ketone (PEEK) Market Share Analysis

The Middle East and Africa polyether ether ketone (PEEK) market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies' focus related to the Middle East and Africa polyether ether ketone (PEEK) market.

Some of the prominent participants operating in the Middle East and Africa polyether ether ketone (PEEK) market are Evonik Industries AG, Solvay, Freudenberg, Arkema, Avient, SABIC, SAINT-GOBAIN, the Mitsubishi Chemical Group of Companies (A Subsidiary of Mitsubishi Chemical Group Corporation), among others.

Research Methodology

La collecte de données et l'analyse de l'année de base sont effectuées à l'aide de modules de collecte de données avec des échantillons de grande taille. Les données du marché sont analysées et estimées à l'aide de modèles statistiques et cohérents du marché. En outre, l'analyse des parts de marché et l'analyse des tendances clés sont les principaux facteurs de succès du rapport de marché. La principale méthodologie de recherche utilisée par l'équipe de recherche DBMR est la triangulation des données, qui implique l'exploration de données, l'analyse de l'impact des variables de données sur le marché et la validation primaire (expert du secteur). En dehors de cela, les modèles de données comprennent des grilles de positionnement des fournisseurs, une analyse de la chronologie du marché, un aperçu et un guide du marché, des grilles de positionnement des entreprises, une analyse des parts de marché des entreprises, des normes de mesure, Moyen-Orient et Afrique par rapport aux régions et une analyse des parts des fournisseurs. Veuillez demander un appel d'analyste en cas de demande de renseignements supplémentaires.

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