Plastic straps Market: What are the major growth strategies prevalent in the industry?

Plastic straps are flat and flexible materials, which are used for packaging and bundling things together. Plastic straps are made from several types of polymers such as polyester, polypropylene, nylon, composite, and others. This report estimates the size of the plastic straps market based on type, end-use industry, and region. The plastic straps market is projected to grow from USD 1.55 billion in 2018 to USD 3.68 billion by 2023, at a CAGR of 18.8% between 2018 and 2023. The growth of the plastic straps market can be attributed to the increasing demand for plastic straps from the automotive, building & construction, and beverage industries. This increased demand for plastic straps from different end-use industries is due to various properties offered by these straps that include excellent tensile strength, improved flexibility, and ease of recyclability, among others. However, the fluctuating prices of raw materials used for manufacturing these straps are expected to restrain the growth of the plastic straps market across the globe.

The Asia Pacific region led the plastic straps market in 2017, in terms of value. It was followed by the European and North American regions. The growth of the Asia Pacific plastic straps market can be attributed to the increased demand for plastic straps from China. The economic growth of China is boosting the growth of the steel and construction industries in the country, thereby leading to high consumption of plastic straps in these industries. The Asia Pacific plastic straps market is projected to grow at the highest CAGR, in terms of value from 2018 to 2023. The support of governments of different countries of the Asia Pacific region, flourishing manufacturing industry in the region, and rising investments for the production of plastic straps in emerging economies such as China, India, and South Korea are contributing to the growth of the Asia Pacific plastic straps market. The plastic straps markets in the European and North American regions are relatively mature.

Among types, the polyester straps segment of the plastic straps market is projected to grow at the highest CAGR, in terms of value during the forecast period. The polypropylene straps segment is projected to lead the plastic straps market from 2018 to 2023, in terms of value. Polyester straps have excellent dimensional stability, high tensile strength, low moisture absorption, good chemical resistance, excellent electrical properties, superior ultraviolet resistance, and good gas barrier properties as polyester is a high-performance thermoplastic manufactured from dimethyl terephthalate and ethylene glycol. These straps are used for heavy, shrinking, and/or settling loads that require materials, which can handle high tension and possess great elongation and recovery properties.

Based on end-use industry, the paper segment is projected to lead the plastic straps market from 2018 to 2023, in terms of value. The cotton segment of the market is projected to grow at the highest CAGR, in terms of value during the forecast period. Several manufacturers of plastic straps that include Crown Holdings and FROMM Packaging are establishing new production plants and innovative technologies in line with the increasing demand for plastic straps from various end-use industries such as automotive, paper, fiber, and cotton.

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TRIACETIN MARKET - NEW REVENUE POCKETS

The triacetin market is projected to reach USD 309.9 million by 2022, at a CAGR of 4.8% between 2017 and 2022. A key factor contributing to the growth of the triacetin market is the increased demand for triacetin from the tobacco, food & beverage, pharmaceutical, and cosmetic industries.

In terms of value, the tobacco grade segment of the triacetin market is projected to grow at the highest CAGR during the forecast period. According to a study by The Tobacco Atlas, 5.8 trillion cigarettes were smoked globally in 2014. The tobacco grade triacetin is used as a plasticizer in cigarette filters rods. The growing consumption of cigarettes around the globe is driving the growth of the tobacco grade segment.

Among end-use industries, the tobacco segment is projected to lead the triacetin market during the forecast period, in terms of value. According to a study, the market size of the tobacco industry is around USD 800 billion. The tobacco industry is an important contributor to the economies of many countries. The growth of the tobacco industry across the globe has boosted the consumption of triacetin. According to British American Tobacco, there are an estimated one billion adult smokers worldwide. Triacetin is used in many applications as a plasticizer, including in cellulose acetate filters or cigarette filter rods. Chewing gum is another application which majorly uses triacetin as a plasticizer. Based on product type, the plasticizer segment is projected to lead the triacetin market during the forecast period, in terms of value.

In terms of value, the Asia Pacific triacetin market is projected to grow at the highest CAGR during the forecast period. The growth of the Asia Pacific triacetin market can be attributed to the region’s growing economies, such as China, India, Japan, Australia, and South Korea, and increasing disposable income. Increasing demand from end-use industries has also fueled the growth of the triacetin market in Asia Pacific.

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PET PREFORMS MARKET – INDUSTRY INSIGHTS & GLOBAL FORECAST TO 2022

The global PET preforms market was valued at USD 17.14 billion in 2016 and is projected to reach USD 23.35 billion by 2022, at a CAGR of 5.31% from 2017 to 2022. PET preforms are unfinished PET bottles with varied neck sizes. PET preforms differ in size, color, and weight.

The growing demand for PET preforms from the manufacturing industry in Asia Pacific, especially in emerging economies, is contributing towards the growth of the global PET preforms market.

Based on type segment, the Type 2 (Alaska/Bericap/Crown Obrist/Others) PET preform segment of the global PET preform market is projected to register the highest CAGR during the forecast period. This PET preform type is used for packaging of water. The growth of this segment is driven by the shifting trend in drinking habits of the people to consume more hygienic and clean drinking water.

Based on application segment, the carbonated soft drinks segment of the global PET preforms market is projected to grow at the highest CAGR during the forecast period. Consumers are looking for a packaging material which is both affordable and easy-to-handle. Since PET is an answer to both these requirements, PET preforms are preferred for the packaging of carbonated soft drinks. This factor acts as a key growth driver for the PET preforms market for the carbonated soft drinks application segment.

In 2016, Asia Pacific accounted for the largest share of the global PET preforms market, followed by Europe. However, the PET preforms market in Middle East & Africa is projected to grow at the highest CAGR during the forecast period. The high demand for PET preforms in Asia Pacific is attributed to the demand for beverages from countries, such as China and India. This factor is driving the growth of the PET preforms in this region as both these countries have the world’s largest consumer base in terms of population.

Market players have adopted both organic and inorganic growth strategies, such as regional expansions, mergers & acquisitions, and new product developments, to expand their businesses worldwide. Increasing consumer awareness regarding health and hygiene and rising demand for clean drinking water has changed the drinking habits of the consumers. This has shifted their focus towards packaged beverages, and hence the demand for PET preforms used in the packaging of non-carbonated drinks such as bottled water, juices, energy drinks, and drinking milk products is expected to grow rapidly. 

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MASTERBATCH MARKET - KEY REVENUE POCKETS

Replacement of metals with plastics for the automotive application and widely preferred coloring method are factors that are expected to drive the growth of the global masterbatch market

The global masterbatch market was valued at USD 10.45 billion in 2017, and is projected to reach USD 13.41 billion by 2022, at a CAGR of 5.1% from 2017 to 2022. This market has been segmented on the basis of type, polymer, application, and region.

Based on type, the color segment of the global masterbatch market is expected to grow at the highest CAGR between 2017 and 2022. This growth is mainly attributed to the increasing applicability of color in packaging, building & construction, consumer goods, automotive, agriculture, and textile among others. In addition, technological advancements in the color masterbatch market have enabled the development of a wide range of colors and improved the efficiency of end-use products.

Based on polymer, the LDPE & LLDPE segment of the global masterbatch market is expected to grow at the highest CAGR during the forecast period. These types of polymers offer superior physical properties such as impact resistance, tensile strength and also help in reducing processing cycle time. These are used for various applications, such as, packaging consumer goods, automotive, agriculture, and others.

Based on application, the packaging segment is projected to grow at the highest CAGR between 2017 and 2022. This growth is mainly attributed to the rising demand in retail, industry, and institutions. The increase in handling and transport of goods due to globalization, liberalization, changing consumer lifestyles, and economic development has led to the increase in demand for better protection and handling of goods.

The Asia-Pacific region is projected to be the fastest-growing masterbatch market. The growth of the masterbatch market in the Asia-Pacific region is primarily attributed to the increasing demand for masterbatch in the packaging application.

Some of the key players operating in the global masterbatch market are Clariant AG (Switzerland), A. Schulman Inc. (U.S.), PolyOne Corporation (U.S.), Ampacet Corporation (U.S.), Penn Color, Inc. (U.S.), Plastiblends India Ltd. (India), Tosaf Group (Israel), Hubron (International) Ltd. (U.K.), Cabot Corporation (U.S.), and Plastika Kritis S.A. (Greece), among others. Most companies have adopted new product developments, expansions, mergers & acquisitions, agreements, and partnerships as key strategies to enhance their shares in the global masterbatch market.

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PAINTS & COATINGS MARKET - GLOBAL FORECAST TO 2022

The paints & coatings market is projected to grow from USD 160.54 billion in 2017 to USD 209.36 billion by 2022, at a CAGR of 5.45% from 2017 to 2022. The market in the Asia-Pacific region is projected to grow at the highest CAGR during the forecast period, in terms of both value and volume. The growth of the Asia-Pacific paints & coatings market can be attributed to the increasing demand for paints & coatings from the region’s emerging economies, such as India, China, South Korea, Vietnam, and Indonesia, among others.

India has emerged as one of the key markets for paints & coatings in the Asia-Pacific region because of its growing population, economic growth, increasing industrialization, manufacturing activities, and infrastructure development. The rising demand from end-use industries, such as construction, automotive, general industrial, wood, protective, marine, aerospace, and coil coatings has assisted the growth of the country’s paints & coatings market. The construction industry in China is rapidly growing owing to the rising demand from housing activities, new construction and renovation, government and private investment in residential and non-residential projects, and growing consumer spending power.

The demand for paints & coatings from various end-use industries such as construction, automotive, marine, aerospace, wood, general industrial, rail, coil coatings, transportation, and packaging coatings has been increasing in the Asia-Pacific region over the past few years. This trend is expected to continue till 2022. The Asia-Pacific paints & coatings market is projected to grow at the highest CAGR during the forecast period. The Asia-Pacific region is a rapidly expanding paints & coatings market, owing to the growing economy and increasing middle-class population. The increasing number of residential and commercial buildings due to rising population and urbanization mainly in China and India are expected to drive the market during the forecast period.

By resin type, the acrylic segment of the paints & coatings market is projected to grow at the highest CAGR during the forecast period. Polyurethanes are preferred over other resins as they offer excellent appearance, high flexibility, hardness, good appearance, tough surface, exceptional weatherability, and excellent electrostatic application characteristics in products that require very high quality standards. The epoxy segment is projected to grow at the second-highest CAGR during the forecast period. Epoxy resins offer good adhesion, high chemical resistance, and excellent physical properties which provide excellent protection against severe corrosive environments.

By technology, the powder coating segment of the paints & coatings market is projected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to low VOC emission, superior performance and cost efficiency for applications that require maximum abrasion resistance and hardness.

Among applications, the industrial coatings segment of the paints & coatings market is projected to grow at the highest CAGR during the forecast period. Increasing demand for paints and coatings from automotive, marine, and aerospace industries is projected to drive the global paints & coatings market during the forecast period.

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Industry Outlook & Future Forecasts to 2022: Mining Lubricants Market

Lubricants are materials that help reduce the friction between moving parts or surfaces to enhance the efficiency of machines. They are formulated using various base oils including mineral oil, synthetic oil, and bio-based oil. Lubricants are used in various industries such as automotive, manufacturing, construction, and mining among others. Mining lubricants are used to protect the equipment from wear and tear by reducing friction, also to reduce heat and electrical resistivity.  The global mining lubricants market was valued at USD 1.95 billion in 2016, and is projected to reach USD 2.56 billion by 2022, at a CAGR of 4.5% from 2017 to 2022. The growth of the mining industry, increase in the demand for coal in electricity generating applications, and the growing demand for base metals such as copper, nickel, lead, zinc, and others are fueling the mining lubricants market.

Among types, mineral oil is the fastest-growing segment of the mining lubricants market during the forecast period. Relatively low price of mineral oil lubricants is expected to drive this segment during the forecast period. Asia-Pacific is the largest market for mineral oil. The growth of this segment in Asia-Pacific is attributed to the increased consumption of mineral oil in the coal mining industry in emerging countries such as India and China.

Coal mining is projected to be the fastest-growing segment from 2017 to 2022, due to the high consumption of heavy load equipment in the coal mining industry. The coal mining industry accounted for the largest share of 56.3%, in terms of value, of the overall mining lubricants market, in 2016. The market for mining lubricants in the coal mining industry is driven by the improved high-performance lubricants, which offer high viscosity index, better corrosion prevention, and high resistance to oxidation. 

Asia-Pacific led the mining lubricants market, in 2016, having accounted for the largest share (by value) and is projected to grow at the highest CAGR during the forecast period. The increasing coal mining activities in China and India are primarily responsible for the high consumption of mining lubricants.

The objectives of this study are:

• To analyze and forecast the size of the global mining lubricants markets, in terms of value and  volume
• To define, segment, and estimate the global mining lubricants market by type, end-use industry, and region
• To provide detailed information regarding the crucial factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
• To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contribution to the total market
• To analyze the opportunities in the mining lubricants market for stakeholders and details of the competitive landscape for market leaders
• To project the size of market segments, in terms of value and volume, with respect to five main regions namely, Asia-Pacific, North America, Europe, Middle East & Africa and South America
• To strategically profile the key players and comprehensively analyze their market share and core competencies
• To track and analyze competitive developments such as new product launches, acquisitions, investments, expansions, partnerships, agreements, joint ventures, collaborations, product approvals, and other developments in the mining lubricants market

The years considered for the study are:

• Base Year – 2016
• Estimated Year – 2017
• Projected Year – 2022
• Forecast Period – 2017 to 2022

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Color Concentrates Market – Industry outlook & Global Forecast to 2021

The color concentrates market was valued at USD 4.24 billion in 2016 and is projected to reach USD 5.80 billion by 2021, at a CAGR of 6.5% from 2016 to 2021. The growth of the color concentrates market is mainly attributed to the growing demand for color concentrates in packaging applications to increase the aesthetic appeal of packaging. Moreover, increasing use of plastics in various industries, such as building & construction, textiles, packaging, and automotive, among others is also driving the growth of the color concentrates market.

Color concentrates are used for coloring plastic materials. Increasing regulations related to use of plastics and their recycling influence the growth of the color concentrates market. Moreover, the regulations related to the use of food grade color concentrates in medical, cosmetics, pharmaceutical, and food & beverages packaging also impact the growth of the color concentrates market.

Among forms, the liquid segment of the color concentrates market is projected to grow at the highest CAGR during the forecast period. The growth of the liquid form segment of the market is due to various properties offered by liquid color concentrates, which include ease of color development, reduced energy consumption in their manufacturing, low material costs, enhanced color dispersion, accuracy in metering, and high color consistency.

Among end-use industries, the packaging segment of the color concentrates market is projected to grow at the highest CAGR from 2016 to 2021. The growth of the packaging end-use industry segment of the market can be attributed to the increasing use of plastics in packaging applications as they offer high strength, increased flexibility, excellent impermeability, lightness, and high stability. Moreover, a high degree of aesthetic appeal of products not only helps in product differentiation but also influences the preferences of customers. Thus, the increasing use of a variety of color concentrates for enhancing the attractiveness of packaging has led to the growth of the packaging end-use industry segment of the color concentrates market.

The Asia-Pacific color concentrates market is projected to grow at the highest CAGR during the forecast period, 2016 to 2021. The Asia-Pacific region has a huge potential for the plastics industry and the plastics industry in the region has been witnessing exponential growth over the last 60 years. The consumption of plastics in the region is increasing with innovations in the plastic industry and expansions in its manufacturing base. China and India are major emerging markets for color concentrates in the Asia-Pacific region, owing to infrastructural developments in these countries. Thus, this region has a high growth potential for color concentrates market.

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OXYGEN-FREE COPPER MARKET - NEW REVENUE POCKETS

The global oxygen-free copper market is anticipated to grow from USD 14.82 billion in 2016 to USD 18.35 billion by 2021, at a CAGR of 4.4% from 2016 to 2021. This growth can be attributed to the increasing demand for oxygen-free copper from applications such as electronics & electrical and transportation.

Based on grade, the oxygen-free copper market has been classified into Cu-OF and Cu-OFE. Cu-OF is the fastest-growing grade segment of the oxygen-free copper market. The growth of the segment can be attributed to the increasing use of Cu-OF in electrical parts to increase performance and electrical conductivity.

Based on product form, the oxygen-free copper market is segmented into wires, strips, bus bars & rods, and others. The strips segment is the fastest-growing segment owing to the increased use of oxygen-free copper strips in the electronic, transportation, and aerospace industries.

Based on end-use industry, the oxygen-free copper market is segmented into electronics & electrical, transportation, and others. The electronics & electrical segment is the fastest-growing segment owing to the increased use of high purity copper in electronic products by the major manufacturers to improve product performance. Apart from this, the growth in the electronics industry due to increasing population and per capita income in emerging economies such as China and India is expected to further drive the oxygen-free copper market.

The oxygen-free copper market in Asia-Pacific is expected to grow at the highest CAGR from 2016 to 2026. The growing demand for oxygen-free copper from both electronics & electrical and transportation industry is expected to drive the oxygen-free copper market due to the extensive usage of high purity copper by these industries in the region.

The objectives of this study are:

• To define, describe, and forecast the oxygen-free copper market based on grade, product form, end-use industry, and region
• To estimate and forecast the oxygen-free copper market size in terms of value and volume
• To provide a market share analysis of the major players in the oxygen-free copper market
• To estimate and forecast the market size of various segment based on grade, product form, and end-use industry in key regions, namely, North America, Europe, Asia-Pacific, Middle East & Africa, and South America
• To identify and analyze the key drivers, restraints, and opportunities influencing the oxygen-free copper market
• To analyze region-specific trends in North America, Europe, Asia-Pacific, Middle East & Africa, and South America
• To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the overall market
• To strategically identify and profile key market players and analyze their core competencies
• To track and analyze recent developments in the oxygen-free copper market, such as partnerships, agreements, collaborations, mergers & acquisitions, new product developments, and expansions

The key players operational in the global oxygen-free copper market are Citizen Metalloys Limited (India), KGHM Polska Miedź S.A. (Poland), Luvata (U.K.), National Bronze & Metals, Inc. (U.S.), Sam Dong America (South Korea), SH Copper Products Co., Ltd. (Japan), Zhejiang Libo Holding Group Co., Ltd. (China), Mitsubishi Materials Corporation (Japan), Pan Pacific Copper Co., Ltd. (Japan), Watteredge LLC (the U.S.), Freeport-McMoRan Inc. (the U.S.), KME Germany GmbH & Co KG (Germany), Wieland-Werke AG (Germany), Cupori Oy (Finland), and Metrod Holdings Berhad (Malaysia). These players are focusing on growth strategies such as new product launches, expansions, agreements, and acquisitions to retain a competitive position in the marketplace.

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METAL FINISHING CHEMICALS MARKET – INDUSTRY OUTLOOK & KEY MARKET PLAYERS

New product launches, mergers, joint ventures, acquisitions, expansions, agreements, and collaborations are the key strategies adopted by industry players to achieve growth in the metal finishing chemicals market. Increasing industrial developments, technological advancements, and demand for metals with excellent physical properties such as high thermal stability, greater chemical resistance, and greater design flexibility have led to the high demand for metal finishing from various end-use industries, which in turn is leading to an increasing demand for metal finishing chemicals. Companies are therefore adopting strategies such as new product launches, expansions, mergers & acquisitions, and agreements. Some of the key players, such as Atotech Deutschland GmbH (Germany), Elementis plc (U.K.), Chemetall (Germany), Houghton International Inc. (U.S.), Platform Specialty Products Corporation (U.S.), and The Dow Chemical Company (U.S.) have adopted these strategies to develop their businesses, globally. These strategies also accounted for a significant share of the overall growth strategies adopted by the players in the metal finishing chemicals market between 2012 and 2016. 

Atotech Deutschland GmbH (Germany) is a leading player in the global metal finishing chemicals market. The company, as a major metal finishing chemicals manufacturer, aims to expand its market share and become one of the most innovative companies in the world. As a part of its growth strategy, in 2017, the company acquired the plating on plastics technology developed by Pegastech (France), which deals in specialty chemicals. This acquisition helped the company in promoting sustainable surface finishing technologies.

Advanced Chemical Company Inc. (U.S) is one of the largest metal finishing chemical manufacturers in the U.S. and one of the largest producers worldwide. As a part of its business strategy, the company focuses on new product development and research, and on the manufacture of superior quality products by employing the latest state-of-the-art technology and improving the efficiency of its operations. In 2016, the company introduced ContrAul - Gold Stripper II, which is designed to strip gold from base metal substrates and without affecting metals such as nickel, kovar, stainless steel, or steel.

Key companies, such as Atotech Deutschland GmbH (Germany), Chemetall (Germany), The Dow Chemical Company (U.S.), Elementis plc (U.K.), Platform Specialty Products Corporation (U.S.), Advanced Chemical Company (U.S.), Coral Chemical Company (U.S.), Houghton International, Inc. (U.S.), McGean-Rohco, Inc. (U.S.), and NOF Corporation (Japan) are the most active players in the global metal finishing chemicals market.

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ALUMINUM-EXTRUDED PRODUCTS MARKET - NEW REVENUE POCKETS

The market for aluminum-extruded products is segmented on the basis of products type into mill-finished, powder-coated, and anodized. The mill finished products segment is estimated to account for the largest share in the market for aluminum-extruded products in 2016, and this trend is projected to continue through the forecast period. Mill-finished aluminum-extruded products are highly preferred in the construction and automotive industries, because of their light-weight but highly durable properties. Increasing demand of sustainable aluminum-extruded materials in industries such as construction, automotive, and machinery & equipment; growing concern of greenhouse gas emission; and emerging economies around the world are the key drivers for the growth of the aluminum-extruded products market.

The aluminum-extruded products market is segmented on the basis of end-use industry into construction, automotive, mass transport, electrical & electronics, machinery & equipment, and others (energy, telecom, and consumer durables). The automotive segment accounted for the largest share, in terms of value, in 2015; it is also projected to grow at the highest CAGR during the forecast period. The key reasons behind the same are the increasing demand for light-weight cars, growing concern regarding greenhouse gas emissions from vehicles, and increasing trends in the automotive industry around the world.

The scope of the report also incorporates different alloy types that are being used to manufacture aluminum-extruded products. The different alloys that have been discussed in the report are 1000 series aluminum, 2000 series aluminum alloy, 3000 series aluminum alloy, 5000 series aluminum alloy, 6000 series aluminum alloy, and 7000 series aluminum alloy.

On the basis of region, the market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle-East & Africa. The Asia-Pacific market is projected to grow at the highest rate between 2016 and 2021. High growth potential in the emerging Asia-Pacific markets is expected to provide new growth opportunities to players in the aluminum-extruded products market. India is projected to be the fastest-growing market in this region. In terms of value, the region accounted for a maximum share of the overall aluminum-extruded products market in 2015. Rise in demand in industries such as construction and automotive, government initiatives to propel FDI opportunities, and focus on adopting latest technologies and processes to enhance business operations in a variety of industries in countries such as China, Japan, and India result in Asia-Pacific being the fastest-growing market for aluminum-extruded products.

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OVERVIEW OF THE FACTORS GOVERNING THE GLOBAL POLYETHER ETHER KETONE (PEEK) MARKET

The global Polyether Ether Ketone (PEEK) market is projected to reach USD 664.3 million by 2021, at a CAGR of 6.3% from 2016 to 2021. With its exceptional properties, including stiffness and strength at high temperatures, PEEK proves to be a tough contender to its substitutes or competitors in the high performance polymers family. It has been replacing several other polymers as well as traditional metals in a wide range of applications.

With the revolution in the manufacturing sector for the production of light weight products, the need for high performance polymers with exceptional weight reduction properties, such as PEEK, has increased significantly. This revolution for light weight products is expected to lead to the aerospace and automotive industries emerging as high end users of PEEK over the coming years.

From 2016 to 2021, electrical & electronics is projected to be the fastest growing end user segment in the PEEK market. This segment is expected to continue to lead in the coming years owing to the high demand from the Asia-Pacific region, Europe, and North America. Moreover, the increasing demand for electrical & electronics products from the emerging countries of the Asia-Pacific region is also boosting the growth of the PEEK market.

The Asia-Pacific region is projected to be the fastest-growing PEEK market from 2016 to 2021. The PEEK market is well established in Europe and North America, while in China, India, and other APAC countries, this market is projected to grow significantly from 2016 to 2021. The growth of the Asia-Pacific region is supplemented by the technological developments of the end user industries, growth of the transportation and electronics sectors, coupled with the growing medical/healthcare industry in emerging economies such as Indonesia, India, and China. The key players active in the PEEK market are focusing on the expansions strategy to strengthen their market penetration in the Asia-Pacific market.

On the basis of end users, the PEEK market has been categorized into electrical & electronics, aerospace, automotive, oil & gas, medical, and others. The others segment includes defense, building & construction, and food & beverage industries. The primary types of PEEK available in the marketplace are glass filled, carbon filled, and unfilled. The glass filled segment is projected to be the fastest-growing type segment from 2016 to 2021, owing to the high demand from the electrical & electronics industry.

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