Global Polyether Ether Ketone (PEEK) Market is expected to reach USD 765.7 million by 2020; according to a new study by Grand View Research, Inc. Shift towards reducing overall weight of automobiles by substituting metals with high performance plastics is expected to drive the global PEEK market over the forecast period. Stringent regulations particularly in the U.S. and Europe to minimize fuel consumption by improving fuel efficiency have prompted PEEK adoption across the automotive industry. Superior performance features have also contributed towards its increasing penetration across medical, food, semiconductors, aerospace and industrial sectors. High price of PEEK compared to other plastics is expected to remain a key challenge for market participants.
http://www.grandviewresearch.com/industry-analysis/polyether-ether-ketone-peek-industry
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