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Polyetheretherketone (PEEK) Market in China 2023

Publisher Tanalyze Ltd.
Published Nov 24, 2023
Length 37 Pages
SKU # TAZ18341201

Description

Polyetheretherketone (PEEK) Market in China 2023


PEEK, or Polyetheretherketone, belongs to the high molecular weight category of polyaryletherketones (PAEK), accounting for over 80% of the total consumption in this category.

The PEEK market in China has witnessed significant growth, expanding from 1,380 tons in 2019 to 2,290 tons in 2022, with a compound annual growth rate (CAGR) of 18.4%. This trend is likely to continue, with PEEK expected to maintain a high growth rate in the coming years.

Despite the growing demand for engineering plastics in China, the country's production capacity still falls short of meeting domestic demand, with a self-sufficiency rate of only 62%, particularly in special engineering plastics, where the rate is as low as 38%. Among special engineering plastics, PEEK is one of the materials with the highest import dependence.

Currently, the global total capacity for PEEK stands at approximately 16,000 tons per year, with the top three producers accounting for over 80% of the global capacity. The leading players in the global PEEK market include Victrex plc, Solvay S.A., Evonik Industries AG, Shandong Junhao High-Performance Polymer Co., Ltd., Panjin Weiyingxing High Performance Materials Co., Ltd., Jilin Joinature Polymer Co., Ltd., Zhejiang Pfluon Technology Co., Ltd., Shenzhen Wote Advanced Materials Co., Ltd., Changchun Jilin University Special Engineering Plastics Research Co., Ltd. (JUSEP), and others.

Among these players, Victrex plc, Solvay S.A., and Evonik Industries AG hold the largest market share, accounting for over 85%.

Table of Contents

37 Pages
FIGURES AND TABLES
Part 1. Introduction
Part 2. High Concentration of PEEK Industry, with Capacity Expansion Primarily Driven by China
Part 3. Asia-Pacific Consumer Growth Driven by Industrial Shifts
Part 4. Global Disparities in PEEK Prices: Competitive Affordability in China
Part 5. Competitive Analysis
Jilin Joinature Polymer Co., Ltd.
Business Overview
Contact Information
Victrex plc
Business Overview
Contact Information
Solvay S.A.
Business Overview
Contact Information
Evonik Industries AG
Business Overview
Contact Information
Shandong Junhao High-Performance Polymer Co., Ltd.
Business Overview
Contact Information
Part 6. Tanalyze's Perspective
Disclaimer
FIGURES AND TABLES
Comparative of PEEK with Engineering Plastics, Specialty Engineering Plastics, and Common Plastics
Comparative of PEEK with Key Engineering Plastics and Specialty Engineering Plastics
Polyetheretherketone (PEEK) Industrial Chain
Six Key End Users
Global PEEK Capacity Share by Company, 2022
PEEK Demand (Tons) in China, 2012-2022
PEEK Demand (Tons) Forecast in China, 2022-2028
China PEEK Production (Tons), by Local Company, 2021
List of Existing and Planned PEEK Projects in China, 2022
Import Dependency (%) of China's 4 Special Engineering Plastics in 2020
Jilin Joinature Polymer Co., Ltd. PEEK Products
Jilin Joinature Polymer Co., Ltd. Financial Overview (CNY Million)
Jilin Joinature Polymer Co., Ltd. PEEK Pure Resin Revenue (CNY Million)
Jilin Joinature Polymer Co., Ltd. PEEK Pure Resin Revenue, by Product, 2022
Jilin Joinature Polymer Co., Ltd. Revenue, by Segment, 2022
Jilin Joinature Polymer Co., Ltd. PEEK Product Revenue, by End User, 2022
Jilin Joinature Polymer Co., Ltd. Revenue, by Region, 2022
Victrex plc Group Sales Volume (Tons)
Victrex plc Group End Markets Volume, by Region, 2022
Victrex plc Group End Markets Volume, by Industry, 2022
Victrex plc Financial Overview (GBP Million)
Victrex plc Revenue, by Segment, 2022
Victrex plc Revenue, by Region, 2022
Solvay S.A. Financial Overview (EUR Million)
Solvay S.A. Revenue, by Segment, 2022
Solvay S.A. Revenue, by Region, 2022
Evonik Industries AG Financial Overview (EUR Million)
Evonik Industries AG Revenue, by Segment, 2022
Evonik Industries AG Revenue, by Region, 2022

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