The synthetic polymer also called polyketone, is extremely versatile. Its permanent stability at temperatures above 340 degrees Celsius and its high chemical resistance make it an excellent solution for a variety of industrial applications. Among its most outstanding characteristics are its resistance to non-oxidizing acids, hot water, concentrated bases, and most organic solvents. Moreover, it can withstand gamma rays without losing its structural integrity. The excellent physical, chemical and biological properties of polyether ethyl ketone make it an ideal replacement for titanium dental orthopedic implants. Its low biological inertia and ease of processing make it an ideal replacement for metal dental orthopedic implants. Researchers have explored various methods of enhancing PEEK's biological activity and reducing its bioinertia. These techniques have their advantages and drawbacks, but the biocompatible and reversible properties of the material are still unknown.
Competitive Landscape:
Major players operating in the global Polyether Ether Ketone (PEEK) market include Panjin Zhongrun High Performance Polymers Co. Ltd., Evonik Industries AG, Solvay S.A., and Victrex plc.
Key Market Drivers:
Polyether ether ketone is mainly used in sectors such as healthcare, automotive, electronics, aerospace, etc. Hence, the increasing incidence in these sectors is expected to augment the growth of the global Polyether Ether Ketone (PEEK) market. For instance, according to the Worldometers, there were more than 1 billion passenger cars in the world in 2018. As a thermoplastic, polyether ether ketone (PEEK) has excellent mechanical and thermal properties. This makes it an excellent alternative to titanium for orthopedic spine implants. However, its bio inertness limits its applications to other materials, like hydroxyapatite. Therefore, it is not the best choice for all applications. In order to choose the right material for the application, users should consider assessing the pros and cons of PEEK. Increasing usage of these materials in several advanced sectors is estimated to enhance the growth of the global Polyether Ether Ketone (PEEK) market.
Covid-19 Impact Analysis:
During the COVID-19 pandemic, the rapid spread of the virus disrupted several functions in the global market and affected the growth of the global Polyether Ether Ketone (PEEK) market too. However, some developments in the market during the later phase of the pandemic are gradually boosting the growth of the market. For instance, in March 2021, Evonik Industries AG developed an advanced 3D printable filament, which is based on PEEK INFINAM PEEK.
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Key Takeaways:
- North America is expected to dominate the growth of the global Polyether Ether Ketone (PEEK) market, owing to the increasing growth of several sectors in the region. For instance, according to the American Automobile Association, in 2020, there were around 276 million vehicles in the United States.
- The Asia Pacific is estimated to witness high growth in the global Polyether Ether Ketone (PEEK) market, owing to the high developments in sectors such as aerospace. For instance, according to IndiGo reports, the company has around 285 aircraft currently.
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