GCC Polyaryletherketone Market

gcc polyaryletherketone (peek) market outlook has been determined largely by the lucrative opportunities for advanced engineering materials which has encouraged industry participants to offer new grade with improved properties. moreover, the rising demand for peek in critical applications such as aerospace, automotive, oil & gas, electrical & electronics sectors has gained significant traction across the entire region. this ongoing trend has catapulted a distinct level of fuel to the demand for this high-performance engineering plastic. one of the major advantages which is adding to the demand for peek is its high thermal properties, which can withstand temperature up to 204°c, even in continuous service. the high temperature resistance coupled with its good creep and fatigue resistance, superior mechanical properties makes it ideal choice for product designers for high load bearing applications. gcc countries, owns major portion of the middle east region, have higher gdp along with flourishing industrial landscape, which has created a potential avenue for peek products. a major trend witnessed presently in the peek market is the emergence of cost-effective peek thermoplastic reinforced with short glass fibers or carbon fibers. these peek-based hybrid composites offer superior grade thermoplastic properties besides less expensive than metal or other grade reinforced composites. to add more to this, various grades of peek and its reinforced composites are now used in medical and healthcare fields due to its easy sterilization property along with its superior chemical resistance, for use of medical implants, disposables and other surgical devices. the gcc peek market is targeted to observe strong growth between 2018 to 2032 due to lucrative opportunities coupled with the introduction of multiple inventive products. peek offers varies advantages in terms of its performance properties along with cost-effective in comparison with metal. needless to say, the product uniqueness of peek will further drive the market demand. to conclude, gcc peek market is witnessing consistent growth, owing to the continuous innovations, product development. the region’s focus towards manufacturing and industrialization and its huge dependency in the gas and oil based products has pushed the demand for peek, and will continue to do so in the near future.