Polyetheretherketone (PEEK) Market in China 2023

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Market Overview

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%.


Key Questions Answered

What is the projected market size of PEEK in China by 2028?
Who are the key players with the largest market share in the PEEK market?
What is the estimated global market size for the PEEK market in 2023?
What are the main factors driving the growth of the PEEK market?
What is the expected incremental growth of the PEEK market during the forecast period?

Report Coverage

Details

Market Size

2290 tons in 2022

CAGR (2023-2028)

16.35%

Base Year

2022

Forecast Period

2023-2028

Pages

38

Segments

NA

Country

China

Key Players

Changchun Jilin University Special Engineering Plastics Research Co. Ltd. (JUSEP), Evonik Industries AG, Jilin Joinature Polymer Co. Ltd., Panjin Weiyingxing High Performance Materials Co. Ltd., Shandong Junhao High-Performance Polymer Co. Ltd., Shenzhen Wote Advanced Materials Co.Ltd., Solvay S.A., Victrex plc, Zhejiang Pfluon Technology Co. Ltd.


Table of Contents

TABLE OF CONTENTS
TABLE OF CONTENTS 1
FIGURES AND TABLES 3
Part 1. Introduction 5
Part 2. High Concentration of PEEK Industry, with Capacity Expansion Primarily Driven by China 11
Part 3. Asia-Pacific Consumer Growth Driven by Industrial Shifts 16
Part 4. Global Disparities in PEEK Prices: Competitive Affordability in China 18
Part 5. Competitive Analysis 19
Jilin Joinature Polymer Co., Ltd. 19
Business Overview 19
Contact Information 24
Victrex plc 25
Business Overview 25
Contact Information 28
Solvay S.A. 29
Business Overview 29
Contact Information 31
Evonik Industries AG 32
Business Overview 32
Contact Information 34
Shandong Junhao High-Performance Polymer Co., Ltd. 35
Business Overview 35
Contact Information 35
Part 6. Tanalyze’s Perspective 36
Disclaimer 37
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


Companies Mentioned

A selection of companies mentioned in this report includes:
Changchun Jilin University Special Engineering Plastics Research Co., Ltd. (JUSEP)
Evonik Industries AG
Jilin Joinature Polymer Co., Ltd.
Panjin Weiyingxing High Performance Materials Co., Ltd.
Shandong Junhao High-Performance Polymer Co., Ltd.
Shenzhen Wote Advanced Materials Co.,Ltd.
Solvay S.A.
Victrex plc
Zhejiang Pfluon Technology Co., Ltd.

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