Germany Polyaryletherketone Market

Synopsis
The above chart is Germany Polyaryletherketone Market Outlook (2018 to 2032)

Market Dynamics

germany accounts for one of the major segments of the european polyaryletherketone (peek) market, mainly because of its widespread medical and automotive industries, as well as competitiveness in the chemical industry. peek is a thermoplastic material that combines superior thermal and chemical resistance, along with high rigidity and strength for functional parts. peek can be processed by various methods such as injection molding, extrusion processing and lamination molding. in the automotive industry, peek is becoming increasingly demanded as the ideal material for fuel systems, heating systems, brake systems, engine components and turbochargers due to its exceptional properties. medical uses of peek include artificial joint components, implants, stents, artificial heart valves and others for its high thermal and fatigue resistance. in terms of upcoming trends, peek is expected to be at the forefront of advanced plastic developments due to its popular and novel properties that allow it to resist temperatures up to 300 °c, hot water and many chemicals. moreover, the development of new grades of peek that offer enhanced properties such as flame retardancy, processability, adhesion and strength are expected to create new market segments for the material. on the regulatory front, german regulations have become stricter over the past few years with the introduction of regulations like packaging law, ecodesign and rohs 2.0, which focus on production process and end-product quality. additionally, the european union also puts efforts to reduce the amount of chemicals used in production and it may act as an impediment to the growth of the peek market. overall, the polyaryletherketone market in germany is expected to witness steady growth in the foreseeable future owing to increasing demand from the automotive, medical and aerospace sectors. moreover, key players in the market are investing in research and development activities to introduce new grades and products to meet the ever-changing customer demands. the well-established infrastructure and increasing investment in r&d activities is expected to sustain the peek market in germany.