Market Competition Landscape
The global PEEK market exhibits a landscape dominated by one leadingcompany and several strong contenders—Victrex, Solvay, Evonik, JoinaturePolymer, and Zhejiang Pfluon—who together control over 90% of the market share.Currently, Victrex of the UK remains the largest global PEEK manufacturer witha production capacity of 7,150 tons per year, accounting for approximately 60%of the world’s total capacity. Belgium’s Solvay has an annual PEEK capacity of2,500 tons, with its production facilities mainly located in India and productsprimarily sold to Europe and Japan. Germany’s Evonik, whose main PEEKmanufacturing operations are based in China, ranks as the third-largest PEEKproducer after Victrex and Solvay, with a capacity of 1,800 tons per year,focusing its sales mainly on the European market. - LookWholeInsight
Global Polyetheretherketone(PEEK) Market Size Share:2024
Top 5 Company Profiles
1. Victrex
Victrex is the global leader in the PEEK market, with an annualproduction capacity of 7,150 tons, accounting for approximately 60% of theglobal market share. Victrex offers a comprehensive range of PEEK products withdiverse applications, focusing strongly on medical materials. The VICTREX®PEEK™ series has become an industry benchmark, covering nine categories and 49grades including pure resin, reinforced composites, and highly purifiedpellets. Victrex also develops various PEEK products such as coating-gradeVICTREX® VICOTE™ and PEEK films under the VICTREX® APTIV™ series, leveragingits vertically integrated supply chain. Victrex targets strategic marketsincluding automotive, aerospace, energy, electronics, and healthcare, withmedical materials as a key growth area. Its subsidiary Invibio, established in2000, focuses on medical-grade PEEK resins and implant products. ThePEEK-OPTIMA® resin series has received biocompatibility certifications fromChina's SFDA and the US FDA, and has been successfully applied in spinalimplants, artificial joints, and bone repair products. To date, Invibio’sPEEK-OPTIMA™ polymer has been used in approximately 13 million implantabledevices worldwide.
2. Solvay
Solvay is the world’s second-largest PEEK supplier, with an annualproduction capacity of about 2,500 tons and an 18% market share. Its PEEKbusiness operates mainly under the Specialty Polymers division, offeringproducts such as KetaSpire® PEEK and AvaSpire® PAEK series. KetaSpire® PEEK iswidely used in aerospace, automotive, medical devices, and electronics due toits excellent heat resistance, chemical resistance, and mechanical properties.AvaSpire® PAEK is suited for oil and gas, electronics, and industrialapplications, providing greater processing flexibility and cost-effectiveness.
3. Evonik
Evonik is the third-largest global PEEK manufacturer, with an annualcapacity of 1,800 tons. Its PEEK products are marketed under the VESTAKEEP®brand and find wide application in medical, aerospace, automotive, andelectronics sectors. The product range includes VESTAKEEP® i4/i5/iC4506 forlong-term medical implants, bioactive orthopedic material VESTAKEEP® Fusion,and carbon fiber reinforced 3D-printing filaments, meeting diverse industryneeds. Evonik’s PEEK materials feature excellent biocompatibility, mechanicalperformance, and manufacturability, certified by FDA and CE, and areextensively used in orthopedics, dentistry, cardiovascular, and craniofacialsurgery. Innovative products like carbon fiber reinforced 3D printable PEEKfilaments advance medical device manufacturing technology.
4. Joinature Polymer
Joinature Polymer is the fourth global company to reach a thousand-tonannual PEEK production capacity and is China’s largest PEEK manufacturer with a1,000-ton capacity. The company has focused on PEEK research and developmentfor over a decade, becoming a domestic industry leader. Founded in 2006,Joinature developed an independent PEEK synthesis route, completed 50L pilotscale synthesis in 2010, and mastered 5,000L production scale technology by2014. Now in the industrialization stage, its product portfolio includeshigh-purity, reinforced composite, and fine powder PEEK, expanding intohigh-value medical and aerospace grades. Their product system comprises twomain categories (pure resin and reinforced composites), three major grades bymelt flow index (770, 550, 330), and six product series based on form andprocessing method (coarse powder P-series, fine powder PF-series, granulesG-series, glass fiber reinforced GL-series, carbon fiber reinforced CA-series,wear-resistant FC-series), plus a small amount of PEEK finished products.
5. Zhejiang Pfluon
Zhejiang Pfluon New Materials Co., Ltd., established in December 2010,specializes in the research, production, and sales of high-performance polymerssuch as PEEK (polyether ether ketone) and PES (polyethersulfone), as well asthe development of applications for related products. The company’s Phase 1project completed a production line with an annual capacity of 700 tons forPEEK polymer and PES resin. Its products serve various industries includingaerospace, automotive, home appliances and cookware, electronics andsemiconductors, petrochemicals, clean energy, and medical devices.
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