January 7, 2025 – Kingfa Science and Technology has recently revealed in an interaction with investors that the company has independently mastered the core technology of PEEK polymerization, with its modified products now widely penetrating various industries including automotive, electronics, and machinery. The company is closely monitoring market demand dynamics and flexibly adjusting its production plans for PEEK modified materials.
PEEK material, notably, finds its application in over 1,100 distinct segments, each with an average annual demand of just 6 tons, making it unique in the specialty engineering plastics market. Broadly, PEEK serves eight major sectors: automotive, consumer electronics, semiconductors, energy, aviation, healthcare, general industry, and military. Despite the global PEEK resin synthesis enterprises recording total sales of only 6,650 tons in 2023 with a relatively low compound annual growth rate, the future market prospects appear promising.
According to data from Frost & Sullivan, as reported by the Color Masterbatch Industry Network, the global PEEK market size is projected to soar from 4.9billionin2022to8.4 billion by 2027, with an impressive compound annual growth rate of 11.38%. The surging demand for AI computing power is set to present new development opportunities for domestic high-speed connectivity manufacturers. Meanwhile, advancements in humanoid robots and flying cars will impose higher requirements for the lightweight properties of PEEK materials.
CITIC Securities analysis highlights that PEEK, with its exceptional properties, is poised for broader applications in automotive, aerospace, electronics, and healthcare sectors. Furthermore, the 800V motor enameled wire and CF/PEEK composite materials in the aviation sector are expected to open up even wider market horizons. Driven by both cost reduction and process upgrades, the adoption pace of PEEK materials is anticipated to accelerate further.