The electrical and electronics market is the fastest-growing end-user market for PEEK, and it is expected to witness a CAGR of 9.01% in value during the forecast period (2023-2029).This factor increased the demand for aerospace components to be used in military jets and planes, along with an increase in the consumption of PEEK. Amid the Russia-Ukraine war, several countries in Europe, like Germany and France, have been ramping up their aerospace defense. Europe recorded the highest demand for PEEK in 2022, and it is expected to record a CAGR of 7.69% in terms of value during the forecast period (2023-2029). For instance, aerospace component production revenue reached around USD 467 billion in 2022, 8.55% higher than in 2021.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |