SIASUN(SZ:300024) Zheng Quan Shi Bao·2025-09-18 05:22Core Viewpoint - The PEEK material industry is experiencing significant growth driven by its superior properties and increasing applications in high-end manufacturing sectors, particularly in robotics and other advanced fields [1][2][3]. Industry Overview - PEEK is recognized as one of the best thermoplastic engineering plastics globally, with applications in transportation, aerospace, electronics, energy, and healthcare [1]. - The PEEK industry is transitioning from "import dependence" to "domestic substitution + technological breakthroughs," with an expected increase in the proportion of high-end products [2]. - The global PEEK market is projected to exceed 13.1 billion yuan by 2031, with a compound annual growth rate (CAGR) of 14.4% from 2025 to 2031 [4]. Market Performance - The PEEK industry index rose by 1.74% on September 17, reaching a historical high, with a year-to-date increase of approximately 76.5% [1]. - The largest global PEEK producer, Victrex, has a production capacity of 7,150 tons per year, accounting for about 60% of the global total [2]. Domestic Developments - Chinese companies like Zhongyan Co., Watte Co., and Shandong Junhao have made significant technological advancements and capacity expansions in the PEEK sector since 2016 [3]. - Zhongyan Co. is the fourth global company to achieve an annual PEEK production capacity of over 1,000 tons, becoming the largest PEEK producer in China [3]. Application in Robotics - PEEK materials are being tested for use in robotic components, with companies like Watte Co. and Hechuan Technology actively pursuing this market [5]. - Hechuan Technology has developed a full digital servo driver paired with PEEK insulation bearing seats, enhancing the performance of humanoid robot transmission systems [6]. Cost and Market Challenges - The high cost of PEEK materials, which can be ten times higher than other specialty materials, limits its application in cost-sensitive areas [6][7]. - The industry faces a common challenge of high PEEK prices, which restricts the expansion of downstream applications [7]. Future Outlook - The domestic PEEK market is expected to reach 2.18 billion yuan by 2025 and 5 billion yuan by 2031, with significant contributions from low-altitude economy, new energy vehicles, and robotics [4]. - There is potential for cost reduction in PEEK production, which could enhance its adoption across various applications [7][8].