MARKET OVERVIEW
The global semiconductor market was valued at US$579 billion in 2022 and is projected to reach US$790 billion by 2029, growing at a CAGR of 6% during the forecast period. This growth is driven by advancements in various sectors, including highperformance computing, AI, IoTbased electronics, 5G, and electric vehicles (EVs).
MARKET SIZE & GROWTH
• The global PEEK Engineering Plastics for Semiconductor Market was valued at USD 219.1 million in 2024.
• It is expected to reach USD 343.5 million by 2032.
• The market is projected to grow at a CAGR of 6.3% from 2025 to 2032.