Key Insights
The European Polyether Ether Ketone (PEEK) market is poised for significant expansion, with an estimated market size of $1.5 billion in 2025. This growth is propelled by a robust Compound Annual Growth Rate (CAGR) of 7.5% projected from 2019 to 2033. The primary drivers for this upward trajectory include the increasing demand for high-performance materials in the aerospace and automotive sectors, where PEEK's exceptional mechanical strength, thermal stability, and chemical resistance are highly valued. Stringent regulations and a growing focus on lightweighting in these industries further fuel the adoption of PEEK, as it offers a superior alternative to traditional metals and composites. The electrical and electronics sector also presents a substantial growth avenue, driven by the miniaturization of components and the need for materials that can withstand demanding operating conditions.
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Europe Polyether Ether Ketone (peek) Market Market Size (In Billion)
While the market demonstrates considerable strength, certain restraints could impact its full potential. The high cost of PEEK production and raw materials, coupled with the availability of alternative high-performance polymers, presents a competitive challenge. However, ongoing technological advancements in manufacturing processes and an increasing emphasis on material innovation are expected to mitigate these concerns. Emerging applications in medical devices, due to PEEK's biocompatibility, and in industrial machinery for enhanced durability and efficiency, are also anticipated to contribute to sustained market growth throughout the forecast period. The European region, with its strong industrial base and advanced manufacturing capabilities, is expected to be a key contributor to this burgeoning market.
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Europe Polyether Ether Ketone (peek) Market Company Market Share
This in-depth report offers an exhaustive examination of the Europe Polyether Ether Ketone (PEEK) market, a high-performance thermoplastic renowned for its exceptional mechanical strength, thermal stability, and chemical resistance. Spanning the historical period from 2019 to 2024, the base year of 2025, and a comprehensive forecast period extending to 2033, this analysis provides invaluable insights for industry stakeholders, including manufacturers, suppliers, end-users, and investors. The report delves into market dynamics, key trends, dominant segments, product innovations, challenges, growth drivers, and strategic opportunities within the burgeoning PEEK landscape across Europe. With an estimated market size of USD $X.XX billion in 2025 and a projected CAGR of X.XX% from 2025 to 2033, the Europe PEEK market is poised for substantial expansion, driven by increasing demand from critical sectors like Aerospace, Automotive, Electrical and Electronics, and Industrial & Machinery.
Europe Polyether Ether Ketone (peek) Market Market Concentration & Dynamics
The Europe Polyether Ether Ketone (PEEK) market exhibits a moderately concentrated structure, characterized by a few dominant players and a growing number of specialized manufacturers. Leading companies like Victrex, Solvay, and Evonik Industries AG hold significant market share, largely due to their established brand reputation, extensive product portfolios, and robust research and development capabilities. The innovation ecosystem is vibrant, with continuous advancements in material science driving new applications and improved performance characteristics. Regulatory frameworks, particularly those pertaining to medical devices and automotive safety standards, play a crucial role in shaping product development and market access. Substitute products, such as high-performance polyamides and ultra-high-molecular-weight polyethylene (UHMWPE), offer competition in certain applications, necessitating a focus on PEEK's unique advantages. End-user trends are shifting towards lightweighting, miniaturization, and enhanced durability, favoring PEEK's superior properties. Merger and acquisition (M&A) activities, while not highly prevalent, are strategic in nature, aimed at expanding geographical reach, acquiring new technologies, or consolidating market positions. The market concentration is influenced by the high capital investment required for PEEK production and the specialized knowledge needed for its processing. M&A deal counts are expected to remain moderate as companies focus on organic growth and strategic partnerships.
Europe Polyether Ether Ketone (peek) Market Industry Insights & Trends
The Europe Polyether Ether Ketone (PEEK) market is experiencing robust growth, projected to reach an estimated market size of USD $X.XX billion in 2025 and expanding to an anticipated USD $XX.XX billion by 2033, exhibiting a compound annual growth rate (CAGR) of X.XX% during the forecast period of 2025–2033. This expansion is fueled by a confluence of technological advancements, evolving end-user demands, and supportive industry initiatives. The inherent superior properties of PEEK, including its exceptional mechanical strength, high-temperature resistance, chemical inertness, and biocompatibility, are driving its adoption across a wide spectrum of demanding applications. In the aerospace sector, PEEK is increasingly replacing traditional metals for components like structural elements, interior fittings, and engine parts, contributing to significant weight reduction and improved fuel efficiency. The automotive industry is a major growth driver, with PEEK finding applications in electric vehicle (EV) components, powertrain parts, and interior systems due to its thermal management capabilities, wear resistance, and ability to withstand harsh operating conditions. The electrical and electronics sector benefits from PEEK's excellent dielectric properties, flame retardancy, and high-temperature performance for connectors, insulators, and semiconductor manufacturing equipment. Furthermore, the industrial and machinery segment leverages PEEK for seals, bearings, gears, and pump components where extreme wear resistance and chemical stability are paramount. Technological disruptions are focused on improving processing methods, such as additive manufacturing (3D printing) with PEEK, enabling the creation of complex geometries and customized parts. Evolving consumer behaviors, particularly the demand for more sustainable and efficient products, further propel the market, as PEEK contributes to energy savings and product longevity. The market is also witnessing a growing trend towards the development of specialized PEEK grades with enhanced functionalities, such as improved wear resistance, higher impact strength, or specific electrical properties, catering to niche application requirements.
Key Markets & Segments Leading Europe Polyether Ether Ketone (peek) Market
The Automotive segment stands as a primary driver and a leading market within the Europe Polyether Ether Ketone (PEEK) landscape. The increasing adoption of electric vehicles (EVs) significantly bolsters demand for PEEK due to its critical role in battery components, motor insulation, charging systems, and thermal management solutions. Its lightweight nature contributes to extended battery range, a key consumer concern. The stringent performance requirements for automotive components, including high-temperature resistance and chemical inertness against lubricants and coolants, make PEEK an ideal material.
- Automotive:
- Drivers: Lightweighting initiatives for fuel efficiency and EV range extension. High-temperature resistance for engine and EV components. Chemical resistance to automotive fluids. Growing demand for durable and reliable automotive parts.
- Dominance Analysis: PEEK is indispensable for EV battery packs, offering electrical insulation and structural integrity. Its use in transmission components, fuel systems, and braking systems underscores its versatility. The trend towards autonomous driving also necessitates advanced materials for sensor housings and electronic components, where PEEK excels.
The Aerospace sector is another dominant segment, driven by the relentless pursuit of weight reduction and enhanced performance in aircraft design. PEEK's superior strength-to-weight ratio, combined with its excellent thermal stability and flame retardancy, makes it a preferred material for numerous aircraft applications.
- Aerospace:
- Drivers: Strict safety regulations demanding high-performance materials. Need for weight reduction to improve fuel efficiency and payload capacity. Resistance to extreme temperatures and harsh environments. Long product lifecycles and reliability requirements.
- Dominance Analysis: PEEK is extensively used in aircraft interiors for cabin components, seating structures, and overhead bins due to its flame, smoke, and toxicity (FST) properties. In structural applications, it serves as a lightweight alternative to metals in brackets, fasteners, and composite parts. Its use in engine components and fuel systems further highlights its critical role.
The Electrical and Electronics segment is also a significant contributor, leveraging PEEK's exceptional electrical insulation properties and high-temperature performance.
- Electrical and Electronics:
- Drivers: Miniaturization of electronic devices requiring robust insulation. Growing demand for high-performance connectors and sockets. Increased use of PEEK in semiconductor manufacturing equipment.
- Dominance Analysis: PEEK is utilized in high-frequency connectors, insulation for wires and cables, and components for advanced electronic devices. Its ability to withstand soldering temperatures and maintain electrical integrity makes it invaluable in this sector.
The Industrial and Machinery segment benefits from PEEK's exceptional wear resistance, chemical inertness, and mechanical strength for critical components.
- Industrial and Machinery:
- Drivers: Demand for durable and low-friction components in harsh industrial environments. Need for chemical resistance in processing and manufacturing equipment. Growth in specialized machinery and automation.
- Dominance Analysis: PEEK is found in pump components, seals, bearings, gears, and valves, particularly in chemical processing, oil and gas, and food and beverage industries. Its longevity and ability to operate under extreme pressures and temperatures are key advantages.
Europe Polyether Ether Ketone (peek) Market Product Developments
Recent product developments in the Europe Polyether Ether Ketone (PEEK) market underscore a strategic focus on enhancing material performance and expanding application reach. Victrex PLC's introduction of new implantable PEEK-OPTIMA polymer, specifically designed for additive manufacturing processes like FDM and FFF, signifies a significant leap in the medical device sector, enabling the creation of complex, patient-specific implants. Furthermore, Victrex's investment in its medical division, Invibio Biomaterial Solutions, including a new product development facility, indicates a commitment to innovation in biocompatible materials. Solvay's launch of KetaSpire PEEK, KT-850 SCF 30, tailored for precision brake systems and e-mobility pump components, highlights the material's growing importance in the automotive industry's transition to sustainable mobility. These innovations are crucial for maintaining a competitive edge and addressing the evolving needs of high-growth industries.
Challenges in the Europe Polyether Ether Ketone (peek) Market Market
Despite its immense potential, the Europe Polyether Ether Ketone (PEEK) market faces several challenges that can hinder its growth trajectory. The high cost of raw materials and complex manufacturing processes contribute to PEEK's premium pricing, making it a less viable option for cost-sensitive applications when compared to traditional plastics. Stringent regulatory approvals, particularly in the medical and aerospace sectors, can lead to extended development timelines and increased R&D expenses. Limited processing expertise among some manufacturers and end-users can also present a barrier, as PEEK requires specialized equipment and knowledge for optimal fabrication. Furthermore, competition from alternative high-performance polymers and composite materials, although PEEK offers a unique combination of properties, can exert price pressure and market share challenges. Supply chain disruptions, though less pronounced, can also impact availability and lead times.
Forces Driving Europe Polyether Ether Ketone (peek) Market Growth
Several powerful forces are propelling the growth of the Europe Polyether Ether Ketone (PEEK) market. The increasing demand for lightweight and high-strength materials across key industries like aerospace and automotive is a primary driver, enabling significant improvements in fuel efficiency and performance. Technological advancements in additive manufacturing are expanding the design freedom and application possibilities for PEEK, allowing for the production of complex, customized parts that were previously impossible. The growing adoption of electric vehicles (EVs) is creating substantial demand for PEEK in battery components, thermal management systems, and power electronics, due to its excellent electrical insulation and thermal resistance properties. Furthermore, stringent performance and safety regulations in sectors such as aerospace and medical devices necessitate the use of materials with superior properties, where PEEK excels. The inherent biocompatibility of medical-grade PEEK is also driving its widespread use in implants and medical devices, contributing to its sustained growth.
Challenges in the Europe Polyether Ether Ketone (peek) Market Market
Addressing long-term growth catalysts in the Europe Polyether Ether Ketone (PEEK) market involves navigating and overcoming inherent obstacles. The high initial investment cost associated with PEEK production and processing remains a significant barrier for smaller enterprises and certain market segments. Continued innovation in cost-effective manufacturing techniques and raw material sourcing will be crucial to broaden market penetration. Furthermore, advancing PEEK's recyclability and sustainability profile will be paramount to align with the growing global emphasis on circular economy principles. Developing and disseminating more accessible processing technologies and training programs for a wider range of industries and users can unlock new application areas and foster broader adoption. Overcoming these challenges will pave the way for sustained and accelerated growth.
Emerging Opportunities in Europe Polyether Ether Ketone (peek) Market
The Europe Polyether Ether Ketone (PEEK) market is ripe with emerging opportunities for forward-thinking companies. The burgeoning additive manufacturing (3D printing) sector presents a significant avenue for growth, as PEEK's properties are highly sought after for creating complex, lightweight, and high-performance parts across various industries. The increasing demand for advanced medical devices and implants, driven by an aging population and advancements in healthcare, offers substantial potential for biocompatible PEEK grades. The expansion of the e-mobility sector is a key opportunity, with PEEK being critical for components in electric vehicle batteries, charging infrastructure, and power electronics. Furthermore, the development of novel PEEK composites and blends with enhanced properties, such as improved conductivity or specific optical characteristics, can open up entirely new application domains in sectors like renewable energy and advanced optics. Geographical expansion into less saturated markets within Europe and strategic partnerships for technology development also represent significant growth avenues.
Leading Players in the Europe Polyether Ether Ketone (peek) Market Sector
- Victrex
- BARLOG Plastics GmbH
- Solvay
- Evonik Industries AG
- Pan Jin Zhongrun High Performance Polymer Co Ltd
- Zhejiang Pengfulong Technology Co Ltd
- Polyplastics-Evonik Corporation
Key Milestones in Europe Polyether Ether Ketone (peek) Market Industry
- March 2023: Victrex PLC introduced a new type of implantable PEEK-OPTIMA polymer that is specifically designed for use in the manufacturing processes of medical device additives, such as fused deposition modeling (FDM) and fused filament fabrication (FFF). This innovation enhances the capability for creating complex and customized medical implants.
- February 2023: Victrex PLC revealed its plans to invest in the expansion of its medical division, Invibio Biomaterial Solutions, which includes establishing a new product development facility in Leeds, United Kingdom. This investment signifies a commitment to advancing biomaterial solutions and meeting the growing demand in the healthcare sector.
- July 2022: Solvay introduced a new grade of KetaSpire PEEK, KT-850 SCF 30, designed for the precision brake system and e-mobility pump components. This product development addresses the specific needs of the automotive industry's transition towards electric mobility and higher performance braking systems.
Strategic Outlook for Europe Polyether Ether Ketone (peek) Market Market
The strategic outlook for the Europe Polyether Ether Ketone (PEEK) market is exceptionally positive, driven by persistent demand for high-performance materials and ongoing technological innovation. Growth accelerators will include deeper penetration into the automotive sector, particularly in electric vehicle components, and continued expansion in aerospace for lightweight structural and interior applications. The medical industry's increasing reliance on biocompatible and durable materials for implants and surgical instruments presents a substantial long-term opportunity. Strategic focus on developing advanced PEEK composites and blends, alongside investments in additive manufacturing capabilities, will further enhance market competitiveness. Collaborations with research institutions and end-users to develop customized PEEK solutions for emerging applications, such as advanced energy storage and high-performance electronics, will be crucial for sustained market leadership and value creation. The market's trajectory is set for continued robust expansion, driven by its unparalleled material properties and the industries' insatiable need for superior performance.
Europe Polyether Ether Ketone (peek) Market Segmentation
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1. End User Industry
- 1.1. Aerospace
- 1.2. Automotive
- 1.3. Electrical and Electronics
- 1.4. Industrial and Machinery
- 1.5. Other End-user Industries
Europe Polyether Ether Ketone (peek) Market Segmentation By Geography
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1. Europe
- 1.1. United Kingdom
- 1.2. Germany
- 1.3. France
- 1.4. Italy
- 1.5. Spain
- 1.6. Netherlands
- 1.7. Belgium
- 1.8. Sweden
- 1.9. Norway
- 1.10. Poland
- 1.11. Denmark
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Europe Polyether Ether Ketone (peek) Market Regional Market Share
Geographic Coverage of Europe Polyether Ether Ketone (peek) Market
Europe Polyether Ether Ketone (peek) Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 7.5% from 2020-2034 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Growth in Aerospace and Automotive Industries
- 3.3. Market Restrains
- 3.3.1. PEEK is relatively expensive compared to other engineering plastics
- 3.4. Market Trends
- 3.4.1. Increasing Use in 3D Printing
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Europe Polyether Ether Ketone (peek) Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by End User Industry
- 5.1.1. Aerospace
- 5.1.2. Automotive
- 5.1.3. Electrical and Electronics
- 5.1.4. Industrial and Machinery
- 5.1.5. Other End-user Industries
- 5.2. Market Analysis, Insights and Forecast - by Region
- 5.2.1. Europe
- 5.1. Market Analysis, Insights and Forecast - by End User Industry
- 6. Competitive Analysis
- 6.1. Market Share Analysis 2025
- 6.2. Company Profiles
- 6.2.1 Victrex
- 6.2.1.1. Overview
- 6.2.1.2. Products
- 6.2.1.3. SWOT Analysis
- 6.2.1.4. Recent Developments
- 6.2.1.5. Financials (Based on Availability)
- 6.2.2 BARLOG Plastics GmbH
- 6.2.2.1. Overview
- 6.2.2.2. Products
- 6.2.2.3. SWOT Analysis
- 6.2.2.4. Recent Developments
- 6.2.2.5. Financials (Based on Availability)
- 6.2.3 Solvay
- 6.2.3.1. Overview
- 6.2.3.2. Products
- 6.2.3.3. SWOT Analysis
- 6.2.3.4. Recent Developments
- 6.2.3.5. Financials (Based on Availability)
- 6.2.4 Evonik Industries AG
- 6.2.4.1. Overview
- 6.2.4.2. Products
- 6.2.4.3. SWOT Analysis
- 6.2.4.4. Recent Developments
- 6.2.4.5. Financials (Based on Availability)
- 6.2.5 Pan Jin Zhongrun High Performance Polymer Co Ltd
- 6.2.5.1. Overview
- 6.2.5.2. Products
- 6.2.5.3. SWOT Analysis
- 6.2.5.4. Recent Developments
- 6.2.5.5. Financials (Based on Availability)
- 6.2.6 Zhejiang Pengfulong Technology Co Ltd
- 6.2.6.1. Overview
- 6.2.6.2. Products
- 6.2.6.3. SWOT Analysis
- 6.2.6.4. Recent Developments
- 6.2.6.5. Financials (Based on Availability)
- 6.2.7 Polyplastics-Evonik Corporation
- 6.2.7.1. Overview
- 6.2.7.2. Products
- 6.2.7.3. SWOT Analysis
- 6.2.7.4. Recent Developments
- 6.2.7.5. Financials (Based on Availability)
- 6.2.1 Victrex
List of Figures
- Figure 1: Europe Polyether Ether Ketone (peek) Market Revenue Breakdown (billion, %) by Product 2025 & 2033
- Figure 2: Europe Polyether Ether Ketone (peek) Market Share (%) by Company 2025
List of Tables
- Table 1: Europe Polyether Ether Ketone (peek) Market Revenue billion Forecast, by End User Industry 2020 & 2033
- Table 2: Europe Polyether Ether Ketone (peek) Market Revenue billion Forecast, by Region 2020 & 2033
- Table 3: Europe Polyether Ether Ketone (peek) Market Revenue billion Forecast, by End User Industry 2020 & 2033
- Table 4: Europe Polyether Ether Ketone (peek) Market Revenue billion Forecast, by Country 2020 & 2033
- Table 5: United Kingdom Europe Polyether Ether Ketone (peek) Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 6: Germany Europe Polyether Ether Ketone (peek) Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 7: France Europe Polyether Ether Ketone (peek) Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 8: Italy Europe Polyether Ether Ketone (peek) Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 9: Spain Europe Polyether Ether Ketone (peek) Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 10: Netherlands Europe Polyether Ether Ketone (peek) Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 11: Belgium Europe Polyether Ether Ketone (peek) Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 12: Sweden Europe Polyether Ether Ketone (peek) Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 13: Norway Europe Polyether Ether Ketone (peek) Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 14: Poland Europe Polyether Ether Ketone (peek) Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 15: Denmark Europe Polyether Ether Ketone (peek) Market Revenue (billion) Forecast, by Application 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Europe Polyether Ether Ketone (peek) Market?
The projected CAGR is approximately 7.5%.
2. Which companies are prominent players in the Europe Polyether Ether Ketone (peek) Market?
Key companies in the market include Victrex, BARLOG Plastics GmbH, Solvay, Evonik Industries AG, Pan Jin Zhongrun High Performance Polymer Co Ltd, Zhejiang Pengfulong Technology Co Ltd, Polyplastics-Evonik Corporation.
3. What are the main segments of the Europe Polyether Ether Ketone (peek) Market?
The market segments include End User Industry.
4. Can you provide details about the market size?
The market size is estimated to be USD 1.5 billion as of 2022.
5. What are some drivers contributing to market growth?
Growth in Aerospace and Automotive Industries.
6. What are the notable trends driving market growth?
Increasing Use in 3D Printing.
7. Are there any restraints impacting market growth?
PEEK is relatively expensive compared to other engineering plastics.
8. Can you provide examples of recent developments in the market?
March 2023: Victrex PLC introduced a new type of implantable PEEK-OPTIMA polymer that is specifically designed for use in the manufacturing processes of medical device additives, such as fused deposition modeling (FDM) and fused filament fabrication (FFF).February 2023: Victrex PLC revealed its plans to invest in the expansion of its medical division, Invibio Biomaterial Solutions, which includes establishing a new product development facility in Leeds, United Kingdom.July 2022: Solvay introduced a new grade of KetaSpire PEEK, KT-850 SCF 30, designed for the precision brake system and e-mobility pump components.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in billion.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Europe Polyether Ether Ketone (peek) Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Europe Polyether Ether Ketone (peek) Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Europe Polyether Ether Ketone (peek) Market?
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Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence