According to Victrex’s latest corporate disclosure, Greater China is one of the Company’s fastest growing regions globally. Since 2015, Victrex revenue in Greater China has increased five fold, representing a 17% CAGR. Victrex has established in country commercial, technical and manufacturing capabilities, with a broader end market focus on customers including automotive, aerospace, electronics, industrial and medical, with medical now accounting for around a quarter of regional revenues. In H1 2026, Victrex growth in Asia Pacific was led by our customers in China.
Alongside supporting growing customers’ needs and demand in China and Asia Pacific, Victrex has continued to strengthen its local capability footprint in China. This includes investment in polymer manufacturing and compounding related operations in China, supporting supply resilience and enabling closer collaboration with customers on application development and complex engineering requirements.
As part of Victrex’s medical business, Invibio has also continued to develop its presence in China, supporting local medical device and life sciences applications focused on helping our customers enable better patient outcomes, requiring high performance PEEK and PAEK materials. Through close collaboration with customers and partners, Victrex and Invibio are helping to enable the adoption of high performance polymers in demanding medical applications.
James Routh, Chief Executive Officer of Victrex, said:
“From a Group perspective, China remains one of the most important and strategically significant markets for Victrex over the long term. Our commitment has never been driven by short term opportunity, but by a clear belief in China’s industrial development, technology progression and long term customer needs. Over the past 20 years we have continued to deepen our presence in China, and looking ahead, we will maintain China as a core region for long term strategic investment, supporting Victrex’s sustainable development globally.”
Andrew Storm, Managing Director Asia Pacific, and General Manager, Greater China, added:
“Having lived and worked in China for over six years now, I have seen how customer expectations have evolved, particularly around material performance, application innovation and local support. Our long history helps customers realise their growth aspirations with an unrivalled application development history accelerating successful outcomes, reducing their innovation risks and enabling faster time to market. Localisation is and will remain critical for Victrex to continue to better support our customers.
Our ambition in China is not only to serve the market, but to grow together with customers. By further strengthening our local technical, engineering and manufacturing capabilities, we aim to stay close to customer needs, respond faster to change and create long term value for our stakeholders across China and Asia Pacific.”
Over the past two decades, Victrex’s development in China has been built on close collaboration with customers. Supported by our local teams and underpinned by our global resources, the Company accelerates application development through material selection support, part design optimisation, prototyping, testing, manufacturing support and targeted technical training. Since the establishment of our AITC in Shanghai, Victrex has continued to work with customers to translate innovation into practical applications, to enable our customers to grow and prosper.
Looking ahead, Victrex will continue to view China as one of its most important strategic markets globally. By combining its global materials science and engineering expertise with local market needs, Victrex will further strengthen collaboration with customers and partners, supporting the adoption of high performance and sustainable material solutions in China.
About Victrex
Victrex is a world-renowned provider of PEEK high performance polymer solutions, focused on the strategic markets of Automotive, Aerospace, Energy (including manufacturing and engineering), Electronics and Medical. Every day, millions of people rely on products or applications which contain our sustainable materials, from smartphones, airplanes and cars to oil & gas operations and medical devices. PEEK is an exceptional thermoplastic, which was invented more than 40 years ago and first commercialized as VICTREX PEEK. With over 40 years' experience, we are enabling customers to solve their toughest challenges with our materials, helping to define future performance for our customers and our markets, provide environmental and societal benefits for our end customers and drive value for our shareholders. Find out more at www.victrex.com
Contacts
Victrex Media Contact
media@victrex.com, Tel. +44 1253 898 000
Corporate, Financial Media or Investor Relations Enquiries
Andrew Hanson, Director of Investor Relations & Corporate Communications
ahanson@victrex.com, Tel. +44 1 25 38 9 81 21
Marketing Communications,
Eileen Li , Great China Marketing Communication Manager
Eileen.li@victrex.com, Tel: +86 021 6113 6913
