This invention relates to a polyetheretherketone composite material, composed of a binary composite of polyetheretherketone and one of molybdenum disulfide, aluminium trioxide, copper powder, silica dioxide or stainless steel powder, with weight ratio of 80-99.9:0.1-20. On the base of the above weight as 100%, it continues to add polytetrafluoroethylene or polyphenyl ester, with weight ratio of 0.1-80% and 0.1-20% respectively, to form the ternary polyetheretherketone composite material. On the base of the above binary or ternary composite weight, it continues to add carbon fiber or glass fiber, with weight ratio of 0.1-50%. This invented composite material is characterized of increased thermal conductivity factor, distinct improvement of tensile strength, ball indentation hardness, frictional factor and linear expansibility, and cost reducing.