The new report by Expert Market Research titled, ‘Global Polyetherimide Market Growth, Share, Size, Price, Trends, Report and Forecast 2023-2028’, gives an in-depth analysis of the global polyetherimide (PEI) market, assessing the market based on its segments like process types, forms, end-uses, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2020): USD 520 Million
- Forecast CAGR (2023-2028): 8%
The increasing demand for polyetherimide (PEI) for the manufacture of automotive components, such as headlight, fog light reflectors, and light bulb sockets is driving the market. Meanwhile, polyetherimide (PEI) is a crucial compound used in the production of various medical devices, such as stopcocks, instrument trays, and dental devices, among others. Hence, the rising healthcare expenditure is anticipated to propel the demand for the product in the forecast period.
In terms of region, the Asia Pacific region accounts for a significant share in the market owing to the presence of local manufacturers in countries like China and India. Moreover, the rapid industrialisation in the region is likely to accelerate the market growth.
Polyetherimide (PEI) Industry Definition and Major Segments
Polyetherimide (PEI) refers to a versatile thermoplastic which exhibits great strength, high resistance to heat low output of smoke, high dimensional stability, and excellent chemical resistance. The versatility of this compound makes it applicable in a number of industries. Moreover, the property of PEI matches traditional engineering thermoplastics and high-priced specialty plastics.
On the basis of process type, the market can be segmented into:
- Injection Moulding
- Compression Moulding
The market has been segmented based on form into:
The significant end-uses of the product include:
- Electrical and Electronics
- Consumer Goods
The regional markets for polyetherimide (PEI) include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Polyetherimide (PEI) Market Trends
The key trends in the polyetherimide (PEI) market include the growing research and development activities in the aerospace and pharmaceutical industry. The increasing demand for high-quality process equipment and flame-retardant containers is propelling the demand for polyetherimide (PEI). Whereas, in the aerospace industry, the increasing demand for high heat resistant equipment are likely to generate the demand for the product in the forecast period.
Moreover, the transition from metal to polyetherimide (PEI) for structural applications is likely to be another crucial trend in the market which can be attributed to the high creep resistance offered by the product.
Key Market Players
The major players in the market are SABIC, RTP Company, Solvay SA, Röchling Group, Toray Industries, Inc., and Ensinger GmbH, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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