Abstract
The global Polyetherimide (PEI) market value was estimated at 522 (USD Million) in 2019 and is projected at 715 (USD Million) by 2025. It is projected to grow at a CAGR of nearly 6.7% during the period from 2019 to 2025. The report offers valuation and analysis of Polyetherimide (PEI) market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, restraints, revenue estimates, avenues, current & emerging trends, and industry-validated market information. The report offers historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on value (USD Million).
Introduction
Polyetherimide is a high performing polymer having ether links & imide groups in the polymer chain. Furthermore, the product is utilized in high-temperature applications in which heat dissipation is necessary. Apparently, the creep resisting and flame resisting features of the product has made it more popular as thermally conductive plastic.
Market Growth Drivers
Extensive use of polyetherimide as a cost-effective substitute of metals in compact electronic equipment will steer the growth of the market over the forthcoming years. Furthermore, polyetherimide also finds a spectrum of applications in transport, consumer goods, industrial, and medical sectors.
Apparently, a prominent growth in the automotive industry is projected to steer the polyetherimide (PEI) market trends over the forecast period. Furthermore, the product finds a slew of applications in bezels, interior parts of automotive, thermostat housings, bumpers, electromechanical systems, and lamp sockets. The massive use of the product in aerospace due to its heat resisting feature will proliferate the market demand over the ensuing years.
Asia Pacific To Dominate Overall Market Growth By 2025
The growth of the regional market over the forecast timeline is owing to the massive use of the product in the transport, healthcare, and electronics sectors in the region. Apart from this, the surge in the use of specialty polymers will create huge scope for the market in the region over the forecast period.
Key players profiled in the polyetherimide (PEI) market include Westlake Plastics Company, Zell-Metall GesmbH Engineering Plastics, Ensinger, RTP Company, SABIC, DXTech, Quadrant Group, Mitsui Chemicals, Inc., GEHR Plastics, Inc., Mitsubishi Chemical Holdings, Nationwide Plastics, Inc., Röchling Group, Centroplast Engineering Plastics GmbH, PlastiComp, Inc., and Solvay.
The global polyetherimide (PEI) market is segmented as follows:
Based upon form:
Film
Sheet
Granule
Tube
Rod
Based upon the type of grade:
Reinforced
Unreinforced
Based on process type:
Injection Molding
Extrusion
Thermoforming
Compression Molding
Based on End-User industry:
Transportation
Electrical & Electronics
Consumer Goods
Medical
Industrial
Others
By Region
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa