The global polyetherimide (PEI) Market is projected worth US$ 845.2 million by 2026 and the market is projected to showcase 5.3% CAGR during the forecast period. The polyetherimide (PEI)market is driven by a rise in demand for heat resistant plastics from aerospace and electronics industry.
Rising disposable income and shifting purchasing patterns of consumers are the major factors that are expected to boost the global polyetherimide (PEI) market. Polyetherimide (PEI) is extensively used in aerospace and electronics owing to their heat resistant properties. Rising demand for heat resistant plastics from electronics and aerospace sector will further propel the growth of polyetherimide (PEI) market. Moreover, the technological advancements and integration of polyetherimide in various applications such as semiconductors, switches, and aircraft antenna construction will contribute to the growth of the polyetherimide market.
Rapid expansion in the automotive industry is expected to boost the demand for polyetherimide. The product is used in manufacturing automotive interiors, bumpers, handles,thermostat housings, under hood components, and lamp sockets. The continuous development in the electronics industry with the growing application of heat resistant plastics is expected to support the growth of polyetherimide(PEI) market.
The global polyetherimide (PEI) market is segmented into grade, form, application, and region. On the basis of grade, the global polyetherimide (PEI) market is segmented into unreinforced and reinforced. The reinforced segment is further segmented into glass fiber and carbon fiber. On the basis of form, the global polyetherimide (PEI) market is segmented into films, rods, sheets, and granules. On the basis of application, the global polyetherimide (PEI) market is segmented into automotive, electronics, aerospace, pharmaceuticals, consumer products, industrial, and food. The automotive segment is further segmented into interiors, fuel systems, under hood components, and bumper. The electronics segment is further bifurcated into switches, coils & fuses, and semiconductors. Also, the aerospace segment is further divided into antenna construction and interiors. The pharmaceuticals segment is further segmented into fixtures and surgical probes. Moreover, the consumer products segment is further divided into kitchenware and appliances. Furthermore, the industrial segment is further divided into oil & gas, telecommunication, fluid handling, and marine cleats.On the basis of region, the global polyetherimide (PEI) market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Based on the grade, the global polyetherimide (PEI) market can majorly be segmented into two sub-segments, which are unreinforced and reinforced. Furthermore, the reinforced sub-segment is divided into glass fiber and carbon fiber. The glass fiber sub-segment is anticipated to dominate the global polyetherimide (PEI) market owing to the rising demand for glass fiber polyetherimide from electronics industry due to its enhanced electroplatability. This factor is expected to drive the growth for polyetherimide (PEI) market.
The Asia Pacific region is expected to dominate the global polyetherimide (PEI) market followed by Europe and North America region. The dominance of polyetherimide (PEI) market in Asia Pacific region is due to its widespread adoption in the automotive sector in various applications such as under hood components, interiors, and bumpers due to its high strength features. Also, the growing population and rapid increase in urbanization will have an impact on the automotive industry. This factor will drive the demand for polyetherimide (PEI) market in the Asia Pacific region. The polyetherimide (PEI) market in the Europe region is mostly driven by the rising demand from the healthcare sector due to the increase in awareness for chronic diseases among people.
The major players associated with the polyetherimide (PEI) market are Ensinger, RTP Company,SABIC, Mitsui Chemicals, Inc., and Quadrant Group, etc.
The key players in the polyetherimide (PEI) market are focused on the development ofglass fiber polyetherimide due to its widespread application in the electronics industry. Also, the industry players are taking strategic initiatives that include collaborations, partnerships, and acquisitions that help them in expanding their market presence and strengthening their foothold in the global polyetherimide (PEI) market. For instance, In February 2018, SABIC declaredits projects to expand the production capacity of polyetherimide resin in the Netherlands and Asia Pacific region. This factor will positively impact the polyetherimide market profitability.
Market By Grade
Market By Form
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Market By Geography
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