According to a new report by Expert Market Research titled, “Global Polyetherimide Market Share, Size, Report and Forecast 2024-2032″, the global polyetherimide (PEI) market reached a value of USD 593.12 million in 2023. Aided by the rising automotive sector and growing application of high-performance plastics, the market is projected to further grow at a CAGR of 6.8% between 2024 and 2032 to reach a value of around USD 880.56 million by 2032.
Polyetherimide, abbreviated as PEI, is a high-performance thermoplastic renowned for its ability to withstand prolonged high temperatures without compromising its structural integrity. Characterised by its amber-to-transparent appearance, PEI offers commendable resistance to ultraviolet radiation and boasts excellent mechanical and electrical properties. These attributes have led PEI to be a preferred choice in the realm of advanced manufacturing, specifically in sectors like electronics, aerospace, and medical equipment.
One of the key polyetherimide (PEI) market trends is the rising adoption of the material in the automotive sector. The continuous demand for lightweight vehicles to enhance fuel efficiency and reduce carbon emissions has been pivotal in steering demand towards high-performance polymers like PEI. Additionally, with the automotive industry moving towards electric and hybrid models, the need for thermally stable and electrically insulative materials has surged, further bolstering PEI’s significance.
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Technological advancements involved in processing techniques have been essential in driving the polyetherimide (PEI) market growth. Innovations in injection moulding and extrusion methods have made it feasible to make intricate parts and components with enhanced precision, thereby widening the range of applications where PEI can be employed.
The aerospace sector also contributes to the polyetherimide (PEI) market demand. Given PEI’s inherent flame retardancy, exceptional strength-to-weight ratio, and resilience to chemicals, it has become an essential component in making of interior components for aircraft. These applications range from overhead storage bins, lighting fixtures, to wall panels, reiterating PEI’s versatility and performance.
The polyetherimide (PEI) market analysis highlights PEI’s potential applications in the medical sector. Medical devices and tools require materials that can endure repeated sterilisation cycles without degradation. PEI’s ability to meet these rigorous criteria, coupled with its biocompatibility, makes it an appropriate choice for surgical instruments, orthopaedic devices, and even in drug delivery systems.
As sectors like automotive, aerospace, and medical continue to grow with technological innovations, the demand for PEI is set to expand, affirming its importance in the modern industrial ecosystem.
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Market Segmentation
The market can be divided based on process type, form, end use, and region.
Market Breakup by Process Type
• Injection Moulding
• Extrusion
• Thermoforming
• Compression Moulding
Market Breakup by Form
• Film
• Sheet
• Granule
• Tube
• Rod
Market Breakup by End Use
• Transportation
o Automotive
o Aerospace
• Electrical and Electronics
• Medical
• Consumer Goods
• Industrial
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global polyetherimide (PEI) market. Some of the major players explored in the report by Expert Market Research are as follows:
• SABIC
• RTP Company
• Ensinger GmbH
• Solvay SA
• Röchling Group
• Toray Industries, Inc.
• Others
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