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The market of Polyetherimide (PEI) is experiencing important trends in today's world which reflects that the market of polymers is dynamic since many players are entering in the market every week. Polyetherimide is a high- performance thermoplastic considered very sturdy because of its high heat resistance, mechanical strength, and fire retardancy. The first main market trend which is contributing to the increase in demand for PEI is that it serves as a versatile material in several industries, for example, automotive, electronics, aerospace, and healthcare industries.
In the automotive area, the elevated focus on the use of light materials to up gas mileage and to lower emissions has led to the adoption of the use of Polyetherimide. Industry producers are now practically introducing PEI for the invention of part of the components and whole car structure. The qualities such as the high temperature resistance and mechanical strength make PMR see a preference in automotive industry which then is the major driving force for the PEI market
The application of electronics devices is driven by the need for highly functional yet miniature polymers such as PEI due to the increasing trend of fabrication of devices with minimal sizes and high functionalities. Factors such as PEI’s low smoke generation or self-extinguishment along with the fire-retardant effect while thermal stability make it capable to be used in a variety of product applications like connectors, insulators, and other electrical components. With the improvement in the style of electronics and the coming up of new features, the polyetherimide industry is expected to actively grow in this area.
Aerospace has advancing its shape as PEI is becoming more recognized in this industry. The airweight charateristics, along with the material’s ability to maintain structural integrity in the harshest circumstances, are the reasons why it has a wide range of applications in aerospace. Peace engineering initiatives are now involved with interior parts as well as structural elements of the aircraft that are already on the market, and therefore propelling positive trends in the sector. A polymereimide, which combines the satisfactory performance characteristics with the necessary weight reduction, is what the aerospace industry is persistently requesting.
PEI has gradually taken a surge trend in the medical sector, precisely, in medical devices and tools, with this growth attributed to more economies of scale. Bioresorbable biocompatibility, resistance to sterilization methods, stamina and durability make it suitable for medical devices (surgical instruments, diagnostic instruments, and delivery systems of the drugs). The healthcare industry around the world keeps marching ahead with the advancements in Polyetherimide and it is anticipated that the market for the same will have more demand from its sector.
As more voices of environmental sustainability are being heard, the Polyetherimide market is also shaped by this trend. Along with knowledge on the trace of these products back to mineral sources, it is essential to pay more attention to the development of sustainable and green polymers. Producers begin research on rising up the recyclability and biodepgradability of Polyetherimide striving the tendency in the industry toward eco-friendly.
Polyetherimide Market Highlights:
Polyetherimide Market Overview
The global polyetherimide market is estimated to reach over USD 870 million by the end of 2032, registering a CAGR of 7%. The major factors driving the Polyetherimide Market are the increasing demand for the electronics and electrical departments. A periodic developmental factor has been declared about the development and growth of the market considering the CAGR period. The properties of the Polyetherimide are what drive the major factors, owing to its properties like mechanical strength, temperature resistance, and thermo-oxidative properties. The usage of the same has become easier by the day due to the installation of faster and newer technological advancements like connectors, motor parts, and printed circuit boards. The advancement in the technology has made it quite accessible for the electronic department to increase in size and lead the market industry. This is exactly why there is a substantial growth that has been seen and expected for the Polyetherimide Market during the forecast period.
2021: In March last year, SABIC launched PEI materials specifically formulated for food contact applications. These new types, which are FDA compliant, expanded acceptance of ULTEM™ into food processing industries and medical fields​ (Polymershapes).
ULTEM™ polyetherimide resin was introduced by GE Plastics, now SABIC. It was the first commercialization wave for PEI that mainly aimed at applications requiring high performance in harsh environments​.
List of Key Players in the Polyetherimide Market are
Some of the key players operating in the polyetherimide market are SABIC (Saudi Arabia), Ensinger (India), Aetna Plastics (US), Westlake Plastics Company (US), Mitsubishi Chemical Advanced Materials (Japan), RTP Company (US), Centroplast Engineering Plastics GmbH (Germany), Röchling SE & Co. KG (Germany), PolyOne Corporation (US), Lehmann&Voss&Co. (Germany), Aikolon Oy (Finland), and others
Global Polyetherimide Market Share, By End-Use Industry, 2018 (%)
Source: MRFR Analysis
Regional Analysis
The global polyetherimide market has been studied across five key regions, namely Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa. Asia-Pacific dominated the global polyetherimide market in 2018, on account of robust manufacturing output in the region, particularly from China, India, and ASEAN countries. India is expected to witness healthy growth in terms of demand for polyetherimide, owing to rapid industrialization and growth of the automotive industry in the country. The North American and European markets are expected to account for significant shares of the global polyetherimide market. Increasing investment in shale gas production in the US is expected to foster the demand for polyetherimide during the forecast period. The demand for polyetherimide is projected to increase significantly in the end-use industries in Europe and North America such as automotive and aerospace, owing to high adoption of lightweight composite materials. The Middle East & African market is projected to witness relatively moderate growth during the forecast period. Latin America is expected to be an opportunistic regional market for polyetherimide owing to recovering economic conditions in Brazil and Argentina. Furthermore, increasing investments in end-use industries such as automotive, aerospace, and electrical & electronics industry is expected to further propel the growth of the regional market during the forecast period.
Segmentation Analysis
The global polyetherimide market has been segmented based on process, type, form end-use industry, and region.
On the basis of process, the global polyetherimide market has been categorized into injection molding, blow molding, foam molding, and extrusion.
On the basis of type, the global polyetherimide market has been categorized into unreinforced and reinforced. The reinforced segment is further segregated into carbon fiber and fiberglass.
On the basis of form, the global polyetherimide market has been categorized into sheets, rods, granules, and films.
By end-use industry, the global polyetherimide market has been divided into automotive, medical, food & beverage, aerospace, marine, telecommunication, electrical & electronics, and others.
The global polyetherimide market, by region, has been segregated into North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa.
Recent Development
August 2022: SABIC broadens its range of ULTEM resin optical materials to facilitate the fast adoption of single-mode fiber optics. This new polyetherimide (PEI) resin has a much lower coefficient of thermal expansion (CTE) than standard ULTEM grades. The ability of ULTEM 3310TD resin to be efficiently produced using high-volume molding eliminates the need for expensive secondary operations, enhances design flexibility, and reduces part weight.
In March 2022, Airbus Atlantic consolidated resources and expertise from Airbus’s facilities in Nantes and Montoir-de-Bretagne, France, with STELIA Aerospace sites worldwide. Airbus Atlantic is going to be a key member within the group’s value chain as it plays a major role in the aerostructure supply chain with more than 500 direct suppliers (flying products) and more than 2,000 indirect suppliers (general procurement products)
Target Audience
- Manufactures of polyetherimide
- Traders and distributors of polyetherimide
- Research institute/education institute
- Potential investors
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