Polyetherimide (PEI) Market Analysis | 2023-2028

“The Polyetherimide (PEI) Market was estimated at US$ 504.08 million in 2022 and is expected to grow at a CAGR of 6.6% during 2023-2028 to reach US$ 741.76 million by 2028.”

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Market Dynamics

Introduction

Polyetherimide (PEI) is a high-performance thermoplastic with excellent heat resistance, mechanical strength, and flame resistance. Found to be made of ether and imide repeat units, PEI has good thermal stability and is useful for several challenging uses. The stability temperature of PEI is above 200°C; therefore, the material retains its mechanical properties when exposed to rigorous conditions.

It is used in the aerospace industry, automobile industry, electric industry, and medical industry for uses like connectors, automobile parts, and medical appliances. This has made it widely used where strength, thermal resistance, and chemical stability are desirable in an industry.

Market Drivers

The factors are expected to drive polyetherimide (PEI) market growth during the forecast period are:

• The need for the fabric is essentially ascribed to its heat-resistant operations, especially in the transportation and mechanical industries.

• PEI when strengthened with thermally conductive fillers is a cheaper substitution to metals because of its lower processing steps and number of joints.

• It is commonly utilized in convenient electrical apparatuses, and it improves the devices’ proficiency by diminishing warm build-up.

• Apart from hardware, PEI is utilized in all the end-use segments such as transport, healthcare, buyer durables, and mechanical merchandise businesses.

Segments Analysis

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By End-Use Industry Type

“Transportation held the largest market share and will remain dominant during the forecast period.”

The market is segmented into transportation, electrical & electronics, medical, consumer goods, industrial, and others. The automotive subsegment under the segment of transportation held the largest share of the market and is expected to remain dominant during the forecast period. The wide use of PEI in this application is increasing due to a surge in demand for electric vehicles, reduction in weight, and fuel-efficient products, which is contributing to the growth of the segment.

By Grade Type

“The reinforced PEI segment dominates the market during the forecast period.”

The polyetherimide (PEI) market is segmented into reinforced and unreinforced. The reinforced PEI segment dominates the market as it is considered to fulfill various engineering demands. Further, it is classified into two types, glass-reinforced and fiber-reinforced PEIs, which provide greater dimensional stability and higher mechanical strength. Fiber-reinforced PEI is preferred in various applications to prevent products from corrosion, assist in carrying load, and provide strength and stiffness.

By Form Type

“The PEI sheet segment dominates the market during the forecast period.”

The market is segmented into film, sheet, granules, tube, and rod. The PEI sheet segment dominates the market, as it is made up of amorphous PEI, which is used as a high-performance plastic material. The growth of the segment can be attributed to the properties, by which, sheets provide good thermal performance and high strength and stiffness. In addition, its other attributes such as flame retardancy, acid resistance, and easy operational capability in the presence of steam and hot water drive its demand.

By Process Type

“The injection molding process segment dominates the market during the forecast period.”

The polyetherimide (PEI) market is segmented into injection molding, extrusion, thermoforming, and compression molding. The injection molding process segment commands the market as it is used for the fabrication of plastic products, in terms of size, application, and complexity. It is used in various other applications also, such as medical devices, instrument trays, and electrical enclosures.

Regional Analysis

“Asia-Pacific is estimated to be the largest market for polyetherimide (PEI) during the forecast period.”

China, Japan, and India are the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of various end-use industries, such as industrial, transportation, electronics, and medical, which is generating enormous demand for polyetherimide (PEI). Further, the growing demand for specialty polymers in the industrial sector and the presence of many polyetherimide (PEI) manufacturers in the Asia-Pacific region are propelling the growth of the market.

North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Key Players

The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc.  

The following are the key players in the polyetherimide (PEI) market (arranged alphabetically).

• Ensinger Plastics
• Röchling Group
• RTP Company
• SABIC
• Solvay SA 
• Toray Industries

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

 More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. 

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

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Company Profiling

• Detailed profiling of additional market players (up to 3 players).
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Market Segmentation

• Current market segmentation of any one of the product types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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