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Polyetherimide (PEI) Market Report
Polyetherimide (PEI) Market Size, Share, Trend, Forecast, & Industry Analysis – 2021-2026
Polyetherimide (PEI) market is likely to witness an impressive CAGR of 6.8% during the forecast period. The prime factor that is contributing to the demand for polyetherimide (PEI) is mainly the increasing usage of high-performance polymer in various heat resistant applications, such as transportation and industrial. Further, owing to its lesser manufacturing steps and joints, PEI, along with thermally conductive fillers, remains a cost-effective solution to metals. It is extensively used as an alternative to metals in compact electronic gadgets, as it enhances the performance of compact electronics by dissipating heat. Besides the electronics industry, PEI is employed in various end-use industries, such as transportation, medical, consumer good, and industrial. All these factors are expected to underpin the growth of the market during the forecast period.
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Polyetherimide (PEI) Market - Snapshot |
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Growth |
6.8% for the next five years |
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Major Grade Type |
Reinforced |
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Major Form Type |
Sheet |
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Major Process Type |
Injection Molding |
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Dominant End-Use Industry Type |
Transportation |
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Region with the highest demand |
APAC |
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Key Players |
SABIC, RTP Company, Ensinger Plastics, Solvay SA, Rochling Group, Kuraray Europe, Toray Industries, Mitsubishi Chemical Advanced Materials, and Polymer Industries |
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Based on the end-use industry type, the market is segmented as transportation, electrical & electronics, medical, consumer goods, industrial, and others. The automotive subsegment under the segment of transportation held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The wide use of PEI in this application is increasing due to surge in demand for electric vehicles, reduction in weight, and fuel-efficient products, which is contributing to the growth of the segment.
Based on the grade type, the polyetherimide (PEI) market is segmented as 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, as glass-reinforced and fibre- reinforced PEIs; which provide greater dimensional stability and higher mechanical strength. Fibre-reinforced PEI is preferred in various applications to prevent products from corrosion, assist in carrying load, and also, provide strength and stiffness.
Based on the form type, the market is segmented as film, sheet, granule, 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 virtue of 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 drives its demand.
Based on the process type, the market is segmented as injection molding, extrusion, thermoforming, and compression molding. The injection molding process segment commands the market as it is used for 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.
In terms of regions, Asia-Pacific is estimated to be the largest market for polyetherimide (PEI) during the forecast period, with China, Japan, and India, being 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 industrial sector and the presence of a large number of 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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Polyetherimide (PEI) is a type of high-performance polymer that consists of ether links and imide groups in its polymer chain. It possesses various properties, such as flame resistance, low smoke emission, high elastic strength, and hydrolytic steadiness.
Polyetherimide (PEI) is mainly used as a substitute to metals in compact electronic gadgets to increase their performance, due to its heat dissipation properties.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Polyetherimide (PEI) Market Research Report - Features |
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|---|---|
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Market Segmentation |
5 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
9 |
The polyetherimide (PEI) market is segmented into the following categories.
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Some of the major polyetherimide (PEI) manufacturers are-
This report offers high-quality insights and is the outcome of 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 book, press release, journals, investor presentation, 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 the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. 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. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
The polyetherimide market is expected to witness an impressive growth of 6.8% CAGR in the foreseeable future.
SABIC, RTP Company, Ensinger Plastics, Röchling Group, Solvay SA and Toray Industries are among the key players in the polyetherimide market.
Asia-Pacific is expected to be the largest polyetherimide market during the next five years.
The automotive subsegment under the segment of transportation is expected to remain dominant in the polyetherimide market in the coming years.
The reinforced PEI segment dominates the polyetherimide market as it is considered to fulfill various engineering demands.
The PEI sheet segment dominates the polyetherimide market, as it is made up of amorphous PEI, which is used as a high-performance plastic material.
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