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Polyetherimide Market – How The Market Developments Of Key Players Impact The Overall Industry?

Author : Rahul Varpe | Published Date : 2019-03-18 

According to a new research report by Global Market Insights, Inc. Polyetherimide Market size is set to surpass USD 800 million by 2025. U.S. polyetherimide market size may register significant gains over 5% by 2025. PEI is utilized in petroleum operations as it is thermal and chemical resistant. Rising shale gas production in the country will foster PEI demand.

China polyetherimide market size may witness significant over 5.5% at the end of 2025. The product being food contact acceptable and chemical resistant is widely utilized in kitchenware and appliances. Growing consumer awareness and standard of living in the country will promote PEI demand.

Growing awareness for manufacturing safe products and changing environmental regulations would propel polyetherimide Market growth. PEI emits less smoke when it is exposed to open flame owing to which its demand has increased in several industries including automotive, electrical & electronics, and 

Market Size available for years -     2018-2025
Base year considered-                    2018
Forecast period-                             2019–2024
Forecast Value-                              800Bn (USD).
Segments covered-                        Grade, Application, Grade, and Region.
Geographies covered-                    Asia Pacific, North America, Europe, The Middle East, Africa, 
Companies covered-                      RTP Company, Mitsubishi Chemical, Nationwide Plastics, Centroplast ,                                
                                                       Engineering, and Röchling Group, SABIC

To access a sample copy or view the Polyetherimide Market report in detail along with the table of contents, please click the link below:  www.gminsights.com/request-sample/detail/3138

Global polyetherimide industry size from electronics application is anticipated to exceed USD 165 million in the forecast timeline. Its properties including high deformation resistance, self-extinguishing, low flammability & outgassing finds its applications to manufacture electronic and electrical insulators. Rapid developments including Internet of Things and artificial intelligence will foster product demand.
 
The product due to its high strength and dimensional stability is used in building applications. Global construction industry is estimated to grow at 4.5% by 2023 due to escalating economic growth in India and China. This will enhance polyetherimide industry growth.

Ultem resins by SABIC meets the standards set by FDA, ISO, and USP Class VI making it suitable for its utilization in healthcare industry.  Global healthcare industry is estimated to grow at 6% by 2022, hence propelling PEI demand.

Global carbon fiber reinforced polyetherimide industry size may witness significant  gains over 5% up to 2025. The product is utilized to manufacture aircraft components including aileron ribs due to its increased strength and stiffness. Global commercial aircraft industry is estimated to grow at 2.5% by 2025 owing to rising air travel affluence hence, fostering PEI demand.

Global PEI market size from granule form is anticipated to surpass USD 450 million by 2025. The product being eco-compliant and fit for food contact applications is utilized in food & beverage packaging industry. Global packaged food industry is estimated to grow at 4.5% by 2020 due to rising demand of ready-to-cook foodstuff. This factor will enhance the industry growth.

Global polyetherimide industry size from automotive application is anticipated to surpass USD 290 million by 2025. Growing PEI demand in automotive components including gears, interiors, bumpers, and fuel systems owing to its low cost and light weight as compared to metals including aluminum will foster PEI demand.
 
Polyetherimide market is moderately consolidated with key industry participants including RTP Company, Mitsubishi Chemical, Nationwide Plastics, Centroplast Engineering, and Röchling Group, SABIC. Manufacturers are making heavy investments in R&D, product innovation and capacity expansion in order to cater increasing market growth.
 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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