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Polyetherimide (PEI) Market, by Regional Growth Factors, Trends & Analysis of Leading Players By 2025

Author : Rahul Varpe | Published Date : 2019-06-18 

Global Market Insights presents an extensive report on Polyetherimide Market that offers qualitative information about prevailing trends and a detailed analysis of the growth trajectory of this industry. It also includes a study of the historical data and detailed statistics that will help determine the future scope of the industry in terms of commercialization opportunities.

According to a new research report by Global Market Insights, Inc. Polyetherimide Market to cross surpass USD 800 million by 2025.

Request sample copy of this report @ https://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.

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 aerospace.

High raw material & processing costs and limited color ability of PEI as compared to its substitutes might impact the market profitability. Strict government regulations regarding plastics usage might also hamper industry growth.

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 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 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.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/3138
    
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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