Polyetherimide (PEI) Market Analysis

Polyetherimide Market Analysis

Polyetherimide market size from glass fibre reinforced grade may exceed USD 330 million by 2025. The product is available in different glass filled percentage levels including 10%, 20%, 30% and 50%. Glass fibre filled polyetherimide resin is extensively used in electrical and electronics industry owing to its enhanced electroplatability and internal mold release properties. This will foster PEI product demand.
 

Unreinforced polyetherimide market size may witness significant gains up to 4% in the forecasted time period. It is widely used in automotive, building & construction and packaging industries due to its broad chemical resistance and high strength. These factors will have a positive impact on market size.
 

Polyetherimide sheets market size is predicted to surpass USD 215 million by 2025.  The product is utilized in aerospace and industrial applications owing to its high dimensional stability, chemical resistance and low moisture absorption, thus increasing market profitability.
 

Polyetherimide rods market size is expected to gain up to 4.5% up to 2025. PEI is available in different diameters and lengths depending upon its end- use. It finds applications in pharmaceutical industry where it is utilized for medical reusable products which requires repeated sterilization. These factors will propel market growth.
 

Polyetherimide market demand from oil & gas application is predicted to exceed USD 9.5 million by 2025. The product is widely used in the oil & gas industry owing to its chemical, thermal and electrical resistance. High grade machined plastics have their applications in various offshore activities including exploration, development and delivery process. Increasing number of proven reserves in countries including U.S. will enhance industry growth.
 

Polyetherimide market demand from aerospace application may observe significant gains over 5.5% in forecasted timeline.  It is utilized to manufacture air handling parts and specialty fluids owing to flame retardance and light weight. The product also meets latest industry regulations regarding smoke, flame and toxicity. Global aerospace market is estimated to grow at 5.1% during the forecasted period. These factors will positively impact market growth.
 

Polyetherimide market from pharmaceutical application is expected to surpass USD 50 million up to 2025. The product being radio transparent, dimensionally stable and chemical resistance is extensively used in medical industry for several applications including orthopaedic surgery and medical devices production. Tempalaux medical grade PEI is IoT controlled. Increasing R&D activities and consumer awareness will enhance pharmaceutical industry, thus fostering product demand.
 

Asia Pacific led by India, South Korea, and Japan polyetherimide market is predicted to grow up to 5.5% by 2025. The product has its applications in automotive interiors, bumpers and under hood components owing to its high strength. Growing urbanization and population in the region will have a positive impact on automotive industry, hence stimulating PEI market growth.
 

Europe driven by Italy, France, UK and Germany polyetherimide market size is poised to surpass USD 240 million by 2025. The product is used in healthcare market due to its chemical resistance and dimensional stability. Rising awareness for chronic diseases including cancer and viral infections will increase PEI market size.
 

Brazil polyetherimide market may witness substantial growth in the forecasted timeframe owing to rising oil and gas operations. The product has applications in drill ships, pump heads, pressure heads and submersible rigs due to its high strength and chemical resistance. Increasing number of probable gas reserves in the region will propel market growth.