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Polyetherimide (PEI) Market Size

  • Report ID: GMI3138
  • Published Date: Sep 2024
  • Report Format: PDF

Polyetherimide Market Size

The global polyetherimide market, which reached a valuation of USD 740.9 million in 2023, is expected to witness a steady growth rate of 4.8% CAGR from 2024 to 2032. This growth is primarily driven by the increasing demand for high-performance thermoplastics across key industries such as automotive, aerospace, and electronics.

 

PEI's exceptional properties, including thermal stability, mechanical strength, and chemical resistance, make it a preferred material for applications requiring durability and performance under extreme conditions. The automotive and aerospace industries, in particular, are focusing on lightweight and high-strength materials to enhance fuel efficiency and overall performance, further driving the adoption of PEI.
 

In addition to its traditional applications, the market is also benefiting from innovations in processing technologies that allow for more efficient manufacturing and broader application possibilities. The medical sector is increasingly incorporating PEI in the production of sterilizable components, while the industrial machinery sector is utilizing it for parts that require high strength and resistance to harsh environments. As industries continue to seek advanced materials to meet stringent regulatory and performance standards, the demand for PEI is expected to grow, ensuring a positive outlook for the market through 2032.
 

A significant pitfall for the polyetherimide (PEI) market is the high production costs associated with its complex manufacturing processes. The specialized nature of PEI's production requires advanced technology and expertise, leading to higher expenses. Additionally, the limited availability of raw materials further exacerbates supply chain stability, making it challenging for manufacturers to maintain consistent production levels. These factors can result in higher prices for end-users, potentially limiting market growth and adoption, especially in cost-sensitive industries.

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

The global polyetherimide (PEI) industry reached a valuation of USD 740.9 million in 2023 and is expected to witness 4.8% CAGR from 2024 to 2032 driven by the increasing demand for high-performance thermoplastics across key industries, such as automotive, aerospace, and electronics.

The reinforced grade segment in the polyetherimide (PEI) market is poised to depict 5.1% CAGR from 2024 to 2032 driven by the increasing demand for materials with enhanced mechanical properties, particularly in high-performance applications across the automotive, aerospace, and electronics.

Asia Pacific polyetherimide market reached USD 192.2 million in 2023 driven by the rapid industrialization and expansion of key industries, such as automotive, electronics, and aerospace in the region.

SABIC, Ensinger, Aetna Plastics, Westlake Plastics Company, Mitsubishi Chemical Advanced Materials, RTP Company, Centroplast Engineering Plastics GmbH, Röchling SE & Co. KG, PolyOne Corporation, Lehmann & Voss & Co., and Aikolon Oy.

Polyetherimide Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 172
  • Countries covered: 22
  • Pages: 200
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