Polyetherimide (PEI) Market Size

Polyetherimide Market Size

Polyetherimide (PEI) Market size was over USD 560 million in 2018 and industry expects demand of above 30 kilo tons by 2025.

Rapid growth in automotive sector has up surged polyetherimide market demand. The product is utilized in manufacturing of automotive interior components, handles, bumpers, bezels, electromechanical systems, thermostat housings and lamp sockets. Robust development in electronics market, with the increasing application of high-performance plastics, is anticipated to support the market growth.

Rising disposable income and changing purchasing patterns of consumer will boost electronics and aerospace segments. PEI is widely used in electronics and aerospace owing to their heat resistant nature. Growing demand for heat resistant plastics from electronics and aerospace segments will further propel PEI market growth. Technological advancements and potential integration of the product in different applications including switches, semi-conductors, and aircraft antenna construction will contribute to mounting industry size.

Global food industry size may witness gains up to 9.5% in the estimated timeline. PEI is utilized accepted in kitchenware, catering and tableware due to contamination and quality issues. Food adulteration has adverse impact on human health, brand image and damages consumer loyalty. FDA has declared the product safe for indirect additives utilized in food contact substances. These factors will drive global polyetherimide demand.

Polyetherimide exhibits high ductile strength, low smoke emission, flame resistance, and exceptional hydrolytic stability. Owing to product’s stability, its range of processing is wider than many of its counterparts. Government initiatives with strong R&D has encouraged utilization of the products and has fortified significant investments on technology innovation. Acceptance of polyetherimide to decrease contamination in food, reducing overall automotive weight for curbing emissions along with stringent controlling standards by EU and FDA restraining VOC’s will favour PEI product demand.

Global medical device industry may witness strong gains up to 5.5% in the estimated timeframe owing to prevailing lifestyle diseases. Increasing elderly population globally is a major factor contributing to the advancement of global medical devices market. Economic development substantial potential for China and India markets providing opportunities to medical device manufacturers driving polyetherimide demand.

It is transparent and an amorphous thermoplastic with features similar to PEEK. The product is extensively used owing to advanced thermoplastic nature which has imide groups and ether links in its polymer chain. PEI has gained consumer acceptance as a high temperature material compared to polysulfones, polyketones, and polyphenylenesulfides. The product is low-priced but is lower in impact strength and usable temperature which may hamper market growth.