Polyetherimide Market Research Report - Global Forecast Till 2030

Polyetherimide Market: Information by Process (Injection Molding, Blow Molding, Foam Molding and Extrusion), Type (Unreinforced and Reinforced), Form (Sheets, Rods, Granules and Films), End-Use Industry (Automotive, Medical, Food & Beverage, Aerospace, Marine, Telecommunication, Electrical & Electronics and others) and Region (North America, Europe, Latin America, Asia-Pacific and the Middle East & Africa) - Forecast till 2030

ID: MRFR/CnM/6439-HCR | October 2022 | Region: Global | 140 Pages         

Polyetherimide Market

Polyetherimide Market is projected to be worth USD 870 Million by 2027, registering a CAGR of 7% during the forecast period (2020 - 2027).

Segmentation

By Process Injection Molding Blow Molding Foam Molding Extrusion
By Type Unreinforced Reinforced
By Form Sheets Rods Granules Films
By End-Use Industry Automotive Medical Food & Beverage Aerospace Marine Telecommunication Electrical & Electronics Others

Key Players

  • SABIC (Saudi Arabia)
  • Ensinger (India)
  • Aetna Plastics (US)
  • Westlake Plastics Company (US)
  • Mitsubishi Chemical Advanced Materials
  • RTP Company (US)
  • Centroplast Engineering Plastics GmbH

Drivers

  • Its growing adoption as an alternative to polyimides to overcome the challenge associated with it i.e. difficulty in melt processing.
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Polyetherimide Market Overview


The global polyetherimide market is estimated to reach over USD 820 million by the end of 2024, registering a CAGR of 6.3%. The major factors driving the Polyetherimide Market are the increasing demand for the electronics and electrical departments. A periodic developmental factor has been declared about the development and growth of the market considering the CAGR period. The properties of the Polyetherimide are what drive the major factors, owing to its properties like mechanical strength, temperature resistance, and thermo-oxidative properties. The usage of the same has become easier by the day due to the installation of faster and newer technological advancements like connectors, motor parts, and printed circuit boards. The advancement in the technology has made it quite accessible for the electronic department to increase in size and lead the market industry. This is exactly why there is a substantial growth that has been seen and expected for the Polyetherimide Market during the forecast period.


Key Players


Some of the key players operating in the polyetherimide market are SABIC (Saudi Arabia), Ensinger (India), Aetna Plastics (US), Westlake Plastics Company (US), Mitsubishi Chemical Advanced Materials (Japan), RTP Company (US), Centroplast Engineering Plastics GmbH (Germany), Röchling SE & Co. KG (Germany), PolyOne Corporation (US), Lehmann&Voss&Co. (Germany), Aikolon Oy (Finland), and others


Global Polyetherimide Market Share, By End-Use Industry, 2018 (%)  Polyetherimide Market_Image


Source: MRFR Analysis


Regional Analysis


The global polyetherimide market has been studied across five key regions, namely Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa. Asia-Pacific dominated the global polyetherimide market in 2018, on account of robust manufacturing output in the region, particularly from China, India, and ASEAN countries. India is expected to witness healthy growth in terms of demand for polyetherimide, owing to rapid industrialization and growth of the automotive industry in the country. The North American and European markets are expected to account for significant shares of the global polyetherimide market. Increasing investment in shale gas production in the US is expected to foster the demand for polyetherimide during the forecast period. The demand for polyetherimide is projected to increase significantly in the end-use industries in Europe and North America such as automotive and aerospace, owing to high adoption of lightweight composite materials. The Middle East & African market is projected to witness relatively moderate growth during the forecast period. Latin America is expected to be an opportunistic regional market for polyetherimide owing to recovering economic conditions in Brazil and Argentina. Furthermore, increasing investments in end-use industries such as automotive, aerospace, and electrical & electronics industry is expected to further propel the growth of the regional market during the forecast period.


Segmentation Analysis


The global polyetherimide market has been segmented based on process, type, form end-use industry, and region.


On the basis of process, the global polyetherimide market has been categorized into injection molding, blow molding, foam molding, and extrusion.


On the basis of type, the global polyetherimide market has been categorized into unreinforced and reinforced. The reinforced segment is further segregated into carbon fiber and fiberglass.


On the basis of form, the global polyetherimide market has been categorized into sheets, rods, granules, and films.


By end-use industry, the global polyetherimide market has been divided into automotive, medical, food & beverage, aerospace, marine, telecommunication, electrical & electronics, and others.


The global polyetherimide market, by region, has been segregated into North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa.

Recent Development


In February 2018,


One of the leading petrochemical firms, SABIC, declared its collaborations with expanding its food production and segmentation in Singapore. This new launch in the country shall be able to be contribute to the global production by 50%. This simultaneously helps to increase the Polyetherimide production in the region by a deck.


Other companies like RTP Company had also launched their own manufacturing facilities, having collaborated with Wroclaw in Poland and other states in India. This also led to an increased production in the market in the European as well as Asian countries.


Target Audience



  • Manufactures of polyetherimide

  • Traders and distributors of polyetherimide

  • Research institute/education institute

  • Potential investors



Report Scope:

Report Attribute/Metric Details
  Market Size

  • 2024: USD 820 million
  • 2030: Significant Value
  •   CAGR   6.3%(2022-2030)
      Base Year   2021
      Forecast Period   2022 to 2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Million)
      Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   process, type, form end-use industry, and region
      Geographies Covered   Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa
      Key Vendors   SABIC (Saudi Arabia), Ensinger (India), Aetna Plastics (US), Westlake Plastics Company (US), Mitsubishi Chemical Advanced Materials (Japan), RTP Company (US), Centroplast Engineering Plastics GmbH (Germany), Röchling SE & Co. KG (Germany), PolyOne Corporation (US), Lehmann&Voss&Co. (Germany), Aikolon Oy (Finland)
      Key Market Opportunities   The electrical & electronics industry is expected to be the second-largest consumer of polyetherimide.
      Key Market Drivers   Its growing adoption as an alternative to polyimides to overcome the challenge associated with it, i.e., difficulty in melt processing.


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    Frequently Asked Questions (FAQ) :

    Valuation of the global Polyetherimide Market is estimated to reach USD 820 MN by the end of 2024.

    Polyetherimide Market is projected to expand at over 6.3% CAGR during the assessment period (2019-2024).

    Automotive is the largest end-use industry segment in the global Polyetherimide Market.

    Asia Pacific holds the largest share in the global Polyetherimide Market, followed by Europe and North America, respectively.

    SABIC (Saudi Arabia), Ensinger (India), Westlake Plastics Company (US), Mitsubishi Chemical Advanced Materials (Japan), Aetna Plastics (US), RTP Company (US), Aikolon Oy (Finland), PolyOne Corporation (US), Centroplast Engineering Plastics GmbH (Germany), Röchling SE & Co. KG (Germany), and Lehmann&Voss&Co. (Germany), are some of the major players operating in the Polyetherimide Market.