Home > Chemicals & Materials > Polymers > Industrial Polymers > Polyetherimide (PEI) Market

Polyetherimide (PEI) Market Trends

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

Polyetherimide Market Trends

The polyetherimide (PEI) market is witnessing several key trends that are shaping its growth and adoption across various industries. One of the most prominent trends is the increasing demand for lightweight and high-performance materials in the automotive and aerospace sectors. As these industries strive to improve fuel efficiency and reduce emissions, PEI's exceptional strength-to-weight ratio and thermal stability make it an ideal choice for components like under-the-hood parts, electrical connectors, and interior components. Furthermore, the electronics industry is increasingly utilizing PEI in applications that require high-temperature resistance and excellent electrical insulation, such as connectors, sensors, and circuit boards.
 

Another significant trend in the PEI market is the growing focus on sustainability and environmentally friendly manufacturing practices. Companies are investing in research and development to create PEI materials with lower environmental impact, including options that are recyclable or derived from bio-based sources. Additionally, advancements in processing technologies are making it possible to produce PEI more efficiently, reducing waste and energy consumption. These trends, combined with the expansion of PEI applications into new areas such as medical devices and industrial machinery, are expected to drive the market's growth in the coming years.

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

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 11
  • Tables & Figures: 172
  • Countries covered: 22
  • Pages: 200
 Download Free Sample