The global polyetherimide (PEI) market is projected to showcase steady growth during the forecast period. The rapid increase in a wide range of applications is one of the major factors to drive the growth of the PEI market across the globe. PEI is an amorphous thermoplastic having high strength and rigidity at elevated temperatures, long term heat resistance, dimensional stability, and good electrical properties. The PEI resins are both chemical and lipid resistant and are available in both clear and opaque grades. The automobile industry utilizes PEI as a replacement of metal, thermosets, and bulk molding compounds (BMC).
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Besides, the electrical and lighting systems such as headlight reflectors, fog light reflectors, bezels, and light bulb sockets are the other application areas for PEI in the automotive & transportation. PEI is a non-toxic, non-corrosive, non-polluting and non-staining chemical. Additionally, the PEI can withstand dry heat sterilization at 180°C, along with ethylene oxide gas and gamma radiation, and is therefore strongly favored for use in the formulation of disposable and reusable medical devices. The separation, permeance, blood, and tissue biocompatibility properties make them suitable for use in membrane applications too. Apart from the medical industry, PEI resin compounded with glass-fiber is the material choice for newly designed probe housing on the medical monitor. The manufacturing of the digital card printer frames, coil springs, and cable guards are the other application of the PEI chemical in the electrical industry.
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The growing application of PEI in several end-user industries is projected to propel the market growth. RTP Co., Kuraray Europe GmbH, Röchling Group, Ensinger Plastics Pvt. Ltd., SABIC, Mitsubishi Chemical Advanced Materials AG, Solvay S.A., Toray Advanced Composites, Honeywell International Inc., Ensinger Plastics Pvt. Ltd., 3M Co. and so on are the major providers of the PEI across the globe.
Key Market Trends Covered in the Market Report
- Reinforced PEI is anticipated to hold considerable market share owing to its high strength and stiffness.
- Asia-Pacific is anticipated to hold considerable market share during the forecast period.
- High cost, low color ability, and polarization are some of the key factors that may restrict the growth of the global PEI market
- Geographical expansion is a key strategy of market players to remain competitive in the market place.
- Rise in the patent approval to offer significant opportunities for market growth across the globe.
Global Polyetherimide (PEI) Market Segmentation
By Type
- Reinforced
- Unreinforced
By Application
- Sheet
- Coatings
- Pipes
- Films
- Others
By End-User Industry
- Electrical & Electronics
- Household Goods
- Automotive & Transportation
- Others (Medical)
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