Global Polyetherimide (PEI) Market to Grow at a CAGR of 6.8% During 2024-2032, Aided by the Flourishing Medical Sector

Device manufacturers in the medical sector are constantly seeking innovative materials that can withstand sterilisation, resist wear and corrosion, and are biocompatible for human use. The rising use of polyetherimide (PEI) as a high-performance thermoplastic that holds characteristics such as durability, mechanical strength, and dimensional stability suitable for use in the medical sector is aiding the polyetherimide (PEI) market growth.

Furthermore, polyetherimide is replacing metal, thermosets, and bulk moulding compounds (BMC) in the automotive sector. Polyetherimide is majorly used in electrical and lighting systems in the automotive sector, followed by under-the-hood applications.

Additionally, the growing disposable incomes among the global population are contributing to the increase in the purchase of consumer goods, including high-end gadgets. The aesthetic appearance of polyetherimide, clubbed together with its strength, is increasing its use in consumer goods such as eyeglass frames, kitchenware, and gadgets.

Some of the globally renowned companies such as Koninklijke Philips N.V. (NYSE: PHG) make use of polyetherimide for manufacturing car entertainment systems such as stereo speakers. Moreover, key players are increasingly launching sustainable polyetherimide materials. In October 2021, SABIC launched bio-based ULTEM™ resins that are the first certified renewable high-performance, amorphous polymers available in the market. The polyetherimide (PEI) materials provide sustainability while offering high performance and processability as incumbent ULTEM materials.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Market Analysis by Process Type, Form, End Use, and Region:

• The market, on the basis of process type, can be divided into injection moulding, extrusion, thermoforming, and compression moulding.

• Based on form, the market can be divided into film, sheet, granule, tube, and rod.

• The various end uses for polyetherimide (PEI) include transportation, electrical and electronics, medical, consumer goods, and industrial.

• The major regional markets for polyetherimide (PEI) include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The escalating prevalence of health-related concerns on a global scale is driving a surge in the use of medical devices, consequently fuelling the adoption of polyetherimide in various medical applications.

• The expanding automotive sector is increasing the use of polyetherimide for use in transmission components, throttle bodies, ignition components, thermostat housings, bezels, reflectors, and lamp sockets, among others.

• The growing number of innovations carried out to expand the use of polyetherimide in various end-use applications is supporting the polyetherimide (PEI) market demand.

• The rising disposable incomes of the global population are increasing the purchase of electronic goods. Polyetherimide is increasingly being adopted in electronics due to its high heat resistance and significant flow for thin wall design.

Key Offerings of the Report:

• The EMR report gives an overview of the global polyetherimide (PEI) market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the process types, forms, end uses, and major regions of polyetherimide.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global polyetherimide (PEI) market are SABIC, RTP Company, Solvay SA, Röchling Group, Toray Industries, Inc., and Ensinger GmbH, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us:

Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.