Market Research Report
Global Polyetherimide Market By Form, By Grade, By Process Type, By Application, By Region, Competition, Forecast & Opportunities, 2025
|Global Polyetherimide Market By Form, By Grade, By Process Type, By Application, By Region, Competition, Forecast & Opportunities, 2025|
Published: May 1, 2020
Content info: 111 Pages
Delivery time: 2-3 business days
Global polyetherimide market size was valued at around USD520 million in 2019 and is projected to grow at a CAGR of close to 7% during the forecast period. Polyetherimide (PEI) is used in applications that require high temperature and fast dissipation of heat. Because of its peculiar properties such as low smoke emission, creep resistance and flame resistance, the demand for the product as a thermally conductive plastic is increasing significantly, which in turn is boosting the growth of global polyetherimide market. Moreover, increasing government initiatives along with growing research and development activities around the globe has encouraged utilization of the product, which is estimated to drive the global polyetherimide market until 2025. Furthermore, due to rising contamination and quality issues, PEI is utilized in kitchenware, tableware and catering, which is anticipated to have a positive influence on the market growth. However, one of the major factors that can act as a major impediment to the growth of global polyetherimide market during the forecast period is its high manufacturing cost.
The global polyetherimide market is segmented based on form, grade, process type, application, region and company. Based on process type, the market can be segmented into injection molding, extrusion, thermoforming and compression molding. Among them, the injection molding process type dominated the market until 2019 and is projected to be the largest segment during the forecast period as well. This growth is attributable to its wide use for fabrication of plastic parts. Moreover, several products, in terms of application, size, and complexity are manufactured using this process, which is further boosting the segment growth. In terms of application, the market is fragmented into automotive, aerospace, electronics, pharmaceutical, industrial, consumer, food, others. Out of which, automotive and aerospace sectors are anticipated to register high growth during the forecast period owing to the capability of polyetherimide to replace metal and other thermosets.
Major players operating in the polyetherimide market include SABIC, RTP Company, Ensinger Plastics, Rochling Group, Kuraray Europe, Mitsubishi Chemical Advanced Materials, Solvay SA, Toray Industries, Aikolon Oy, Quadrant Group of Companies and others.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021-2025
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the new products, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of global polyetherimide market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global polyetherimide market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Middle East & Africa
Company Profiles: Detailed analysis of the major companies present in global polyetherimide market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: