According to TechSci Research report, “Polyetherimide Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Polyetherimide Market stood at USD 578.56 million in 2022 and is anticipated to grow with a CAGR of 5.25% in the forecast period, 2023-2028.
The initiatives taken by the government based on Polyetherimide have led to favorable market conditions for the Global Polyetherimide Market. Several factors contribute to the growth of various Polyetherimide products.
Strict government policies and regulations have played a crucial role in shaping and fostering the growth of the PEI market. These well-defined regulations primarily focus on ensuring safety standards and minimizing environmental impacts, thus fueling the demand for high-performance materials like PEI. With its remarkable combination of ductile strength, low smoke emission, and flame resistance, PEI has emerged as a preferred choice in various industries.
Governments across different regions are actively encouraging the adoption of PEI products through targeted initiatives and incentives. By highlighting the exceptional properties and advantages of PEI, these efforts are driving market growth and motivating industries to leverage the benefits offered by this versatile material. As a result, PEI continues to gain traction and establish itself as a reliable and sustainable solution in a wide range of applications.
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Polyetherimide (PEI) finds diverse and growing applications in the food industry. Its exceptional heat resistance and chemical stability make it an excellent choice for various food processing equipment and machinery. For instance, PEI is widely used in conveyor parts, filling systems, and sensor housings, ensuring optimal performance and durability.
Furthermore, PEI’s compliance with FDA regulations and its ability to withstand repeated sterilization cycles without significant degradation has led to its increased usage in reusable food and beverage containers as well as utensils. This not only promotes sustainability but also ensures the safety and hygiene of food-related products.
In addition, the rising demand for microwave-safe cookware and bakeware has further fueled the use of PEI. These products require materials that can withstand high temperatures without warping or releasing harmful substances, and PEI perfectly fits the bill. Its exceptional thermal stability and mechanical strength make it an ideal choice for ensuring the longevity and safety of microwave-safe food preparation items. With its versatility, reliability, and compliance with stringent industry standards, PEI continues to play a crucial role in enhancing food processing, storage, and preparation processes, contributing to the overall efficiency and safety of the food industry.
Global Polyetherimide Market is segmented into form, process type, application, regional distribution, and company
Based on its process type, the injection molding segment held the largest share in the market. Plastic parts are commonly manufactured using the highly versatile technique called injection molding. This method allows for the creation of a wide range of items, catering to various sizes, uses, and complexities. To carry out the injection molding process, three key components are required: an injection molding machine, unprocessed plastic material, and a specifically designed mold.
When it comes to choosing the right material for situations involving hot air and water, Polyetherimide (PEI) stands out. Not only does PEI exhibit excellent electrical qualities, but it also demonstrates hydrolytic stability and remarkable heat resistance over prolonged periods. These exceptional properties make PEI the perfect material choice for applications where durability and performance in high-temperature environments are crucial.
Based on region, the Asia Pacific segment is expected to grow during the forecast period. The Global Polyetherimide (PEI) Market in China is experiencing a significant boost due to the combination of increasing population and developing industrialization. Additionally, China’s export of diverse consumer electronics items to various European and North American countries is further contributing to the market growth. Moreover, the regional market is expected to witness continuous expansion as a result of the rising focus on research and innovation, along with the soaring demand for specialty polymers in the industrial sector. This demand is driven by the need for advanced materials that offer high-performance properties and can withstand extreme conditions.
With these factors in play, the Global Polyetherimide (PEI) Market in China is poised for sustained growth and presents lucrative opportunities for both local and international players in the industry.
Major companies operating in the Global Polyetherimide Market are:
- Aikolon Oy
- Eagle Performance Plastics Inc.
- Emco Industrial Plastics Inc.
- Ensinger Inc.
- Kuraray Europe GmbH
- Mitsubishi Chemical Advanced Materials AG
- PlastiComp Inc.
- RTP Company
- SABIC
- Solvay SA
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“Growing application of Polyetherimide in various end-user industries are key drivers of the Polyetherimide market. Growth in the competitive landscape and the presence of well-established companies in the market who are dedicated to enhancing their productivity of Polyetherimide with every passing year are anticipated to register impressive growth to the Global Polyetherimide Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Polyetherimide Market By Form (Film, Sheet, Granule, Tube, Rod), By Process Type (Injection Molding, Extrusion, Thermoforming, Compression Molding), By Application (Automotive, Aerospace, Electronics, Pharmaceutical, Industrial, Consumer, Food, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Polyetherimide Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers make sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Polyetherimide Market.
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Table of Content-Polyetherimide Market
- Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
- Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
- Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
- Global Polyetherimide Market Outlook
4.1. Market Size & Forecast
4.1.1. By Value & Volume
4.2. Market Share & Forecast
4.2.1. By Form (Film, Sheet, Granule, Tube, Rod)
4.2.2. By Process Type (Injection Molding, Extrusion, Thermoforming, Compression Molding)
4.2.3. By Application (Automotive, Aerospace, Electronics, Pharmaceutical, Industrial, Consumer, Food, Others)
4.2.4. By Region
4.2.5. By Company (2022)
4.3. Market Map
4.3.1. By Form
4.3.2. By Process Type
4.3.3. By Application
4.3.4. By Region
- Asia Pacific Polyetherimide Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Form
5.2.2. By Process Type
5.2.3. By Application
5.2.4. By Country
5.3. Asia Pacific: Country Analysis
5.3.1. China Polyetherimide Market Outlook
5.3.1.1. Market Size & Forecast
5.3.1.1.1. By Value & Volume
5.3.1.2. Market Share & Forecast
5.3.1.2.1. By Form
5.3.1.2.2. By Process Type
5.3.1.2.3. By Application
5.3.2. India Polyetherimide Market Outlook
5.3.2.1. Market Size & Forecast
5.3.2.1.1. By Value & Volume
5.3.2.2. Market Share & Forecast
5.3.2.2.1. By Form
5.3.2.2.2. By Process Type
5.3.2.2.3. By Application
5.3.3. Australia Polyetherimide Market Outlook
5.3.3.1. Market Size & Forecast
5.3.3.1.1. By Value & Volume
5.3.3.2. Market Share & Forecast
5.3.3.2.1. By Form
5.3.3.2.2. By Process Type
5.3.3.2.3. By Application
5.3.4. Japan Polyetherimide Market Outlook
5.3.4.1. Market Size & Forecast
5.3.4.1.1. By Value & Volume
5.3.4.2. Market Share & Forecast
5.3.4.2.1. By Form
5.3.4.2.2. By Process Type
5.3.4.2.3. By Application
