Polyetherimide Market

Polyetherimide Market Gains Traction with 3D Printing Technology as Asia and Latin America Emerge as Lucrative Pockets

Global polyetherimide (PEI) market is expected to grow stronger as compared to its historical period on the back of continuous developments in manufacturing processes of polyetherimide to increase global production capacities.

The global polyetherimide industry has witnessed several technological advancements related to weight reduction, 3D printing and carbon fiber technologies of polyetherimide products as compared to aluminum for manufacturing aircraft interior components.

As a result, this has created lucrative opportunities for polyetherimide manufacturers to gain a competitive advantage in the global market.

Furthermore, increasing customer demand of polyetherimide for additive manufacturing processes across emerging economies of Asia and Latin America is anticipated to create potential growth avenues in during the foreseeable period.

Fact.MR, a leading research firm, opines that the global polyetherimide (PEI) market is expected to grow at a CAGR of over 7% over the forecast period (2019-2027) to reach a valuation of ~US$ 870 Mn by 2027. Furthermore, reinforced polyetherimide will drive the global polyetherimide industry and account for ~45% market share in 2018. It is expected to grow 1.8x faster during the forecast period.

Demand of Polyetherimide in Medical Applications on a Strong Growth Trajectory of 6%

High performance plastics such as polyetherimide are gaining massive traction in several end use industries including automotive, aerospace, medical, and others owing to its high potential properties. In the past, automotive and aerospace sectors have dominated the overall demand in global polyetherimide (PEI) market with a market share of around 60%.

However, recent developments in medical grade of polyetherimide have shifted the focus of manufacturers towards utilizing the untapped opportunities in this sector.

Furthermore, application of polyetherimide sheets, rods, and films to provide exceptional fire resistance and high strength is likely to support the strong growth rate of polyetherimide in the medical sector. This is expected to amplify the overall demand of polyetherimide industry across the developed as well as developing economies and medical sector is projected to witness a growth rate of ~6% over the forecast period

Investments and Expansions to Remain Critical for Sharper Profit Margins

The global market for polyetherimide is expected to remain oligopolistic where SABIC, a leading manufacturer of polyetherimide resins supplies more than 1/3rd of the global demand in polyetherimide industry.

In addition, other top 10 players account for around 25% of the global polyetherimide market. Investment opportunities are rife for utilizing waste material of polyetherimide and this is anticipated to open a plethora of market opportunities for key manufacturers as well as new entrants to increase their operating margin in global polyetherimide industry over the forecast period.

Furthermore, increasing demand for high performance plastics has also pushed the manufacturers to expand their production capacities for polyetherimide to cater to the needs of customers. Some of the notable developments in the global polyetherimide industry are-

• In February 2018, the leading petrochemical company, SABIC has announced the expansion of its production footprint of polyetherimide segment in Singapore to reduce the supply demand gap in Asian countries. Also the company has stated that the new facility in Singapore will be operational from 2021 and is likely to increase the global production capacity of SABIC by 50%.
• Other competitors in the global polyetherimide market such as RTP Company and The Rochling Group have also announced the expansion of their manufacturing facilities in Wroclaw (Poland) and Vadodara (India) respectively to support the high demand of polyetherimide in Europe and Asian Countries.

Global Polyetherimide Market: In-Depth Assessment on Key Segments

The global polyetherimide market is segmented on the basis of form, grade, process, end use industry and region.

Form	Film Sheet Tube Granules Rod
Grade	Reinforced Unreinforced
Process	Injection Molding Extrusion Thermoforming Compression Molding
End Use Industry	Automotive Aerospace Electrical & Electronics Medical Consumer Goods Others
Region	North America Latin America Europe South Asia & Oceania East Asia MEA

Country-specific assessment on demand for polyetherimide has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous polyetherimide manufacturers, experts, and suppliers. Y-o-Y growth projections have also been offered on all regional markets incorporated in the report. Moreover, future trends, growth prospects, and other possibilities related to the market have been answered in the report.