Polyetherimide Materials Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2028

  • Published : Ongoing
  • Category : Chemical & Materials
  • Report Code : FACT1816MR

Global Polyetherimide Materials Market Introduction

Polyetherimide materials exhibit high heat stability at elevated temperatures and, therefore, are used as engineering materials. They are high-performance engineering materials that offer high strength, good electrical properties and dimensional stability at high temperatures. Polyetherimide materials also have good melt processing and good hydrolytic stability, owing to the presence of an ether group. The properties of polyetherimide materials can be altered by reinforcing them with materials such as glass and glass fibers.

Polyetherimide materials finds a wide range of applications in aerospace and automotive industries, which include aircraft structural parts, automotive structural parts and industrial machinery and equipment parts. They are also used in various electronics and electrical parts. These materials are largely preferred in aerospace and automotive industries, owing to their toughness, cleanness and transparency.

Global Polyetherimide Materials Market Dynamics

Polyetherimide Materials Market Drivers

The rapid growth of the automotive industry has created an upsurge in demand for polyetherimide materials used in the manufacturing of automotive transmission components, bezels, ignition components, lamp sockets, throttle bodies, electromechanical systems and thermostat housings. Strong growth in the electrical and electronics market, with the increasing use of high performance plastics in the industry, is projected to support the demand for polyetherimide materials over the forecast period. The increasing demand for heat-resistant plastics from electrical and electronics applications and the increasing disposable income in developing countries are propelling the growth of the market. The rise in aircraft deliveries highlights the growth of the aerospace industry, which is also driving the demand for matrix composite materials. This expected to boost the demand for polyetherimide materials from structural applications in the aerospace and automotive industry.

Polyetherimide Materials Market Restraints

One of the major challenges faced by the global polyetherimide materials market is the high cost of these materials. At present, a few large players are predominant in the market scenario. The large players can rip out the benefits of economies of scale and therefore, make the entry of small players difficult.  

Additionally, the presence of various alternative materials including lightweight metals and other polymers and plastics can deter the growth of the market to some extent. Environmental regulations that mandate the recycling of plastics are also restraining the growth of the the polyetherimide materials market.

Polyetherimide Materials Market Trends

Automotive manufacturers are focusing on using lightweight materials for the manufacturing of components. Polyetherimide materials are preferred in the manufacturing of various automotive and automotive electronic components. The rise in the automotive industry in emerging economies is therefore pushing the demand for polyetherimide materials.  

Strong growth in the global electrical and electronics market is propelling the demand for polyetherimide materials from various applications such as electrical motor parts, electrical switches, printed circuit boards, electrical controls and connectors.

Global Polyetherimide Materials Market: Segmentation

The global polyetherimide materials market can be segmented on the basis of process, application, end-use industry and region.

On the basis of process, the global polyetherimide materials market can be segmented as:

  • Injection Molding
  • Extrusion Molding
  • Compression molding
  • Other Moldings

On the basis of application, the global polyetherimide materials market can be segmented as:

  • Automotive transmission components
  • Bezels
  • Ignition Components
  • Electromechanical Systems
  • Thermostat housings
  • Other Equipment Parts

On the basis of end use industry, the global polyetherimide materials market can be segmented as:

  • Automotive
  • Electronics & Electrical
  • Aerospace
  • Other Industries

Global Polyetherimide Materials Market: Regional Outlook

Automotive manufacturers are shifting from mature regions to emerging countries such as India and China. The global polyetherimide materials market is anticipated to be dominated by the Asia Pacific region with China leading the market in terms of both production and consumption. India is also anticipated to witness sound growth in the demand for polyetherimide materials, owing to the rapid growth in the automotive industry in the country. North America and Europe are collectively anticipated to hold a significant share in the polyetherimide materials market and the growth in the aerospace industry in the region is anticipated to further drive the demand in the coming years. Significant investments and economic recovery in Brazil and Argentina are projected to drive the Latin America polyetherimide materials market. The Middle East and Africa region is projected to witness moderate growth in the demand for polyetherimide materials over the forecast period, due to the initiatives being taken by various Middle East countries towards diversifying their economies.

Global Polyetherimide Materials Market: Market Participants

Examples of some of the market participants identified across the value chain of the global polyetherimide materials market are:

  • SABIC
  • Aikolon Oy
  • Emco Industrial Plastics
  • Quadrant Group of Companies
  • Westlake Plastics Company
  • Ensinger
  • Regal Plastics
  • Nationwide Plastics, Inc.
  • Total Plastics, Int'l
  • Eagle Performance Plastics, Inc.
  • RTP Company
  • Aetna Plastics Corp
  • SpecialChem

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application and industry.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Chile, Peru)
  • Western Europe (Germany, Italy, France, U.K., Spain, BENELUX, Nordics)
  • Eastern Europe (Russia, Poland, CIS)
  • Asia-Pacific (China, India, ASEAN, South Korea)
  • Japan
  • Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Fact.MR

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