Global $714Mn Polyetherimide (PEI) Market by Form, Grade, Process Type, End-use Industry, and Region - Forecast to 2024

DUBLIN, June 26, 2019 /PRNewswire/ -- The "Polyetherimide (PEI) Market by Form (Film, Sheet, Granule, Tube, Rod), Grade (Reinforced, Unreinforced), Process Type (Injection Molding, Extrusion, Thermoforming, Compression Molding), End-use Industry, and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The market size of PEI was just over USD 493 million in 2018 and is projected to grow at a CAGR of 6.5% between 2019 and 2024.

The leading players in the PEI market are SABIC (Saudi Arabia), RTP Company (US), Ensinger Plastics (Germany), Rochling Group (Germany), Kuraray Europe (Germany) Mitsubishi Chemical Advanced Materials (Japan), Solvay (Belgium), and Toray Industries (Japan).

Increasing demand from the transportation sector is expected to drive the global PEI market during the forecast period

An increase in demand in the transportation industry because of the ability of PEI to withstand high temperatures for longer duration without losing their structural integrity and strength has led to its increasing use in the automotive and aerospace industries.

The transportation end-use industry segment is projected to register the highest CAGR in the global PEI market during the forecast period

PEI offers more advantages over metal, and hence several automotive manufacturers are replacing metal parts in the vehicle with a lighter and more economical material. Several vehicle parts including front-end modules, beams, brackets, airbag container, pedal, and seat components have been replaced with PEI, as it has higher heat resistance and better oil resistance. Thereby increasing engine efficiency and reducing vehicle weight due to less consumption of energy.

Some of the important applications of PEI in the automotive industry include thermostat housing, bezel ignition components, reflectors, lamp sockets, electromechanical systems (gears, solenoid bodies, oil pump devices, ignition switches, fuses, transmission components), and throttle bodies.

The injection molding segment is projected to register the highest CAGR in the global PEI market during the forecast period

Injection molding is a manufacturing process used for the fabrication of plastic parts. Different varieties of products, in terms of size, application, and complexity, are manufactured using the injection molding process. This process requires an injection molding machine, raw plastic material, and a mold.

The process includes the melting of the plastic in the injection molding machine and then injecting it into the mold where plastic solidifies into the final product. PEI processed through injection molding is majorly used in medical and electrical applications due to its strength and rigidity and hence driving the PEI market.

The sheet segment is expected to register the highest CAGR in the global PEI market during the forecast period

PEI sheet is made of amorphous PEI that is commonly used as high-performance plastic material. This sheet provides good thermal performance as well as high strength & stiffness. PEI sheet is flame retardant, resistant to acids, and can be operated in the presence of steam and hot water.

PEI provides high heat resistance, high strength modulus, and good electrical & insulation properties. PEI sheet has low moisture absorption and excellent dimensional stability in a variety of environments. It is internally lubricated by carbon fiber for good friction and wear characteristics.

APAC is projected to record the highest growth rate during the forecast period

APAC is expected to the fastest-growing market during the forecast period. There is an increase in the consumption of PEI in various applications due to continued industrialization and growth in the transportation, electronics, and medical sectors of the region.

In addition, growing innovation & development and the rising demand for specialty polymers in the industrial sector are driving the use of PEI.

The report will help market leaders/new entrants in this market in the following ways:

• This report segments the global PEI market comprehensively and provides the closest approximations of market sizes for the overall market and sub-segments across verticals and regions.
• The report will help stakeholders understand the pulse of the market and provide them with information on the key market drivers, restraints, challenges, and opportunities.
• This report will help stakeholders understand the major competitors and gain insights to enhance their position in the business. The competitive landscape section includes expansions, acquisitions, and new product developments.

Key Topics Covered

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Unit Considered
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the PEI Market
4.2 PEI Market, By Grade
4.3 PEI Market, By Form
4.4 PEI Market, By Process Type
4.5 PEI Market, By End-Use Industry
4.6 APAC PEI Market, By Grade and Country
4.7 PEI Market, By Key Countries

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand From the Transportation Sector
5.2.1.2 Consumption of PEI Over Metals and Other Conventional Polymers
5.2.1.3 Electrification of Vehicles
5.2.1.4 Growth in Emerging Economies
5.2.2 Restraints
5.2.2.1 Lower Thermal Conductivity Than Traditional Materials
5.2.2.2 Increasing Competition From Hybrid Polymers and Composites
5.2.3 Opportunities
5.2.3.1 Emerging Applications of PEI
5.2.4 Challenges
5.2.4.1 Higher Price than that of Conventional Polymers
5.3 Porter's Five Forces Analysis
5.3.1 Threat of Substitutes
5.3.2 Threat of New Entrants
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry

6 PEI Market, By Grade
6.1 Introduction
6.2 Reinforced
6.2.1 Greater Stability and Improved Physical Properties of Reinforced PEI are Driving Its Demand
6.3 Unreinforced
6.3.1 Rapid Growth in the Aerospace and Medical Industries is Expected to Drive the Unreinforced PEI Market

7 PEI Market, By Process Type
7.1 Introduction
7.2 Injection Molding
7.2.1 PEI Processed Through Injection Molding is Majorly Used in Medical and Electrical Applications Due to Its Strength and Rigidity
7.3 Extrusion
7.3.1 The Excellent Mechanical, thermal, and Electrical Properties of the Extrusion Process is Boosting the PEI Market
7.4 Thermoforming
7.4.1 Cost-Effectiveness, Easy Modification, and Design Freedom of PEI Compounded Through the Thermoforming Process is Driving the PEI Market
7.5 Compression Molding
7.5.1 The Ability to Create Complex Parts is Fueling the Growth of the Compression Molding Segment

8 PEI Market, By Form
8.1 Introduction
8.2 Film
8.2.1 Increasing Demand in Capacitors is Expected to Drive the PEI Film Market
8.3 Sheet
8.3.1 Favorable Applications in Consumer Goods and Automotive Industries Have A Positive Impact on the PEI Sheet Market
8.4 Granule
8.4.1 PEI Granule's Stability at High Temperatures and Good Toughness and Strength are Fueling Its Demand
8.5 Tube
8.5.1 The Use of PEI Tube in Medical and Pharmaceuticals Applications is Expected to Drive the Market
8.6 Rod
8.6.1 PEI Rod has Major Applications in Electrical Switchgear, Connectors, and High Voltage Circuit Breaker Housings

9 PEI Market, By End-Use Industry
9.1 Introduction
9.2 Transportation
9.2.1 Automotive
9.2.1.1 The Increase in Consumption of Heat-Resistant Polymers in Automotive Applications is Augmenting the Market Growth
9.2.2 Aerospace
9.2.2.1 The Rise in Demand for Fuel-Efficient and High-Performance Polymers in the Aerospace Sector is Increasing the Demand for PEI
9.3 Electrical & Electronics
9.3.1 Rising Demand in CAPACitor and Molded Interconnect Devices to Foster the Market Growth
9.4 Medical
9.4.1 The Demand for the Latest Material Solution That Meets Safety, Quality, and Regulations is Boosting the PEI Market in This Segment
9.5 Consumer Goods
9.5.1 Replacement of Metal Parts With PEI in A Wide Range of Consumer Goods Products is Driving the Market
9.6 Industrial
9.6.1 Low Maintenance Cost and Long Service Life of PEI is Increasing Its Consumption in the Industrial Sector
9.7 Others

10 PEI Market, By Region
10.1 Introduction
10.2 North America
10.2.1 US
10.2.1.1 Increase in Healthcare Expenditure and Aircraft Production, Along With the Presence of PEI Manufacturers, are Projected to Drive the Market
10.2.2 Canada
10.2.2.1 Increasing Focus on Improving the Efficiency of an Aircraft and the Growth of the Telecommunication Industry is Spurring the Demand for PEI
10.2.3 Mexico
10.2.3.1 The Low Operational Cost of Manufacturing and Increasing Focus on Electronic Components are Expected to Boost the Demand for PEI
10.3 Europe
10.3.1 Germany
10.3.1.1 Increasing Investment in Energy-Efficient Products and the Healthcare Sector are Expected to Drive the Demand for PEI
10.3.2 UK
10.3.2.1 Growth in the Transportation Sector is Likely to Increase the Demand for PEI
10.3.3 France
10.3.3.1 Focus on High Value-Added Technologies is Contributing to the Market Growth
10.3.4 Italy
10.3.4.1 Increasing Advancement and Production of Power Electronics, Electric & Hybrid Drivetrains, and Electric Motors are Boosting the Demand for PEI
10.3.5 Spain
10.3.5.1 Demand for Healthcare Products and Increasing Activities in the Automotive Sector are Augmenting the Demand for PEI
10.3.6 Rest of Europe
10.4 APAC
10.4.1 China
10.4.1.1 Programs Such as Made in China 2025 are Expected to Drive the Market for PEI
10.4.2 India
10.4.2.1 Favorable Government Regulations and the Growing Economy of India are Aiding Market Growth
10.4.3 Japan
10.4.3.1 Growing Medical & Healthcare Infrastructure is Increasing the Demand for PEI
10.4.4 South Korea
10.4.4.1 Government Reforms on Tax and Investment in Infrastructure are Fueling the Growth of the PEI Market
10.4.5 Rest of APAC
10.5 RoW
10.5.1 Brazil
10.5.1.1 Government's Plan to Launch Business-Friendly Programs to Boost Its Economy is Driving the PEI Market
10.5.2 Saudi Arabia
10.5.2.1 The Focus of the Country on Non-Oil Sectors and Reducing the Dependence of Its Economy on the Oil Sector is Driving the Demand for PEI
10.5.3 Argentina
10.5.3.1 Increasing Focus on Industrialization is Expected to Fuel the Demand for PEI
10.5.4 Others

11 Competitive Landscape
11.1 Introduction
11.2 Competitive Scenario
11.2.1 Expansions
11.2.2 Acquisitions
11.2.3 New Product Developments

12 Company Profiles
12.1 SABIC
12.1.1 Business Overview
12.1.2 Products Offered
12.1.3 Recent Developments
12.1.4 SWOT Analysis
12.2 RTP Company
12.3 Ensinger Plastics
12.4 Solvay
12.5 Rochling Group
12.6 Kuraray Europe
12.7 Toray Industries
12.8 Mitsubishi Chemical Advanced Materials
12.9 Polymer Industries

For more information about this report visit https://www.researchandmarkets.com/r/5msex2

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