Global Market Insights, Inc. has recently added a new 2019-2025 report on polyetherimide market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of polyetherimide (PEI) industry.
— Germany polyetherimide market is expected to observe substantial gains over 5.5% in the projected timeline. The product is FDA and USP Class VI compliant. This makes it suitable to be used in pharmaceutical industry. Increasing healthcare awareness and government policies will stimulate pharmaceutical industry market hence, boosting product demand.
The U.S. polyetherimide market size may register significant gains over 5% by 2025. PEI is utilized in petroleum operations as it is thermal and chemical resistant. Rising shale gas production in the country will foster PEI demand.
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What are the Polyetherimide Market Regional Growth drivers?
1 North America: Growing aviation industry may cater to product demand
2.1 PEI utilization in automotives may propel market growth
2.2 Growing product utilization in food handling
3 Asia Pacific: Rising electronics market in region may propel PEI market growth
China and Japan both countries are expected witness significant growth at over 5.5% by the end of 2025. The product being food contact acceptable and chemical resistant is widely utilized in kitchenware and appliances. Growing consumer awareness and standard of living in the country will promote PEI demand. Increasing number of quality conscious consumers in the region will boost polyetherimide market profitability.
What Are the Polyetherimide Market Trends by Application From 2019 To 2025?
Global polyetherimide market size from electronics application is anticipated to exceed USD 165 million in the forecast timeline. Its properties including high deformation resistance, self-extinguishing, low flammability & outgassing finds its applications to manufacture electronic and electrical insulators. Rapid developments including Internet of Things and artificial intelligence will foster product demand.
Browse key industry insights spread across 950 pages with 1681 market data tables & 21 figures & charts from the report, “Polyetherimide (PEI) Market Size By Grade (Unreinforced, Reinforced [Glass Fibre, Carbon Fibre]),By Form (Sheet, Rod, Granule, Film), By Application (Automotive [Under hood components, Automotive Interior, Fuel systems, Bumper], Aerospace [Interiors, Antenna Construction], Electronics [Semi-Conductors, Switches, Coils & Fuses], Pharmaceutical [Surgical Probes, Fixtures], Industrial [Fluid Handling, Oil & Gas, Telecom & Communication, Marine Cleats], Consumer [Appliances, Kitchenware], Food), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Poland, Russia, China, India, Japan, South Korea, Australia, Malaysia, Thailand, Brazil, Saudi Arabia, UAE, Morocco, Iran, South Africa), Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
Global polyetherimide industry size from automotive application is anticipated to surpass USD 290 million by 2025. Growing PEI demand in automotive components including gears, interiors, bumpers, and fuel systems owing to its low cost and light weight as compared to metals including aluminum will foster PEI demand.
Global PEI market size from granule form is anticipated to surpass USD 450 million by 2025. The product being eco-compliant and fit for food contact applications is utilized in food & beverage packaging industry. Global packaged food industry is estimated to grow at 4.5% by 2020 due to rising demand of ready-to-cook foodstuff. This factor will enhance the industry growth.
Global carbon fiber reinforced polyetherimide industry size may witness significant gains over 5% up to 2025. The product is utilized to manufacture aircraft components including aileron ribs due to its increased strength and stiffness. Global commercial aircraft industry is estimated to grow at 2.5% by 2025 owing to rising air travel affluence hence, fostering PEI demand.
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Polyetherimide market share is moderately consolidated with key industry participants including RTP Company, Mitsubishi Chemical, Nationwide Plastics, Centroplast Engineering, and Röchling Group, SABIC. Manufacturers are making heavy investments in R&D, product innovation and capacity expansion in order to cater increasing market growth.
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