Global Polyetherimide Market: Overview
Polyetherimide is a heat-resistant and transparent thermoplastic used in the manufacturing of automotive interior components. It finds applications in a number of industries owing to its excellent electrical, thermal, and mechanical properties. The global polyetherimide market is expected to grow steadily over the next five years. Recent advancements in the electrical infrastructure have highly contributed to the market’s expansion.
The forthcoming Transparency Market Research report gives an exhaustive understanding of the current trends in the market. It covers the geographical distribution and offers insights on drivers and restraints in the market. Further, it talks about the strategies adopted by the key players in the market and ascertains the recent developments.
Global Polyetherimide Market: Drivers and Restraints
Rapid growth in the automotive sector has surged the demand for high-performance plastics. This has favorably impacted the production of polyetherimide leading to an expansion of the global polyetherimide market. PEI’s applications in the oil and gas industry have also driven the market’s growth.
Further, an increasing need for environmental control and reduction in smoke emissions has propelled the market’s growth. Industrialization has caused a dramatic increase in smoke emission. This has resulted in governments laying down stringent regulations for pollution control, thus promoting the use of PEI.
Polyetherimide finds diverse applications in the food industry as the FDA has declared it as safe. Consequently, expansion of the global food industry has majorly contributed to the growth of polyetherimide market. Moreover, a rise in demand for heat-resistant plastics in aerospace and electronics industry has fortified the market’s growth.
In addition to the aforementioned factors, rising disposable income and purchasing power in the developing economies has ushered the global polyetherimide market. Furthermore, PEI is extensively used in the healthcare industry owing to its high chemical resistance. This has supported the global polyetherimide market, thereby expediting its growth.
However, along with the drivers, there are a few challenges that may hamper the global polyetherimide market. Factors such as a high manufacturing cost may hinder the market’s growth. In addition to this, availability of substitute materials may cause a shortfall in the market. Nevertheless, researchers are working on enhancing their products’ performances. This will surely promote the use of PEI, thus facilitating an expansion of the market.
Global Polyetherimide Market: Geographical Distribution
Asia Pacific is expected to dominate the global polyetherimide market owing to an expansion in the automotive industry. China is perceived to lead the market in this region on account of a rising demand. Europe is expected to hold a major share in the market owing to a growing awareness about the product. Italy, France, UK and Germany drive the market’s growth in this region. The Middle East is expected to grow moderately during the forecast period owing to an increasing demand for polyetherimide materials.
Global Polyetherimide Market: Competitive Landscape
Major players operating in the global polyetherimide market are Quadrant Group, RTP Company, Mitsui Chemicals, SABIC, Ensinger, and Inc. These companies are deploying aggressive marketing strategies to strengthen their position in the market. Additionally, they are working on enhancing their production capacity to meet an increasing demand for the polyetherimide materials. They are also engaging in research and development activities to improve the product performance.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.