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Worldwide Analysis on the Polyetherimide (PEI) Market 2019-2024 - Emerging Applications of PEI Spur Lucrative Opportunities

/EIN News/ -- Dublin, June 25, 2019 (GLOBE NEWSWIRE) -- 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's offering.

This research report categorizes the global PEI market on the basis of form, grade, process type, end-use industry, and region. The report includes detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints, challenges, and opportunities.

Detailed analysis of the key market players provides insights into business overviews, services, key strategies, and recent developments associated with the market.

Market Insights

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 market for high heat-resistant plastics is emerging, and unlike its parent market, plastics, the growth rate is significant.

The healthy growth of the PEI market is because of the increasing need for heat dissipation requirements in various applications such as LEDs, medical devices, cooling & heating systems, and consumer electronic housings.

Apart from this, the increasing demand for a lightweight and cost-effective alternative to metals and other specialty polymers for use as heat resistance in various end-use industries is driving the market for PEI.

The leading players of the PEI market are SABIC (Saudi Arabia), RTP Company (US), Ensinger Plastics (Germany), Rochling Group (Germany), Kuraray Europe (Germany), Solvay (Belgium), and Westlake Plastics (France). These players have adopted expansions, acquisitions, and new product developments as their key growth strategies.

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 Key Data From Secondary Sources
2.1.2 Primary Data Key Data From Primary Sources Key Industry Insights 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 Increasing Demand From the Transportation Sector Consumption of PEI Over Metals and Other Conventional Polymers Electrification of Vehicles Growth in Emerging Economies
5.2.2 Restraints Lower Thermal Conductivity Than Traditional Materials Increasing Competition From Hybrid Polymers and Composites
5.2.3 Opportunities Emerging Applications of PEI
5.2.4 Challenges 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 The Increase in Consumption of Heat-Resistant Polymers in Automotive Applications is Augmenting the Market Growth
9.2.2 Aerospace 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 Increase in Healthcare Expenditure and Aircraft Production, Along With the Presence of PEI Manufacturers, are Projected to Drive the Market
10.2.2 Canada 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 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 Increasing Investment in Energy-Efficient Products and the Healthcare Sector are Expected to Drive the Demand for PEI
10.3.2 UK Growth in the Transportation Sector is Likely to Increase the Demand for PEI
10.3.3 France Focus on High Value-Added Technologies is Contributing to the Market Growth
10.3.4 Italy Increasing Advancement and Production of Power Electronics, Electric & Hybrid Drivetrains, and Electric Motors are Boosting the Demand for PEI
10.3.5 Spain 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 Programs Such as Made in China 2025 are Expected to Drive the Market for PEI
10.4.2 India Favorable Government Regulations and the Growing Economy of India are Aiding Market Growth
10.4.3 Japan Growing Medical & Healthcare Infrastructure is Increasing the Demand for PEI
10.4.4 South Korea 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 Government's Plan to Launch Business-Friendly Programs to Boost Its Economy is Driving the PEI Market
10.5.2 Saudi Arabia 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 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

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Related Topics: Plastic Additives