The Polyetherimide (PEI) Market is expected to grow at > 6.8% during 2021-2026, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Polyetherimide (PEI) Market
Polyetherimide (PEI) Market is likely to witness an impressive CAGR of 6.8% during the forecast period. The prime factor that is contributing to the demand for polyetherimide (PEI) is mainly the increasing usage of high-performance polymer in various heat resistant applications, such as transportation and industrial. Further, owing to its lesser manufacturing steps and joints, PEI, along with thermally conductive fillers, remains a cost-effective solution to metals. It is extensively used as an alternative to metals in compact electronic gadgets, as it enhances the performance of compact electronics by dissipating heat. Besides the electronics industry, PEI is employed in various end-use industries, such as transportation, medical, consumer good, and industrial. All these factors are expected to underpin the growth of the market during the forecast period.
Asia-Pacific is estimated to be the largest market for polyetherimide (PEI) during the forecast period, with China, Japan, and India, being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of various end-use industries, such as industrial, transportation, electronics, and medical, which is generating enormous demand for polyetherimide (PEI). Further, the growing demand for specialty polymers in industrial sector and the presence of a large number of polyetherimide (PEI) manufacturers in the Asia-Pacific region are propelling the growth of the market. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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Market Scope & Market Segmentation
Polyetherimide (PEI) Market Share: By End-Use Industry Type
Based on the end-use industry type, the market is segmented as transportation, electrical & electronics, medical, consumer goods, industrial, and others. The automotive subsegment under the segment of transportation held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The wide use of PEI in this application is increasing due to surge in demand for electric vehicles, reduction in weight, and fuel-efficient products, which is contributing to the growth of the segment.
Polyetherimide (PEI) Market Share: By Grade Type
Based on the grade type, the polyetherimide (PEI) market is segmented as reinforced and unreinforced. The reinforced PEI segment dominates the market as it is considered to fulfill various engineering demands. Further, it is classified into two types, as glass-reinforced and fibre- reinforced PEIs; which provide greater dimensional stability and higher mechanical strength. Fibre-reinforced PEI is preferred in various applications to prevent products from corrosion, assist in carrying load, and also, provide strength and stiffness.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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