Polyetherimide (PEI) Market worth $714 million by 2024

1. Polyetherimide (PEI) Market worth $714 million by 2024 The report "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" The PEI market size is estimated to grow from USD 522 million in 2019 to USD 714 million by 2024, at a CAGR of 6.5% between 2019 and 2024. View Full Report : https://www.marketsandmarkets.com/Market-Reports/polyetherimide-market-264439177.html

2. Introduction Polyetherimide is a high-performance polymer with both ether links and imide groups in its polymer chain. It is used in high-temperature applications where fast dissipation of heat is essential. Due to its creep resistance, low smoke emission, and flame resistance, the demand for PEI as a thermally conductive plastic has increased significantly. PEI, along with thermally conductive fillers, is a cost-effective solution to metals due to lesser manufacturing steps and joints. PEI is widely used as an alternative to metals in compact electronic gadgets, as it increases the performance of compact electronics by heat dissipation. In addition to the electronics industry, PEI is used in transportation, medical, consumer good, and industrial end-use industries. View Full Report : https://www.marketsandmarkets.com/Market-Reports/polyetherimide-market-264439177.html

4. Recent Developments SABIC (Saudi Arabia) launched polyetherimide (PEI) film - ULTEM film UTF120. This new product is designed to address the increasing need for high energy density capacitors that can store a large amount of electrical energy for a long period without the loss of charge. This product has application in the electrical & electronics end-use industry. Potential applications of the product include automotive components, electrical compressors, LED lighting, and LCD backlight in electronics and film capacitors in renewable energy. SABIC announced plans to expand capacity for ULTEM resin production in Singapore, aiming to increase global production by 50%. This has helped the company to localize its production for customers in Asia and meet increasing customer demands. View Full Report : https://www.marketsandmarkets.com/Market-Reports/polyetherimide-market-264439177.html

5. Key Questions Addressed by the Report What are the global demand trends for PEI? Will the market witness an increase or decline in demand in the coming years? What is the estimated demand for PEI? Which type is used the most in end-use industries? What were the revenue pockets for the polyetherimide (PEI) market in 2018? What are the upcoming technologies/product areas that will have a significant impact on the market in the future? Who are the major PEI manufacturers, globally? View Full Report : https://www.marketsandmarkets.com/Market-Reports/polyetherimide-market-264439177.html

6. Key Participants The leading players in the PEI market are SABIC (Saudi Arabia), RTP Company (US), Ensinger Plastics (Germany), Röchling Group (Germany), Kuraray Europe (Germany) Mitsubishi Chemical Advanced Materials (Japan), Solvay SA (Belgium), (Denmark), and Toray Industries (Japan). Speak with Analyst View Full Report : https://www.marketsandmarkets.com/Market-Reports/polyetherimide-market-264439177.html

7. On The Basis Of Region: “Europe to account for the largest share in the PEI market during the forecast period.” The key countries contributing to the growth of the PEI market in Europe are Germany, France, the UK, Italy, and Spain. Favorable government policies are expected to provide growth opportunities for R&D in the electronics & semiconductor and automotive industries in these countries. The growth in R&D investment in the region is mainly driven by the automotive, information and communications technology (ICT), and healthcare industries, which is expected to boost the demand for PEI in the region. Download PDF View Full Report : https://www.marketsandmarkets.com/Market-Reports/polyetherimide-market-264439177.html

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