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Polyetherimide Market Size (2024 - 2029)

The polyetherimide market is projected to experience significant growth over the forecast period, driven by recovery in trade and industrial activities post-pandemic. The electrical and electronics sector is anticipated to be the primary driver of market expansion, while the aerospace industry presents additional opportunities due to the rising demand for heat-resistant plastics. Despite challenges posed by high raw material costs affecting production consistency, the Asia-Pacific region is expected to lead in market size and growth, fueled by increased consumption in countries like China, India, and Japan.

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Market Size of Polyetherimide Industry

Polyetherimide Market Summary
Study Period 2019-2029
Market Size (2024) USD 663.10 Million
Market Size (2029) USD 910.20 Million
CAGR (2024 - 2029) > 6.50 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Polyetherimide Market Major Players

*Disclaimer: Major Players sorted in no particular order

Polyetherimide (PEI) Market Analysis

The Polyetherimide Market size is estimated at USD 663.10 million in 2024, and is expected to reach USD 910.20 million by 2029, growing at a CAGR of greater than 6.5% during the forecast period (2024-2029).

The COVID-19 pandemic has impacted the polyetherimide market in 2020 and 2021, driven by reduced economic and commercial activities. Declines in construction and industrial output kept the demand low, but recovery is anticipated with revived trade and government guidelines during the forecast period.

  • The electrical and electronics industry is expected to dominate the global polyetherimide market over the forecast period due to the increasing consumption from the sector.
  • On the flip side, polyetherimide has high raw material prices that are a hindrance to the growth of the market studied, leading to inconsistency in the production quality and production volume.
  • The increasing need for heat-resistant plastics in the aerospace sector is expected to create lucrative opportunities for the global market.
  • The Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period, owing to the increasing consumption from countries such as China, India, and Japan.

Polyetherimide (PEI) Industry Segmentation

Polyetherimide is a high-performing polymer having ether links & imide groups in the polymer chain. Furthermore, the product is utilized in high-temperature applications in which heat dissipation is necessary. Apparently, the creep-resisting and flame-resisting features of the product have made it more popular as thermally conductive plastic.

The polyetherimide market is segmented by grade, end-user industry, and geography. By grade, the market is segmented into reinforced and unreinforced. By end-user industry, the market is segmented into transportation, electrical and electronics, consumer goods, healthcare, household and industrial appliances, and others. The report also covers the market size and forecasts for the polyetherimide market for 27 major countries across the major region. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD).

Grade
Reinforced
Unreinforced
End-User Industry
Transportation
Electrical and Electronics
Consumer Goods
Healthcare
Household and Industrial Appliances
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Malaysia
Thailand
Indonesia
Vietnam
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Spain
NORDIC
Turkey
Russia
Rest of Europe
South America
Brazil
Argentina
Colombia
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Nigeria
Qatar
Egypt
UAE
Rest of Middle-East and Africa
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Polyetherimide Market Size Summary

The polyetherimide market is poised for significant growth, driven by its exceptional properties such as high thermal resistance and electrical performance, making it a preferred choice in the electrical and electronics industry. The market is recovering from the setbacks caused by the COVID-19 pandemic, which had led to reduced demand due to decreased industrial and construction activities. The Asia-Pacific region, particularly countries like China, India, and Japan, is expected to lead the market, fueled by the burgeoning electronics manufacturing sector and increasing demand for heat-resistant plastics in aerospace applications. Despite challenges such as high raw material costs affecting production consistency, the market is set to expand, with the electronics and electrical industry being a major contributor to this growth.

The global polyetherimide market is characterized by a partially consolidated landscape, with key players like RTP Company, SABIC, and the Mitsubishi Chemical Group playing significant roles. These companies are actively involved in expanding their product offerings to meet the evolving demands of various industries. For instance, SABIC's recent expansion of its ULTEM resin portfolio aims to enhance the adoption of advanced fiber optics technologies. The market's growth trajectory is supported by increasing consumer expenditure on technology services, particularly in the US, and the rapid expansion of the electronics industry in India. Additionally, developments in semiconductor technology, such as TSMC's advanced 3nm process, are expected to further drive the demand for polyetherimide, highlighting its critical role in supporting high-performance applications across multiple sectors.

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Polyetherimide Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand from the Transportation Industry

      2. 1.1.2 Rapid Growth in the Automotive Sector

      3. 1.1.3 Increasing Usage in Healthcare Sector

    2. 1.2 Restraints

      1. 1.2.1 High Price When Compared to the Conventional Polymers

      2. 1.2.2 Availability of Substitute Materials

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size In Value)

    1. 2.1 Grade

      1. 2.1.1 Reinforced

      2. 2.1.2 Unreinforced

    2. 2.2 End-User Industry

      1. 2.2.1 Transportation

      2. 2.2.2 Electrical and Electronics

      3. 2.2.3 Consumer Goods

      4. 2.2.4 Healthcare

      5. 2.2.5 Household and Industrial Appliances

      6. 2.2.6 Others

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Malaysia

        6. 2.3.1.6 Thailand

        7. 2.3.1.7 Indonesia

        8. 2.3.1.8 Vietnam

        9. 2.3.1.9 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Spain

        6. 2.3.3.6 NORDIC

        7. 2.3.3.7 Turkey

        8. 2.3.3.8 Russia

        9. 2.3.3.9 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Colombia

        4. 2.3.4.4 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Nigeria

        4. 2.3.5.4 Qatar

        5. 2.3.5.5 Egypt

        6. 2.3.5.6 UAE

        7. 2.3.5.7 Rest of Middle-East and Africa

Polyetherimide Market Size FAQs

The Polyetherimide Market size is expected to reach USD 663.10 million in 2024 and grow at a CAGR of greater than 6.5% to reach USD 910.20 million by 2029.

In 2024, the Polyetherimide Market size is expected to reach USD 663.10 million.

Polyetherimide (PEI) Market Report Snapshots

Polyetherimide Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)