Asia-Pacific to Dominate Global Polyetherimide Market During Forecast Period
Growing demand for
polyetherimide in food, oil & gas and automotive industries to drive the
growth of global polyetherimide market during the forecast period
According
to TechSci Research report, “Global
Polyetherimide
Market By Form, By Grade, By Process
Type, By Application, By Region, Competition, Forecast & Opportunities,
2025”, global polyetherimide market is expected to register
significant CAGR over the forecast period on account of rising demand from
automotive sector and growing requirement for environmental control and smoke
emission reduction. Moreover, polyetherimide is being widely use in the food
industry as it has declared safe by FDA, which is anticipated to give a healthy
push to global polyetherimide market through 2025. Furthermore, owing to high
chemical resistance of PEI, it is extensively used in healthcare industry,
which is projected to further fuel the market growth over the coming years.
However, high manufacturing cost along with availability of substitute
materials might hamper the growth of global polyetherimide market during the
forecast period.
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"
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Global
polyetherimide market can be segmented based on form, grade, process type,
application and region. Considering the grade, the market is bifurcated into reinforced,
unreinforced. The reinforced segment is estimated to register high growth in
global polyetherimide market over the next 5 years which can be attributed to
its wide industrial applications in order to meet various engineering demands. Based
on form, the market is segregated into film, sheet, granule, tube and rod.
Among them, PEI sheet segment is anticipated to grow by witnessing highest CAGR
in the upcoming years. This growth is attributable to its use as high-performance
plastic material as it provides high strength & stiffness as well as good
thermal resistance.
SABIC,
RTP Company, Ensinger Plastics, Röchling Group, Kuraray Europe, Mitsubishi
Chemical Advanced Materials, Solvay SA, Toray Industries, Aikolon Oy, Quadrant
Group of Companies, among others are the leading players operating in global
polyetherimide market.
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“Asia-Pacific dominated the market in terms of largest market size until
2019 and is forecast to maintain its dominance during the next 5 years as well
on account of its rising population coupled with growing industrialization in developing
countries such as China and India. Moreover, increasing development &
innovation and surging demand for specialty polymers in the industrial sector is
expected to boost the regional market in the region through 2025.”, said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Polyetherimide Market By Form, By Grade, By
Process Type, By Application, By Region, Competition, Forecast &
Opportunities, 2025” has
evaluated the future growth potential of global polyetherimide market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global polyetherimide market.
Contact
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