Global Polyetherimide Market Outlook to 2028

Global Polyetherimide Market Overview

The Global Polyetherimide Market was valued at USD 630 million in 2023. This market is driven by increasing demand from various sectors such as automotive, aerospace, electronics, and healthcare, where polyetherimide is used for its excellent thermal stability, flame retardancy, and mechanical properties.

Major players in the global polyetherimide market include SABIC, Ensinger, RTP Company, Mitsubishi Chemical Corporation, and Quadrant Group. These companies lead the market with their extensive product portfolios, continuous innovation, and strategic investments in expanding production capacities.

In 2023, SABIC announced an expansion of its polyetherimide production capacity at its Mount Vernon facility in Indiana, USA, with an investment of USD 300 million. This expansion aims to increase the company's production capacity by 20%, reflecting the growing demand for polyetherimide in the automotive and aerospace sectors.

North America dominated the global polyetherimide market due to the high demand from the aerospace and automotive sectors, substantial investments in research and development, and the presence of major market players. The region's robust industrial base and focus on technological advancements further consolidate North America's leading position in this market.

Global Polyetherimide Market Segmentation

The global polyetherimide market is segmented by product type, end-user industry, and region.

By Region: The global polyetherimide market is segmented by region into North America, Europe, Asia-Pacific (APAC), Latin America, and the Middle East & Africa (MEA). North America held the largest share in 2023, with 35% of the market, primarily due to its advanced manufacturing sector and significant demand from automotive and aerospace industries.

By Product Type: The market is segmented into unfilled, reinforced, and glass-filled polyetherimide. In 2023, glass-filled polyetherimide held the highest market share, driven by its superior mechanical properties, such as increased stiffness and strength, making it ideal for high-performance applications in automotive and aerospace industries.

By End-User Industry: The polyetherimide market is segmented by end-user industry into automotive, aerospace, electronics, and medical. The automotive segment accounted for the largest share in 2023, with 38% of the market. The growing demand for lightweight materials to improve fuel efficiency and reduce emissions is driving this trend.

Global Polyetherimide Market Competitive Landscape

Company

Establishment Year

Headquarters

SABIC

1976

Riyadh, Saudi Arabia

Ensinger

1966

Nufringen, Germany

RTP Company

1982

Winona, USA

Mitsubishi Chemical Corporation

1933

Tokyo, Japan

Quadrant Group

1956

Zurich, Switzerland

Ensinger: In 2023, Ensinger significantly increased its production capabilities by investing USD 11 million in a new high-performance double belt press at its facility in Rottenburg-Ergenzingen. This investment aims to mass-produce fiber-reinforced composites using thermoplastics, which can withstand temperatures up to 400C.

Quadrant Group: In 2024, Quadrant Technologies, part of the Quadrant Group, was named a finalist for the Microsoft Azure Partner of the Year Awards. This recognition underscores their commitment to innovation and customer solutions, which may indirectly impact their market presence in sectors like polyetherimide by enhancing their technological capabilities

Global Polyetherimide Market Analysis

Global Polyetherimide Market Growth Drivers:

Increased Demand in the Aerospace Sector: The aerospace industry is experiencing a significant surge in demand for polyetherimide (PEI) due to its lightweight and flame-resistant properties, which are essential for aircraft manufacturing. In 2024, the global airline industry is projected to handle approximately 4.5 billion passengers, indicating a growth trajectory for air travel.

Expansion in the Medical Devices Industry: In 2024, the global medical devices market is estimated to reach USD 580 billion, with a notable increase in the use of polyetherimide for manufacturing medical devices such as surgical instruments, orthopedic implants, and dental devices. The medical devices industry is increasingly adopting polyetherimide due to its biocompatibility and sterilization resistance.

Advancements in Electrical and Electronics Sector: The global electrical and electronics market is another significant driver for polyetherimide demand. In 2024, the electronics industry is expected to produce over 3 billion units of consumer electronics, including smartphones, laptops, and wearables, which require materials with excellent electrical insulation and flame-retardant properties.

Global Polyetherimide Market Challenges:

High Production Costs: One of the primary challenges facing the polyetherimide market is the high cost of production. The material requires advanced processing technologies and specialized equipment, leading to higher manufacturing expenses compared to other engineering plastics. This cost barrier limits the material's adoption in price-sensitive applications, particularly in emerging markets where cost-efficiency is a major concern.

Environmental Regulations and Sustainability Concerns: Increasing environmental regulations and sustainability concerns present another challenge for the polyetherimide market. In 2024, the European Union and the United States are expected to implement stricter regulations on plastic waste and emissions, requiring manufacturers to adopt more sustainable practices.

Global Polyetherimide Market Government Initiatives:

European Union's Horizon 2024 Program: The European Union has launched the Horizon program, which was allocated a total budget of 95.5 billion for research and development in advanced materials, including polyetherimide. The 2023-2024 work program specifically earmarks around 13.5 billion for research and innovation, focusing on critical areas such as climate, energy, and mobility, which supports the EU's climate goals and enhances energy resilience.

U.S. Department of Energy's Clean Energy Initiative: In 2023, the U.S. Department of Energy (DOE) made significant investments in clean energy initiatives, allocatingover $1 billionin funding opportunities aimed at facilitating the clean energy transition. This funding encompasses a wide range of projects, including research and development, and is intended to support the deployment of emerging technologies in renewable energy.

Global Polyetherimide Market Future Market Outlook

The Global Polyetherimide Market is expected to grow substantially over the coming years, driven by advancements in cloud computing, the increasing demand for centralized Polyetherimide, and the growing focus on employee experience.

Growth in Electric Vehicle Applications: By 2028, global EV production is projected to reach 25 million units annually, with polyetherimide playing a crucial role in battery components, power electronics, and thermal management systems. The material's superior thermal stability and electrical insulation properties make it ideal for use in EVs, where safety and performance are critical.

Advancements in Sustainable Manufacturing Processes: By 2028, companies are likely to adopt more energy-efficient production methods and invest in recycling technologies to reduce the environmental impact of polyetherimide production. The development of bio-based polyetherimide, derived from renewable resources, is also expected to gain traction as companies seek to meet consumer demands for sustainable products.
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