Polyetherimide (PEI) Market worth $714 million by 2024

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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.
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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.
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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.

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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?

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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).
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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
RD in the electronics semiconductor and
automotive industries in these countries. The
growth in RD 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.
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