Polyetherimide (PEI) Market worth $714 million by 2024 - PowerPoint PPT Presentation

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Polyetherimide (PEI) Market worth $714 million by 2024

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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. The increasing demand from the transportation sector, electrification of vehicles, and replacement of metals and specialty polymers with PEI in heat resistance applications are expected to drive the market. – PowerPoint PPT presentation

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Title: 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.
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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.
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3
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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.

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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?

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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
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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
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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8
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9
About Us
MarketsandMarkets provides quantified B2B
research on 30,000 high growth emerging
opportunities/threats which will impact 70 to
80 of worldwide companies' revenues. Currently
servicing 7500 customers worldwide including 80
of global Fortune 1000 companies as clients.
Almost 75,000 top officers across eight
industries worldwide approach Markets and
Markets for their pain points around revenues
decisions. MarketsandMarketss flagship
competitive intelligence and market research
platform, "Knowledgestore" connects over 200,000
markets and entire value chains for deeper
understanding of the unmet insights along with
market sizing and forecasts of niche markets.
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How Markets Markets is different?
  • Most-detailed market segmentation in the industry
  • In-depth analysis of patents and profiles of key
    market players providing a competitive landscape
  • Market data for segments such as technologies,
    services applications across geographies
  • High level analysis of major market segments and
    identification of opportunities.

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11
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INC.  630 Dundee Road, Suite 430  Northbrook, IL
60062  USA 1-888-600-6441  sales_at_marketsandmarke
ts.com
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