Polyetherimide (PEI) Market | Key players operating in the market include SABIC, RTP Company, Ensinger Plastics, Röchling Group, Kuraray Europe, Mitsubishi Chemical Advanced Materials, Solvay SA, and Toray Industries

According to recent market research "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.
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.

Browse 161 market data Tables and 40 Figures spread through 150 Pages and in-depth TOC on "Polyetherimide (PEI) Market - Global Forecast to 2024 "
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/polyetherimide-market-264439177.html

PEI 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. The global PEI market is estimated to grow from USD 522 million in 2019 to USD 714 million by 2024, at a CAGR of 6.5% during the forecast period.

APAC is projected to be the fastest-growing PEI market during the forecast period. According to the IMF, the growth in APAC will remain robust, with the GDP growth rate estimated at 5.1% in 2019. There is an increase in the consumption of PEI in various applications due to continued industrialization and growth in the transportation, electronics, and medical sectors of the region. In addition, growing innovation & development and the rising demand for specialty polymers in the industrial sector are driving the use of PEI.

For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=264439177

The global market size of PEI is projected to grow from USD 522 million in 2019 to USD 714 million by 2024, at a compound annual growth rate (CAGR) of 6.5% during the forecast period. The major driving factors for the market are increased demand from the transportation sector, electrification of vehicles, and growth in the emerging economies. PEI is widely used to meet weight reduction requirements and increased compactness in under-the-hood components that requires high heat resistance
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), and Toray Industries (Japan). These players adopted expansions, acquisitions, and new product developments as their key growth strategies between 2017 and 2018, which helped them increase their capacities and cater to the widening customer base.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=264439177

SABIC (Saudi Arabia) 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. SABIC 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 an extended 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.

In March 2018, RTP Company started a new 86,000 square foot manufacturing facility in Wroclaw, Poland; and this will help the company to support the regional demand and will offer a consistent supply in Europe. In March 2017, The Röchling Group inaugurated its second plant in Vadodara with an investment of around USD 2.87 million. This expansion will help the company to grow its roots in the Indian subcontinent and meet the demand of the region.

Contact:

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/polyetherimide.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/microchannel-heat-exchanger-market.asp

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche 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 MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s 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.

This release was published on openPR.