Polyetherimide Market size was over USD 537 Million in 2023 and is likely to cross USD 1.35 Billion by the end of 2036, growing at more than 7.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of polyetherimide is estimated at USD 572.76 Million. The growth of the market can be attributed to the escalating demand for polyetherimide in the aerospace industry backed by the higher manufacturing process of aircraft owing to growing air traffic across the globe. As of 2021, the number of passengers boarded by the global airline industry was anticipated to reach around 2 billion. Polyetherimide is used in the manufacturing of aerospace components since it is lightweight and reduces the utilization of metal parts.
In addition to these, global polyetherimide market trends such as rising demand for polyetherimide in the pharmaceutical industry are expected to influence the growth of the market positively over the forecast period. In the pharmaceutical industry, polyetherimide is used highly in making containers, manifolds, and others owing to its excellent properties. For instance, in 2021, the total revenue generated by the global pharmaceutical industry was anticipated to be around USD 1.5 trillion. Furthermore, the spiking utilization of polyetherimide in metal replacement is also estimated to expand the market size across the globe during the forecast period.
Growth Drivers
Growing Demand for Polyetherimide in Medical and Health Care – A higher demand for polyetherimide can be observed in medical and health care. PEI is used in the medical sector to fabricate reusable devices such as instrument trays, stopcocks, pipettes, and dental devices. It is anticipated to perform various sterilization techniques. Hence, the growth in medical expenditure is expected to hike the market growth over the forecast period. For instance, it was estimated that healthcare expenditure in the United States alone grew by approximately 3% in 2021.
Rising Requirement for Polyetherimide in the Electric & Electronics Industry – Polyetherimide is known to have excellent electrical properties such as increased rigidity and strength when exposed to significantly escalated temperatures. The most common application of polyetherimide in the electric & electronics industry are reflectors, connectors enclosures, and others. For instance, the total revenue generated by the electric & electronics industry is estimated to be around USD 100 billion in 2023.
Increasing Utilization of Polyetherimide in the Automotive Industry – Polyetherimide is a highly required component in the manufacturing of automotive components. These components are bezels, light reflectors, lightbulb sockets, and others. Hence, higher manufacturing of automobiles is expected to hike the market growth over the forecast period. For instance, it was estimated that in 2021, approximately 65 million units of automobiles were sold out across the globe.
Growing Aerospace Industry to Hike the Market Growth – The application of polyetherimide in aerospace are air and fuel valves, steering wheels, commercial airline food tray containers, interior cladding components, and others. Polyetherimide is considered to be the most suitable component for this sector since it is highly flame resistant.
Rising Utilization of Polyetherimide in Household Commodities to Boost Market Growth – Polyetherimide is highly flexible and which makes it quite convenient to take any sort of shape. It is generally used in the making of food trays, microwavable bowls, cooking utensils, and steam pans. For instance, the household care segment is projected to reach approximately USD 30 billion by the year 2027.
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
7.4% |
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Base Year Market Size (2023) |
USD 537 Million |
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Forecast Year Market Size (2036) |
USD 1.35 Billion |
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Regional Scope |
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Form (PEI Sheet, Rod, Granule, Film)
The global polyetherimide market is segmented and analyzed for demand and supply by form into PEI sheet, rod, granule, and film. Out of these segments, the PEI sheet segment is estimated to gain the largest market share in the year 2036. The growth of the segment can be attributed to the excellent thermal performance and high stiffness of PEI sheets making them suitable for multiple applications. It has remarkable dimensional stability in all sorts of environments and has fewer properties for moisture absorption. PEI sheets are lubricated with carbon fiber inside which makes them remarkable friction and wear characteristics. Other properties of PEI sheets are resistance to acids, flame retardant, and indifference to hot and steam water. It also comprises excellent dimensional stability. Owing to all these properties, PEI becomes suitable for adhesion for printed items, heated beds, tape and glue removal, and others. For instance, the bedroom furniture segment was projected to reach approximately USD 70 billion by the year 2027 worldwide.
Grade (Reinforced, Unreinforced)
The global polyetherimide market is also segmented and analyzed for demand and supply by grade into reinforced and unreinforced. Amongst these segments, the reinforced segment is expected to garner a significant share in the year 2036. The reinforced segment is expected to grow on the back of its higher capability to fulfill all sorts of engineering demands. This segment can be divided mainly into two types which are glass-reinforced and fiber reinforced. Reinforced PEI is known to have greater dimensional stability and enhanced electrical and mechanical properties that make it suitable for a wide range of properties. The reinforced grade is highly used in corrosion protection. It can carry the load and also offers strength and stiffness. Hence, all these properties are expected to hike the market growth over the forecast period.
Our in-depth analysis of the global market includes the following segments:
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By Form |
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By Grade |
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By End User |
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APAC Market Statistics
The Asia Pacific polyetherimide market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2036. The growth of the market can be attributed majorly to the rising urbanization, and rapid population growth in the region boosting the demand for food and beverage, pharmaceutical products, and others. Another report by the World Bank suggests that the population of South Asia has only witnessed a hike since 1960. In 2020, the population of the region was 1.857 billion, up from 1.836 billion in 2019. Apart from these, the surge in the growth of the aircraft parts and assembly manufacturing sector across the globe is also anticipated to drive the region’s market growth during the forecast period.
Europe Market Forecast
The European polyetherimide market, amongst the market in all the other regions, is projected to hold the second-largest share during the forecast period. The growth of the market can be attributed majorly to the increasing high usage of the product in the region’s healthcare sector and escalating awareness regarding chronic diseases. Polyetherimide is highly used in pharmaceutical products, drug delivery, sutures, and tissue engineering scaffolds. Polyetherimide has been observed to be used in therapy for removing excess substances from the blood in treatment for chronic kidney disease using a dialyzer. For instance, it was estimated that in 2021, approximately 35% of the population in Europe was suffering from chronic health problems.
North American Market Forecast
The North American polyetherimide market, amongst the market in all the other regions, is projected to hold a notable share during the forecast period. North America has the world’s most robust automotive industry driven by countries such as Canada and the United States. Hence, there is a higher demand for polyetherimide for lighting applications such as fog reflectors, light sockets, headlight reflectors, automotive disc brakes, and others. As of 2021, nearly 2.5 million passenger cars were assembled in the North American region.
Solvay SA unveiled its new service, Polycare Heat Therapy which is developed for bio-based thermoprotection in hair care. It comprises active ingredients that are most suitable to provide protection for hair from thermal damage owing to the higher utilization of hair styling appliances at very high temperatures.
RTP Company, Inc. made innovative plastic technology, RTP 2000 HC series, that is used to resist chemical attacks from hospital disinfectants. It is an excellent solution for the premature catastrophic failure of plastic devices.
Author Credits: Rajrani Baghel
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