Polyetherimide Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Polyetherimide Market in 2025 is assessed at USD 613.2 million. The global Market size crossed USD 578.49 million in 2024 and is likely to register a CAGR of over 7.5%, exceeding USD 1.48 billion revenue by 2037. Asia Pacific is projected to record largest share by 2037, fueled by rising urbanization and rapid population growth, boosting demand for various products including food, beverages, and pharmaceuticals.
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.
