Polyetherimide Market Share

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 2037. 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.