Polyetherimide Market Trends

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

• High-Cost Associated with Polyetherimide
• When polyetherimide is compared with other thermoplastics, it is quite expensive. Polyetherimide needs high processing temperatures and high-quality material, hence, the processing cost of polyetherimide is increased rapidly.
• Lack of Colorability
• Attacked by Acetates, Polar Chlorinated Solvents, Aromatic Hydrocarbon