Market Size of Polyetherimide Industry
| Study Period | 2019-2029 |
| Market Size (2024) | USD 663.10 Million |
| Market Size (2029) | USD 910.20 Million |
| CAGR (2024 - 2029) | > 6.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Polyetherimide (PEI) Market Analysis
The Polyetherimide Market size is estimated at USD 663.10 million in 2024, and is expected to reach USD 910.20 million by 2029, growing at a CAGR of greater than 6.5% during the forecast period (2024-2029).
The COVID-19 pandemic has impacted the polyetherimide market in 2020 and 2021, driven by reduced economic and commercial activities. Declines in construction and industrial output kept the demand low, but recovery is anticipated with revived trade and government guidelines during the forecast period.
- The electrical and electronics industry is expected to dominate the global polyetherimide market over the forecast period due to the increasing consumption from the sector.
- On the flip side, polyetherimide has high raw material prices that are a hindrance to the growth of the market studied, leading to inconsistency in the production quality and production volume.
- The increasing need for heat-resistant plastics in the aerospace sector is expected to create lucrative opportunities for the global market.
- The Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period, owing to the increasing consumption from countries such as China, India, and Japan.
