Press release
Polyetherimide Materials Market Forecast and Trends Analysis Research Report 2018-2028
Polyetherimide materials exhibit high heat stability at elevated temperatures and, therefore, are used as engineering materials. They are high-performance engineering materials that offer high strength, good electrical properties and dimensional stability at high temperatures. Polyetherimide materials also have good melt processing and good hydrolytic stability, owing to the presence of an ether group. The properties of polyetherimide materials can be altered by reinforcing them with materials such as glass and glass fibers.
Polyetherimide materials finds a wide range of applications in aerospace and automotive industries, which include aircraft structural parts, automotive structural parts and industrial machinery and equipment parts. They are also used in various electronics and electrical parts. These materials are largely preferred in aerospace and automotive industries, owing to their toughness, cleanness and transparency.
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Global Polyetherimide Materials Market Dynamics
Polyetherimide Materials Market Drivers
The rapid growth of the automotive industry has created an upsurge in demand for polyetherimide materials used in the manufacturing of automotive transmission components, bezels, ignition components, lamp sockets, throttle bodies, electromechanical systems and thermostat housings. Strong growth in the electrical and electronics market, with the increasing use of high performance plastics in the industry, is projected to support the demand for polyetherimide materials over the forecast period. The increasing demand for heat-resistant plastics from electrical and electronics applications and the increasing disposable income in developing countries are propelling the growth of the market. The rise in aircraft deliveries highlights the growth of the aerospace industry, which is also driving the demand for matrix composite materials. This expected to boost the demand for polyetherimide materials from structural applications in the aerospace and automotive industry.
Polyetherimide Materials Market Restraints
One of the major challenges faced by the global polyetherimide materials market is the high cost of these materials. At present, a few large players are predominant in the market scenario. The large players can rip out the benefits of economies of scale and therefore, make the entry of small players difficult.
Additionally, the presence of various alternative materials including lightweight metals and other polymers and plastics can deter the growth of the market to some extent. Environmental regulations that mandate the recycling of plastics are also restraining the growth of the the polyetherimide materials market.
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Polyetherimide Materials Market Trends
Automotive manufacturers are focusing on using lightweight materials for the manufacturing of components. Polyetherimide materials are preferred in the manufacturing of various automotive and automotive electronic components. The rise in the automotive industry in emerging economies is therefore pushing the demand for polyetherimide materials.
Strong growth in the global electrical and electronics market is propelling the demand for polyetherimide materials from various applications such as electrical motor parts, electrical switches, printed circuit boards, electrical controls and connectors.
Global Polyetherimide Materials Market: Regional Outlook
Automotive manufacturers are shifting from mature regions to emerging countries such as India and China. The global polyetherimide materials market is anticipated to be dominated by the Asia Pacific region with China leading the market in terms of both production and consumption. India is also anticipated to witness sound growth in the demand for polyetherimide materials, owing to the rapid growth in the automotive industry in the country. North America and Europe are collectively anticipated to hold a significant share in the polyetherimide materials market and the growth in the aerospace industry in the region is anticipated to further drive the demand in the coming years. Significant investments and economic recovery in Brazil and Argentina are projected to drive the Latin America polyetherimide materials market. The Middle East and Africa region is projected to witness moderate growth in the demand for polyetherimide materials over the forecast period, due to the initiatives being taken by various Middle East countries towards diversifying their economies.
Global Polyetherimide Materials Market: Market Participants
Examples of some of the market participants identified across the value chain of the global polyetherimide materials market are:
SABIC
Aikolon Oy
Emco Industrial Plastics
Quadrant Group of Companies
Westlake Plastics Company
Ensinger
Regal Plastics
Nationwide Plastics, Inc.
Total Plastics, Int'l
Eagle Performance Plastics, Inc.
RTP Company
Aetna Plastics Corp
SpecialChem
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This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
Market Dynamics
Market Size
Market Segments
Demand & Supply Trends
Current Issues and Challenges
Companies and Competitor Landscape
Value Chain
Technology
Regional Segments Analyzed Include
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
Highlights from the Report
Elaborated scenario of the parent market
Transformations in the market dynamics
Detailed segmentation of the target market
Historical, current and forecast market size based on value and volume
Latest industry developments and trends
Competition landscape
Strategies adopted by the market players and product developments made
Potential and niche segments, along with their regional analysis
Unbiased analysis on performance of the market
Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
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