The Polyetherimide (PEI) Market is projected to grow from USD 522 million in 2019 to USD 714 million by 2024, at a CAGR of 6.5% during the forecast period. PEI is a high-performance polymer with both ether links and imide groups in its polymer chain. It is used in high-temperature applications where fast dissipation of heat is essential. Due to its creep resistance, low smoke emission, and flame resistance, the demand for PEI as a thermally conductive plastic has increased significantly. PEI, along with thermally conductive fillers, is a cost-effective solution to metals due to lesser manufacturing steps and joints. PEI is widely used as an alternative to metals in compact electronic gadgets, as it increases the performance of compact electronics by heat dissipation. In addition to the electronics industry, PEI is used in transportation, medical, consumer good, and industrial end-use industries.
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The key countries contributing to the growth of the PEI market in Europe are Germany, France, the UK, Italy, and Spain. Favorable government policies are expected to provide growth opportunities for R&D in the electronics & semiconductor and automotive industries in these countries. The growth in R&D investment in the region is mainly driven by the automotive, information and communications technology (ICT), and healthcare industries, which is expected to boost the demand for PEI in the region.
Recent Developments
- SABIC (Saudi Arabia) launched polyetherimide (PEI) film – ULTEM film UTF120. This new product is designed to address the increasing need for high energy density capacitors that can store a large amount of electrical energy for a long period without the loss of charge. This product has application in the electrical & electronics end-use industry. Potential applications of the product include automotive components, electrical compressors, LED lighting, and LCD backlight in electronics and film capacitors in renewable energy.
- SABIC announced plans to expand capacity for ULTEM resin production in Singapore, aiming to increase global production by 50%. This has helped the company to localize its production for customers in Asia and meet increasing customer demands.
- RTP Company started a new 86,000 square foot manufacturing facility in Wroclaw, Poland, and this will help the company to support the regional demand and will offer a consistent supply in Europe.
- The Röchling Group inaugurated its second plant in Vadodara with an investment of around 200 million rupees. This expansion will help the company to grow its roots in the Indian subcontinent and meet the demand of the region.
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