5 Latest Development in Polyetherimide (PEI) Market

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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Glass Filled Nylon Market worth $10.8 billion by 2024, at a CAGR of 5.8%

 

The glass filled nylon market size is estimated to grow from USD 8.2 billion in 2019 to USD 10.8 billion by 2024, at a CAGR of 5.8% during the forecast period. The glass filled nylon market is witnessing significant growth because of the growing demand from industries such as industrial, automotive, and electrical & electronics. Glass filled nylon provides various superior properties such as high strength, dimensional stability, high creep resistance, and chemical resistance.

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The automotive end-use segment accounted for the largest share of the glass filled nylon market

Automotive is an important end-use industry segment of the glass filled nylon market. Glass filled nylon is an ideal solution for vehicle weight reduction. It is fast replacing metal parts in the automotive industry due to the ease of mass production as well as ease in molding it. Polyamides are also cheaper in unit cost in comparison to metals, which make them an economic alternative. Glass filled nylon is used in applications such as automotive engine covers, parts inside the engine compartment, and under the bonnet of cars.

Polyamide 6 is the most widely used glass filled nylon

Polyamide 6 is the most widely used polymer in the making of glass filled nylon. In terms of value and volume, polyamide 6 is the most widely used glass filled nylon due to its easy availability and low price. It also offers superior properties such as good tensile strength, high mechanical strength, and chemical resistance. These properties make polyamide 6 based glass filled nylon suitable for various applications in the automotive and electrical & electronics industries.

APAC is the largest glass filled nylon market, in terms of value and volume. China, India, and Japan are the fast-growing economies that contribute to the growth of the market in the region. The booming electrical & electronics and industrial sectors are also bolstering the glass filled nylon market in APAC. China is one of the prominent consumers of glass filled nylon in APAC. The country has become the single-largest consumer of glass filled nylon in the electrical & electronics industry, which is expected to strengthen its position further.

Major players in the glass filled nylon market include BASF SE (Germany), Asahi Kasei Corporation (Japan), Lanxess (Germany), DowDuPont Inc. (US), Royal DSM N.V. (Netherlands), Ensinger GmbH (Germany), Arkema (France), SABIC (Saudi Arabia), Evonik (Germany), and Ascend Performance Materials (US).

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Polyamide 6 is the most widely used glass filled nylon

Polyamide 6 is the most widely used polymer in the making of glass filled nylon. In terms of value and volume, Polyamide 6 is the most widely used glass filled nylon due to its easy availability and low price. It also offers superior properties such as good tensile strength, high mechanical strength, and chemical resistance. These properties make polyamide 6 based glass filled nylon widely used in the automotive and electrical & electronics industries.

The glass filled nylon market is projected to grow from USD 8.2 billion in 2019 to USD 10.8 billion by 2024, at a CAGR of 5.8% between 2019 and 2024. The market is growing due to the high demand from the automotive, industrial, and electrical & electronics industries.

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The optimum mix of properties of both polyamide resin and glass fiber, makes 30% glass filled nylon suitable for use in the automotive industry. It also provides high strength and rigidity. Several global glass filled nylon manufactures such as EMCO Industrial Plastics, Inc and Nylatech provide high grade 30% glass filled nylon.

Key Questions Addressed by the Study

• What are the major end-use industries of glass filled nylon?
• Which industry is the major consumer of glass filled nylon?
• Which region is the largest and fastest-growing market for glass filled nylon?
• What are the major types of glass filled nylon?

APAC is a key glass filled nylon market due to the booming electrical & electronics and industrial sectors. China is one of the key consumers of glass filled nylon in APAC. The country has become the single-largest consumer of glass filled nylon in the electrical & electronics industry and is expected to strengthen its market position.

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The glass filled nylon market comprises major manufacturers such as BASF SE (Germany), Asahi Kasei Corporation (Japan), Lanxess (Germany), DowDuPont Inc (US), Royal DSM N.V. (Netherlands), Ensinger GmbH (Germany), Arkema (France), SABIC (Saudi Arabia), Evonik (Germany), and Ascend Performance Materials (US).

Automotive is expected to the largest end-use industry of glass filled nylon Market between 2019 and 2024

The glass filled nylon market is projected to grow from USD 8.2 billion in 2019 to USD 10.8 billion by 2024, at a CAGR of 5.8% between 2019 and 2024. The market is growing due to the high demand from the automotive, industrial, and electrical & electronics industries.

Automotive is the largest end-use industry of glass filled nylon. Glass filled nylon is an ideal solution for vehicle weight reduction. It is fast replacing metal parts in the automotive industry due to the ease of mass production as well as ease in molding it. Polyamides are also cheaper in unit cost in comparison to metals, which make them an economic alternative. Glass filled nylon is used in applications such as automotive engine covers, parts inside the engine compartment, and under the bonnet of cars.

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Recent Developments

• In September 2017, BASF SE signed an agreement related to the sale of Solvay’s integrated polyamide business.
• In September 2018, Asahi Kasei Corporation acquired Sage Automotive Interiors Inc. and consolidated its glass filled nylon business.
• In October 2018, Lanxess launched a new polyamide to enhance its new product development capabilities and cater to the increasing demand for glass filled nylon.

Scope of the report

Report Metric	Details
Years considered for the study	2017–2024
Base year	2018
Forecast period	2019–2024
Units	Value (USD Million), Volume (Kiloton)
Segments	Type, Manufacturing Process, Glass Filling, End-Use Industry, and Region
Regions	North America, Europe, APAC, MEA, and Latin America
Companies	BASF SE (Germany), Asahi Kasei Corporation (Japan), Lanxess (Germany), DowDuPont Inc. (US), Royal DSM N.V. (Netherlands), Ensinger GmbH (Germany), Arkema (France), SABIC (Saudi Arabia), Evonik Industries (US), and Ascend Performance Materials (US).Total 20 major players covered.

APAC is expected to lead the glass filled nylon market during the forecast period.
APAC is a key glass filled nylon market due to the booming electrical & electronics and industrial sectors. China is one of the key consumers of glass filled nylon in APAC. The country has become the single-largest consumer of glass filled nylon in the electrical & electronics industry and is expected to strengthen its market position.

The glass filled nylon market comprises major manufacturers such as BASF SE (Germany), Asahi Kasei Corporation (Japan), Lanxess (Germany), DowDuPont Inc (US), Royal DSM N.V. (Netherlands), Ensinger GmbH (Germany), Arkema (France), SABIC (Saudi Arabia), Evonik (Germany), and Ascend Performance Materials (US).

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Polyetherimide (PEI) Market Trends & Technological Advancements by 2024

The Polyetherimide (PEI) Market size is estimated to grow from USD 522 million in 2019 to USD 714 million by 2024, at a CAGR of 6.5% between 2019 and 2024. The increasing demand from the transportation sector, electrification of vehicles, and replacement of metals and specialty polymers with PEI in heat resistance applications are expected to drive the market.

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Injection molding is projected to be the fastest-growing process type segment of the PEI market. PEI is used in applications such as medical and electronics due to its strength and rigidity. This amber, high-performance polymer also provides properties such as dimensional stability and chemical resistance. PEI is ideal for environments that include hot air and water, as it is hydrolytically stable, can be resistant to heat for an extended period, and has excellent electrical properties. PEI processed through injection molding is used in applications such as medical devices, instrument trays, and electrical enclosures.

PEI sheet is projected to be the fastest-growing form. It is resistant to UV radiation even in unreinforced grade and offers properties such as high dielectric constant, making it an excellent electrical insulator. The general application of PEI sheet includes electrical switchgear, connectors, microwave cookware, under bonnet components, non-combustible plenum connectors, jet engine components, printed wiring boards, aircraft interiors, and electrical hardware components.

The transportation end-use industry is the fastest-growing segment of the polyetherimide (PEI) market. In terms of volume, the transportation end-use industry is estimated to lead the PEI market, while the electrical & electronics segment is estimated to account for the second-largest share of the global polyetherimide (PEI) market. The use of PEI has been increasing due to its ability to replace metal and other thermosets and bulk molding compounds. PEI is apt for applications that require high heat resistance, strength, and chemical resistance. The largest application of PEI is in the electrical and lighting systems, followed by under-the-hood applications.

“Europe to account for the largest share in the PEI market during the forecast period.”

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.

SABIC (Saudi Arabia) and RTP Company (US) are the Leading Players in the Polyetherimide (PEI) Market

The global market size of PEI is projected to grow from USD 522 million in 2019 to USD 714 million by 2024, at a compound annual growth rate (CAGR) of 6.5% during the forecast period. The major driving factors for the market are increased demand from the transportation sector, electrification of vehicles, and growth in the emerging economies. PEI is widely used to meet weight reduction requirements and increased compactness in under-the-hood components that requires high heat resistance

The leading players in the PEI market are SABIC (Saudi Arabia), RTP Company (US), Ensinger Plastics (Germany), Röchling Group (Germany), Kuraray Europe (Germany) Mitsubishi Chemical Advanced Materials (Japan), Solvay SA (Belgium), and Toray Industries (Japan). These players adopted expansions, acquisitions, and new product developments as their key growth strategies between 2017 and 2018, which helped them increase their capacities and cater to the widening customer base.

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SABIC (Saudi Arabia) 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. SABIC 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 an extended 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.

In March 2018, 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. In March, 2017, The Röchling Group inaugurated its second plant in Vadodara with an investment of around USD 2.87 million. This expansion will help the company to grow its roots in the Indian subcontinent and meet the demand of the region.

Related Reports:

Polyetherimide (PEI) Market by Form (Film, Sheet, Granule, Tube, Rod), Grade (Reinforced, Unreinforced), Process Type (Injection Molding, Extrusion, Thermoforming, Compression Molding), End-use Industry, and Region – Global Forecast to 2024

BASF SE (Germany) and Asahi Kasei Corporation (Japan) are the Major Players in the Glass Filled Nylon Market

The glass filled nylon market size is estimated to grow from USD 8.2 billion in 2019 to USD 10.8 billion by 2024, at a CAGR of 5.8% between 2019 and 2024. The superior properties offered by glass filled nylon and the growing automotive industry are majorly driving the market.

The major glass filled nylon manufacturers are BASF SE (Germany), Asahi Kasei Corporation (Japan), Lanxess (Germany), DowDuPont Inc. (US), Royal DSM N.V. (Netherlands), Ensinger GmbH (Germany), Arkema (France), SABIC (Saudi Arabia), Evonik Industries (US) and Ascend Performance Materials (US). These players have adopted various growth strategies such as acquisition and new product launch to expand their presence in the global market. Acquisition was the dominant strategies adopted by the major players, between 2014 and 2019, which helped them to offer innovate products and broaden their customer base.

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BASF SE has secured a strong position in the European market. It is also establishing its presence in Latin America and the MEA and is now focusing on APAC. The company is a strong market player in the functional materials & solutions business segment. It has a strong focus on R&D and has acquired Solvay’s global polyamide business. This has helped the company to maintain its market position and expand its glass filled nylon business.

Asahi Kasei Corporation has a prominent presence in the glass filled nylon market. The company has a strong brand image, and it caters to the growing demand for glass filled nylon, particularly from the automotive application. It opted inorganic growth strategy through the acquisition of Sage Automotive Interiors, Inc. (US). This will increase the glass filled nylon market, as automotive is a key end-use industry of glass filled nylon. The company mainly focuses on R&D activities to maintain its comprehensive portfolio of glass filled nylon products that have significant growth potential.

Related Reports:

Glass Filled Nylon Market by Type (Polyamide 6, Polyamide 66),End Use Industry(Automotive, Electrical & Electronics, Industrial), Manufacturing Process(Injection Molding, Extrusion Molding), Glass Filling and Region Global Forecast to 2024