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Global PET Foam Industry Market Dynamics & Strategic Insights 2021-2030
Polyethylene Terephthalate is a thermoplastic that produces a lower cost, structurally sound core product. PET cores can be heated and conformed to specific shapes and are growing applications as more manufacturers are realizing their consistent properties and benefits. PET foams can provide an advantageous alternative to polystyrene foams, their manufacturing process offers challenges that can prevent their adoption. By changing the traditional foaming equipment, it is possible to overcome the problems in PET foaming and increase the overall process efficiency.
Global PET Foam Market іѕ ѕеgmеntеd on the bаѕіѕ оf Grade (Low-Density & High-Density), and by Application (Wind Energy, Transportation, Marine, Packaging, Building & Construction & Others), and region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa).
The Global PET Foam Market wаѕ vаluеd аt UЅ$ 231.5 Мn іn 2020 іѕ рrојесtеd tо іnсrеаѕе ѕіgnіfісаntlу аt а САGR оf 7% frоm 2021 tо 2030.
The report on Global PET Foam Market which оffеrѕ іn-dерth аnаlуѕіѕ оn mаrkеt drіvеrѕ, rеѕtrаіntѕ, орроrtunіtіеѕ, trеndѕ, and other important information regarding the Global PET Foam Market. This rероrt іnсludеs quаlіtаtіvе іnfоrmаtіоn and quаntіtаtіvе аnаlуѕіѕ оf vаrіоuѕ ѕеgmеntѕ іn tеrmѕ оf mаrkеt ѕhаrе, grоwth, орроrtunіtу аnаlуѕіѕ, mаrkеt value, еtс. fоr thе fоrесаѕt уеаrѕ. The report offers detailed information regarding the various key players operating in the Global PET Foam Market, their financials, key developments, supply chain trends, technological innovations, apart from future strategies, acquisitions & mergers, market footprint, and COVID-19 Analysis. This report is based on analysis, synthesis, and interpretation of the information gathered regarding the Global PET Foam Market from various sources. We analyzed the data and information and gained insights using primary and secondary research efforts with the primary objective to provide a holistic view of the Global PET Foam Market.
Market Dynamics:
Increasing demand for PET foam in a wide range of applications in the composites industry, due to their superior mechanical properties such as high mechanical strength, lightweight, high-temperature resistance, over other plastics is expected to drive the growth of the global market. Growing demand for PET foam in applications in wind energy, transportation, and packaging industries is another factor expected to drive the growth of the global PET foam market. Growing demand for environmentally-friendly plastics coupled with leading manufacturers increasing focus on R&D activities is expected to fuel the growth of the global market. Rising preference for lightweight materials in construction and architecture and durability weight factor, along with ease in the installation are factors driving the growth of the global market during the forecast period.
However, increasing competition comes from core materials such as polyvinyl chloride (PVC), styrene-acrylonitrile, etc. are standards for their low density and mechanical strength is a factor hampering the growth of the PET foam market.
Segmental Analysis:
Among the grade segments, the low-density segment is expected to the largest revenue share in the global PET foam market, due to most industries turning toward environmentally-viable materials.
Among the applications segments, the wind energy segment is accounted for a major revenue share in the global PET foam market, due to their properties such as resistance to fire, smoke, toxicity, ease of processing, excellent fatigue & long-term stability, and high strength and stiffness. Wind energy products that employ PET foam include wind turbine blades and nacelles and are used in shear web, shells, and edge closeouts in wind turbine blades. Also, it is used for platforms, covers, and spinners in nacelles.
Regional Analysis:
Europe PET foam market is anticipated to a dominant share in the global market in terms of revenue over the next 10 years. Rising demand for PET foam in transportation and aerospace industries coupled with industrial automation and the presence of some large automotive production companies are factors boosting the market in Europe. Also, the rising number of regulations about plastic recycling and technological reforms in the region. Moreover, the increase in immigration and rapid urbanization, and the growing building & construction sector is expected to augment the demand for PET foam in roofs and domes in the countries in the region. The Asia Pacific PET foam market is projected to witness a steady CAGR over the 10-year forecast period, due to rapid industrialization and rising demand for PET foam in wind energy and building & construction industries in the region. China is a key country in the PET foam market in the Asia Pacific, due to the growth of industries such as renewable energy in the country.
Global PET Foam Market Segmentation:
Segmentation by Grade:
• Low-Density
• High-Density
Segmentation by Application:
• Wind Energy
• Transportation
• Marine
• Packaging
• Building & Construction
• Others
Segmentation by region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key Players:
Armacell International S.A.,
3A Composites,
Gurit, Diab,
BASF SE,
Sekisui Plastics Co., Ltd.,
Huntsman International LLC,
CoreLite, Inc.,
Changzhou Tiansheng New Materials CO., LTD., and
Carbon-Core Corporation
Global PET Foam Market іѕ ѕеgmеntеd on the bаѕіѕ оf Grade (Low-Density & High-Density), and by Application (Wind Energy, Transportation, Marine, Packaging, Building & Construction & Others), and region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa).
The Global PET Foam Market wаѕ vаluеd аt UЅ$ 231.5 Мn іn 2020 іѕ рrојесtеd tо іnсrеаѕе ѕіgnіfісаntlу аt а САGR оf 7% frоm 2021 tо 2030.
The report on Global PET Foam Market which оffеrѕ іn-dерth аnаlуѕіѕ оn mаrkеt drіvеrѕ, rеѕtrаіntѕ, орроrtunіtіеѕ, trеndѕ, and other important information regarding the Global PET Foam Market. This rероrt іnсludеs quаlіtаtіvе іnfоrmаtіоn and quаntіtаtіvе аnаlуѕіѕ оf vаrіоuѕ ѕеgmеntѕ іn tеrmѕ оf mаrkеt ѕhаrе, grоwth, орроrtunіtу аnаlуѕіѕ, mаrkеt value, еtс. fоr thе fоrесаѕt уеаrѕ. The report offers detailed information regarding the various key players operating in the Global PET Foam Market, their financials, key developments, supply chain trends, technological innovations, apart from future strategies, acquisitions & mergers, market footprint, and COVID-19 Analysis. This report is based on analysis, synthesis, and interpretation of the information gathered regarding the Global PET Foam Market from various sources. We analyzed the data and information and gained insights using primary and secondary research efforts with the primary objective to provide a holistic view of the Global PET Foam Market.
Market Dynamics:
Increasing demand for PET foam in a wide range of applications in the composites industry, due to their superior mechanical properties such as high mechanical strength, lightweight, high-temperature resistance, over other plastics is expected to drive the growth of the global market. Growing demand for PET foam in applications in wind energy, transportation, and packaging industries is another factor expected to drive the growth of the global PET foam market. Growing demand for environmentally-friendly plastics coupled with leading manufacturers increasing focus on R&D activities is expected to fuel the growth of the global market. Rising preference for lightweight materials in construction and architecture and durability weight factor, along with ease in the installation are factors driving the growth of the global market during the forecast period.
However, increasing competition comes from core materials such as polyvinyl chloride (PVC), styrene-acrylonitrile, etc. are standards for their low density and mechanical strength is a factor hampering the growth of the PET foam market.
Segmental Analysis:
Among the grade segments, the low-density segment is expected to the largest revenue share in the global PET foam market, due to most industries turning toward environmentally-viable materials.
Among the applications segments, the wind energy segment is accounted for a major revenue share in the global PET foam market, due to their properties such as resistance to fire, smoke, toxicity, ease of processing, excellent fatigue & long-term stability, and high strength and stiffness. Wind energy products that employ PET foam include wind turbine blades and nacelles and are used in shear web, shells, and edge closeouts in wind turbine blades. Also, it is used for platforms, covers, and spinners in nacelles.
Regional Analysis:
Europe PET foam market is anticipated to a dominant share in the global market in terms of revenue over the next 10 years. Rising demand for PET foam in transportation and aerospace industries coupled with industrial automation and the presence of some large automotive production companies are factors boosting the market in Europe. Also, the rising number of regulations about plastic recycling and technological reforms in the region. Moreover, the increase in immigration and rapid urbanization, and the growing building & construction sector is expected to augment the demand for PET foam in roofs and domes in the countries in the region. The Asia Pacific PET foam market is projected to witness a steady CAGR over the 10-year forecast period, due to rapid industrialization and rising demand for PET foam in wind energy and building & construction industries in the region. China is a key country in the PET foam market in the Asia Pacific, due to the growth of industries such as renewable energy in the country.
Global PET Foam Market Segmentation:
Segmentation by Grade:
• Low-Density
• High-Density
Segmentation by Application:
• Wind Energy
• Transportation
• Marine
• Packaging
• Building & Construction
• Others
Segmentation by region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key Players:
Armacell International S.A.,
3A Composites,
Gurit, Diab,
BASF SE,
Sekisui Plastics Co., Ltd.,
Huntsman International LLC,
CoreLite, Inc.,
Changzhou Tiansheng New Materials CO., LTD., and
Carbon-Core Corporation
Scope:
| Report Data | Market |
| Forecast 2022 | XX million/billion (2022-2032) |
| CAGR 2022 - 2032 | % |
| Analysis Period | 2022 - 2032 |
| Base Year | 2021 |
| Forecast Data | 2022 - 2032 |
| Segments Covered | By Type, By Application, And by Regions |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled | . |
| Key Segments | By Type By Applications |
| Report Coverage | Market Drivers, Market Trends, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Frequently Asked Questions
What is the future market value of the ?
The current market value for is expected USD XX million/billion by 2022.
What is the CAGR of the Market?
The is to grow at a CAGR of 5.3% during the forecast by 2032.
What is the Market segment?
On the basis of type, the is segmented into Types.
Who are the key players operating in the ?
The major players operating in the are Company.
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