PET Foam Market Report 2019 Foresees the Market to reach USD 322.7 MN by 2026
Posted On October 22, 2020
The report by Value Market Research on the Global PET Foam Market anticipates the market growth to reach CAGR of 6.5% during 2020-2026. The market was valued close to USD 207.7 MN in 2019 and is expected to reach USD 322.7 MN by 2026. PET foam is the newest structural core material trending in the composite industry. The growing need for lightweight sandwich construction material for the automotive and construction sectors is crucial for this market’s growth. The market for PET foam will grow at a steady pace due to the increasing demand for composite solutions in various industries like marine, aerospace, railways, wind power, automotive, and food packaging. The rising demand for high-precision, premium-quality, homogeneous, and flocked composite foams for use in wind turbines, and pipe insulation will be a market booster. The main roadblocks to this market’s growth are the difficulties arising in the repeated production of stable, homogeneous due to the required high processing temperatures, limited process stability, and high initial density.
PET foam is a structural core material made of Polyethylene Terephthalate (PET) thermoplastic. Highly versatile PET foams with an open-cell structure are used for sandwich constructions and for composite laminates to deliver added mechanical strength, stiffness, and insulation, temperature resistance, without adding weight. These composite foams are generally easy to handle, readily conform to shapes, and bonded in layers to add thickness. It is a permanently elastic composite that is an excellent absorber of drop and impacts energy and highly recyclable. PET foams are available as sheets, boards, pipes, and beads with very low toxicity and low carbon footprint.
The report “Global PET Foam Market Report By Grade (Low-Density Foam And High-Density Foam), Applications (Wind Energy, Transportation, Marine, Packaging, Building & Construction, And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" covers the market introduction, key market statistics followed by in-depth regional revenue/or volume analysis. The report analyses the trends of the past years along with deeply studying the geo-political trends, thus authenticating the findings of the research and making it more reliable.
On the basis of grade the market is segmented into Low-density Foam, High-density Foam. By application the PET foam market is categorised as Wind Energy, Transportation, Marine, Packaging, Building & Construction, Others .North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa are the regions covered in the report. This geographical section of the report highlights the share of the revenue/volume spread globally.
The Report Segments Global PET Foam Market -
- Low-Density Foam
- High-Density Foam
- Wind Energy
- Building & Construction
- North America
- Latin America
- Middle East & Africa
Players Profiled In the Report:
3A Composites, Armacell International S.A., BASF SE, Carbon-Core Corp., Changzhou Tiansheng New Materials Co. Ltd., DIAB Group, Gurit Holding, Petro Polymer Shargh and Sekisui Plastics.
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