The global demand for PET Foam Market is presumed to reach the valuation of nearlyUSD XX MN by 2027 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2020-2027. Whereas with regards to volume, the market was calculated XX KT in 2021 and foreseen to touch XX KT by 2027 with a CAGR of XX% during 2020-2026.
PET or polyethylene terephthalate foam refers to the structural core materials in the composite industry. It is mainly used as core material for sandwich structures, also it is continuously substituting traditional materials such as Balsa, SAN or PVC. Along with this, it has application across wind energy, transportation, marine, packaging, building & construction, and others.
The growing demand from end-user industries, especially potential demand in the wind energy market is primarily driving the market growth. Increasing consumer demand for fuel-efficient and lightweight vehicles is again fuelling the demand. In addition to this, increasing demand for light weight plastics and composite materials is further boosting the PET foam demand in the market. However, strong competition with substitutes is likely to hamper the market growth. Whereas, the high potential across different industry verticals is expected to create potential opportunity over the forecast period.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of PET foam.
The entire PET foam market has been sub-categorized into grade and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Low-density Foam
- High-density Foam
- Wind Energy
- Building & Construction
This section covers regional segmentation which accentuates on current and future demand for PET foam market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global PET Foam Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the PET foam market include 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. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.