PET Foam Market

The report "PET Foam Market by Raw Material (Virgin PET and Recycled PET), Grade (Low-density and High-density), Application (Wind Energy, Transportation, Marine, Building & Construction, Packaging) and Region - Global Forecast to 2027", is projected to grow from USD 361 million in 2022 to USD 503 million by 2027, at a CAGR of 6.9% from 2022 to 2027. PET foam can be readily modified based on application requirements and is mainly used in the mid-layers of sandwiched composite structures. The market for PET foam is competitive and mainly dominated by established players. The threat of new entrants in this market is low, as the market is capital-intensive.

Browse 176 market data Tables and 38 Figures spread through 174 Pages and in-depth TOC on "PET Foam Market by Raw Material (Virgin PET and Recycled PET), Grade (Low-density and High-density), Application (Wind Energy, Transportation, Marine, Building & Construction, Packaging) and Region - Global Forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/pet-foam-market-19032949.html

By raw material, recycled PET foam is estimated to be the fasted-growing segment during the forecast period, in terms of volume

With the rising demand for energy conservation and environmental protection, PET foam is extensively used as roofing or external wall insulation material in green buildings. This has created an opportunity for the PET foam manufacturers to incorporate some percentage of recycled PET resin into PET foam production.

By grade, high-density PET foam is estimated to be the fasted-growing segment during the forecast period, in terms of volume

In some industries such as marine, transport, and railways, the use of plywood is prone to decay when exposed to water. High-density foams are appropriate for applications in the new range of PET foam densities up to 320 kg/m3. High-density foam offers stability and peel strength to sandwich constructions.

By application, packaging segment is estimated to be the second fasted-growing segment during the forecast period, in terms of volume

PET foam is used in the packaging industry due to its varied properties such as recyclability, low weight, high compressive strength, flexibility, and temperature & chemical resistance. PET foam is used in the manufacture of food packaging trays & containers and packaging for electronic products. There have been advancements in technology in packaging products such as smart labels and thermochromic labels. The growth of the packaging industry is expected to drive the demand for PET foams.

Europe is the second largest growing region in the PET foam, in terms of volume

Countries such as Germany, France, the UK, Italy, and Spain are considered under Europe for market analysis. Low-density and high-density are the most used PET foams in Europe. They are widely used in wind energy, marine, transportation, construction applications. The PET foam market in Germany is expected to grow mainly due to the rising demand for core materials in the wind energy applications.

Armacell International SA (Luxembourg), 3A Composites (Switzerland), Gurit Holding (Switzerland), DIAB Group (Sweden), Changzhou Tiansheng New Materials Co. Ltd (China), Sekisui Plastics (Japan), Petro Polymer Shargh (Iran), and Carbon-Core Corp. (US) are some of the key players operating in the PET foam market.

Don’t miss out on business opportunities in PET Foam Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]