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
Description
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
The PET foam market 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. The PET foam market growth is estimated to be majorly driven by growing economies of Asia Pacific region.
“Recycled PET foam dominated the PET foam market, by raw material in terms of value and volume, in 2021”
Recycled PET foams offer several benefits such as cost-effectiveness and reduced carbon footprint. They are used as core materials in automotive applications, and as structural foams in construction applications. Moreover, few companies such as Armacell International S.A. (Luxembourg), Petro Polymer Shargh (Iran), recycle PET found in food and beverage bottles into the foam.
“Low-density PET foam dominated the PET foam market, by grade in terms of value and volume, in 2021”
The low-density PET foam dominated the PET foam market, in terms of volume and value, in 2021. Low-density foam is widely used as a thermal insulator due to the low thermal conductivity of the gas phase and as a structural material for construction and furniture. Thus, the wide application of low-density PET foam and its superior qualities compared to the other core materials is driving the segment.
“Wind energy application dominated the PET foam market, in terms of value and volume, in 2021”
The wind energy application segment dominated the PET foam market, in terms of volume and value, in 2021. PET foam can be an ideal replacement for other core materials such as PVC, SAN, PU foams, and balsa. Core materials are used in wind turbine blades as sandwich panels in composite forms. The blades are made by combining core materials and glass-reinforced polyester/epoxy.
“Asia Pacific region dominated the PET foam market, in terms of value and volume, in 2021”
The increasing demand for PET foam in transportation, wind energy, and building & construction applications is driving the market in this region. The growth of the wind energy industry in this region has increased the demand for producing lightweight composite structures.
Profile break-up of primary participants for the report:
By Company Type: Tier 1 – 37%, Tier 2 – 42%, and Tier 3 – 21%
By Designation: C-level Executives – 30%, Directors – 25%, and Managers – 45%
By Region: North America – 20%, Europe – 27%, Asia Pacific – 40%, South America – 7%, Middle East & Africa – 6%
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. These players have adopted strategies such as agreements, partnerships & joint ventures, new product & technology launches, and expansions to enhance their business revenue and market share.
Research Coverage:
The report defines, segments, and projects the PET foam market based on raw material, grade, application, and region. It provides detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints, opportunities, and challenges. It strategically profiles, PET foam manufacturers and comprehensively analyzes their market shares and core competencies as well as tracks and analyzes competitive developments, such as expansions, acquisitions, and product launches, undertaken by them in the market.
Reasons to Buy the Report:
The report is expected to help the market leaders/new entrants in the market by providing them the closest approximations of revenue numbers of the PET foam market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve the position of their businesses, and make suitable go-to-market strategies. It also enables stakeholders to understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.
The PET foam market 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. The PET foam market growth is estimated to be majorly driven by growing economies of Asia Pacific region.
“Recycled PET foam dominated the PET foam market, by raw material in terms of value and volume, in 2021”
Recycled PET foams offer several benefits such as cost-effectiveness and reduced carbon footprint. They are used as core materials in automotive applications, and as structural foams in construction applications. Moreover, few companies such as Armacell International S.A. (Luxembourg), Petro Polymer Shargh (Iran), recycle PET found in food and beverage bottles into the foam.
“Low-density PET foam dominated the PET foam market, by grade in terms of value and volume, in 2021”
The low-density PET foam dominated the PET foam market, in terms of volume and value, in 2021. Low-density foam is widely used as a thermal insulator due to the low thermal conductivity of the gas phase and as a structural material for construction and furniture. Thus, the wide application of low-density PET foam and its superior qualities compared to the other core materials is driving the segment.
“Wind energy application dominated the PET foam market, in terms of value and volume, in 2021”
The wind energy application segment dominated the PET foam market, in terms of volume and value, in 2021. PET foam can be an ideal replacement for other core materials such as PVC, SAN, PU foams, and balsa. Core materials are used in wind turbine blades as sandwich panels in composite forms. The blades are made by combining core materials and glass-reinforced polyester/epoxy.
“Asia Pacific region dominated the PET foam market, in terms of value and volume, in 2021”
The increasing demand for PET foam in transportation, wind energy, and building & construction applications is driving the market in this region. The growth of the wind energy industry in this region has increased the demand for producing lightweight composite structures.
Profile break-up of primary participants for the report:
By Company Type: Tier 1 – 37%, Tier 2 – 42%, and Tier 3 – 21%
By Designation: C-level Executives – 30%, Directors – 25%, and Managers – 45%
By Region: North America – 20%, Europe – 27%, Asia Pacific – 40%, South America – 7%, Middle East & Africa – 6%
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. These players have adopted strategies such as agreements, partnerships & joint ventures, new product & technology launches, and expansions to enhance their business revenue and market share.
Research Coverage:
The report defines, segments, and projects the PET foam market based on raw material, grade, application, and region. It provides detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints, opportunities, and challenges. It strategically profiles, PET foam manufacturers and comprehensively analyzes their market shares and core competencies as well as tracks and analyzes competitive developments, such as expansions, acquisitions, and product launches, undertaken by them in the market.
Reasons to Buy the Report:
The report is expected to help the market leaders/new entrants in the market by providing them the closest approximations of revenue numbers of the PET foam market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve the position of their businesses, and make suitable go-to-market strategies. It also enables stakeholders to understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.
Table of Contents
168 Pages
- OBJECTIVES OF THE STUDY
- COMPETITIVE INTELLIGENCE
- MARKET DEFINITION
- INCLUSIONS & EXCLUSIONS
- MARKET SCOPE
- YEARS CONSIDERED FOR THE STUDY
- CURRENCY
- PACKAGE SIZE
- STAKEHOLDERS
- RESEARCH LIMITATIONS
- SUMMARY OF CHANGES
- RESEARCH DATA
- MATRIX CONSIDERED FOR DEMAND SIDE
- MARKET SIZE ESTIMATION
- GROWTH RATE ASSUMPTIONS/GROWTH FORECAST
- DATA TRIANGULATION
- RESEARCH ASSUMPTIONS AND LIMITATIONS
- RISK ANALYSIS
- PRE-COVID-19 SCENARIO
- OPTIMISTIC
- PESSIMISTIC SCENARIO
- REALISTIC SCENARIO
- ATTRACTIVE OPPORTUNITIES IN PET FOAM MARKET
- PET FOAM MARKET, BY REGION
- ASIA PACIFIC PET FOAM MARKET, BY COUNTRY
- PET FOAM MARKET, BY RAW MATERIAL
- PET FOAM MARKET, BY APPLICATION
- INTRODUCTION
- MARKET DYNAMICS
- INTRODUCTION
- PORTER'S FIVE FORCES ANALYSIS
- INTRODUCTION
- GROWTH IN WIND ENERGY INDUSTRY
- TRENDS IN THE AUTOMOTIVE INDUSTRY
- TRENDS IN THE CONSTRUCTION INDUSTRY
- PRICE ANALYSIS
- VALUE CHAIN ANALYSIS
- PATENT ANALYSIS
- TARIFF AND REGULATORY LANDSCAPE
- CASE STUDY
- TRADE FLOW
- YCC SHIFT IN PET FOAM MARKET
- INTRODUCTION
- RECYCLED PET
- VIRGIN PET
- INTRODUCTION
- LOW-DENSITY
- HIGH-DENSITY
- INTRODUCTION
- WIND ENERGY
- TRANSPORTATION
- MARINE
- PACKAGING
- BUILDING & CONSTRUCTION
- OTHERS
- INTRODUCTION
- ASIA PACIFIC
- NORTH AMERICA
- EUROPE
- MIDDLE EAST & AFRICA
- SOUTH AMERICA
- OVERVIEW
- MARKET SHARE ANALYSIS
- COMPANY EVALUATION QUADRANT MATRIX DEFINITIONS AND METHODOLOGY, 2019
- COMPETITIVE BENCHMARKING
- KEY MARKET DEVELOPMENTS
- 3A COMPOSITES
- DIAB GROUP
- GURIT HOLDING AG
- ARMACELL INTERNATIONAL S.A.
- SEKISUI CHEMICAL CO LTD
- CHANGZHOU TIANSHENG NEW MATERIALS CO. LTD
- PETRO POLYMER SHARGH (PPS)
- CARBON-CORE CORP.
- COMPOSITE ESSENTIAL MATERIALS LLC
- VISIGHT COMPOSITE MATERIAL CO., LTD
- CORELITE
- HUNAN RIFENG COMPOSITE CO., LTD
- XTX COMPOSITES
- INTRODUCTION
- LIMITATIONS
- POLYMER MODIFIED CEMENTITIOUS COATINGS MARKET
- POLYMER MODIFIED CEMENTITIOUS COATINGS MARKET, BY POLYMER TYPE
- STRUCTURAL CORE MATERIALS MARKET
- STRUCTURAL CORE MATERIALS MARKET, BY TYPE
- BALSA
- DISCUSSION GUIDE
- KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
- AVAILABLE CUSTOMIZATIONS
- RELATED REPORTS
- AUTHOR DETAILS
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