Polyethylene Terephthalate (PET) foams are new structural core materials in the composite industry. Lightweight and high mechanical strength in conjunction with residual flexibility and maximum service life are expected of a modern composite material.
Market Analysis and Insights: Global PET Foams Market
Due to the COVID-19 pandemic, the global PET Foams market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Low-density Foam accounting for % of the PET Foams global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Wind Energy segment is altered to an % CAGR throughout this forecast period.
Currently, Asia-Pacific is the largest PET foam market which is estimated to register the highest CAGR. Countries such as China and India are projected to lead the market in Asia-Pacific, with China accounting for the largest share in terms of volume. The market size by volume of PET foams is comparatively low in the Middle East & African and RoW regions, but the estimated growth for the regions is second- and third-highest after Asia-Pacific, respectively. Asia-Pacific, Europe, and North America are the most active markets in terms of strategic initiatives, owing to their market demands.
Global PET Foams Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global PET Foams Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Low-density Foam
High-density Foam
Segment by Application
Wind Energy
Transportation
Marine
Packaging
Building & Construction
Others
By Company
3A Composites
Armacell
BASF
Carbon-Core
Diab Group (Ratos Ab)
Gurit Holding
PETro Polymer Shargh
Sekisui Plastics
Dow Chemical
Changzhou Tiansheng New Materials
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina