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. 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 175 market data Tables and 37
Figures spread through 173 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"
Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=19032949
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. Expansion of manufacturing plants and offices globally is the key
strategy adopted by these players to cater to the increasing demand for PET
foam.
Diab Group (Ratos AB) is one of the major players
in the global PET foam market. The company develops, manufactures, and sells
core materials for sandwich composite structures. In October 2021, in the
Mundra plant, SKAPS - Diab started production of pet foam. SKAPS manufactures
Diabs Divinycell pet range of products in response to the rising demand for pet
core materials from the wind energy sector in India. The material has been
designed to meet blade designs with the goal of lowering wind blade production
costs. It provides high shear strain and optimal resin uptake.
Get 10% Free Customization on this Report @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=19032949
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.
Read
More At https://www.marketsandmarkets.com/ResearchInsight/pet-foam-market.asp
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.
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 MarketsandMarkets™:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Comments
Post a Comment