PET Foam Market 2021 Demands to Sustain in Future Industry Size, Growth, Revenue, Global Statistics and Forecasts | grow at a CAGR of 7.3 % and is anticipated to reach around USD 450 million by 2025

PET foams or polyethylene terephthalate foams are known for their outstanding characteristics such as mechanical and anti-fatigue features coupled with the stable chemical, less water absorption and other such characteristics. Such foam is produced with the help of transesterification reaction having properties such as fire prevention, anti-virus, smoke-proof and others.

The global Pet Foam market in 2020 was approximately USD 315 Million. The market is expected to grow at a CAGR of 7.3 % and is anticipated to reach around USD 450 million by 2025. The PET foam market is predicted to expand at a rapid pace over the forecast period, owing to the increase in usage of these foams in various sectors, especially wind energy, building & construction and transportation; healthy growth of few industry segments such as nacelles, where PET foam is being promoted; presence of advanced raw materials and processing methods which facilitate the manufacture of products with better properties; and increase in research and development activities.

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Moreover, the growth of the wind energy sector, resulted in an increase in the demand for renewable energy, is anticipated to propel the global PET market. On the other hand, the presence of alternatives for the product is restraining the market.

The market for pet foam is intensely competitive and is highly fragmented. The vendors in the Pet Foam market compete based on product portfolio, product differentiation, applications, and the pricing of products. The rise in technological innovations in designing the products for better quality, ease of use and better performance is expected to continue to intensify the level of competition among the companies to expand their product portfolios by incorporating innovative features, into their product.

Key players in the market are Armacell International, 3A Composites, Gurit Holding, Diab Group (Ratos Ab), Sekisui Plastics, PETro Polymer Shargh, Changzhou Tiansheng New Materials, Carbon-Core, Huntsman, Nitto Denko. In 2020, Armacell began the on expansion of Thimister-Clermont PET Foam plant.

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Based On The Application, The Global Pet Foam Market Segmented Into

Wind Energy
Transportation
Marine
Packaging
Building & Construction
Others

Based On The Type, The Global Pet Foam Market Segmented Into

Low-density Foam
High-density Foam

Based On The Region, The Global Pet Foam Market Segmented Into

Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America [United States, Canada, Mexico]
Middle East & Africa [GCC, North Africa, South Africa]
South America [Brazil, Argentina, Columbia, Chile, Peru]

First, this report covers the present status and the future prospects of the global PET Foam market for 2015-2024.

And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].

At the same time, we classify PET Foam according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.

Finally, the report provides detailed profile and data information analysis of leading PET Foam company.

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The customization research services cover the additional custom report features such as additional regional and country level analysis as per the client requirements.

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