PET Foam Market Growth Drivers, Developments, Technology And Future Trends 2030
PET Foam Market for Structural Composites: IntroductionThe global PET foam market for structural composites was valued at US$ 180 Mn in 2019 and is anticipated to expand at a CAGR of ~7% from 2020 to 2030. PET foam offers various benefits such as good thermal stability, low water absorption, good electrical properties, and excellent surface properties. As a result, PET foams are widely used in the manufacture of exterior body parts and casing, and housing of various automotive parts such as wipers arms and their gear housings, engine covers, interior trims, connector housings, and headlamp retainers. Substituting heavier materials with foam leads to an overall weight reduction of around 10%. This improves fuel efficiency by 3% to 7%.
In terms of volume, Asia Pacific accounted for a major share of the global PET foam market for structural composites in 2019. It was followed by Europe and North America. China held a dominant share of the PET foam market for structural composites in Asia Pacific in 2019. Based on value, the PET foam market for structural composites in Asia Pacific is expected to expand at a CAGR of 8% during the forecast period.
๐๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ: https://www.transparencymarketresearch.com/structural-composites-pet-foam-market.html
Major Drivers of PET Foam Market for Structural Composites
Increase in need to achieve fuel efficiency and implementation of stringent emission regulations are estimated to boost the trend of production of automotive components by using lightweight materials over the next few years. Global sales of automotive vehicles are likely to be driven by replacement demand in the U.S. and Western Europe, owing to the rise in government initiatives toward electric vehicles. Sales of electric vehicles, plug-in hybrid electric vehicles, and hybrid vehicles are anticipated to increase significantly during the forecast period. The transportation industry expects the current trend toward lightweight components, electrification, and sound attenuation to accelerate in the medium term. Moreover, rise in investments in the automotive sector, typically in Middle East & Africa, is projected to be a key factor driving the PET foam market for structural composites in the region. Morocco, Egypt, and Iran are leading motor vehicle manufacturers in the region while major sales markets include Iran, Saudi Arabia, and the UAE. Increase in demand for PET foams in the automotive sector in Middle East & Africa is augmenting the PET foam market for structural composites in the region.
๐๐ฆ๐ฆ๐๐๐ข๐๐ญ๐ ๐๐๐ฅ๐ข๐ฏ๐๐ซ๐ฒ ๐๐ฏ๐๐ข๐ฅ๐๐๐ฅ๐ | ๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ - https://www.transparencymarketresearch.com/checkout.php?rep_id=77721<ype=S
Europe Constitutes Substantial Share of PET Foam Market for Structural Composites
Europe holds a significant share of the global PET foam market for structural composites due to the presence of a large number of automotive and aerospace companies in the region. Headquarters and research & development facilities of several companies, including Airbus, Audi, BMW, Daimler, Volvo, and Volkswagen are located in the region. This makes it a lucrative region of the global PET foam market for structural composites. Leading players operating in the PET foam market for structural composites in Europe have adopted strategies such as launching new products to improve their product portfolio. For instance, 3A Composites launched the reformulated AIREX T92 in February 2019. The reformulated AIREX T92 contains recycled PET bottles as raw materials making the product sustainable for use.
๐๐๐ญ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77721
Prominent Players in PET Foam Market for Structural Composites
3A Composites, Diab, Gurit, Sekisui Plastics Co., Ltd., and Armacell International S.A. are the major players that accounted for significant share of the global PET foam market for structural composites in 2019. Other players operating in the global PET foam market for structural composites include Huntsman International LLC, BASF SE, CoreLite, Inc., Changzhou Tiansheng New Materials CO., LTD., and Carbon-Core Corporation. Companies operating in the global PET foam market for structural composites merge, acquire, or enter into strategic partnerships with regional/local companies in order to increase their share.
๐๐ฅ๐ข๐๐ค ๐ ๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=77721
Global PET Foam Market for Structural Composites: Research Scope
PET Foam Market for Structural Composites, by Type
High Density Foams
Low Density Foams
PET Foam Market for Structural Composites, by Application
Transportation
Automotive
Buses
Railways
Aircraft
Commercial Vehicles
Wind Energy
Rotor Blades
Nacelle Covers
Others (including Generator Casing)
Marine
Building & Construction
Others (including Consumer Goods and Medical)
๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
Canada Marine Lubricants Market - https://www.digitaljournal.com/pr/canada-marine-lubricants-market-in-depth-progress-research-2021-2031
Italy Industrial Gases Market - https://www.digitaljournal.com/pr/italy-industrial-gases-market-swot-analysis-with-innovative-growth
About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
Contact Us
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release PET Foam Market Growth Drivers, Developments, Technology And Future Trends 2030 here
News-ID: 2841235 • Views: โฆ
More Releases from Transparency Market Research
Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights f โฆ
The global handheld marijuana vaporizer market has witnessed remarkable growth in recent years, attributed to the increasing acceptance of medicinal marijuana and the demand for convenient and discreet consumption methods. Valued at US$ 5 billion in 2021, the market is projected to surge at a CAGR of 13.4% to reach US$ 15.9 billion by 2031. This article delves into the factors driving this growth, the evolving market landscape, and theโฆ
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And โฆ
The COVID-19 pandemic has precipitated a remarkable surge in the demand for disinfectant products, with a notable emphasis on disinfectant wipes as an essential tool in maintaining hygiene and preventing the spread of pathogens. This research report delves into the multifaceted landscape of the disinfectant wipes market, elucidating key trends, drivers, and innovations shaping the industry.
๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐
๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=70359
Key Players and Market Developments
Key playersโฆ
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Stud โฆ
The global ๐ญ๐ข๐ฌ๐ฌ๐ฎ๐ ๐๐๐ง๐ค๐ข๐ง๐ ๐ฆ๐๐ซ๐ค๐๐ญ reached a value of US$ 1,056.4 million in 2017 and is projected to nearly triple to US$ 2,903.3 million by 2026, with a robust Compound Annual Growth Rate (CAGR) of approximately 12.0% from 2018 to 2026. Factors such as increasing awareness about tissue donation, technological advancements, and a growing target patient population are anticipated to propel market growth during this period.
Moreover, the market is expectedโฆ
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
This report by Transparency Market Research, Inc. assesses the present state and future growth potential of the global ๐ฏ๐๐ฌ๐๐ฎ๐ฅ๐๐ซ ๐๐ฅ๐จ๐ฌ๐ฎ๐ซ๐ ๐๐๐ฏ๐ข๐๐๐ฌ ๐ฆ๐๐ซ๐ค๐๐ญ. It features a comprehensive executive summary, offering insights into various segments of the market. Additionally, the report provides detailed analysis and data on product, access type, application, end user, and regional segments within the global market.
Vascular closure devices is estimated to reach a value of ~US$ 1 Bnโฆ
More Releases for PET
Pet Travel Services Market 2020 PetSino IPATA Happy Tails Travel Pet Travel PetR โฆ
With the slowdown in world economic growth, the Pet Travel Services industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Pet Travel Services market size to maintain the average annual growth rate of 15 from XXX million $ in 2014 to XXX million $ in 2019, BisReport analysts believe that in the next few years, Pet Travel Services market size willโฆ
Pet Veterinary Diets Market 2019 Industry Dynamics - Mars, Farmina Pet Foods, Ni โฆ
Recent market research study Global Pet Veterinary Diets Market 2019-2024 now available with Fior Markets provides a comprehensive market analysis based on past and current situation of the market. The report covers future trends, current growth drivers, thoughtful insights, facts, market valuation, competitive spectrum, regional share, and revenue predictions. The report shows the market size, share, business growth enhancers, and obstructers, prior and current trends being followed by the market.โฆ
Recycled PET Market Share, Recycled PET Market Size, Recycled PET Market Trends, โฆ
Scope of the Report:
This study provides an overview of the global recycled PET market, tracking one market segment across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years forโฆ
Pet Care Products Market is Booming Worldwide | Mars, Merrick Pet Care, Central โฆ
HTF MI released a new market study on Global Pet Care Products Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. At present, the market is developing its presence. The Research report presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study providesโฆ
Pet Furniture Market Is Booming Worldwide | Go Pet Club, North American Pet Prod โฆ
HTF MI recently introduced Global Pet Furniture Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which are accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Go Pet Club, North American Pet Products, MidWest Homes for Pets,โฆ
Pet Utility Products Market 2018- Advanced Pet Products, IRIS USA Inc, Costal Pe โฆ
This report studies the global market size of Pet Utility Products in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Pet Utility Products in these regions.
Request a Sample of this Report@ http://www.orbisresearch.com/contacts/request-sample/2304884
This research report categorizes the global Pet Utility Products market by players/brands, region, type and application. This report also studies the global market status, competitionโฆ