Press release
Global PET Foam Market was valued at USD 388.59 Million in 2022 and is expected to reach USD 645.11 Million by 2029, exhibiting a CAGR of 7.51% during the forecast period (2022-2029).
Global PET Foam Market
Maximize Market Research Pvt. Ltd., a leading market research company based in Pune, India, has released its comprehensive Market Research Report on the PET Foam Market.
Get to Know More About This Market Study:https://www.maximizemarketresearch.com/market-report/global-pet-foam-market/95384/
With the continued growth of key industries and innovations such as Diab Group's nanotechnology adoption, the PET Foam Market is poised for significant expansion in the coming years.
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What are Global PET Foam Market Dynamics?
PET (Polyethylene Terephthalate) foam, known for its structural robustness and cost-effectiveness, has gained significant traction across various industries. One of the key drivers of this growth is the wind energy sector. As wind turbines continue to increase in size and efficiency to maximize energy generation capacity, PET foam and other thermoplastic materials are in high demand due to their strength, stiffness, durability, and design flexibility, helping extend the lifespan of wind turbine blades.
Diab Group's recent adoption of SABIC's innovative LNP COLORCOMP compound, leveraging nanotechnology to enhance the mechanical properties of PET foam, underscores the industry's commitment to innovation and sustainability.
1. Construction Boom in Asia-Pacific: The growing middle-class population in developing economies like China, India, and ASEAN countries is driving increased demand for housing and infrastructure development. PET foam, known for its ease of installation, energy efficiency, and eco-friendliness, is being widely adopted in architectural and construction applications, further boosting the market.
2. Automotive Industry Adoption: Rising demand for lightweight and fuel-efficient vehicles has spurred the use of PET foam in various automotive components, resulting in a weight reduction of approximately 10% and improved fuel economy by 3% to 7%. The market is expected to rebound as the automotive sector recovers from recent challenges and electric vehicle adoption grows.
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What is Global PET Foam Market Regional Insight?
The Asia-Pacific region dominated the PET Foam market in 2022 and is expected to continue growing at a CAGR of 8.12% during the forecast period. China's aerospace strategy, infrastructure development, packaging industry growth, and automotive sector expansion are key drivers of PET foam demand in the region.
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What is Global PET Foam Market Segmentation?
by Raw Material
1. Virgin PET
2. Recycled PET
by Grade Type
1. Low-density
2. High-density
by End-Use Industry
1. Building & Construction
2. Wind Energy
3. Marine
4. Packaging
5. Transportation
6. Others
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Who are Global PET Foam Market Key Players?
1. Carbon-Core Corp. (US)
2. CoreLite (US)
3. 3M (US)
4. Huntsman International (US)
5. Sealed Air (US)
6. Wisconsin Foam Products (US)
7. Protac Inc. (US)
8. Pregis LLC (US)
9. Acrylic Depot (Canada)
10. Changzhou Tiansheng New Materials Co. Ltd (China)
11. Sekisui Plastics (Japan)
12. Nitto Denko Corporation (Japan)
13. TORAY INDUSTRIES, INC (Japan)
14. INOAC CORPORATION (Japan)
15. Furukawa Electric Co., Ltd. (Japan)
16. Armacell International SA (Germany)
17. 3A Composites (Switzerland)
18. Gurit Holding (Switzerland)
19. Synthos S.A (Poland)
20. DIAB Group (Sweden)
21. J.H. Ziegler Gmbh (Germany)
22. Schweiter Technologies (Switzerland)
23. BASF SE (Germany)
24. Zotefoams Plc (UK)
25. Palziv Inc. (Israel)
Table of content for the Global PET Foam Market includes:
Global PET Foam Market: Research Methodology
Global PET Foam Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global PET Foam Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape
Market Size, Share, Size & Forecast by different segment |
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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Contact Maximize Market Research:
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About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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