The report covers the global PET foam market and further segments the market on the basis of grade, application, and region. The market data for these segmentation is given with respect to volume (tons) and value ($million). The global global PET foam market size in terms of value is projected to grow at a CAGR of about 8.1% between 2022 and 2031. The data mentioned in the report are based on the global demand for PET foams.
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The PET foam market has been analyzed based on the Porter’s five forces model. This gives an idea about the current proceedings in the industry at commercial level. The study provides the value chain analysis with respect to the technology providers, PET foam manufacturers, and end-user industries. The value chain describes the key contributors to the global PET foam market at different stages from product development to end use. It represents the key players which are contributing to the global PET foam industry.
The impact of different market factors, such as drivers, restraints, and opportunities, are also illustrated in the report. This gives an idea about the key drivers such as government regulatory funding, product manufacturer’s awareness, application growth for global PET foam in Asia-Pacific, especially in China and India where there is robust growth in end-use applications followed by infrastructural developments in the country.
The global PET foam market is also classified based on different applications. The important applications include wind energy, transportation, marine, packaging, building & construction, and others.
The key companies in this market are Armacell International S.A. (Luxembourg), 3A Composites (Switzerland), Gurit Holding (Switzerland), and DIAB Group (Sweden); they are consistently focusing on expanding the product portfolio and production to achieve a competitive advantage over each others. It also thereby offers advantage to serve the customers more effectively. New product launches were the most preferred strategies by the key players till 2022 that were driving the demand for PET foams. Their strategy to capture the untapped market in developing economies includes expansions, acqusitions, and joint ventures.
The Asia-Pacific region emerged to be the driving factor for this market, with a high CAGR. China leads the PET foam market terms of volume because of the increased demand of the foams in the end-use industries. The important emerging economies such as Brazil, India, Middle East, and others are further lined up for a brighter future in this market.
The report also presents a competitive landscape covering different strategies and developments such as mergers & acquisitions, investments & expansions, new product launches, agreements and collaborations adopted by the leading global PET foam companies in the past few years. Furthermore, different global PET foam market participants are also profiled in the report.
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Scope of the report
The global PET foam market is segment as follows:
The global PET foam market has been covered in detail in this report. To provide an all-round picture, the current market demand and forecasts have also been included.
On the basis of PET foam Grade:
On the basis of application:
• Wind Energy
• Building & Construction
On the basis of regions:
• North America
• Middle East & Africa
The market is further analyzed for key countries in each of these regions.
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