Global Polyethylene Terephthalate (PET) Foam Market By Raw Material (Virgin Polyethylene Terephthalate (PET)and Recycled Polyethylene Terephthalate (PET)), Target (Low Density Polyethylene Terephthalate (PET) Foam and High- Polyethylene Terephthalate (PET) Foam Density ), End Use Industry (Wind Energy, Automotive, Aerospace and Defense, Marine, Building and Construction, Packaging, and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Polyethylene Terephthalate (PET) Foam Market
Data Bridge Market Research analyses that the polyethylene terephthalate (PET) foam market will witness a CAGR of 7.00% for the forecast period of 2021-2028. Increase in the demand for polyethylene terephthalate (PET) foam for a wide range of applications such as wind energy, automotive, aerospace and defense, marine, building and construction, packaging, and others and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the polyethylene terephthalate (PET) foam market. This means that the polyethylene terephthalate (PET) foam market value, which was USD 310.00 million, will rocket up to USD 532.63 million by the year 2028.
The polyethylene terephthalate (PET) foams possess a great level of mechanical properties such as lightweight, high mechanical strength, and high temperature resistance. The polyethylene terephthalate (PET) foams are a result of trans esterification reaction which helps developing stable chemical and low water absorption characteristics.
Rise in demand environmental friendly plastics is the root cause fuelling up the market growth rate. Rising industrialization coupled with increasing focus of the manufacturers towards research and development activities to make use of more and more recyclable materials will also directly and positively impact the growth rate of the market. High rate of application by the marine industry will further carve the way for the growth of market. Growth and expansion of various end user verticals such as will also bolster the market growth rate. Potential growth in the wind energy market will also act as an important factor bolstering the growth rate of the market in the upward direction.
However, availability of substitutes in the market will pose a major challenge to the growth of the market. Also, fluctuations in the cost of raw materials will dampen the market growth rate. Coronavirus has adversely impacted the industries, and this will directly hamper the polyethylene terephthalate (PET) foam market growth rate.
This polyethylene terephthalate (PET) foam market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on polyethylene terephthalate (PET) foam market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Polyethylene Terephthalate (PET) Foam Market Scope and Market Size
The polyethylene terephthalate (PET) foam market is segmented on the basis of raw material, target, and end use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of raw material, the polyethylene terephthalate (PET) foam market is segmented into virgin polyethylene terephthalate (PET) and recycled polyethylene terephthalate (PET).
- On the basis of target, the polyethylene terephthalate (PET) foam market is segmented into low density polyethylene terephthalate (PET) foam and high density polyethylene terephthalate (PET) foam.
- On the basis of end use industry, the polyethylene terephthalate (PET) foam market is segmented into wind energy, automotive, aerospace and defense, marine, building and construction, packaging, and others. Automotive segment is sub-segmented into passenger cars, light commercial vehicles (LCV), heavy commercial vehicles (HCV), and others. Aerospace and defense segment is sub-segmented into commercial, military, and others. Marine segment is sub-segmented into cargo, passenger, supply vessels, and others. Building and construction segment is sub-segmented into residential, commercial, industrial, and others.
Global Polyethylene Terephthalate (PET) Foam Market Country Level Analysis
The polyethylene terephthalate (PET) foam market is analysed, and market size, volume information is provided by country, raw material, target, and end use industry referenced above.
The countries covered in the polyethylene terephthalate (PET) foam market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the polyethylene terephthalate (PET) foam market and will continue to flourish its dominance during the forecast period owing to the growth and expansion of various end user verticals in this region, rising industrialization, and growing infrastructural development activities especially in the emerging economies.
The country section of the polyethylene terephthalate (PET) foam market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Polyethylene Terephthalate (PET) Foam Market Share Analysis
The polyethylene terephthalate (PET) foam market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to polyethylene terephthalate (PET) foam market.
The major players covered in the polyethylene terephthalate (PET) foam market report are JSP, Armacell, Dow, Zotefoams Plc, Sealed Air, Carbon-Core Corp., BASF SE, INOAC CORPORATION, Thermotec, Wisconsin Foam Products, Huntsman International LLC., Palziv, Trecolan GmbH, Protac Inc., Pregis LLC, MITSUI CHEMICALS AMERICA, INC., Hira Industries LLC, SANWA KAKO CO., LTD MEDICAL, KANEKA CORPORATION and TORAY INDUSTRIES, INC., and Gurit among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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