PET Foam Market worth $503
million by 2027

The report "PET Foam
Market by Raw Material
(Virgin PET and Recycled PET), Grade (Low-density and High-density),
Application (Wind Energy, Transportation, Marine, Building & Construction,
Packaging) and Region - Global Forecast to 2027", is projected to grow from USD 361 million
in 2022 to USD 503 million by 2027, at a CAGR of 6.9% from 2022 to 2027. PET
foam can be readily modified based on application requirements and is mainly
used in the mid-layers of sandwiched composite structures. The market for PET
foam is competitive and mainly dominated by established players. The threat of
new entrants in this market is low, as the market is capital-intensive.

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Browse in-depth TOC on "PET Foam Market"

176 - Tables

38 - Figures

174 – Pages

By raw material, recycled PET foam is estimated to be the
fasted-growing segment during the forecast period, in terms of volume

With the rising demand for energy conservation and
environmental protection, PET foam is extensively used as roofing or external
wall insulation material in green buildings. This has created an opportunity
for the PET foam manufacturers to incorporate some percentage of recycled PET
resin into PET foam production.

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By grade, high-density PET foam is estimated to be the
fasted-growing segment during the forecast period, in terms of volume

In some industries such as marine, transport, and
railways, the use of plywood is prone to decay when exposed to water.
High-density foams are appropriate for applications in the new range of PET
foam densities up to 320 kg/m3. High-density foam offers stability and peel
strength to sandwich constructions.

By application, packaging segment is estimated to be the
second fasted-growing segment during the forecast period, in terms of volume

PET foam is used in the packaging industry due to its
varied properties such as recyclability, low weight, high compressive strength,
flexibility, and temperature & chemical resistance. PET foam is used in the
manufacture of food packaging trays & containers and packaging for
electronic products. There have been advancements in technology in packaging
products such as smart labels and thermochromic labels. The growth of the
packaging industry is expected to drive the demand for PET foams.

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Europe is the second largest growing region in the PET
foam, in terms of volume

Countries such as Germany, France, the UK, Italy, and
Spain are considered under Europe for market analysis. Low-density and
high-density are the most used PET foams in Europe. They are widely used in
wind energy, marine, transportation, construction applications. The PET foam
market in Germany is expected to grow mainly due to the rising demand for core
materials in the wind energy applications.

Armacell International SA (Luxembourg), 3A Composites
(Switzerland), Gurit Holding (Switzerland), DIAB Group (Sweden), Changzhou
Tiansheng New Materials Co. Ltd (China), Sekisui Plastics (Japan), Petro
Polymer Shargh (Iran), and Carbon-Core Corp. (US) are some of the key players
operating in the PET foam market.

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