PET Foam Market worth $503 million by 2027 – Exclusive Report by MarketsandMarkets™ – PR Newswire

Searching for your content…
In-Language News
Contact Us
888-776-0942
from 8 AM – 10 PM ET
News provided by
Jun 01, 2022, 05:30 ET
Share this article
CHICAGO, June 1, 2022 /PRNewswire/ — According to the new market research 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", published by MarketsandMarkets™, the global PET foam market size 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.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=19032949
Browse in-depth TOC on "PET Foam Market"
175 – Tables
37 – Figures
173 – Pages
View Detailed Table of Content Here: https://www.marketsandmarkets.com/Market-Reports/pet-foam-market-19032949.html
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.
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 fastest-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.
Request Sample Pages:https://www.marketsandmarkets.com/requestsampleNew.asp?id=19032949 
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.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=19032949
Browse Adjacent Markets: Chemicals & Material Market Research Reports & Consulting
Related Reports: 
Structural Foam Market by Material (Polyethylene, Polypropylene, Polystyrene, Polyurethane & Others), by Application (Material Handling, Building & Construction, Automotive, Electrical & Electronics, & Others) and by Region – Trends and Forecasts to 2020
https://www.marketsandmarkets.com/Market-Reports/structural-foam-market-215477914.html
About MarketsandMarkets™ 
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/pet-foam-market.asp 
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/pet-foam.asp 
SOURCE MarketsandMarkets
More news releases in similar topics
Cision Distribution 888-776-0942
from 8 AM – 9 PM ET

source