Quadintel published a new report on the PET Foam Market. The research report consists of thorough information about demand, growth, opportunities, challenges, and restraints. In addition, it delivers an in-depth analysis of the structure and possibility of global and regional industries.
Global PET Foam Market is valued at approximately USD $$ million in 2021 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2022-2030.
PET foam is a closed-cell thermoplastic structural foam that is a core material with some compression and shear strength. This foam is highly adopted as a core material of sandwich structure in applications such as aviation, construction, wind power, rail transportation, road transportation, and other fields.
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Accordingly, the flourishing growth of the wind energy sector, surging demand for lightweight vehicles, coupled with the rising number of strategic actions by the chief market players are the prominent factors soaring the market demand around the world. For instance, according to WWEA.org, in 2022, the total capacity of all wind turbines globally has increased and reached 840 Gigawatt compared to 742,5 Gigawatt in 2020, which is intended to offer the above % of the global power demand. Therefore, the rapid development of the wind energy sector is exhibiting a positive influence on the demand for PET foam, which is accelerating the market growth in the impending years. However, the availability of substitutes impedes the growth of the market over the forecast period of 2022-2028. Also, the growing trend of using recycled materials and substantial development of the emerging markets are anticipated to act as catalyzing factors for the market demand during the forecast period.
The key regions considered for the global PET Foam Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia Pacific is the leading region across the world in terms of market share owing to the increasing adoption of lightweight vehicles, along with the presence of the leading manufacturers and suppliers. Whereas, Middle East & Africa are anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the rising emphasis on conventional to renewable as well as growing consumption of natural power sources like wind energy would create lucrative growth prospects for the PET Foam Market across the Middle East & African region.
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Major market players included in this report are:
Armacell International SA
Changzhou Tiansheng New Materials Co. Ltd
Petro Polymer Shargh
Hunan Rifeng Composite Co., Ltd
Visight Composite Material Co., Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Raw Material:
Building & Construction
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Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028
Target Audience of the Global PET Foam Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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Table of Contents:
- Market Overview
- Market Definition and Scope
- Market Dynamics
- Market Industry Analysis
- Market, Regional Analysis
- Analysis of Leading Companies
- Competitive Intelligence
- Research Process
- Market Analysis and Forecast, By Product Types
The global market is forecast to witness a rapid growth, owing to increasing demand for technological advancements from end-users. Moreover, increasing investments in research and development activities, launches, partnerships, and other strategic initiatives will benefit the market. Furthermore, the growing focus of authorities towards increasing urbanization and industrialization is forecast to drive the market growth.
What aspects regarding the regional analysis Market are included in this report?
- Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East and Africa region.
- The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
- The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
- Based on what factors are the key market players assessed in this report?
- The report offers detailed analysis of leading companies in the market across the globe.
- It provides details of the major vendors involved in the Market including Key Players
- A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and
- the manufactured products is incorporated in the report.
- The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
- The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
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