PET Foam Market Expected to Be Biggest Emerging Market by 2021
Deerfield Beach, FL -- (SBWIRE) -- 02/13/2017 -- (Polyethylene terephthalate) PET foams possess different mechanical properties and high temperature dimensional stability. It is used in different application areas such as packaging, thermal insulating, wind energy, marine, transportation and building and construction applications. It is widely used as lightweight recyclable thermoplast. PET foam fallows great number of possibilities as a core material. The well-known core materials in the industry are SAN, PVC, and PMI foams, also honeycombs and balsa. PET foam is lightweight, flexible, offers a great compressive strength and is temperature resistant.
Polyethylene Terephthalate (PET) foam market is mainly driven by increasing demand for the penetration from various end applications like marine and wind energy application. The rising demand across various application sectors such as transportation, marine, packaging, and building & construction. The Asia-Pacific region is the fastest-growing segment of the PET foam market. One of the major influencing factors for the growth of the global PET foam market is the upsurge in sales of end products owing to the increasing demand and spending by the growing population in the emerging countries such as China, India and Brazil among others. In addition, the volatile growth of the wind energy segment is in turn to improve the growth of the PET foam market as PET foams fulfill the wind energy's demand for strength, low cost and light weight.
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The report segments the global PET foam market, on the basis of PET foam grade into low-density foam and high-density foam. Based on application the market is segmented as wind energy, transportation, marine, packaging, building and construction and others. Marin and wind energy application is the leading applications of the PET foam market. The packaging, marine, building and construction applications are expected to be the growing application segment of PET foam. PET foams are also used in industrial applications such as sandwich panels, special food trolleys, advertising panels, air containers and others.
In order to give the users of this report a comprehensive view on the PET foam market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter's Five Forces model for the PET foam market has also been included. The study encompasses a market attractiveness analysis, wherein application segments are benchmarked based on their market size, growth rate and general attractiveness.
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The study provides the comprehensive perspective on the PET foam market growth, throughout the forecast period in terms of volume (in Tons) and revenue (in USD Million), across different region including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India and Brazil. Out of all the regional segments of the global market, Asia Pacific and North America will hold the dominant share in the overall PET foam market across the globe. This dominance is majorly witnessed due to the increasing demand for pet foam in its application segment.
Some of the key player operative in global PET foam market includes BASF SE, Changzhou Tiansheng New Materials Co. Ltd., Armacell International S.A., Sekisui Plastics, DIAB Group, 3A Composites, Gurit Holding, Petro Polymer Shargh and Carbon-Core Corp.
This report segments the global PET foam market as follows:
Global PET Foam Market: Foam Grade Segment Analysis
Global PET Foam Market: Application Segment Analysis
Electric Vehicle Charging
Global PET Foam Market: Regional Segment Analysis
Middle East & Africa
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