Global PET Foam Market Poised for Steady Growth at a CAGR of 7.51% During 2022-2029
The global PET foam market is expected to witness significant growth over the next seven years, driven by rising demand from various end-use industries. Maximize Market Research (MMR) estimates the market to reach USD 645.11 million by 2029, expanding at a healthy compound annual growth rate (CAGR) of 7.51% from 2022.

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Overview

PET foam, also known as polyethylene terephthalate foam, is a lightweight and versatile material with excellent insulating properties. It finds application in diverse sectors, including building & construction, wind energy, marine, packaging, and transportation. The growing demand for lightweight and sustainable materials in various industries is a key factor propelling the PET foam market forward.

Scope

The MMR report offers a comprehensive analysis of the global PET foam market, encompassing market trends, opportunities, restraints, and growth drivers. It delves into various segments such as raw material (virgin PET and recycled PET), grade type (low-density and high-density), and end-use industry. Additionally, the report provides a regional breakdown of the market, highlighting key growth areas.

Segmentation

Raw Material: Virgin PET and Recycled PET
Grade Type: Low-density and High-density
End-Use Industry:
Building & Construction
Wind Energy
Marine
Packaging
Transportation
Others
COVID-19 Impact Analysis

The COVID-19 pandemic impacted the global PET foam market in the short term, disrupting supply chains and hindering demand from certain sectors. However, the market is expected to recover steadily as economic activities resume normalcy.

Regional Analysis

The MMR report analyzes the PET foam market across key regions, including North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa. Asia Pacific is anticipated to hold the dominant market share due to the region's rapid industrialization and growing demand for lightweight materials in construction and transportation.

Key Market Players

Carbon-Core Corp. (US)
CoreLite (US)
3M (US)
Huntsman International (US)
Sealed Air (US)
Wisconsin Foam Products (US)
Protac Inc. (US)
Pregis LLC (US)
Acrylic Depot (Canada)
Changzhou Tiansheng New Materials Co. Ltd (China)
Sekisui Plastics (Japan)
Nitto Denko Corporation (Japan)
TORAY INDUSTRIES, INC (Japan)
INOAC CORPORATION (Japan)
Furukawa Electric Co., Ltd. (Japan)
Armacell International SA (Germany)
3A Composites (Switzerland)
Gurit Holding (Switzerland)
Synthos S.A (Poland)
DIAB Group (Sweden)
J.H. Ziegler Gmbh (Germany)
Schweiter Technologies (Switzerland)
BASF SE (Germany)
Zotefoams Plc (UK)
Palziv Inc. (Israel)
Key Questions Answered

The MMR report addresses critical questions concerning the PET foam market, including:

What factors are driving the growth of the PET foam market?
Which segment is expected to hold the largest market share?
How has COVID-19 impacted the PET foam market?
Which region is projected to witness the fastest growth?
Who are the prominent players in the PET foam market?
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