English Extended Distribution Market Research Menafn Reportedtimes Research Newswire

PET Foam Market worth $448 million by 2025

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 Others ), Region – Global Forecast to 2025“, MarketsandMarkets: The PET foam market is projected to grow from USD 316 million in 2020 to USD 448 million by 2025, at a CAGR of 7.2% from 2020 to 2025.

Don’t miss out on business opportunities in Pet Foam Market

Speak to our analyst and gain crucial industry insights that will help your business grow: 
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=19032949

Low-density PET foam is considered an ideal solution for various end-use industries including transportation, wind energy, building & construction, and packaging, owing to its lightweight and excellent chemical and electrical resistance. Thus, the wide application of low-density PET foam and its superior qualities compared to the other core materials is driving the segment.

PET foam is extensively used in wind blades owing to its advantageous properties. For instance, PET foam offers excellent stiffness, fatigue, and strength-to-weight ratio. This lightweight structure plays an important role in the manufacturing of wind blades, helping in the manufacture of larger and more efficient rotor blades. The compressive and shear strength of the foam must hold up the mechanical structure of the wind blade. PET foam is used in the manufacturing of wind turbine blades and their parts such as rotor blades, nacelles, spinners, and housing, reducing the manufacturing cost and improving performance.

Browse and in-depth TOC on “Pet Foam Market – Global Forecast to 2025”

151 – Tables
35 – Figures
155 – Pages

View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/pet-foam-market-19032949.html

The PET foam market is projected to grow from USD 316 million in 2020 to USD 448 million by 2025, at a CAGR of 7.2% from 2020 to 2025, owing to increasing demand from the wind energy and marine industry. Wind energy is expected to be the fastest-growing segment during the forecast period as the use of core materials helps reduce the overall weight of wind turbine blades, thus enhancing their efficiency.

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. These players have adopted strategies such as agreements, partnerships & joint ventures, new product & technology launches, and expansions to enhance their business revenue and market share. Expansion of manufacturing plants and offices globally is the key strategy adopted by these players to cater to the increasing demand for PET foam.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=19032949

Armacell International S.A. (Luxembourg) is the leading player in the global PET foam market. In February 2020, Armacell International S.A. entered into a joint venture with Swiss CMT, an engineering company with expertise in composite materials and technologies. The joint venture is expected to lead to the development and industrialization of ArmaShape, a particle foam made from 100% recycled PET.

Another important player in the global PET foam market is Diab Group (Sweden), In November 2019, The Diab Group and SKAPS India entered into a partnership to establish a manufacturing facility in India. This facility is expected to manufacture PET foam to meet the increasing demand for core materials from the wind energy and other industries.

Browse Adjacent Markets @ Chemicals Market Research Reports & Consulting

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.

Tags: PET Foam Market application, PET Foam market, PET Foam Market Size, PET Foam Market Share, PET Foam Market industry, PET Foam Market type

See Campaign: http://www.marketsandmarkets.com/Market-Reports/pet-foam-market-19032949.html
Contact Information:
Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441 Email: [email protected] Research Insights: https://www.marketsandmarkets.com/ResearchInsight/pet-foam-market.asp

Tags:
, Menafn, Reportedtimes, Extended Distribution, Research Newswire, English

image

Contact Information:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: [email protected]
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/pet-foam-market.asp

Add Comment

Click here to post a comment

Your email address will not be published. Required fields are marked *