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PET Foam Market

PET Foam Market By segmentation (Low-Density PET Foam, High-Density PET Foam), By Application (Wind Energy, Transportation, Marine, Packaging, Building,Construction), By Raw Material (Virgin PET, Recycled PET), and Region | Global Research Analysis Report 2022- 2028

Report Id: SNS/C&M/1494 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

PET Foam Market is evaluated at USD 381 Million by 2021 and the market is excepted to reach USD 655 Million by 2028 and is assessed to extend at a humble CAGR of 8% from 2021 to 2028. This exploration report purposes at focusing on the most rewarding development possibilities. The point of the exploration report is to give a comprehensive valuation of the PET Foam market and it envelops insightful dreams, realities, industry-approved market discoveries, memorable information, and guesses through fitting series of expectations and practice. Worldwide PET Foam market report helps with fathoming market design and elements by perceiving and examining the market areas and anticipating the worldwide market standpoint.

PET Foam Market Revenue Graph

Driver: Adaptable froth is utilized in sheet material and furniture applications, inferable from the adaptability of the item as a primary material. Properties of adaptable froth, for example, being against microbial, lightweight, and it's capacity to form into a wide scope of shapes, make it ideal for use in a wide scope of furniture applications, like couch, beddings, and many home outfitting items too. This has prompted the expanded utilization of shopper froth for bedding and furniture applications.

Restraint: The major restraint to the growth of the consumer foam market are the price and availability of raw materials they determine the cost that require to make a product. The key raw materials used to make foam are benzene, toluene, polyol, and phosgene.

The reliable worldwide interest, combined with limit requirements of essential synthetic compounds and tars, has additionally fixed the inventory and expanded the unrefined substance costs tough natural guidelines figured out by the US Environmental Protection Agency (EPA) for new and existing plant locales that are occupied with assembling of adaptable polyurethane froths.

Opportunity:  Growing concerns regarding the use of fossil fuels and the impact of plastics on the atmosphere lead consumer foam industry to continuously suitable for sustainable business practices. Bio-derived materials like as soy-based polyols, offer significant advantages over conventional polyols in terms of sustainability. They also less depend on petroleum-based raw materials. These factors offer an opportunity for polyurethane manufacturers to reduce their dependency on petroleum-based raw materials for the production of consumer foam and also to reduce the manufacturing costs of these foams.

Challenge: Polyols are significantly used to produce purchaser froth. Developing worries in regards to the utilization of petroleum derivatives and the effect of plastics on the climate have driven the purchaser froth industry to persistently take a stab at supportable strategic approaches. Bio-inferred materials, for example, soy-based polyols, offer critical benefits over customary polyols with regards to manageability and cost-viability. They likewise decrease reliance on oil based unrefined substances. These elements offer a chance for polyurethane makers to decrease their reliance on oil based unrefined substances for the creation of buyer froth and furthermore to diminish the assembling expenses of these froths.

COVID-19 Impact Analysis

Impact on raw materials: Polyols are significantly used to produce purchaser froth. Developing worries in regards to the utilization of petroleum derivatives and the effect of plastics on the climate have driven the purchaser froth industry to persistently take a stab at supportable strategic approaches. Bio-inferred materials, for example, soy-based polyols, offer critical benefits over customary polyols with regards to manageability and cost-viability. They likewise decrease reliance on oil based unrefined substances. These elements offer a chance for polyurethane makers to decrease their reliance on oil based unrefined substances for the creation of buyer froth and furthermore to diminish the assembling expenses of these froths.

Impact on consumer foam manufacturers: The effect of the COVID-19 episode brought about most of the creation plants of customer froth in Europe have either been shut or are working with restricted limits.

Impact on end-use industries: The two significant end-use businesses affected by the COVID-19 episode are cars and bedding and furniture. Until May 2020, practically generally auto plants in Europe were shut inferable to the spread of the COVID-19. Be that as it may, all auto creation offices have resumed in China.

Huntsman International Llc, Carbon-Core Corp. Armacell, Nitto Denko Corporation, Diab Group, Gurit, Sekisui Plastics Co. Ltd, Changzhou Tiansheng New Materials Co. Ltd., Petro Polymer Shargh, 3A Composites, Corelite Inc., A One Packing Co. Limited, J.H. Ziegler Gmbh, Acrylic Depot, and Others.

Market Segmentation:

By Grade

  • Low-Density PET Foam

  • High-Density PET Foam

By Application

  • Wind Energy

  • Transportation

  • Marine

  • Packaging

  • Building

  • Construction

By Raw Material

  • Virgin PET

  • Recycled PET

PET Foam Market Segment Pie Chart

By Regional Analysis

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • South Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

PET Foam Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 381 Million
Market Size by 2028 US$ 655 Million
CAGR CAGR of 8% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By segmentation (Low-Density PET Foam, High-Density PET Foam)
• By Application (Wind Energy, Transportation, Marine, Packaging, Building,Construction)
• By Raw Material (Virgin PET, Recycled PET)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Huntsman International Llc, Carbon-Core Corp. Armacell, Nitto Denko Corporation, Diab Group, Gurit, Sekisui Plastics Co. Ltd, Changzhou Tiansheng New Materials Co. Ltd., Petro Polymer Shargh, 3A Composites, Corelite Inc., A One Packing Co. Limited, J.H. Ziegler Gmbh, Acrylic Depot, and Others.


Frequently Asked Questions (FAQ) :

The secondary type of research is done by this report.

 Ans:  CAGR of 10 % during the forecast time frame 2021 to 2028 for  PET Foam  Market.

Ans: The Middle East & Africa region has the highest share of the PET Foam  Market. 

Ans: Growing demand for lightweight vehicles worldwide is the driver for antimicrobial plastics market

 

Ans: The worldwide PET Foam market accumulated income around USD 381 Million of every 2022 and market is set to develop USD 675 Million toward the finish of 2028


Table of Contents

 

1. Executive Summary

1.2 Introduction

1.3 Market Definition

1.4 Scope

1.5 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

3.5 Regulations

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7. PEST Analysis

 

8. PET Foam Market Segmentation, by Grade

8.1 Low-Density PET Foam

8.2 High-Density PET Foam

 

9. PET Foam Market Segmentation, by Application

9.1 Wind Energy

9.2 Construction

9.3 Transportation

9.4 Marine

9.5 Packaging

9.6 Building

 

10. PET Foam Market Segmentation, by Raw Material

10.1 Virgin PET

10.2 recycled PET

 

11. Regional Coverage

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest of Middle East & Africa

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12 Company Profiles

12.1 Huntsman International LLC

12.1.1    Financial

12.1.2    Products/ Services Offered

12.1.3    SWOT Analysis

12.1.4    The SNS view

12.2 Carbon-Core Corp.

12.3 Armacell

12.4 Nitto Denko Corporation

12.5 Diab Group

12.6 Gurit

12.7 Sekisui Plastics Co. Ltd.

12.8 Changzhou Tiansheng New Materials Co. Ltd.

12.9 Petro Polymer Shargh

12.10 3A Composites

12.12 Corelite, Inc.

12.12 A One Packing Co. Limited

12.13 J.H. Ziegler Gmbh

12.14 Acrylic Depot

 

13. Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

 

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Secondary Research

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