PET Foam Market

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

Report Code: CH 3448 Feb, 2021, by marketsandmarkets.com

[155 Pages Report] 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. The PET foam market growth is estimated to be majorly driven by growing economies of Asia Pacific region. The growing demand of PET foam from the wind energy, marine, and packaging end-use industries in China, India, Japan, and Australia is driving the market growth of PET foam in  Asia Pacific region.

PET Foam Market

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COVID-19 Impact on the Global PET foam Market

The pandemic is estimated to have an adverse impact on various factors of the value chain of PET foam market, which is expected to reflect during the forecast period, especially in the year 2020. The various impact of COVID-19 are as follows:

  • Impact on wind energy industry: Amid the COVID-2019 pandemic, travel bans, disrupted supply chains, and deferred maintenance have wreaked havoc on the global wind energy industry. The global wind energy capacity installations have been affected, reducing the demand for PET foam and other core materials in 2020.

The locked down conditions, safety regulations and mobility restrictions  disrupted supply chains and temporarily delayed the construction of renewable energy installations especially onshore wind and solar PV in the global market, according to the data provided by International Energy Agency (IEA) in November 2020. Thereby, affected the growth of the PET foam in wind energy application.

PET foam Market Dynamics

Driver: Growth of the wind energy sector

Wind energy is gradually becoming a competitive industry due to the increase in initiatives taken by various governments and energy planners to diversify their energy mix and protect the economy from macroeconomic concerns like volatile prices of fossil fuels. Wind energy is a viable option for electricity generation and can be utilized as a cost-effective resource. Many government agencies worldwide have taken measures to reduce the emission of harmful greenhouse gases (GHGs) and restructure their energy systems to increase the use of renewable sources

PET foam is extensively used in the wind energy industry, thereby growing wind energy industry is estimated to promote the growth of the PET foam as well.

Restraint: Increasing competition from substitutes

There are various core foams available in the market, such as Polyvinyl Chloride (PVC), Styrene Acrylonitrile (SAN), Polymethacrylimide (PMI), and Polyetherimide (PEI). These foams are easy to process and shape and provide an excellent strength-to-weight ratio. Therefore, they are used across the wind energy, aerospace & defense marine, and transportation end-use industries. These foams can be considered a potential substitute for PET foam. Thus, the presence of a large number of substitutes is considered a key restraint for market growth.

Opportunity: Rising trend of using recycled materials

Rising environmental concerns and sustainability are propelling the demand for recyclable materials across industries. PET is one of the most commonly used polymers and is the primary material for all beverage and water bottles. Market players, such as 3A Composites (US), Armacell International SA (Luxembourg), Gurit Holding AG (Switzerland), and Diab Group (Sweden), are offering PET foams and increasing their efforts to comply with the latest market trends. For example, Armacell International SA has been manufacturing fully recyclable PET foams made from 100% recycled PET (r-PET). Armacell’s production technology involves the use of post-consumer PET packaging waste as a raw material to produce ArmaForm, a sustainable PET foam. Thus, the rising trend of using recycled materials worldwide acts as an opportunity for the PET foam market.

Challenge: Impact of COVID-19 on various end-use industries

The COVID-19 pandemic has brought the production of non-essential goods to almost a halt in most of the major economies. Automobile manufacturing in Italy, France, Germany, and the UK was completely shut, directly influencing the demand for composites in these industries. Major consumers of PET foam in the transportation, wind energy, and marine end-use industries were also adversely affected. Due to the slowdown in these industries, the demand for PET foam is estimated to reduce over the next two to three quarters.

Low-density PET foam is estimated to be the leading segment of PET foam market from 2020 to 2025, in terms of value and  volume.

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.

Wind energy application is estimated to be the fastest-growing segment of PET foam market

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.

Asia Pacific dominated the PET foam market, in terms of value and volume in 2020.

Asia Pacific is the largest region in the PET foam market owing to the increasing investments and infrastructural projects undertaken by the region’s emerging economies, such as China and India. Further, the growing demand of PET foam from the wind energy, marine, and packaging end-use industries in China, India, Japan, and Australia is driving the market growth of PET foam in the region.

PET Foam Market  by Region

Key Market Players

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.

Scope of the report

Report Metric

Details

Market Size Available for Years

2018–2025

Base Year Considered

2019

Forecast Period

2020–2025

Forecast Units

Value (USD Million ) and Volume (Tons)

Segments Covered

 Raw Material,Grade, Application, and Region

Geographies Covered

Asia Pacific, North America, Europe, Middle East & Africa, and South America

Companies Covered

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 in the PET foam market (Total of 20 companies)

This research report categorizes the PET foam market based on raw material, grade, application, and region.

  • Based on Raw Material, the PET foam Market has been segmented as follows:
    • Virgin PET
    • Recycled PET
  • Based on Grade, the PET foam Market has been segmented as follows:
    • Low-density
    • High-density
  • Based on Application, the PET foam Market has been segmented as follows:
    • Wind Energy
    • Transportation
    • Marine
    • Building & Construction
    • Packaging
    • Others (Industrial, healthcare, and sporting goods)
  • Based on Region, PET foam Market has been segmented as follows:
    • Asia Pacific
    • North America
    • Europe
    • Middle East & Africa  
    • South America

    Recent Developments

  • 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.
  • 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.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 23)
    1.1 OBJECTIVES OF THE STUDY
    1.2 COMPETITIVE INTELLIGENCE
    1.3 MARKET DEFINITION
    1.4 MARKET SCOPE
           FIGURE 1 PET FOAM MARKET: MARKET SEGMENTATION
           1.4.1 YEARS CONSIDERED FOR THE STUDY
           1.4.2 CURRENCY
           1.4.3 PACKAGE SIZE
    1.5 STAKEHOLDERS
    1.6 RESEARCH LIMITATIONS
    1.7 INCLUSIONS & EXCLUSIONS
    1.8 SUMMARY OF CHANGES MADE IN THE REVAMPED VERSION

2 RESEARCH METHODOLOGY (Page No. - 27)
    2.1 RESEARCH DATA
           FIGURE 2 PET FOAM MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
                    2.1.1.2 Key data from primary sources
                    2.1.1.3 Breakdown of primary interviews
                    2.1.1.4 Key primary insights
    2.2 MARKET SIZE ESTIMATION
           FIGURE 3 MARKET SIZE ESTIMATION
           FIGURE 4 MARKET SIZE ESTIMATION, BY GRADE
    2.3 DATA TRIANGULATION
           FIGURE 5 PET FOAM MARKET: DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS AND LIMITATIONS
           2.4.1 ASSUMPTIONS
           2.4.2 LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 35)
           TABLE 1 PET FOAM MARKET SNAPSHOT (2020 VS. 2025)
           FIGURE 6 WIND ENERGY SEGMENT EXPECTED TO DOMINATE PET FOAM MARKET FROM 2020 TO 2025
           FIGURE 7 HIGH-DENSITY PET FOAM SEGMENT PROJECTED TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
           FIGURE 8 ASIA PACIFIC EXPECTED TO BE FASTEST-GROWING MARKET FOR PET FOAM DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 39)
    4.1 ATTRACTIVE OPPORTUNITIES IN PET FOAM MARKET
           FIGURE 9 INCREASING USE OF PET FOAM IN WIND ENERGY AND PACKAGING APPLICATIONS EXPECTED TO DRIVE THE MARKET
    4.2 PET FOAM MARKET, BY REGION
           FIGURE 10 ASIA PACIFIC EXPECTED TO LEAD PET FOAM MARKET FROM 2020 TO 2025
    4.3 ASIA PACIFIC PET FOAM MARKET, BY COUNTRY & APPLICATION
           FIGURE 11 WIND ENERGY SEGMENT AND CHINA ACCOUNTED FOR THE LARGEST SHARE OF ASIA PACIFIC PET FOAM MARKET IN 2020
    4.4 PET FOAM MARKET, BY GRADE
           FIGURE 12 HIGH-DENSITY SEGMENT PROJECTED TO GROW AT A HIGHER CAGR DURING FORECAST PERIOD
    4.5 PET FOAM MARKET, BY APPLICATION
           FIGURE 13 WIND ENERGY SEGMENT EXPECTED TO LEAD PET FOAM MARKET FROM 2020 TO 2025

5 MARKET OVERVIEW (Page No. - 42)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 14 DRIVERS, RESTRAINTS, OPPORTUNITIES & CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Growth of the wind energy sector
                    5.2.1.2 Growing demand for lightweight vehicles worldwide
           TABLE 2 AUTOMOTIVE APPLICATIONS OF PET FOAM
           TABLE 3 PROPERTIES OF PET FOAM
           5.2.2 RESTRAINTS
                    5.2.2.1 Increasing competition from substitutes
           TABLE 4 COMMON SUBSTITUTES TO PET FOAM AND THEIR APPLICATIONS
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Rising trend of using recycled materials
           5.2.4 CHALLENGES
                    5.2.4.1 Impact of COVID-19 on various end-use industries

6 INDUSTRY TRENDS (Page No. - 46)
    6.1 INTRODUCTION
    6.2 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 15 PORTER’S FIVE FORCES ANALYSIS
           6.2.1 DEGREE OF COMPETITION
           6.2.2 THREAT OF SUBSTITUTES
           6.2.3 BARGAINING POWER OF BUYERS
           6.2.4 BARGAINING POWER OF SUPPLIERS
           6.2.5 THREAT 0F NEW ENTRANTS

7 MACROECONOMIC OVERVIEW AND KEY TRENDS (Page No. - 48)
    7.1 INTRODUCTION
    7.2 TRENDS AND FORECAST OF GDP
           TABLE 5 TRENDS AND FORECAST OF GDP, BY COUNTRY, 2017–2024 (USD BILLION)
    7.3 TRENDS IN THE WIND ENERGY INDUSTRY
           TABLE 6 WIND ENERGY INSTALLATION, BY COUNTRY, 2018–2019 (MW)
           FIGURE 16 WIND ENERGY INSTALLED CAPACITY, BY REGION, 2018–2019
    7.4 TRENDS IN THE AUTOMOTIVE INDUSTRY
           TABLE 7 AUTOMOTIVE PRODUCTION, BY COUNTRY, 2014–2018 (MILLION UNIT)
           FIGURE 17 AUTOMOTIVE PRODUCTION IN KEY COUNTRIES, 2017 VS. 2018 (UNITS)
    7.5 TRENDS IN THE CONSTRUCTION INDUSTRY
           TABLE 8 NORTH AMERICA: CONTRIBUTION OF THE CONSTRUCTION INDUSTRY TO GDP, BY COUNTRY, 2017–2024 (USD BILLION)
           TABLE 9 EUROPE: CONTRIBUTION OF THE CONSTRUCTION INDUSTRY TO GDP, BY COUNTRY, 2017–2024 (USD BILLION)
           TABLE 10 ASIA PACIFIC: CONTRIBUTION OF THE CONSTRUCTION INDUSTRY TO GDP, BY COUNTRY, 2017–2024 (USD BILLION)
           TABLE 11 MIDDLE EAST & AFRICA: CONTRIBUTION OF THE CONSTRUCTION INDUSTRY TO GDP, BY COUNTRY, 2017–2024 (USD BILLION)
           TABLE 12 SOUTH AMERICA: CONTRIBUTION OF THE CONSTRUCTION INDUSTRY TO GDP, BY COUNTRY, 2017–2024 (USD BILLION)
    7.6 PRICE ANALYSIS
    7.7 VALUE CHAIN ANALYSIS
           FIGURE 18 PET FOAM VALUE CHAIN ANALYSIS
    7.8 PATENT ANALYSIS
    7.9 TARIFF AND REGULATORY LANDSCAPE
    7.10 CASE STUDY
           7.10.1 USE CASES
           7.10.2 CASE STUDY 1: IMPROVED MECHANICAL PROPERTIES AND COST-EFFECTIVE PRODUCT
    7.11 TRADE FLOW
    7.12 YCC SHIFT IN PET FOAM MARKET

8 IMPACT OF COVID-19 ON THE PET FOAM MARKET (Page No. - 58)
           FIGURE 19 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020
           FIGURE 20 THREE SCENARIO-BASED ANALYSES OF THE IMPACT OF COVID-19 ON THE GLOBAL ECONOMY
    8.1 IMPACT OF COVID-19 ON THE END-USE INDUSTRIES OF PET FOAM
           8.1.1 IMPACT OF COVID-19 ON RENEWABLE ENERGY/ WIND ENERGY SECTOR
           8.1.2 IMPACT OF COVID-19 ON THE MARINE INDUSTRY
           8.1.3 IMPACT OF COVID-19 ON THE AUTOMOTIVE/TRANSPORTATION INDUSTRY
           8.1.4 IMPACT OF COVID-19 ON THE CONSTRUCTION INDUSTRY

9 PET FOAM MARKET, BY RAW MATERIAL (Page No. - 63)
    9.1 INTRODUCTION
           TABLE 13 PET FOAM MARKET SIZE, BY RAW MATERIAL, 2018–2025 (USD MILLION)
           TABLE 14 PET FOAM MARKET SIZE, BY RAW MATERIAL, 2018–2025 (TONS)
           FIGURE 21 RECYCLED PET SEGMENT EXPECTED TO DOMINATE PET FOAM MARKET DURING FORECAST PERIOD
    9.2 RECYCLED PET
           9.2.1 SHIFT TOWARDS SUSTAINABLE USE OF PET BOTTLES IS EXPECTED TO DRIVE THIS SEGMENT
    9.3 VIRGIN PET
           9.3.1 VIRGIN PET FOAM MATERIALS HAVE HIGH APPLICABILITY IN VARIED APPLICATIONS

10 PET FOAM MARKET, BY GRADE (Page No. - 66)
     10.1 INTRODUCTION
           TABLE 15 PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (USD MILLION)
           TABLE 16 PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (TONS)
           FIGURE 22 LOW-DENSITY SEGMENT EXPECTED TO DOMINATE PET FOAM MARKET FROM 2020 TO 2025
     10.2 LOW-DENSITY
             10.2.1 WIDE RANGING APPLICATION AND PROPERTIES OF LOW-DENSITY PET FOAM ARE DRIVING THIS SEGMENT
           TABLE 17 LOW-DENSITY PET FOAM MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
           TABLE 18 LOW-DENSITY PET FOAM MARKET SIZE, BY REGION, 2018–2025 (TONS)
     10.3 HIGH-DENSITY
             10.3.1 HIGH DEMAND IN PACKAGING APPLICATION IS DRIVING THE HIGH-DENSITY PET FOAM SEGMENT
           TABLE 19 HIGH-DENSITY PET FOAM MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
           TABLE 20 HIGH-DENSITY PET FOAM MARKET SIZE, BY REGION, 2018–2025 (TONS)

11 PET FOAM MARKET, BY APPLICATION (Page No. - 71)
     11.1 INTRODUCTION
           TABLE 21 PET FOAM MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
           TABLE 22 PET FOAM MARKET SIZE, BY APPLICATION, 2020–2025 (TONS)
           FIGURE 23 WIND ENERGY SEGMENT IS EXPECTED TO LEAD PET FOAM MARKET DURING THE FORECAST PERIOD
     11.2 WIND ENERGY
           TABLE 23 PET FOAM MARKET IN WIND ENERGY, BY REGION, 2018–2025 (USD MILLION)
           TABLE 24 PET FOAM MARKET IN WIND ENERGY, BY REGION, 2018–2025 (TONS)
     11.3 TRANSPORTATION
           TABLE 25 PET FOAM MARKET IN TRANSPORTATION, BY REGION, 2018–2025 (USD MILLION)
           TABLE 26 PET FOAM MARKET IN TRANSPORTATION, BY REGION, 2018–2025 (TONS)
     11.4 MARINE
           TABLE 27 PET FOAM MARKET IN MARINE, BY REGION, 2018–2025 (USD MILLION)
           TABLE 28 PET FOAM MARKET IN MARINE, BY REGION, 2018–2025 (TONS)
     11.5 PACKAGING
           TABLE 29 PET FOAM MARKET IN PACKAGING, BY REGION, 2018–2025 (USD MILLION)
           TABLE 30 PET FOAM MARKET IN PACKAGING, BY REGION, 2018–2025 (TONS)
     11.6 BUILDING & CONSTRUCTION
           TABLE 31 PET FOAM MARKET IN BUILDING & CONSTRUCTION, BY REGION, 2018–2025 (USD MILLION)
           TABLE 32 PET FOAM MARKET IN BUILDING & CONSTRUCTION, BY REGION, 2018–2025 (TONS)
     11.7 OTHERS
           TABLE 33 PET FOAM MARKET IN OTHER APPLICATIONS, BY REGION, 2018–2025 (USD MILLION)
           TABLE 34 PET FOAM MARKET IN OTHER APPLICATIONS, BY REGION, 2018–2025 (TONS)

12 PET FOAM MARKET, BY REGION (Page No. - 79)
     12.1 INTRODUCTION
           FIGURE 24 ASIA PACIFIC EXPECTED TO BE THE LARGEST MARKET FOR PET FOAM DURING FORECAST PERIOD
           TABLE 35 PET FOAM MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
           TABLE 36 PET FOAM MARKET SIZE, BY REGION, 2018–2025 (TONS)
     12.2 ASIA PACIFIC
           FIGURE 25 ASIA PACIFIC PET FOAM MARKET SNAPSHOT
           TABLE 37 ASIA PACIFIC: PET FOAM MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
           TABLE 38 ASIA PACIFIC: PET FOAM MARKET, BY COUNTRY, 2018–2025 (TONS)
           TABLE 39 ASIA PACIFIC: PET FOAM MARKET SIZE, BY RAW MATERIAL, 2018–2025 (USD MILLION)
           TABLE 40 ASIA PACIFIC: PET FOAM MARKET SIZE, BY RAW MATERIAL, 2018–2025 (TONS)
           TABLE 41 ASIA PACIFIC: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (USD MILLION)
           TABLE 42 ASIA PACIFIC: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (TONS)
           TABLE 43 ASIA PACIFIC: PET FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
           TABLE 44 ASIA PACIFIC: PET FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (TONS)
             12.2.1 CHINA
                        12.2.1.1 Growth of the wind energy sector and the presence of leading PET foam manufacturers drive the market in China
           TABLE 45 CHINA: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (USD MILLION)
           TABLE 46 CHINA: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (TONS)
           TABLE 47 CHINA: PET FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
           TABLE 48 CHINA: PET FOAM MARKET SIZE, BY APPLICATION, 2018–2025(TONS)
             12.2.2 INDIA
                        12.2.2.1 High demand for PET foam in wind energy application is driving the market growth in India
           TABLE 49 INDIA: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (USD MILLION)
           TABLE 50 INDIA: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (TONS)
           TABLE 51 INDIA: PET FOAM MARKET SIZE, BY APPLICATION,2018–2025 (USD MILLION)
           TABLE 52 INDIA: PET FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (TONS)
             12.2.3 JAPAN
                        12.2.3.1 Growth of automotive & transportation industries is expected to boost the demand for PET foam
           TABLE 53 JAPAN: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (USD MILLION)
           TABLE 54 JAPAN: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (TONS)
           TABLE 55 JAPAN: PET FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
           TABLE 56 JAPAN: PET FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (TONS)
             12.2.4 SOUTH KOREA
                        12.2.4.1 Rising demand for renewable energy is driving the PET foam market
           TABLE 57 SOUTH KOREA: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (USD MILLION)
           TABLE 58 SOUTH KOREA: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (TONS)
           TABLE 59 SOUTH KOREA: PET FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
           TABLE 60 SOUTH KOREA: PET FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (TONS)
             12.2.5 REST OF ASIA PACIFIC
           TABLE 61 REST OF ASIA PACIFIC: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (USD MILLION)
           TABLE 62 REST OF ASIA PACIFIC: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (TONS)
           TABLE 63 REST OF ASIA PACIFIC: PET FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
           TABLE 64 REST OF ASIA PACIFIC: PET FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (TONS)
     12.3 NORTH AMERICA
           FIGURE 26 NORTH AMERICA PET FOAM MARKET SNAPSHOT
           TABLE 65 NORTH AMERICA: PET FOAM MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
           TABLE 66 NORTH AMERICA: PET FOAM MARKET SIZE, BY COUNTRY, 2018–2025 (TONS)
           TABLE 67 NORTH AMERICA: PET FOAM MARKET SIZE, BY RAW MATERIAL, 2018–2025 (USD MILLION)
           TABLE 68 NORTH AMERICA: PET FOAM MARKET SIZE, BY RAW MATERIAL, 2018–2025 (TONS)
           TABLE 69 NORTH AMERICA: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (USD MILLION)
           TABLE 70 NORTH AMERICA: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (TONS)
           TABLE 71 NORTH AMERICA: PET FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
           TABLE 72 NORTH AMERICA: PET FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (TONS)
             12.3.1 US
                        12.3.1.1 High demand for marine applications is expected to drive the market
           TABLE 73 US: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (USD MILLION)
           TABLE 74 US: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (TONS)
           TABLE 75 US: PET FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
           TABLE 76 US: PET FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (TONS)
             12.3.2 CANADA
                        12.3.2.1 Increased demand for PET foam in wind energy applications is expected to boost the market
           TABLE 77 CANADA: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (USD MILLION)
           TABLE 78 CANADA: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (TONS)
           TABLE 79 CANADA: PET FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
           TABLE 80 CANADA: PET FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (TONS)
             12.3.3 MEXICO
                        12.3.3.1 Growing investment in renewable power generation is expected to drive the market
           TABLE 81 MEXICO: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (USD MILLION)
           TABLE 82 MEXICO: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (TONS)
           TABLE 83 MEXICO: PET FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
           TABLE 84 MEXICO: PET FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (TONS)
     12.4 EUROPE
           FIGURE 27 EUROPE PET FOAM MARKET SNAPSHOT
           TABLE 85 EUROPE: PET FOAM MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
           TABLE 86 EUROPE: PET FOAM MARKET SIZE, BY COUNTRY, 2018–2025 (TONS)
           TABLE 87 EUROPE: PET FOAM MARKET SIZE, BY RAW MATERIAL, 2018–2025 (USD MILLION)
           TABLE 88 EUROPE: PET FOAM MARKET SIZE, BY RAW MATERIAL, 2018–2025 (TONS)
           TABLE 89 EUROPE: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (USD MILLION)
           TABLE 90 EUROPE: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (TONS)
           TABLE 91 EUROPE: PET FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
           TABLE 92 EUROPE: PET FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (TONS)
             12.4.1 GERMANY
                        12.4.1.1 Wind energy is the largest consumer of PET foam in the country
           TABLE 93 GERMANY: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (USD MILLION)
           TABLE 94 GERMANY: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (TONS)
           TABLE 95 GERMANY: PET FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
           TABLE 96 GERMANY: PET FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (TONS)
             12.4.2 FRANCE
                        12.4.2.1 Growing investment towards wind energy will propel the demand in the country
           TABLE 97 FRANCE: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (USD MILLION)
           TABLE 98 FRANCE: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (TONS)
           TABLE 99 FRANCE: PET FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
           TABLE 100 FRANCE: PET FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (TONS)
             12.4.3 UK
                        12.4.3.1 Growing initiative toward reduction of greenhouse gases is expected to drive the market
           TABLE 101 UK: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (USD MILLION)
           TABLE 102 UK: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (TONS)
           TABLE 103 UK: PET FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
           TABLE 104 UK: PET FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (TONS)
             12.4.4 ITALY
                        12.4.4.1 Growth of the marine industry will fuel the market for PET foam
           TABLE 105 ITALY: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (USD MILLION)
           TABLE 106 ITALY: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (TONS)
           TABLE 107 ITALY: PET FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
           TABLE 108 ITALY: PET FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (TONS)
             12.4.5 SPAIN
                        12.4.5.1 Government initiatives towards the growth of wind energy will propel the demand for PET foams
           TABLE 109 SPAIN: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (USD MILLION)
           TABLE 110 SPAIN: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (TONS)
           TABLE 111 SPAIN: PET FOAM MARKET SIZE, BY APPLICATION,2018–2025 (USD MILLION)
           TABLE 112 SPAIN: PET FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (TONS)
             12.4.6 REST OF EUROPE
           TABLE 113 REST OF EUROPE: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (USD MILLION)
           TABLE 114 REST OF EUROPE: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (TONS)
           TABLE 115 REST OF EUROPE: PET FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
           TABLE 116 REST OF EUROPE: PET FOAM MARKET SIZE, BY APPLICATION, 2018–2025 (TONS)
     12.5 MIDDLE EAST & AFRICA
           TABLE 117 MIDDLE EAST & AFRICA: PET FOAM MARKET SIZE, BY SUBREGION, 2018–2025 (USD MILLION)
           TABLE 118 MIDDLE EAST & AFRICA: PET FOAM MARKET SIZE, BY SUBREGION, 2018–2025 (TONS)
           TABLE 119 MIDDLE EAST & AFRICA: PET FOAM MARKET SIZE, BY RAW MATERIAL, 2018–2025 (USD MILLION)
           TABLE 120 MIDDLE EAST & AFRICA: PET FOAM MARKET SIZE, BY RAW MATERIAL, 2018–2025 (TONS)
           TABLE 121 MIDDLE EAST & AFRICA: PET FOAM MARKET SIZE, BY GRADE, 2020—2025 (USD MILLION)
           TABLE 122 MIDDLE EAST & AFRICA: PET FOAM MARKET SIZE, BY GRADE, 2018-2025 (TONS)
           TABLE 123 MIDDLE EAST & AFRICA: PET FOAM MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
           TABLE 124 MIDDLE EAST & AFRICA: PET FOAM MARKET SIZE, BY APPLICATION, 2018-2025 (TONS)
             12.5.1 MIDDLE EAST
                        12.5.1.1 Growth of the wind energy sector is expected to propel the demand for PET foams
           TABLE 125 MIDDLE EAST: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (USD MILLION)
           TABLE 126 MIDDLE EAST: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (TONS)
           TABLE 127 MIDDLE EAST: PET FOAM MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
           TABLE 128 MIDDLE EAST: PET FOAM MARKET SIZE, BY APPLICATION, 2018-2025 (TONS)
             12.5.2 AFRICA
                        12.5.2.1 Growth of the wind energy and construction sectors in Africa is expected to drive the demand for PET foams
           TABLE 129 AFRICA: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (USD MILLION)
           TABLE 130 AFRICA: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (TONS)
           TABLE 131 AFRICA: PET FOAM MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
           TABLE 132 AFRICA: PET FOAM MARKET SIZE, BY APPLICATION, 2018-2025 (TONS)
     12.6 SOUTH AMERICA
           TABLE 133 SOUTH AMERICA: PET FOAM MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
           TABLE 134 SOUTH AMERICA: PET FOAM MARKET SIZE, BY COUNTRY, 2018–2025 (TONS)
           TABLE 135 SOUTH AMERICA: PET FOAM MARKET SIZE, BY RAW MATERIAL, 2018–2025 (USD MILLION)
           TABLE 136 SOUTH AMERICA: PET FOAM MARKET SIZE, BY RAW MATERIAL, 2018–2025 (TONS)
           TABLE 137 SOUTH AMERICA: PET FOAM MARKET SIZE, BY GRADE, 2020—2025 (USD MILLION)
           TABLE 138 SOUTH AMERICA: PET FOAM MARKET SIZE, BY GRADE, 2018-2025 (TONS)
           TABLE 139 SOUTH AMERICA: PET FOAM MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
           TABLE 140 SOUTH AMERICA: PET FOAM MARKET SIZE, BY APPLICATION, 2018-2025 (TONS)
             12.6.1 BRAZIL
                        12.6.1.1 Growth of wind energy sector propel the demand for PET foams
           TABLE 141 BRAZIL: PET FOAM MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
           TABLE 142 BRAZIL: PET FOAM MARKET SIZE, BY APPLICATION, 2018-2025 (TONS)
           TABLE 143 BRAZIL: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (USD MILLION)
           TABLE 144 BRAZIL: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (TONS)
             12.6.2 REST OF SOUTH AMERICA
           TABLE 145 REST OF SOUTH AMERICA: PET FOAM MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
           TABLE 146 REST OF SOUTH AMERICA: PET FOAM MARKET SIZE, BY APPLICATION, 2018-2025 (TONS)
           TABLE 147 REST OF SOUTH AMERICA: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (USD MILLION)
           TABLE 148 REST OF SOUTH AMERICA: PET FOAM MARKET SIZE, BY GRADE, 2018–2025 (TONS)

13 COMPETITIVE LANDSCAPE (Page No. - 120)
     13.1 OVERVIEW
           FIGURE 28 COMPANIES ADOPTED ORGANIC AND INORGANIC GROWTH STRATEGIES BETWEEN JANUARY 2017 AND DECEMBER 2020
     13.2 MARKET EVALUATION FRAMEWORK
           FIGURE 29 MARKET EVALUATION FRAMEWORK: 2020 SAW STRATEGIC DEALS LEADING THIS SPACE
     13.3 MARKET SHARE ANALYSIS
             13.3.1 MARKET SHARE ANALYSIS OF TOP PLAYERS IN THE PET FOAM MARKET
             13.3.2 REVENUE ANALYSIS OF SOME OF THE LEADING COMPANIES IN THE PET FOAM MARKET, 2015-2019
     13.4 COMPANY EVALUATION QUADRANT MATRIX DEFINITIONS AND METHODOLOGY, 2019
             13.4.1 STAR
             13.4.2 EMERGING LEADERS
             13.4.3 PERVASIVE
             13.4.4 PARTICIPANTS
           FIGURE 30 PET FOAM MARKET: COMPETITIVE LANDSCAPE MAPPING, 2019
     13.5 COMPETITIVE BENCHMARKING
             13.5.1 STRENGTH OF PRODUCT PORTFOLIOS
             13.5.2 BUSINESS STRATEGY EXCELLENCE
     13.6 KEY MARKET DEVELOPMENTS
           TABLE 149 DEALS, 2017–2020
           TABLE 150 OTHERS, 2017–2020
           TABLE 151 PRODUCT LAUNCHES, 2017–2020

14 COMPANY PROFILE (Page No. - 131)
(Business Overview, Products Offered, Recent Developments, Key strengths/right to win, Strategic choices made, Weaknesses and competitive threats, MnM View)* 
     14.1 3A COMPOSITES
           FIGURE 31 3A COMPOSITES: COMPANY SNAPSHOT
     14.2 DIAB GROUP
           FIGURE 32 DIAB GROUP: COMPANY SNAPSHOT
     14.3 GURIT HOLDING AG
           FIGURE 33 GURIT HOLDING AG: COMPANY SNAPSHOT
     14.4 ARMACELL INTERNATIONAL S.A.
           FIGURE 34 ARMACELL INTERNATIONAL S.A.: COMPANY SNAPSHOT
     14.5 SEKISUI CHEMICAL CO LTD
           FIGURE 35 SEKISUI CHEMICAL CO LTD: COMPANY SNAPSHOT
     14.6 CHANGZHOU TIANSHENG NEW MATERIALS CO. LTD
     14.7 PETRO POLYMER SHARGH (PPS)
     14.8 CARBON-CORE CORP.
     14.9 COMPOSITE ESSENTIAL MATERIALS LLC
     14.10 VISIGHT COMPOSITE MATERIAL CO., LTD
     14.11 CORELITE
     14.12 HUNAN RIFENG COMPOSITE CO., LTD
     14.13 XTX COMPOSITES
*Details on Business Overview, Products Offered, Recent Developments, Key strengths/right to win, Strategic choices made, Weaknesses and competitive threats,  MnM View might not be captured in case of unlisted companies. 

15 APPENDIX (Page No. - 150)
     15.1 DISCUSSION GUIDE
     15.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
     15.3 AVAILABLE CUSTOMIZATIONS
     15.4 RELATED REPORTS
     15.5 AUTHOR DETAILS

 


 

The study involved four major activities in estimating the current size of the PET foam market. Exhaustive secondary research was done to collect information on the market, peer markets, and parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across the PET foam value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

Secondary sources referred to for this study include Hoovers, Bloomberg, BusinessWeek, and Dun & Bradstreet, were referred for identifying and collecting information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, and articles by recognized authors, authenticated directories, and databases. Secondary data has been collected and analyzed to arrive at the overall market size, which is further validated by primary research.

Primary Research

The PET foam market comprises several stakeholders, such as raw material suppliers, manufacturers, distributors, service providers, end-product manufacturers, and regulatory organizations in the supply chain.

As part of the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report on the PET foam market. Primary sources from the supply side included industry experts such as Chief Executive Officers (CEOs), vice presidents, marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the PET foam market. Primary sources from the demand side included directors, marketing heads, and purchase managers from various end-use industries.

PET Foam Market  Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the PET foam market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size included the following:

  • The key players were identified through extensive primary and secondary research.
  • The value chain and market size of the PET foam market, in terms of value and volume, were determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for opinions from key leaders, such as CEOs, directors, and marketing executives.

Global PET foam Market Size: Bottom-Up Approach

PET Foam Market  Size, Bottom-Up Approach

Data Triangulation

After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides. In addition to this, the market size was validated using both top-down and bottom-up approaches.

Report Objectives

Market Intelligence

  • To determine and project the size of the PET foam market with respect to raw material, grade, application, and region, over five years, from 2020 to 2025
  • To identify attractive opportunities in the market by determining the largest and the fastest-growing segments across key regions
  • To project the size of the market segments, in terms of value and volume, with respect to five regions: Asia Pacific, North America, Europe, the Middle East & Africa, and South America
  • To provide detailed information regarding the crucial factors influencing the growth of the market (drivers, opportunities, restraints, and challenges)
  • To analyze competitive developments, such as expansions, acquisitions, and product launches in the PET foam market
  •  To analyze the demand-side factors based on the impact of macroeconomic and microeconomic factors on different segments of the market across different regions

Competitive Intelligence

  • To identify and profile key players in the PET foam market
  • To determine the market share of key players operating in the market
  • To provide a comparative analysis of market leaders based on the following:
    • Product offerings
    • Business strategies
    • Strengths and weaknesses
    • Key financials
  • To understand the competitive landscape of the market and identify key growth strategies adopted by the leading players across key regions

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

  • Further country-level breakdown of the Rest of Europe into Denmark and Poland in the PET foam market
  • Product matrix, which gives a detailed comparison of the product portfolio of each company
COVID-19

Get in-depth analysis of the COVID-19 impact on the PET Foam Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the PET Foam Market

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