PET Foam Market Size, Growth Analysis, Demand and Forecast Report by 2027

PET foam market is expected to grow from USD 175.38 million in 2019 to USD 335.96 million by 2027, at a Compound Annual Growth Rate (CAGR) of 11.44%.

PET foam is a type of foam core and the newest structural core materials in the composite industry. Polyethylene terephthalate (PET) is a thermoplastic polymer resin of the polyester family, used in the manufacturing of PET foam. PET foam is unique core material as it is lightweight, 100% recyclable and sustainable, thermoformable, high temperature resistant, and has good Flame, Smoke & Toxicity (FST) properties.

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Due to its high sustainability and high mechanical properties, PET foam is steadily substituting traditional core materials such as PVC, Balsa, SAN and others. PET foam is used in various end-use industries such as wind energy, transportation, marine, packaging, building and construction, and other applications.

Market Dynamics:

The market for PET foam has grown significantly in past few years, owing to increasing demand from end-use industries, as a potential substitute for PVC, Balsa, SAN and other core materials. Major driving factors include high demand from wind energy industry, and growing adoption of recyclable and sustainable core materials. Also, increasing adoption in various end-use industries such as packaging, building and construction would offer more opportunities in this market. However, availability of substitute for PET foam could pose as a major challenge in this market.

Key Market Players:

The leading players of the global PET Foam market include Armacell International, DIAB Group, Gurit Holding, 3A Composites, Sekisui Plastics. Co. Ltd, Carbon Core Corporation and Others.

Market Taxonomy

By Type

Low-Density PET Foam
High-Density PET Foam

By Application

Wind Energy
Transportation
Marine
Packaging
Building
Construction

By Region

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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