Global PET Foam Market Size, Trends & Growth Opportunity, By Type (Low-density PET foam and High-density PET foam), By Application (Wind Energy, Transportation, Marine, Packaging, Building and Construction), By Region and Forecast till 2027
PET Foam Market
The PET foam market is expected to grow from USD 215.53 million in 2021 to USD 335.96 million by 2027, at a Compound Annual Growth Rate (CAGR) of 6.09%.
A type of foam core and the newest structural core materials in the composite industry is called as PET foam. 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, highly temperature resistant, and has good Flame, Smoke & Toxicity (FST) properties. PET foam is used in various end-use industries such as wind energy, transportation, marine, packaging, building and construction, and other applications
Market Drivers:
The market for PET foam has substantially grown in the past few years because of the growing demand from end-use industries as a potential substitute for PVC, Balsa, SAN, and other core materials. Due to its high sustainability and high mechanical properties, PET foam is steadily replacing traditional core materials such as PVC, Balsa, SAN, and others.
Moreover, key market driving factors are high demand from the wind energy industry and the growing adoption of recyclable and sustainable core materials.
Similarly, rising adoption in various end-use industries like packaging, building, and construction would offer more opportunities in this market.
CHALLENGES:
The availability of substitute products like PVC, balsa, and other core materials is a great challenge, even though PET foam is in high demand in the composite industry.
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
Regional Analysis
The Asia-Pacific region is anticipated to lead the market owing to its fast-growing middle-class population, particularly in developing economies such as China and India and ASEAN countries. Also, the need for housing is clearly increasing at a rapid pace.
Europe is likely to register substantial growth during the forecast period due to the huge funding for the development of wind energy and the speedy expansion of the automotive industry in the region.
Industry development
In January 2017, Armacell International S.A. acquired the insulation business of Nomaco. This acquisition helped Armacell International S.A. expand its polyurethane insulation foam product portfolio, and increase its customer service levels across North America.
In February 2019, 3A Composites, one of the leading players in the industry, launched the reformulated AIREX T92, a structural foam that uses PET bottles as its raw material, making it a sustainable product.
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
Key Questions Addressed by the Report
• What are the Key Opportunities in Global PET Foam Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?

Global PET Foam Market TOC:
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global PET Foam Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global PET Foam Market, By Type
5.1 Y-o-Y Growth Comparison, By Type 
5.2 Global PET Foam Market Share Analysis, By Type 
5.3 Global PET Foam Market Size and Forecast, By Type
5.3.1 Low-Density PET Foam
5.3.2 High- Density  PET Foam
6 Global PET Foam Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global PET Foam Market Share Analysis, By Application
6.3 Global PET Foam Market Size and Forecast, By Application
6.3.1 Wind Energy
6.3.2 Transportation
6.3.3 Marine
6.3.4 Packaging
6.3.5. Building
6.3.6 Construction
7 Global PET Foam Market, By Region
7.1 Global PET Foam Market Share Analysis, By Region
7.2 Global PET Foam Market Share Analysis, By Region
7.3 Global PET Foam Market Size and Forecast, By Region
8 North America PET Foam Market Analysis and Forecast (2022 – 2027)
8.1 Introduction
8.2 North America PET Foam Market Share Analysis, By Type
8.3 North America PET Foam Market Size and Forecast, By Application
8.4 North America PET Foam Market Size and Forecast, By Country
8.4.1 U.S
8.4.2 Canada
8.4.3 Mexico
9 Europe PET Foam Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 Europe PET Foam Market Share Analysis, By Type 
9.3 Europe PET Foam Market Size and Forecast, By Application 
9.4 Europe PET Foam Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10 Asia Pacific PET Foam Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Asia Pacific PET Foam Market Share Analysis, By Type 
10.3 Asia Pacific PET Foam Market Size and Forecast, By Application 
10.4 Asia Pacific PET Foam Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America PET Foam Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Latin America PET Foam Market Share Analysis, By Type 
11.3 Latin America PET Foam Market Size and Forecast, By Application 
11.4 Latin America PET Foam Market Size and Forecast, By Country
11.5.1 Brazil
11.5.2 Rest of Latin America
12 Middle East PET Foam Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Middle East PET Foam Market Share Analysis, By Type 
12.3 Middle East PET Foam Market Size and Forecast, By Application 
12.4 Middle East PET Foam Market Size and Forecast, By Country
12.5.1. Saudi Arabia
12.5.2. UAE
12.5.3. Egypt
12.5.4. Kuwait
12.5.5. South Africa
13Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
15.1 Armacell International
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 DIAB Group
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Gurit Holding
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 3A Composites
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Sekisui Plastics. Co. Ltd
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Carbon Core Corporation
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Others
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies