According to a new market report published by Lucintel, the future of the PET foam core market looks promising with opportunities in the wind energy, transportation, and building & construction industries. The PET foam core market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to grow with a CAGR of 2% to 4% from 2020 to 2025. The major drivers for this market are growing use of lightweight materials in the end use industries and substitution of PVC and SAN with PET foam core due to its recyclability.
Browse 135 market data tables and 167 figures spread through 251 pages and in-depth TOC on “PET Foam Core Market"
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In this market, wind energy, transportation and building & construction are the major end use industries. Lucintel forecasts that the wind energy will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to increasing penetration of PET foam core.
Europe will remain the largest market by value and volume due to increasing demand of PET foam core in transportation and wind energy industries. Asia pacific is expected to witness the highest growth over the forecast period due to growth in end use market.
Emerging trends which have direct impact on the dynamics of the industry include recycled PET as raw material for PET foam core production and development of multi density PET cores with improved strength properties. Armacell, Gurit, 3A Composites, and Diab are the major suppliers in the PET foam core market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the PET foam core market by end use industry and region and has come up with a comprehensive research report entitled “Growth Opportunities for the PET Foam Core Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the PET foam core market by end use industry and region as follows:
By End Use Industry [Volume (kt) and Value ($ Million) from 2014 to 2025]:
Wind Energy
Transportation
Building & Construction
Others
By Region [Volume (kt) and Value ($ Million) from 2014 to 2025]:
North America
Europe
Asia Pacific
The Rest of the World
This 140-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/pet-foam-core-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.