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Pet Foam Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2023

  • Date Submitted: 01/21/2016 10:52 PM
  • Flesch-Kincaid Score: 37.7 
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Polyethylene Terephthalate (PET) is known widely and is familiar with consumers in the form of PET bottles. This has been the only area of application for this recyclable, lightweight thermoplast. However, PET foams have opened up a great number of possibilities as a core material. Well-known core materials in the industry are SAN, PVC and PMI foams, as well as balsa and honeycombs but the innovative PET foams offer an interesting ratio of stability to density. PET foam is temperature, corrosion and chemical resistant, lightweight, stable yet flexible and offers a great compressive strength.

The transportation, packaging, marine, building and construction and wind energy applications are projected to be the growing application areas of PET foam. PET foams can also be used in general industrial applications such as sandwich panels, advertising panels, special food trolleys, air containers and stage sets among others. However, the range of possible applications of PET foams is enormous. The distinct characteristics of PET foams such as low maintenance and repair costs ease of installation, chemical resistance and thermal insulation properties help to reduce the operating costs in the industrial applications. Moreover, other important properties of PET foams such as FST (fire, smoke and toxicity) properties and recyclability make it an attractive choice for applications which focus on the green aspect.

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The growing penetration of PET foam in the end-user industries such as marine and wind energy market is driving the growth of the global PET foam market. One of the major influencing factors for the growth of the global PET foam market is the upsurge in sales of end products owing to the increasing demand and spending by the growing population in the emerging countries such as China, India and Brazil among others. Therefore, the global PET...

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