Tuesday 9 June 2015, Amsterdam
The report, now available on ASDReports, “PET Foam Market by Grade (Low-Density & High-Density), and by Application (Wind Energy, Transportation, Marine, Packaging, Building & Construction & Others), & by Region (North America, Europe, Asia-Pacific, Middle East & Africa, and RoW - Forecast to 2020”, analyzes the global PET foam market with respect to market drivers, restraints, opportunities, and challenges in different regions.
The PET foam market is significantly showing high growth in end-use applications. The Asia-Pacific region is the fastest-growing segment of the PET foam market and is mainly attributed to high economic growth rate. It is also driven by growing increase in energy demand and sales of consumer products mainly due to the increase in population along with their ability to purchase, are eventually driving the PET foam industry. The markets in Asia-Pacific and North America are estimated to show a rising growth in the next five years with the allied industries and are expected to stabilize the overall business need in the regions.
The upsurge in the demand of PET foam, in terms of value and volume, manifest the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, new product development, investments & expansions, partnerships & agreements, and mergers & acquisitions of the leading global companies.
The PET foam market size in terms of value is projected to reach $225.44 Million by 2020, signifying a firm CAGR of 8.1% between 2015 and 2020. The high demand for the PET foam across the end-user industry will increase the overall PET foam consumption.