Lucintel Forecasts the Global PET Foam Core Market to Reach $269 Million by 2030
Lucintel Forecasts the Global PET Foam Core Market to Reach $269 Million by 2030
Blog Article
According to a market report by Lucintel, the future of the global PET foam core market looks promising with opportunities in the wind energy, transportation, and building & construction end uses. The global PET foam core market is expected to reach an estimated $269 million by 2030 from $198 million in 2023 at a CAGR of 5% from 2023 to 2030. 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.
A more than 150-page report to understand trends, opportunity and forecast in global PET foam core market to 2030 by end use (wind energy, transportation, building and construction, and others) and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that wind energy will remain the largest and highest growing segment due to increasing penetration of PET foam core over the forecast period.
APAC will remain the largest market by value and volume due to increasing demand of PET foam core in transportation and wind energy industries and also it is expected to witness the highest growth over the forecast period.
Armacell, Gurit, 3A Composites, Diab Group are the major suppliers in the PET foam core market.
This unique 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 write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056