Global PET Foam Market is Projected to Grow at A CAGR of About 8.1%

Date: 2015-09-07

“The global PET foam market size in terms of value is projected to grow at a CAGR of about 8.1% between 2015 and 2020. The data mentioned in the report are based on the global demand for PET foams.

The key companies in this market are Armacell International S.A. (Luxembourg), 3A Composites (Switzerland), Gurit Holding (Switzerland), and DIAB Group (Sweden); they are consistently focusing on expanding the product portfolio and production to achieve a competitive advantage over each others. It also thereby offers advantage to serve the customers more effectively. New product launches were the most preferred strategies by the key players till 2015 that were driving the demand for PET foams. Their strategy to capture the untapped market in developing economies includes expansions, acqusitions, and joint ventures.

The Asia-Pacific region emerged to be the driving factor for this market, with a high CAGR. China leads the PET foam market terms of volume because of the increased demand of the foams in the end-use industries. The important emerging economies such as Brazil, India, Middle East, and others are further lined up for a brighter future in this market.

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