According to a new market report published by Lucintel, the future of the global PET foam core market looks promising with opportunities in the wind energy, transportation, and building & construction industries. The global PET foam core market is expected to grow with a CAGR of 5.0% from 2019 to 2024. 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.
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 global PET foam core market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global PET foam core market by end use industry and region and has come up with a comprehensive research report entitled “Growth Opportunities for the Global PET Foam Core Market 2019-2024: 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 global PET foam core market by end use industry and region as follows:
By End Use Industry [Volume (kt) and Value ($ Million) from 2013 to 2024]:
• Wind Energy
• Building & Construction
By Region [Volume (kt) and Value ($ Million) from 2013 to 2024]:
• North America
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 email@example.com. Lucintel offerings include advanced materials reports, composite materials market report, strategic growth consulting, market research due diligence and business strategy consulting.
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.
This report answers following 11 key questions:
Q. 1. How big the opportunities for global PET foam core market by end use industry (wind energy, transportation and building & construction) and region (North America, Europe, APAC, ROW)?
Q. 2. Which segments will grow at a faster pace and why?
Q. 3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5. What are the business risks and threats to the market?
Q.6 What are emerging trends in this market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8. What are the new developments in the market and which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are being taken by key companies for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q. 11. What M&A activity has occurred in the last five years and what has its impact been on the industry?