Report Code: A11888 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Pet Foam Market
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PET stands for polyethylene terephthalate. PET foam is made up of PET, which is a polycrystalline polyester formed from the esterification of terephthalic acid (TPA) with ethylene glycol (EG) or from the transesterification of dimethyl terephthalate (DMT) with ethylene glycol (EG). As a thermoplastic polyester resin, PET foam exhibits interesting physical and chemical properties. It is an amorphous glass-like material in its purest form. Crystallinity in PET can be enhanced by heat treatment of polymer melt. PET foam offers features such as thermal stability, good electrical properties, low water absorption, and excellent surface properties. It is used in production of containers for food and liquid, in combination with glass fiber for engineering resins, fibers for clothing, and thermoforming for manufacturing. PET foam is also used as a substrate in thin film solar cells and as a waterproofing barrier in undersea cables.
COVID-19 Impact analysis
Top Impacting Factors
Increasing building and construction activities across the globe is driving the pet foam market as PET foam is used in the production of window, frame, interior architecture, facades, roofs and domes, doors, gates, bathtubs, and others. In addition, use of PET foam in the automotive industry in the manufacture of exterior body parts, and casing and housing of various parts of automotive has increased. PET is also available in recycled form which possesses the rising demand for PET foam, which in turn provides an opportunity due to the rising environmental concern and sustainability. However, PET foam is facing stiff competition against the other low-cost core material available in the market such as polystyrene. This factor is expected to hinder the growth prospects of the global PET foam market. Moreover, issues related to recyclability and reparability of the foams might hamper the market.
Market Trends
Key Benefits of the Report
Questions answered in the pet foam market Report
PET Foam Market: By Raw Material Report Highlights
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Key Market Players | DIAB Group, 3A Composites, Sekisui Plastics, BASF SE, Changzhou Tiansheng New Materials Co. Ltd., Armacell International SA, Carbon-Core Corp., Petro Polymer Shargh, Gurit Holding |
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