High Density (100-350 Kg/m3) PET Foam Market: Introduction
Transparency Market Research delivers key insights on the high density (100-350 Kg/m3) PET foam market. In terms of revenue, the high density (100-350 Kg/m3) PET foam market is estimated to expand at a CAGR of 6.5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the high density (100-350 Kg/m3) PET foam market.
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The availability of better and low cost substitutes is likely to hamper the high density (100-350 Kg/m3) PET foam market during the forecast period. The increase in the demand for the high density (100-350 Kg/m3) PET foam in the construction sector is likely to drive the high density (100-350 Kg/m3) PET foam market over the next decade, as high density (100-350 Kg/m3) PET foam is extensively employed in the building & construction industry.
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High Density (100-350 Kg/m3) PET Foam Market: Dynamics
The demand for high density (100-350 Kg/m3) PET foam is increasing for the manufacture of furniture products. This is expected to boost the high density (100-350 Kg/m3) PET foam market, as high density (100-350 Kg/m3) PET foam is widely employed in the furniture industry for cushioning, packaging, and wall insulation.
Generally, high density (100-350 Kg/m3) PET foam is cost-effective and lightweight, and possesses good mechanical and thermal insulation properties. The increase in the demand for highly efficient foams in end-use industries such as construction and furniture is projected to boost the demand for high density (100-350 Kg/m3) PET foam. This, in turn, is estimated to augment the high density (100-350 Kg/m3) PET foam market during the forecast period.
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High density (100-350 Kg/m3) PET foam is extensively employed in the building & construction industry in window frames, interior architecture, facades, roofs & domes, doors, gates, shower cabin lines, bathtubs, and exterior cladding panels. Modern construction methods primarily rely on lightweight and recyclable material for eco-friendly construction. This is expected to drive the high density (100-350 Kg/m3) PET foam market.
High density (100-350 Kg/m3) PET foam is a closed-cell, thermoplastic renewable polymer foam with excellent fire prevention, anti-virus, smoke-proof, and UV-protection performance. It also has excellent mechanical and anti-fatigue properties, stable chemical properties, and low water absorption. These properties of high density (100-350 Kg/m3) PET foam are anticipated to propel the demand for high density (100-350 Kg/m3) PET foam.
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High Density (100-350 Kg/m3) PET Foam Market: Prominent Country
The U.S. dominates the high density (100-350 Kg/m3) PET foam market. The building & construction sector in this country is estimated to expand at a rapid pace between 2021 and 2031. This, in turn, is expected to boost the demand of high density (100-350 Kg/m3) PET foam in the U.S., as high density (100-350 Kg/m3) PET foam is widely used in the building & construction industry.
Germany is anticipated to be a highly attractive country of the high density (100-350 Kg/m3) PET foam market during the forecast period. Building & construction and furniture industries in Germany are witnessing strong growth owing to the rise in income of the people and high level of migration. This has led to rise in demand for high density (100-350 Kg/m3) PET foam in Germany.
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Analysts’ Viewpoint
The support of environment policies and the demand for thermal insulation products are anticipated to revive the market post COVID-19. Apart from furniture and construction industries, companies in the high density (100-350 Kg/m3) PET foam market are increasing their focus in rail, aerospace, and marine applications to expand revenue streams for the next-gen PET foam core. However, high density PET foam is subject to off-gassing problems with low quality foams in mattresses. Hence, companies should increase their focus on the fusion technology and the resin manufacturing techniques using the nanotechnology to increase the availability of high performance PET foam. The 100% recycled PET foam are boosting the credibility of suppliers and manufacturers.
High Density (100-350 Kg/m3) PET Foam Market: Key Players
Major players operating in the U.S., India, Germany, U.K., France, Italy, and Spain high density (100-350 Kg/m3) PET foam market are Armacell, 3A Composites Holding AG, Carbon-Core Corp., Diab Group, BASF SE, Huntsman International LLC., CoreLite, and Gurit.
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