Increasing demand from marine and wind energy application to drive PET Foam Market

06-Apr-16
Polyethylene terephthalate PET foams possess different mechanical properties and high temperature dimensional stability. It is used in different application areas such as packaging, thermal insulating, wind energy, marine, transportation and building and construction applications. It is widely used as lightweight recyclable thermoplast. PET foam follows great number of possibilities as a core material. The well-known core materials in the industry are SAN, PVC, and PMI foams, also honeycombs and balsa. PET foam is lightweight, flexible, offers a great compressive strength and is temperature resistant. As per Syndicate Market Research, PET foam market is mainly driven by increasing demand for the penetration from various end applications like marine and wind energy application. The rising demand across various application sectors such as transportation, marine, packaging, and building & construction. The Asia-Pacific region is the fastest-growing segment of the PET foam market. One of the major influencing factors for the growth of the global PET foam market is the upsurge in sales of end products owing to the increasing demand and spending by the growing population in the emerging countries such as China, India and Brazil among others. In addition, the volatile growth of the wind energy segment is in turn to improve the growth of the PET foam market as PET foams fulfill the wind energy’s demand for strength, low cost and light weight.
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