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
·
Transportation
·
Building & Construction
·
Others
By Region [Volume
(kt) and Value ($ Million) from 2013 to 2024]:
·
North America
·
Europe
·
APAC
·
ROW
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 helpdesk@lucintel.com. Lucintel
offerings include advanced
materials reports, composite
materials market report, strategic
growth consulting, market research due
diligence and business
strategy consulting.
About
Lucintel
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?
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