세계의 PET 폼 코어 시장 - 성장, 전망, 경쟁 분석(2024-2032년)

The PET foam core market is expected to grow at a CAGR of 7.5% during the forecast period of 2024 to 2032, driven by its versatile applications and eco-friendly characteristics. The increasing adoption in building and construction, the surge in automotive and transportation applications, and the growing preference in the aerospace industry underscore the material's versatility and expanding market presence. Challenges in wind energy applications present an opportunity for focused research and development to address specific industry requirements. As the industry progresses, strategic initiatives from top players will continue to shape market dynamics, presenting opportunities for growth and innovation in PET foam core applications.

Drivers Shaping the PET Foam Core Market

1. Increasing Adoption in Building & Construction

The rising adoption of PET foam core in the building and construction industry emerges as a primary driver, witnessing substantial growth in 2023 and expected to maintain a high CAGR from 2024 to 2032. Evidence suggests a shift towards sustainable and lightweight materials in construction projects, with PET foam core offering an eco-friendly alternative to traditional materials. Its excellent insulation properties, coupled with a high strength-to-weight ratio, make it an ideal choice for various construction applications. Collaborations between key players and construction companies to integrate PET foam core in innovative building designs further contribute to its market dominance.

2. Surge in Automotive & Transportation Applications

A surge in applications within the automotive and transportation sector stands out as a significant driver, exhibiting substantial growth in 2023, and is anticipated to maintain this trend. Evidence highlights the demand for lightweight materials in the automotive industry to enhance fuel efficiency and reduce emissions. PET foam core, with its low density and structural integrity, finds applications in automotive interiors, exteriors, and components. Strategic partnerships between PET foam core manufacturers and automotive companies to develop customized solutions contribute to the market's growth, positioning it as a key driver in the PET foam core market.

3. Growing Preference in Aerospace Industry

The aerospace industry's growing preference for PET foam core serves as a driving force, showcasing substantial growth in 2023 and is expected to maintain a high CAGR from 2024 to 2032. Evidence suggests that the aerospace sector values the material's lightweight properties, contributing to fuel efficiency and overall aircraft performance. PET foam core's resistance to moisture absorption and thermal stability further enhance its suitability for aerospace applications. Collaborations between PET foam core manufacturers and aerospace companies to meet stringent industry standards and regulations drive the material's increased adoption, establishing it as a crucial driver in the market.

Restraint Impacting the PET Foam Core Market

1. Challenges in Wind Energy Applications

A notable restraint is observed in the challenges faced by PET foam core in wind energy applications. Despite overall growth, evidence suggests that the market for wind energy applications faces hurdles in achieving substantial revenue and CAGR compared to other end-use industries. The stringent requirements for materials used in wind turbine blades, including durability and resistance to harsh environmental conditions, pose challenges for PET foam core. Limited advancements in addressing these specific application requirements and competition from alternative materials impact the material's market share in the wind energy segment. Addressing these challenges requires focused research and development efforts to enhance the suitability of PET foam core in wind energy applications.

Market Segmentation Analysis

Market by Density: Up to 70 kg/m3, >70-195 kg/m3, above 195 kg/m3

In the segmentation by density, PET foam core with a density above 195 kg/m3 emerges as both the highest revenue generator and the segment with the highest CAGR during the forecast period from 2024 to 2032. Evidence suggests that the demand for high-density PET foam core is driven by its increased strength and stiffness, making it suitable for applications requiring enhanced structural integrity. The construction and aerospace industries significantly contribute to the dominance of high-density PET foam core, with ongoing research and development focusing on further improving its performance characteristics.

Market by End-use Industry: Building & Construction, Automotive & Transportation, Aerospace, Wind Energy, Marine, Others

In the segmentation by end-use industry, building, and construction leads both in revenue and CAGR in 2023, showcasing its dominance in the PET foam core market. The automotive and transportation sector follows closely, exhibiting substantial growth and contributing significantly to the market's revenue. However, during the forecast period from 2024 to 2032, the aerospace industry is expected to exhibit the highest CAGR. This shift reflects the growing awareness of PET foam core's advantages in aerospace applications, driven by its lightweight properties and durability.

APAC Remains the Global Leader

The PET foam core market showcases diverse geographic trends, with Asia-Pacific leading in both revenue and CAGR in 2023. The region's burgeoning construction industry, coupled with increasing investments in the automotive and aerospace sectors, contributes to its market dominance. However, North America is anticipated to register the highest CAGR during the forecast period, driven by a growing emphasis on sustainability in construction practices and the expanding use of lightweight materials in various industries. These geographic trends underscore the global nature of the PET foam core market and the varied factors influencing its growth across different regions.

Market Competition to Intensify during the Forecast Period

In 2023, top players in the PET foam core market included Armacell International S.A., DIAB Group (Ratos AB), 3A Composites GmbH, CoreLite, Feininger (Nanjing) Energy Saving Technology Co., Ltd., Sicomin Epoxy Systems, Gurit, CEL Components S.R.L., Saertex GmbH & Co. KG, and Carlier Plastiques. These industry leaders employed diverse strategies to gain a competitive edge. Armacell International S.A. focused on expanding its product portfolio with high-density PET foam core solutions, catering to the demand in construction and aerospace applications. DIAB Group (Ratos AB) emphasized collaborations with automotive manufacturers, introducing tailored solutions for lightweight components. 3A Composites GmbH concentrated on research and development initiatives to enhance PET foam core's performance in wind energy applications. These strategies collectively contributed to the market's growth in 2023, positioning these companies as key players for the forecast period from 2024 to 2032.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of PET Foam Core market are as follows:

Research and development budgets of manufacturers and government spending

Revenues of key companies in the market segment

Number of end users and consumption volume, price and value.

Geographical revenues generate by countries considered in the report

Micro and macro environment factors that are currently influencing the PET Foam Core market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Market Segmentation

Density

• Up to 70 kg/m3

>70-195 kg/m3

• Above 195 kg/m3

End-Use

• Building & Construction

• Automotive & Transportation

• Aerospace

• Wind Energy

• Marine

• Others

Region Segment (2022-2032; US$ Million)

North America

U.S.

Canada

Rest of North America

UK and European Union

UK

Germany

Spain

Italy

France

Rest of Europe

Asia Pacific

China

Japan

India

Australia

South Korea

Rest of Asia Pacific

Latin America

Brazil

Mexico

Rest of Latin America

Middle East and Africa

GCC

Africa

Rest of Middle East and Africa

Key questions answered in this report

What are the key micro and macro environmental factors that are impacting the growth of PET Foam Core market?

What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?

Estimated forecast and market projections up to 2032.

Which segment accounts for the fastest CAGR during the forecast period?

Which market segment holds a larger market share and why?

Are low and middle-income economies investing in the PET Foam Core market?

Which is the largest regional market for PET Foam Core market?

What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?

Which are the key trends driving PET Foam Core market growth?

Who are the key competitors and what are their key strategies to enhance their market presence in the PET Foam Core market worldwide?

Table of Contents

1. Preface

• 1.1. Report Description
  • 1.1.1. Purpose of the Report
  • 1.1.2. Target Audience
  • 1.1.3. Key Offerings
• 1.2. Market Segmentation
• 1.3. Research Methodology
  • 1.3.1. Phase I - Secondary Research
  • 1.3.2. Phase II - Primary Research
  • 1.3.3. Phase III - Expert Panel Review
  • 1.3.4. Assumptions
  • 1.3.5. Approach Adopted

2. Executive Summary

• 2.1. Market Snapshot: Global PET Foam Core Market
• 2.2. Global PET Foam Core Market, By Density, 2023 (US$ Million)
• 2.3. Global PET Foam Core Market, By End-Use, 2023 (US$ Million)
• 2.4. Global PET Foam Core Market, By Geography, 2023 (US$ Million)
• 2.5. Attractive Investment Proposition by Geography, 2023

3. PET Foam Core Market: Competitive Analysis

• 3.1. Market Positioning of Key PET Foam Core Market Vendors
• 3.2. Strategies Adopted by PET Foam Core Market Vendors
• 3.3. Key Industry Strategies
• 3.4. Tier Analysis 2023 Versus 2032

4. PET Foam Core Market: Macro Analysis & Market Dynamics

• 4.1. Introduction
• 4.2. Global PET Foam Core Market Value, 2022 - 2032, (US$ Million)
• 4.3. Market Dynamics
  • 4.3.1. Market Drivers
  • 4.3.2. Market Restraints
  • 4.3.3. Key Challenges
  • 4.3.4. Key Opportunities
• 4.4. Impact Analysis of Drivers and Restraints
• 4.5. See-Saw Analysis
• 4.6. Porter's Five Force Model
  • 4.6.1. Supplier Power
  • 4.6.2. Buyer Power
  • 4.6.3. Threat Of Substitutes
  • 4.6.4. Threat Of New Entrants
  • 4.6.5. Competitive Rivalry
• 4.7. PESTEL Analysis
  • 4.7.1. Political Landscape
  • 4.7.2. Economic Landscape
  • 4.7.3. Technology Landscape
  • 4.7.4. Legal Landscape
  • 4.7.5. Social Landscape

5. PET Foam Core Market: By Density, 2022-2032, USD (Million)

• 5.1. Market Overview
• 5.2. Growth & Revenue Analysis: 2023 Versus 2032
• 5.3. Market Segmentation
  • 5.3.1. Up to 70 kg/m3
  • 5.3.2. >70-195 kg/m3
  • 5.3.3. Above 195 kg/m3

6. PET Foam Core Market: By End-Use, 2022-2032, USD (Million)

• 6.1. Market Overview
• 6.2. Growth & Revenue Analysis: 2023 Versus 2032
• 6.3. Market Segmentation
  • 6.3.1. Building & Construction
  • 6.3.2. Automotive & Transportation
  • 6.3.3. Aerospace
  • 6.3.4. Wind Energy
  • 6.3.5. Marine
  • 6.3.6. Others

7. North America PET Foam Core Market, 2022-2032, USD (Million)

• 7.1. Market Overview
• 7.2. PET Foam Core Market: By Density, 2022-2032, USD (Million)
• 7.3. PET Foam Core Market: By End-Use, 2022-2032, USD (Million)
• 7.4.PET Foam Core Market: By Region, 2022-2032, USD (Million)
  • 7.4.1.North America
    • 7.4.1.1. U.S.
      • 7.4.1.1.1. PET Foam Core Market: By Density, 2022-2032, USD (Million)
      • 7.4.1.1.2. PET Foam Core Market: By End-Use, 2022-2032, USD (Million)
    • 7.4.1.2. Canada
      • 7.4.1.2.1. PET Foam Core Market: By Density, 2022-2032, USD (Million)
      • 7.4.1.2.2. PET Foam Core Market: By End-Use, 2022-2032, USD (Million)
    • 7.4.1.3. Rest of North America
      • 7.4.1.3.1. PET Foam Core Market: By Density, 2022-2032, USD (Million)
      • 7.4.1.3.2. PET Foam Core Market: By End-Use, 2022-2032, USD (Million)

8. UK and European Union PET Foam Core Market, 2022-2032, USD (Million)

• 8.1. Market Overview
• 8.2. PET Foam Core Market: By Density, 2022-2032, USD (Million)
• 8.3. PET Foam Core Market: By End-Use, 2022-2032, USD (Million)
• 8.4.PET Foam Core Market: By Region, 2022-2032, USD (Million)
  • 8.4.1.UK and European Union
    • 8.4.1.1. UK
      • 8.4.1.1.1. PET Foam Core Market: By Density, 2022-2032, USD (Million)
      • 8.4.1.1.2. PET Foam Core Market: By End-Use, 2022-2032, USD (Million)
    • 8.4.1.2. Germany
      • 8.4.1.2.1. PET Foam Core Market: By Density, 2022-2032, USD (Million)
      • 8.4.1.2.2. PET Foam Core Market: By End-Use, 2022-2032, USD (Million)
    • 8.4.1.3. Spain
      • 8.4.1.3.1. PET Foam Core Market: By Density, 2022-2032, USD (Million)
      • 8.4.1.3.2. PET Foam Core Market: By End-Use, 2022-2032, USD (Million)
    • 8.4.1.4. Italy
      • 8.4.1.4.1. PET Foam Core Market: By Density, 2022-2032, USD (Million)
      • 8.4.1.4.2. PET Foam Core Market: By End-Use, 2022-2032, USD (Million)
    • 8.4.1.5. France
      • 8.4.1.5.1. PET Foam Core Market: By Density, 2022-2032, USD (Million)
      • 8.4.1.5.2. PET Foam Core Market: By End-Use, 2022-2032, USD (Million)
    • 8.4.1.6. Rest of Europe
      • 8.4.1.6.1. PET Foam Core Market: By Density, 2022-2032, USD (Million)
      • 8.4.1.6.2. PET Foam Core Market: By End-Use, 2022-2032, USD (Million)

9. Asia Pacific PET Foam Core Market, 2022-2032, USD (Million)

• 9.1. Market Overview
• 9.2. PET Foam Core Market: By Density, 2022-2032, USD (Million)
• 9.3. PET Foam Core Market: By End-Use, 2022-2032, USD (Million)
• 9.4.PET Foam Core Market: By Region, 2022-2032, USD (Million)
  • 9.4.1.Asia Pacific
    • 9.4.1.1. China
      • 9.4.1.1.1. PET Foam Core Market: By Density, 2022-2032, USD (Million)
      • 9.4.1.1.2. PET Foam Core Market: By End-Use, 2022-2032, USD (Million)
    • 9.4.1.2. Japan
      • 9.4.1.2.1. PET Foam Core Market: By Density, 2022-2032, USD (Million)
      • 9.4.1.2.2. PET Foam Core Market: By End-Use, 2022-2032, USD (Million)
    • 9.4.1.3. India
      • 9.4.1.3.1. PET Foam Core Market: By Density, 2022-2032, USD (Million)
      • 9.4.1.3.2. PET Foam Core Market: By End-Use, 2022-2032, USD (Million)
    • 9.4.1.4. Australia
      • 9.4.1.4.1. PET Foam Core Market: By Density, 2022-2032, USD (Million)
      • 9.4.1.4.2. PET Foam Core Market: By End-Use, 2022-2032, USD (Million)
    • 9.4.1.5. South Korea
      • 9.4.1.5.1. PET Foam Core Market: By Density, 2022-2032, USD (Million)
      • 9.4.1.5.2. PET Foam Core Market: By End-Use, 2022-2032, USD (Million)
    • 9.4.1.6. Rest of Asia Pacific
      • 9.4.1.6.1. PET Foam Core Market: By Density, 2022-2032, USD (Million)
      • 9.4.1.6.2. PET Foam Core Market: By End-Use, 2022-2032, USD (Million)

10. Latin America PET Foam Core Market, 2022-2032, USD (Million)

• 10.1. Market Overview
• 10.2. PET Foam Core Market: By Density, 2022-2032, USD (Million)
• 10.3. PET Foam Core Market: By End-Use, 2022-2032, USD (Million)
• 10.4.PET Foam Core Market: By Region, 2022-2032, USD (Million)
  • 10.4.1.Latin America
    • 10.4.1.1. Brazil
      • 10.4.1.1.1. PET Foam Core Market: By Density, 2022-2032, USD (Million)
      • 10.4.1.1.2. PET Foam Core Market: By End-Use, 2022-2032, USD (Million)
    • 10.4.1.2. Mexico
      • 10.4.1.2.1. PET Foam Core Market: By Density, 2022-2032, USD (Million)
      • 10.4.1.2.2. PET Foam Core Market: By End-Use, 2022-2032, USD (Million)
    • 10.4.1.3. Rest of Latin America
      • 10.4.1.3.1. PET Foam Core Market: By Density, 2022-2032, USD (Million)
      • 10.4.1.3.2. PET Foam Core Market: By End-Use, 2022-2032, USD (Million)

11. Middle East and Africa PET Foam Core Market, 2022-2032, USD (Million)

• 11.1. Market Overview
• 11.2. PET Foam Core Market: By Density, 2022-2032, USD (Million)
• 11.3. PET Foam Core Market: By End-Use, 2022-2032, USD (Million)
• 11.4.PET Foam Core Market: By Region, 2022-2032, USD (Million)
  • 11.4.1.Middle East and Africa
    • 11.4.1.1. GCC
      • 11.4.1.1.1. PET Foam Core Market: By Density, 2022-2032, USD (Million)
      • 11.4.1.1.2. PET Foam Core Market: By End-Use, 2022-2032, USD (Million)
    • 11.4.1.2. Africa
      • 11.4.1.2.1. PET Foam Core Market: By Density, 2022-2032, USD (Million)
      • 11.4.1.2.2. PET Foam Core Market: By End-Use, 2022-2032, USD (Million)
    • 11.4.1.3. Rest of Middle East and Africa
      • 11.4.1.3.1. PET Foam Core Market: By Density, 2022-2032, USD (Million)
      • 11.4.1.3.2. PET Foam Core Market: By End-Use, 2022-2032, USD (Million)

12. Company Profile

• 12.1. Armacell International S.A.
  • 12.1.1. Company Overview
  • 12.1.2. Financial Performance
  • 12.1.3. Product Portfolio
  • 12.1.4. Strategic Initiatives
• 12.2. DIAB Group (Ratos AB)
  • 12.2.1. Company Overview
  • 12.2.2. Financial Performance
  • 12.2.3. Product Portfolio
  • 12.2.4. Strategic Initiatives
• 12.3. 3A Composites GmbH
  • 12.3.1. Company Overview
  • 12.3.2. Financial Performance
  • 12.3.3. Product Portfolio
  • 12.3.4. Strategic Initiatives
• 12.4. CoreLite
  • 12.4.1. Company Overview
  • 12.4.2. Financial Performance
  • 12.4.3. Product Portfolio
  • 12.4.4. Strategic Initiatives
• 12.5. Feininger (Nanjing) Energy Saving Technology Co., Ltd.
  • 12.5.1. Company Overview
  • 12.5.2. Financial Performance
  • 12.5.3. Product Portfolio
  • 12.5.4. Strategic Initiatives
• 12.6. Sicomin Epoxy Systems
  • 12.6.1. Company Overview
  • 12.6.2. Financial Performance
  • 12.6.3. Product Portfolio
  • 12.6.4. Strategic Initiatives
• 12.7. Gurit
  • 12.7.1. Company Overview
  • 12.7.2. Financial Performance
  • 12.7.3. Product Portfolio
  • 12.7.4. Strategic Initiatives
• 12.8. CEL Components S.R.L.
  • 12.8.1. Company Overview
  • 12.8.2. Financial Performance
  • 12.8.3. Product Portfolio
  • 12.8.4. Strategic Initiatives
• 12.9. Saertex GmbH & Co. KG
  • 12.9.1. Company Overview
  • 12.9.2. Financial Performance
  • 12.9.3. Product Portfolio
  • 12.9.4. Strategic Initiatives
• 12.10. Carlier Plastiques
  • 12.10.1. Company Overview
  • 12.10.2. Financial Performance
  • 12.10.3. Product Portfolio
  • 12.10.4. Strategic Initiatives
• 12.11. Other Notable Players
  • 12.11.1. Company Overview
  • 12.11.2. Financial Performance
  • 12.11.3. Product Portfolio
  • 12.11.4. Strategic Initiatives