Editoria e Media
Revenue in High Density (100-350 Kg/m3) PET Foam Market to Reach US$ 100 Mn by 2031; Innovations in Resin Manufacturing and Eco-friendly Composites Generate Demand in Multiple Industries, Notes TMR Study
ALBANY, N.Y. , Dec. 13, 2021 /PRNewswire/ -- Sales of high density (100-350 Kg/m3) PET foams are thriving on the wide demand for thermally stable insulation composite materials in several industries. The products have gathered steam among businesses in the construction industry mainly to meet the various performance requirements of structural materials. The PET foams are, thus extensively used in construction materials to cater to fire prevention, smoke-proof, and UV-protection characteristics.
Advancements in fabrication technologies, notably growing use of nanotechnologies, have led to commercial development of high density (100-350 Kg/m3) PET foams for interior and exterior architectural applications in rail, aerospace, and marine industries. Products in the market have generated interest among mattress manufacturers. In recent years, mattress makers have increasingly strived to overcome the off-gassing problems to meet quality standards, notes TMR study on the high density PET foam market.
The composite industry is warming up to the incorporation of eco-friendly PET foams globally to boost environmental sustainability of the final products in end-use applications, and is a key driver for new opportunities. The high density (100-350 Kg/m3) PET foam market is projected to reach worth of US$ 100 Mn by 2031. Key countries contributing to revenue growth are India , the U.S., Germany , the U.K., France , Spain , and Italy .
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Some of the key players in the high density (100-350 Kg/m3) PET foam market are Gurit, CoreLite, Huntsman International LLC, BASF SE, Diab Group, Carbon-Core Corp., 3A Composites Holding AG, and Armacell.
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