PET FOAM MARKET TO REACH A VALUE OF ~ US$ 360 MN BY 2027

Pythonholic11 Mar, 2021Business

? The global polyethylene terephthalate (PET) foam market was valued at ~ US$ 195 Mn in 2018, and is anticipated to expand at a CAGR of ~ 7% during the forecast period. ? Growth of the wind energy sector, led by the rise in the demand for renewable energy, is projected to drive the global PET foam market during the forecast period. PET foam has been able to establish a place among core materials for sandwich structures. It is steadily substituting traditional materials such as balsa, styrene acrylonitrile, and polyvinyl chloride.