Closed-cell PET Foam Core Market size was valued at USD 1.24 Billion in 2024 and is forecasted to grow at a CAGR of 9.8% from 2026 to 2033, reaching USD 2.78 Billion by 2033.
The global Closed cell PET Foam Core market was valued at approximately USD 820 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of around 7.5% during the forecast period. The increasing demand for lightweight and sustainable materials in industries such as wind energy, transportation, and construction is driving the market growth. North America and Europe collectively accounted for a significant share of the global market, with Europe leading due to the high adoption of PET foam core in wind turbine blades. The Asia Pacific region is experiencing rapid growth, driven by expanding infrastructure projects and increasing investments in renewable energy, particularly in China and India.
The Middle East and Africa region is witnessing moderate demand, primarily due to rising construction activities and a shift towards eco friendly materials. Latin America is also showing steady growth, supported by increasing applications in the marine and automotive sectors. Government regulations promoting sustainable materials and the recyclability of PET foam core products are opening new opportunities across regions. The advancements in PET foam technology, such as improved mechanical properties and cost effectiveness, further contribute to market expansion. As demand for lightweight composites increases, market players are focusing on enhancing production capabilities and product innovations to meet diverse industry needs.
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3A Composite
Armacell
Gurit
Diab
CoreLite
Polyumac
Shanghai Yueke New Materials
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Closed-cell PET Foam Core Market
Aerospace
Marine
Automotive
Construction
Consumer Goods
Low-density (< 30 kg/m³)
Medium-density (30-60 kg/m³)
High-density (> 60 kg/m³)
Sheets
Blocks
Custom Shapes
Aviation
Maritime
Transportation
Building & Construction
Recreational Vehicles
Glass Fiber Reinforced
Carbon Fiber Reinforced
Hybrid Reinforcement
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Closed-cell PET Foam Core Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Closed-cell PET Foam Core Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Closed-cell PET Foam Core Market, By Type
6. Global Closed-cell PET Foam Core Market, By Application
7. Global Closed-cell PET Foam Core Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Closed-cell PET Foam Core Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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