PET Foam Market Global Industry Analysis, Trends and Forecast, 2027

January 8, 2020
Pratiksham

Multi-density Foams: Next Green Thing in the PET Foam Market

Polyethylene Terephthalate (PET) has penetrated across a wide range of applications in the composites industry, owing to its superior mechanical properties such as lightweight, high mechanical strength, and high temperature resistance, over other plastics. PET has witnessed high demand in the foam landscape, with a substantial rise in the applications of PET foam in transportation, wind energy, and packaging industries.

For instance, in May 2017, Armacell – a leading player in the PET foam market – announced the successful market launch of its innovative multi-density structural PET foam core. The company declared that, this innovation is directed towards catering to industries’ demand for combining different densities in one foam core and multiple core designs to enhance the point load resistance, while keeping the weight at its minimum. In September 2017, the company introduced its multi-density foam core made of 100% recycled PET, making the new PET foam recyclable until the end of its service life, in order to cater to the growing demand for environmentally-friendly structural PET foam cores in wide-ranging industrial applications.

In 2018, the global market for PET foam reached a valuation of ~US$ 194 million, and the sales of low-density PET foam accounted for over half the revenue share of the market. Nevertheless, multi-density PET foams are likely to emerge as one of the most popular choices for customers with most industries turning toward environmentally-viable materials, shaping the future of the PET foam market.

Some of the key players in the market dealing in PET foam for construction include 3A Composites and Armacell International SA. 3A Composites’ structural foam AIREX is being marketed as sandwich composites for loadbearing and insulation in the same material. ArmaCell’s ArmaForm PET, a lightweight construction foam, is now being used at the economic railway stations in Saudi Arabia.

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Some of the key developments in the landscape in recent years, in the PET foam landscape, include:

  • In 2018, 3A Composites, one of the leading players in the industry, launched the AIREX T92, a structural foam that uses PET bottles as a raw material, making it a sustainable product.
  • 3A Composites also introduced the structural foam core AIREX, targeted at high-volume automotive applications, for all the industry’s diverse requirements.
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