The global market for PET Foams was estimated at US$400.2 Million in 2024 and is projected to reach US$574.9 Million by 2030, growing at a CAGR of 6.2% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the PET Foams market.
The versatility of PET foam comes from its ability to be used in a variety of composite structures. It serves as a core material between layers of carbon fiber, fiberglass, or other composite sheets, creating a sandwich panel that is both strong and lightweight. This makes it ideal for applications such as aircraft interiors, boat hulls, automotive parts, wind turbine blades, and construction panels. Additionally, PET foam is gaining traction due to its sustainability, as it is often produced using recycled PET plastic, contributing to the growing demand for eco-friendly and renewable materials in industries that prioritize environmental impact.
Sustainability is another critical driver of the PET foam market. As industries shift towards more eco-friendly practices, there is a rising demand for recyclable materials, and PET foam meets this need. Many manufacturers produce PET foam using recycled PET bottles, reducing waste and making it an attractive material for businesses committed to minimizing their environmental impact. The trend toward more sustainable materials is particularly evident in the automotive and construction industries, where companies are increasingly choosing materials that align with environmental goals and regulatory standards.
Advancements in manufacturing processes have also contributed to the growth of the PET foam market. Over the years, new and improved production methods have enhanced the material`s properties, making it more cost-effective and versatile for various applications. The increased availability of PET foam in different thicknesses, densities, and configurations allows for broader use across industries. With more efficient and cost-effective production methods, the market for PET foam is expected to continue expanding as demand for high-performance, sustainable materials grows.
The growing emphasis on sustainability is another key trend that is shaping the future of the PET foam market. With heightened global awareness of environmental issues, there is an increasing demand for materials that contribute to a circular economy, and PET foam’s recyclability makes it an attractive choice. The use of recycled PET plastic in foam production is helping to reduce the carbon footprint of PET foam products, making them more appealing to environmentally conscious industries. Additionally, the continued development of PET foam variants, such as those that are fire-resistant or offer enhanced mechanical properties, is expanding the material`s potential applications, particularly in industries with stringent performance requirements.
Advancements in PET foam technologies are also shaping the future of the market. For example, manufacturers are developing PET foams with superior mechanical properties, such as increased strength or thermal insulation, to cater to the growing demand for high-performance materials. The development of multi-functional PET foams, which can be used in more diverse applications, is expanding the scope of its use in new industries such as construction, renewable energy, and marine applications. As the demand for more versatile, high-performance materials grows, PET foam is expected to evolve to meet these needs, further solidifying its place in the global market.
Sustainability and recycling are also key drivers of growth in the PET foam market. As environmental concerns grow, there is an increasing preference for materials that can be recycled and contribute to a circular economy. PET foam’s recyclability, particularly when made from recycled PET bottles, aligns well with sustainability goals, making it an attractive choice for manufacturers and industries focused on reducing their environmental impact. The demand for PET foam made from recycled materials is expected to continue to rise, particularly in markets such as automotive manufacturing and construction, where eco-friendly building materials are becoming more sought after.
Advancements in manufacturing technologies have also contributed to the growth of the PET foam market. New and improved production processes are making it easier to manufacture PET foam with enhanced properties such as higher strength, better thermal insulation, and greater fire resistance. These improvements enable PET foam to be used in more demanding applications, such as wind turbine blades, marine structures, and high-performance automotive components. As manufacturers continue to develop more advanced and cost-effective methods for producing PET foam, the material is expected to become more widely used across industries, contributing to the overall growth of the market.
Segments: Raw Material (Recycled PET Foam, Virgin PET Foam); Grade (Low-Density PET Foam, High-Density PET Foam); Application (Wind Energy Application, Transportation Application, Marine Application, Building & Construction Application, Packaging Application, Other Applications)
Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.
Global PET Foam Market - Key Trends & Drivers Summarized
What Is PET Foam and How Is It Used in Various Industries?
PET (Polyethylene Terephthalate) foam is a lightweight, rigid, and durable material primarily used as a core material in composite structures. It is made from PET resin, a type of thermoplastic polymer, and is known for its excellent mechanical properties, such as high strength-to-weight ratio, resistance to water, and good thermal insulation. PET foam is widely used in industries such as aerospace, automotive, construction, wind energy, and marine for applications where lightness, durability, and resistance to moisture and chemicals are important.The versatility of PET foam comes from its ability to be used in a variety of composite structures. It serves as a core material between layers of carbon fiber, fiberglass, or other composite sheets, creating a sandwich panel that is both strong and lightweight. This makes it ideal for applications such as aircraft interiors, boat hulls, automotive parts, wind turbine blades, and construction panels. Additionally, PET foam is gaining traction due to its sustainability, as it is often produced using recycled PET plastic, contributing to the growing demand for eco-friendly and renewable materials in industries that prioritize environmental impact.
Why Is the PET Foam Market Expanding?
The PET foam market is expanding due to several key factors, including the increasing demand for lightweight materials in industries like aerospace and automotive, the growing focus on sustainability, and advancements in manufacturing processes. One of the primary drivers of growth is the increasing need for lightweight yet durable materials, particularly in the automotive and aerospace sectors. In these industries, reducing weight is essential for improving fuel efficiency, reducing emissions, and enhancing performance. PET foam’s low density and high strength make it an ideal choice for composite materials used in aircraft and automotive parts, which contribute to significant weight reductions without compromising on strength.Sustainability is another critical driver of the PET foam market. As industries shift towards more eco-friendly practices, there is a rising demand for recyclable materials, and PET foam meets this need. Many manufacturers produce PET foam using recycled PET bottles, reducing waste and making it an attractive material for businesses committed to minimizing their environmental impact. The trend toward more sustainable materials is particularly evident in the automotive and construction industries, where companies are increasingly choosing materials that align with environmental goals and regulatory standards.
Advancements in manufacturing processes have also contributed to the growth of the PET foam market. Over the years, new and improved production methods have enhanced the material`s properties, making it more cost-effective and versatile for various applications. The increased availability of PET foam in different thicknesses, densities, and configurations allows for broader use across industries. With more efficient and cost-effective production methods, the market for PET foam is expected to continue expanding as demand for high-performance, sustainable materials grows.
What Key Trends Are Shaping the Future of PET Foam?
Several key trends are shaping the future of the PET foam market, including the continued adoption of composite materials in various industries, the rise of sustainability and circular economy practices, and the development of advanced PET foam variants. One significant trend is the increasing adoption of composite materials in industries such as automotive, aerospace, and wind energy. As companies look for ways to improve performance, reduce weight, and enhance energy efficiency, PET foam is increasingly being used as a core material in composite structures, where it provides high strength and low weight. The automotive and aerospace industries, in particular, are expected to continue driving demand for composite materials, which will further fuel the growth of the PET foam market.The growing emphasis on sustainability is another key trend that is shaping the future of the PET foam market. With heightened global awareness of environmental issues, there is an increasing demand for materials that contribute to a circular economy, and PET foam’s recyclability makes it an attractive choice. The use of recycled PET plastic in foam production is helping to reduce the carbon footprint of PET foam products, making them more appealing to environmentally conscious industries. Additionally, the continued development of PET foam variants, such as those that are fire-resistant or offer enhanced mechanical properties, is expanding the material`s potential applications, particularly in industries with stringent performance requirements.
Advancements in PET foam technologies are also shaping the future of the market. For example, manufacturers are developing PET foams with superior mechanical properties, such as increased strength or thermal insulation, to cater to the growing demand for high-performance materials. The development of multi-functional PET foams, which can be used in more diverse applications, is expanding the scope of its use in new industries such as construction, renewable energy, and marine applications. As the demand for more versatile, high-performance materials grows, PET foam is expected to evolve to meet these needs, further solidifying its place in the global market.
What Are the Key Drivers of Growth in the PET Foam Market?
The growth in the PET foam market is driven by several factors, including the increasing demand for lightweight and durable materials, the growing focus on sustainability and recycling, and advancements in manufacturing technologies. One of the primary drivers is the need for lightweight materials across various industries, particularly in automotive, aerospace, and construction. As companies and governments place greater emphasis on reducing carbon emissions and improving fuel efficiency, PET foam’s ability to provide significant weight savings without compromising on strength makes it an ideal material for use in composite structures. The aerospace and automotive industries, in particular, are major contributors to the demand for PET foam, as they continue to adopt lightweight, high-performance materials for both new products and retrofits.Sustainability and recycling are also key drivers of growth in the PET foam market. As environmental concerns grow, there is an increasing preference for materials that can be recycled and contribute to a circular economy. PET foam’s recyclability, particularly when made from recycled PET bottles, aligns well with sustainability goals, making it an attractive choice for manufacturers and industries focused on reducing their environmental impact. The demand for PET foam made from recycled materials is expected to continue to rise, particularly in markets such as automotive manufacturing and construction, where eco-friendly building materials are becoming more sought after.
Advancements in manufacturing technologies have also contributed to the growth of the PET foam market. New and improved production processes are making it easier to manufacture PET foam with enhanced properties such as higher strength, better thermal insulation, and greater fire resistance. These improvements enable PET foam to be used in more demanding applications, such as wind turbine blades, marine structures, and high-performance automotive components. As manufacturers continue to develop more advanced and cost-effective methods for producing PET foam, the material is expected to become more widely used across industries, contributing to the overall growth of the market.
Report Scope
The report analyzes the PET Foams market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments: Raw Material (Recycled PET Foam, Virgin PET Foam); Grade (Low-Density PET Foam, High-Density PET Foam); Application (Wind Energy Application, Transportation Application, Marine Application, Building & Construction Application, Packaging Application, Other Applications)
Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Recycled PET Foam segment, which is expected to reach US$418.8 Million by 2030 with a CAGR of a 7.1%. The Virgin PET Foam segment is also set to grow at 4.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $109.0 Million in 2024, and China, forecasted to grow at an impressive 10.0% CAGR to reach $118.9 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global PET Foams Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global PET Foams Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global PET Foams Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as 3A Composites (part of Schweiter Technologies), Airex AG (part of 3A Composites), Armacell International S.A., Carbon-Core Corp., Changzhou Tiansheng New Materials Co., Ltd. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 42 Featured):
- 3A Composites (part of Schweiter Technologies)
- Airex AG (part of 3A Composites)
- Armacell International S.A.
- Carbon-Core Corp.
- Changzhou Tiansheng New Materials Co., Ltd.
- CoreLite Inc.
- Diab Group
- Furukawa Electric Co., Ltd.
- Gurit Holding AG
- Huntsman International LLC
- Indorama Ventures Public Company Limited
- INOAC Corporation
- Nitto Denko Corporation
- Petro Polymer Shargh
- Pregis LLC
- Sealed Air Corporation
- Sekisui Plastics Co., Ltd.
- Toray Industries, Inc.
- Trocellen GmbH
- Wisconsin Foam Products
Tariff Impact Analysis: Key Insights for 2025
Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.
What’s Included in This Edition:
- Tariff-adjusted market forecasts by region and segment
- Analysis of cost and supply chain implications by sourcing and trade exposure
- Strategic insights into geographic shifts
Buyers receive a free July 2025 update with:
- Finalized tariff impacts and new trade agreement effects
- Updated projections reflecting global sourcing and cost shifts
- Expanded country-specific coverage across the industry
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 3A Composites (part of Schweiter Technologies)
- Airex AG (part of 3A Composites)
- Armacell International S.A.
- Carbon-Core Corp.
- Changzhou Tiansheng New Materials Co., Ltd.
- CoreLite Inc.
- Diab Group
- Furukawa Electric Co., Ltd.
- Gurit Holding AG
- Huntsman International LLC
- Indorama Ventures Public Company Limited
- INOAC Corporation
- Nitto Denko Corporation
- Petro Polymer Shargh
- Pregis LLC
- Sealed Air Corporation
- Sekisui Plastics Co., Ltd.
- Toray Industries, Inc.
- Trocellen GmbH
- Wisconsin Foam Products
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 72 |
| Published | April 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 400.2 Million |
| Forecasted Market Value ( USD | $ 574.9 Million |
| Compound Annual Growth Rate | 6.2% |
| Regions Covered | Global |
