Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Armacell International SA (Luxembourg) and 3A Composites (Switzerland) are the Leading Player in the PET Foam Market

The PET foam market is projected to grow from USD 316 million in 2020 to USD 448 million by 2025, at a CAGR of 7.2% from 2020 to 2025, owing to increasing demand from the wind energy and marine industry. Wind energy is expected to be the fastest-growing segment during the forecast period as the use of core materials helps reduce the overall weight of wind turbine blades, thus enhancing their efficiency.

Request Report Sample At https://www.marketsandmarkets.com/requestsampleNew.asp?id=19032949

Armacell International S.A. (Luxembourg), is the leading player in the global Pet Foam market. In February  2020, Armacell International S.A. entered into a joint venture with Swiss CMT, an engineering company with expertise in composite materials and technologies. The joint venture is expected to lead to the development and industrialization of ArmaShape, a particle foam made from 100% recycled PET.

Another important player in the global PET Foam Market is Diab Group (Sweden), In November 2019, The Diab Group and SKAPS India entered into a partnership to establish a manufacturing facility in India. This facility is expected to manufacture PET foam to meet the increasing demand for core materials from the wind energy and other industries.

Read More Information At https://www.marketsandmarkets.com/ResearchInsight/pet-foam-market.asp

The post Armacell International SA (Luxembourg) and 3A Composites (Switzerland) are the Leading Player in the PET Foam Market appeared first on MarketsandMarkets Blog.



This post first appeared on Markets Research Report, Business Research, Market, please read the originial post: here

Share the post

Armacell International SA (Luxembourg) and 3A Composites (Switzerland) are the Leading Player in the PET Foam Market

×

Subscribe to Markets Research Report, Business Research, Market

Get updates delivered right to your inbox!

Thank you for your subscription

×