Market Overview:
The global polyethylene terephthalate (PET) foam for wind turbine market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The high-density PET foam segment is expected to grow at a higher CAGR than the low-density PET foam segment during the forecast period. The land wind turbine application segment is estimated to account for the largest share of the global PET foam for wind turbine market in 2018, while the offshore wind turbine application segment is projected to grow at a higher rate during the forecast period. North America accounted for majority of the share in 2017 and it is projected to maintain its dominance throughout 2030 owing to technological advancements and rising demand from end-use industries such as automotive and construction.
 Foam For Wind Turbine Industry Outlook.svg)
Product Definition:
Polyethylene terephthalate (PET) foam is a type of plastic that is used to make products such as wind turbines. The foam is lightweight and strong, making it an ideal material for this application. It also has excellent insulation properties, which helps to keep the turbine's moving parts cool.
Low-density Foam:
Low-density foam is a type of insulation that is used in the manufacturing process of polyethylene terephthalate (PET) foams for wind turbines. The primary function of low-density foam is to provide support and stability to the blades during its transportation from manufacturer to installation site. Low-density foams are also used as cushioning material in order to protect the turbine components against shock, vibration, noise & thermal fluctuations.
High-density Foam:
High-density foam is a closed-cell polyurethane foaming material that is produced by the reaction of urethane and density modifying agents. High Density Foam can be used in various end-use industries including wind energy, transportation, construction, furniture & bedding and packaging. The key driver for the growth of this market includes growing demand from renewable energy sources like wind turbines which are expected to drive market growth over the forecast period.
Application Insights:
Land wind turbine application dominated the global market with a share of over 50.0% in 2017. The growing demand for clean energy is expected to drive the growth of the land based turbines over the forecast period. In addition, increasing government support towards installation of such devices across various countries including China, Germany and India will further boost industry expansion over next few years.
The offshore segment is projected to witness significant growth during the study period owing to rising investments from countries like Japan and China in developing their renewable energy resources beyond national waters. For instance, in 2015; Japan¢â‚¬â„¢s Mitsui & Co., Ltd entered into a partnership with Chinese firm Goldwind Technologies Co., Ltd.; for R&D & development onshore and offshore projects related to large-scale solar power generation systems at sea level (LSSL).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of emerging economies, such as China and India, coupled with government initiatives for promoting renewable energy generation is anticipated to drive industry growth in this region.
Europe accounted for a significant share of revenue generated by the global market on account of rapid adoption rates for land-based wind turbines across countries such as Germany, Spain, Italy and France. In addition, favorable government regulations aimed at reducing carbon emission are expected to boost demand over the coming years.
The European Commission has set an aim to reduce GHG emissions by 40% within 30 years which will further propel demand from key sectors including construction sector owing to rising investments in infrastructural development projects along with growing consumer disposable income levels among population groups aged 15 & above (i).
Growth Factors:
- Increasing demand for wind energy: The global installed capacity of wind energy is expected to grow at a CAGR of around 10% during the forecast period. This will result in an increase in the demand for PET foam for wind turbines, as it is used to manufacture blades and other components of wind turbines.
- Technological advancements: The PET foam market is witnessing rapid technological advancements, which is resulting in the development of new and innovative products. This is likely to boost the growth of the market during the forecast period.
- Rising awareness about environment-friendly products: There has been a rising awareness among consumers about environment-friendly products in recent years. This has led to an increase in demand for PET foam, as it is a biodegradable product that does not cause any harm to the environment when disposed off properly.
Scope Of The Report
Report Attributes
Report Details
Report Title
Polyethylene Terephthalate(PET) Foam For Wind Turbine Market Research Report
By Type
Low-density Foam, High-density Foam
By Application
Land Wind Turbine, Offshore Wind Turbine
By Companies
3A Composites, Armacell International, BASF, Carbon-Core Corp, Changzhou Tiansheng New Materials, Diab Group (Ratos Ab), Gurit Holding, PETro Polymer Shargh, Sekisui Plastics, Dow Chemical, 3A Composites
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
158
Number of Tables & Figures
111
Customization Available
Yes, the report can be customized as per your need.
Global Polyethylene Terephthalate(PET) Foam For Wind Turbine Market Report Segments:
The global Polyethylene Terephthalate(PET) Foam For Wind Turbine market is segmented on the basis of:
Types
Low-density Foam, High-density Foam
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Land Wind Turbine, Offshore Wind Turbine
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 3A Composites
- Armacell International
- BASF
- Carbon-Core Corp
- Changzhou Tiansheng New Materials
- Diab Group (Ratos Ab)
- Gurit Holding
- PETro Polymer Shargh
- Sekisui Plastics
- Dow Chemical
- 3A Composites
 Foam For Wind Turbine Market Overview.svg)
Highlights of The Polyethylene Terephthalate(PET) Foam For Wind Turbine Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Low-density Foam
- High-density Foam
- By Application:
- Land Wind Turbine
- Offshore Wind Turbine
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Polyethylene Terephthalate(PET) Foam For Wind Turbine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
- Market Entry Strategies
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 Foam For Wind Turbine Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Polyethylene terephthalate(PET) foam is a type of insulation that is used in the construction of wind turbines. It is a lightweight material that can help to reduce the weight of the turbine blades and improve their performance.
Some of the key players operating in the polyethylene terephthalate(pet) foam for wind turbine market are 3A Composites, Armacell International, BASF, Carbon-Core Corp, Changzhou Tiansheng New Materials, Diab Group (Ratos Ab), Gurit Holding, PETro Polymer Shargh, Sekisui Plastics, Dow Chemical, 3A Composites.
The polyethylene terephthalate(pet) foam for wind turbine market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Polyethylene Terephthalate(PET) Foam For Wind Turbine Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Polyethylene Terephthalate(PET) Foam For Wind Turbine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Polyethylene Terephthalate(PET) Foam For Wind Turbine Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Polyethylene Terephthalate(PET) Foam For Wind Turbine Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Polyethylene Terephthalate(PET) Foam For Wind Turbine Market Size & Forecast, 2018-2028
4.5.1 Polyethylene Terephthalate(PET) Foam For Wind Turbine Market Size and Y-o-Y Growth
4.5.2 Polyethylene Terephthalate(PET) Foam For Wind Turbine Market Absolute $ Opportunity
Chapter 5 Global Polyethylene Terephthalate(PET) Foam For Wind Turbine Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Polyethylene Terephthalate(PET) Foam For Wind Turbine Market Size Forecast by Type
5.2.1 Low-density Foam
5.2.2 High-density Foam
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Polyethylene Terephthalate(PET) Foam For Wind Turbine Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Polyethylene Terephthalate(PET) Foam For Wind Turbine Market Size Forecast by Applications
6.2.1 Land Wind Turbine
6.2.2 Offshore Wind Turbine
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Polyethylene Terephthalate(PET) Foam For Wind Turbine Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Polyethylene Terephthalate(PET) Foam For Wind Turbine Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Polyethylene Terephthalate(PET) Foam For Wind Turbine Analysis and Forecast
9.1 Introduction
9.2 North America Polyethylene Terephthalate(PET) Foam For Wind Turbine Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Polyethylene Terephthalate(PET) Foam For Wind Turbine Market Size Forecast by Type
9.6.1 Low-density Foam
9.6.2 High-density Foam
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Polyethylene Terephthalate(PET) Foam For Wind Turbine Market Size Forecast by Applications
9.10.1 Land Wind Turbine
9.10.2 Offshore Wind Turbine
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Polyethylene Terephthalate(PET) Foam For Wind Turbine Analysis and Forecast
10.1 Introduction
10.2 Europe Polyethylene Terephthalate(PET) Foam For Wind Turbine Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Polyethylene Terephthalate(PET) Foam For Wind Turbine Market Size Forecast by Type
10.6.1 Low-density Foam
10.6.2 High-density Foam
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Polyethylene Terephthalate(PET) Foam For Wind Turbine Market Size Forecast by Applications
10.10.1 Land Wind Turbine
10.10.2 Offshore Wind Turbine
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Polyethylene Terephthalate(PET) Foam For Wind Turbine Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Polyethylene Terephthalate(PET) Foam For Wind Turbine Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Polyethylene Terephthalate(PET) Foam For Wind Turbine Market Size Forecast by Type
11.6.1 Low-density Foam
11.6.2 High-density Foam
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Polyethylene Terephthalate(PET) Foam For Wind Turbine Market Size Forecast by Applications
11.10.1 Land Wind Turbine
11.10.2 Offshore Wind Turbine
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Polyethylene Terephthalate(PET) Foam For Wind Turbine Analysis and Forecast
12.1 Introduction
12.2 Latin America Polyethylene Terephthalate(PET) Foam For Wind Turbine Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Polyethylene Terephthalate(PET) Foam For Wind Turbine Market Size Forecast by Type
12.6.1 Low-density Foam
12.6.2 High-density Foam
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Polyethylene Terephthalate(PET) Foam For Wind Turbine Market Size Forecast by Applications
12.10.1 Land Wind Turbine
12.10.2 Offshore Wind Turbine
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Polyethylene Terephthalate(PET) Foam For Wind Turbine Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Polyethylene Terephthalate(PET) Foam For Wind Turbine Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Polyethylene Terephthalate(PET) Foam For Wind Turbine Market Size Forecast by Type
13.6.1 Low-density Foam
13.6.2 High-density Foam
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Polyethylene Terephthalate(PET) Foam For Wind Turbine Market Size Forecast by Applications
13.10.1 Land Wind Turbine
13.10.2 Offshore Wind Turbine
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Polyethylene Terephthalate(PET) Foam For Wind Turbine Market: Competitive Dashboard
14.2 Global Polyethylene Terephthalate(PET) Foam For Wind Turbine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 3A Composites
14.3.2 Armacell International
14.3.3 BASF
14.3.4 Carbon-Core Corp
14.3.5 Changzhou Tiansheng New Materials
14.3.6 Diab Group (Ratos Ab)
14.3.7 Gurit Holding
14.3.8 PETro Polymer Shargh
14.3.9 Sekisui Plastics
14.3.10 Dow Chemical
14.3.11 3A Composites
