The global PET Felt Panels market was valued at US$ 147.9 million in 2019 and it is expected to reach US$ 206.7 million by the end of 2026, growing at a CAGR of 7.0% during 2021-2026.
PET felt is made of recycled PET (the type of plastic found in water or soda bottles) that becomes a soft, yet sturdy felt material. Durable in nature, PET felt offers great acoustic performance and can be recycled at the end of its life. PEF felt panels refer to the acoustics panels made of PET felt.
Globally, production and consumption of PET Felt Panels has been concentrated in Europe and North America. In 2019 Europe consumed 48.20% of global PET Felt Panels in terms of sales volume.
Leading suppliers in the industry are De Vorm, Woven Image, 3 Form LLC, Silent PET, Soften Oy, Ideal Felt, Unika VAEV, Echo Jazz, Intermedius, Avenue Interior Systems, Feltkutur, Kingkus, Suzhou Greenish New Material Technology, etc. The market is high fragmented, with the top 10 players takes 47.98% revenue share in 2019.
Application of PET Felt Panels can be classified as Home Application, Entertainment Application, Workplace Application, Industrial Application. The Workplace Application holds an important share in terms of applications.
Among all the types, 10-15 mm occupied most of the market, nearly 38%. The 15-25 mm type hold about 30% of the market.
Global PET Felt Panels Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global PET Felt Panels Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are De Vorm, Woven Image, 3 Form LLC, Silent PET, Soften Oy, Ideal Felt, Unika VAEV, Echo Jazz, Intermedius, Avenue Interior Systems, Feltkutur, Kingkus, Suzhou Greenish New Material Technology, Nantong Ofisolution New Material, Shenzhen Vinco Soudproofing Materials and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-pet-felt-panels-market-research-report
Segment by Type
- Below 7 mm
- 7-10 mm
- 10-15 mm
- 15-25 mm
- Above 25 mm
Segment by Application
- Home Application
- Entertainment Application
- Workplace Application
- Industrial Application
Table of Content:
1 PET Felt Panels Market Overview
2 PET Felt Panels Market Competition by Manufacturers
3 PET Felt Panels Retrospective Market Scenario by Region
4 Global PET Felt Panels Historic Market Analysis by Type
5 Global PET Felt Panels Historic Market Analysis by Application
6 Key Companies Profiled
7 PET Felt Panels Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 PET Felt Panels Market Dynamics
10 Global PET Felt Panels Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.