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Global PET Felt Market Size, Share, Trends, Forecast: By Size: Above 25 mm, 15-25 mm, 10-14 mm, Less than 10 mm; By Material: Virgin Polyester Resin, Recycled PET; By Application: Acoustic Ceiling Panel, Acoustic Ceiling Baffle, Acoustic Hanging Screens, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global PET Felt Market Outlook
The global PET felt market size is estimated to exhibit a CAGR of 9.20% in the forecast period of 2024-2032. The major market drivers are the growing usage of the product as hanging screens or acoustic panels to provide aesthetic appearance and minimise sound transmission in the construction sector.
Key Trends in the Market
PET or polyethylene terephthalate felt is a soft felt fabric that is produced from recycled PET water bottles and containers. Its properties such as high strength, durability, lightweight, and flexibility, make it applicable for acoustic panels and hanging screens, among others.
- Growing demand for sustainable products in the interior designing sector is one of the crucial PET felt market trends. PET felts are manufactured from recycled water or soda bottles and provide a green solution for eco-conscious consumers.
- PET felt is widely implemented in residential and commercial buildings’ decor for providing customised ceiling designs such as suspended acoustic panels, dynamic acoustic control, sculpted ceilings, and three-dimensional ceiling structures, among others.
- Ongoing research and development by manufacturers and designers to enhance the versatility and applications of the material also provides impetus to the PET felt market growth. Some of these developments include panels that remove low-frequency built-ups and unwanted reflection and panels with insulation, acoustic conditioning, and recyclability among others.
Market Analysis
Based on size, the market is categorised into above 25 mm, 15-25 mm, 10-14 mm, and less than 10 mm, among others. On the basis of material, the market is bifurcated into virgin polyester resin and recycled PET. The PET felt market segmentation, based on application, includes acoustic ceiling panel, acoustic ceiling baffle, and acoustic hanging screens, among others. The major regional markets of PET felt are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the PET felt market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Soften Oy
- De Vorm
- JAuto India Private Limited
- Dual Ulsan Co Ltd
- Suzhou Greenish New Material Technology
- Others
Market Share by Size
10-14 mm occupies a significant portion of the global PET felt market share as the felt of this thickness range provides a balance between durability and sound absorption properties. Furthermore, it is easier to install, due to which it finds widespread applications in acoustic panels and hanging screens where superior sound dampening is required. Additionally, it provides a visually appealing appearance to interiors, which makes it suitable for residential and commercial spaces that require a blend of functionality and aesthetics.
Market Share by Region
As per the regional PET felt market analysis, the Asia Pacific accounts for a substantial share of the global market owing to the flourishing textile sector in the region. Moreover, the high consumption of PET plastic bottles boosts the production of eco-friendly products and solutions, including PET felt. Several government initiatives aimed at promoting plastic recycling are also a major factor aiding the market. Additionally, rapid urbanisation and an increase in construction activities in developing economies are fuelling the interior designing sector, creating lucrative opportunities for the market growth.
Competitive Landscape
Soften Oy, established in 2007 and headquartered in Turku, Finland, is a provider of acoustic interior designing solutions. Some of its popular products include space dividers, lamps, and acoustic panels, among others.
De Vorm, a manufacturer of interior design products and sustainable materials, was founded in 2005. The company, based in Arnhem, the Netherlands, provides products made from PET felt such as acoustic panels, furniture, and lighting.
JAuto India Private Limited, incorporated in 2019, and based in Andhra Pradesh, India, is a transport equipment manufacturer. The company provides automotive and special, retail and industrial, and branded products, among others.
Other PET felt market players include Dual Ulsan Co Ltd, and Suzhou Greenish New Material Technology, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Size |
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| Breakup by Material |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global PET Felt Market Analysis
8.1 Key Industry Highlights
8.2 Global PET Felt Historical Market (2018-2023)
8.3 Global PET Felt Market Forecast (2024-2032)
8.4 Global PET Felt Market by Size
8.4.1 Above 25 mm
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 15-25 mm
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 10-14 mm
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Less than 10 mm
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.5 Global PET Felt Market by Material
8.5.1 Virgin Polyester Resin
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Recycled PET
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global PET Felt Market by Application
8.6.1 Acoustic Ceiling Panel
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Acoustic Ceiling Baffle
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Acoustic Hanging Screens
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global PET Felt Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America PET Felt Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe PET Felt Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific PET Felt Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America PET Felt Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa PET Felt Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Soften Oy
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 De Vorm
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 JAuto India Private Limited
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Dual Ulsan Co Ltd
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Suzhou Greenish New Material Technology
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global PET Felt Market: Key Industry Highlights, 2018 and 2032
2. Global PET Felt Historical Market: Breakup by Size (USD Million), 2018-2023
3. Global PET Felt Market Forecast: Breakup by Size (USD Million), 2024-2032
4. Global PET Felt Historical Market: Breakup by Material (USD Million), 2018-2023
5. Global PET Felt Market Forecast: Breakup by Material (USD Million), 2024-2032
6. Global PET Felt Historical Market: Breakup by Application (USD Million), 2018-2023
7. Global PET Felt Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Global PET Felt Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global PET Felt Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America PET Felt Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America PET Felt Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe PET Felt Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe PET Felt Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific PET Felt Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific PET Felt Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America PET Felt Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America PET Felt Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa PET Felt Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa PET Felt Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global PET Felt Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 9.20% between 2024 and 2032.
The major market drivers are the rising demand for sustainable products and the growing usage of the product in the automotive and construction sectors to minimise sound transmission.
The key trends of the market include the flourishing textile sector and the rising trend of customisation in residential and commercial decor.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Various sizes of PET felt are above 25 mm, 15-25 mm, 10-14 mm, and less than 10 mm, among others.
The different materials used in PET felt are virgin polyester resin and recycled PET.
The different applications of PET felt are acoustic ceiling panel, acoustic ceiling baffle, and acoustic hanging screens, among others.
The key players in the market are Soften Oy, De Vorm, JAuto India Private Limited, Dual Ulsan Co Ltd, and Suzhou Greenish New Material Technology, among others.
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