|Published||Report Code||Available Format||Pages|
The global market for microcellular plastics is expected to grow at a CAGR of 8.0% during the forecast period. This growth is attributed to the increasing demand from food packaging and healthcare applications. Additionally, the demand is expected to increase from toy manufacturing industry, transportation, and electronic sector. Microcellular plastics offer enhanced and better properties in comparison to conventional materials. These properties include less material consumption. With the growing demand for high performance materials from several end-user industries, the demand for micro cellular plastics is likely to increase. The processing of microcellular plastics comprises in three basic elements, creating a gas/polymer solution, inducing a thermodynamic instability to nucleate billions of micro voids, and controlling the diffusional growth of stable nuclei.
Microcellular plastics are a type of biodegradable plastic which have sustainability, selective light transmission and diffusion, sound and thermal insulation, energy absorption, tissue engineering scaffolds and filtration properties. The factors restraining usage of microcellular plastics are limited number of processing units and the high material costs. Microcellular plastics have the ability to substitute conventional plastics provided the extremely high costs are not a constraint for production at a large scale.
By application, the global market for microcellular plastic has been categorized into healthcare, transportation, electronics, food packaging, toys, and construction industry.
The demand for microcellular plastics in the Asia-Pacific region majorly arises from construction, transportation and food packaging sector. The market is expected to witness a significant demand from emerging economies in the region, such as China and India owing to rapid industrialization. North America dominated the global market with the largest share in 2015. The market for microcellular plastics in North America is expected to grow in the coming years owing to increasing research and development in microcellular production, and high demand from end use industries including food packaging, healthcare and transportation. Microcellular plastic market is expected to grow in the region of Middle East & Africa and Latin America due to the increasing demand from end-user industries of South Africa and GCC countries.
Some of the leading players in the global market for microcellular plastics are COMPAGNIE DE SAINT-GOBAIN, Rogers Corporation, General Plastics Manufacturing Company, INOAC Corporation, BASF SE, Mearthane Products Corporation, Evonik Industries AG, ABC Group Inc., Huntsman Corporation, and Grisworld LLC.
Key Questions Answered: