Global Microcellular Plastics Market Size, Share, Development, Growth Till 2022
Microcellular plastics are biodegradable plastics with various sustainability properties including thermal insulation, sound insulation, cushion, energy absorption.
Microcellular plastics are biodegradable plastics with various sustainability properties including thermal insulation, sound insulation, cushion, energy absorption, filtration, selective light transmission and diffusion, and tissue engineering scaffolds. The factors limiting the use of these plastics include higher material cost, and limited number of processing units. Microcellular plastics may replace the conventional plastics, if the extremely high cost won’t be a constraint for large scale production.
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The global microcellular plastic market is driven by growing demand for plastics in food packaging and healthcare segments. The transportation, electronic and toy making industry is also fuelling the demand for these plastics, owing to their increasing application in various end user industries. Microcellular plastics offer better and enhanced properties, in comparison to conventional. These properties include low residual stress, shorter cycle times, and less material consumption.The growing demand for high performance materials in various end-user industries is expected to fuel the growth of the market for microcellular plastics across the globe during the forecast period.
The global microcellular plastics market is expected to grow at a CAGR of 8.0% during the forecast period.In 2015, North America was the largest market for microcellular plastics and held significant share in the global market. The factors driving the growth of the microcellular plastic market in North America are the developing research and activities linked to the microcellular plastic production by key market players and increasing demand of high-performance plastics in industries, such as food packaging, healthcare and transportation.
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GLOBAL MICROCELLULAR PLASTICS MARKET
By Application– Construction, Food Packaging, Healthcare, Electronics, Transportation, Toys
By Region – North America, Europe, Asia-Pacific,Rest of the World
GLOBAL MICROCELLULAR PLASTICS MARKET, BY GEOGRAPHY
North America Microcellular Plastics Market
Europe Microcellular Plastics Market
Asia-Pacific Microcellular Plastics Market
Rest of the World (RoW) Microcellular Plastics Market
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Jan 05, 2017