Press release
Microcellular Plastics Market is Projected to Reach USD 81.93 Billion by 2030: Cognitive Market Research
Microcellular Plastics Market is Projected to Reach USD 81.93 Billion by 2030: Cognitive Market Research
What are microcellular plastics?
Microcellular plastics are a type of thermoplastic polymer, which is broadly used in the polymer composite, food, and healthcare industries to decrease waste material and sustain valuable mechanical qualities. These plastics are durable and versatile solutions for physically loaded applications. They provide a unique combination of processing and material properties, improving efficacy by life-cycle performance elevating and manufacturing process. Furthermore, these provide 100% recycled material and environmental sustainability available in double-curved or 3D-shaped sandwich panels.
Summary:
As per the study of CMR, the Global Microcellular Plastics Market size stood at USD 48.52 Billion in 2022 and will reach the mark of USD 81.93 Billion by 2030. The global market is expected to expand at a CAGR of 6.7 % during the forecast period (2023-2030).
To know more about The Microcellular Plastics Market statistics click here: https://www.cognitivemarketresearch.com/microcellular-plastic-market-report
Market Dynamics:
Microcellular Plastics Market Drivers:
Increasing demand for microcellular plastics in building & construction used in the residential and commercial sector due to it providing unlimited possibilities in design achieved in bending, molding, extrusion, and others. This is the key factor likely to drive the growth of the microcellular plastics market. In addition, the growing demand for microcellular plastics in the food packaging industry because microcellular plastic is more solid, light in weight, and clean than other plastic is likely to fuel the growth of the target market.
Microcellular Plastics Market Opportunities:
Increasing awareness about plastic waste in oceans and landfills will present growth opportunities for the microcellular plastics market. In addition, the rising packaged food consumption is projected to create growth opportunities for the microcellular plastics market in the forecast period.
Microcellular Plastics Market Restraints:
Alternative plastic availability and raw material price fluctuation is the key factor anticipated to hamper the growth of the microcellular plastics market in the forecast period.
Market Segmentation:
Type:
• Polyurethane (PU)
• Polystyrene (PS)
• Polycarbonate (PC)
• Polyethylene Terephthalate (PET)
• Polyvinyl Chloride (PVC)
• Others
Based on type, the polyurethane (PU) segment has the largest share in the microcellular plastics market. This is attributed to microcellular polyurethane plastics' lightweight and focuses decrease the product weight especially aerospace and automotive sectors. In addition, increasing the use of microcellular polyurethane plastics as a lightweight alternative to traditional materials like other plastics and metals is a factor affecting the target market growth.
End User:
• Electrical and Electronics
• Healthcare
• Food Packaging
• Building and Construction
• Others
Based on end-user, the food packaging segment has the major share in the microcellular plastics market. This is owing to food packaging commonly using polypropylene in maple syrup containers, make yogurt containers, sour cream containers, prescription drug bottles, and cream cheese containers is propelling the growth of this segment in the target market.
Competitive Analysis of the Microcellular Plastics Market: General Plastics , BASF SE , Horizon Plastics International , Trexel , Microgreen Polymers , ABC Group , Gracious Living Innovations
Get free sample pages of the latest published Microcellular Plastics Market Report: https://www.cognitivemarketresearch.com/microcellular-plastic-market-report#request_sample
Regional Analysis:
Asia-Pacific accounted for the largest share of the microcellular plastics market
Asia-Pacific has the largest revenue share in the microcellular plastics market. This is due to the increasing microcellular plastic popularity in pipes and windows in the region. In addition, the rising demand for microcellular plastic in food packaging, building, construction, and industry in the region is anticipated to drive the microcellular plastic market in the region.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Microcellular Plastic Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Microcellular Plastic Market Segmentation
1.5.1 Microcellular Plastic Market Regional Fragmentation
1.5.1 Microcellular Plastic Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Microcellular Plastic Market
• 3.1 Global Microcellular Plastic Market Size 2018 - 2030, (USD Million)
• 3.2 Global Microcellular Plastic Value, Absolute & Opportunity Analysis
• 3.3 Global Microcellular Plastic Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Microcellular Plastic Market Statistics 2022: Snapshot
Chapter 4 Global Microcellular Plastic Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Microcellular Plastic Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Microcellular Plastic Market by End User Segmentation Analysis (2018-2030)
Chapter 11 Global Microcellular Plastic Market Regional Analysis
Chapter 12 North America Microcellular Plastic Market Outlook (2018 - 2030)
Chapter 13 Europe Microcellular Plastic Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Microcellular Plastic Market Outlook (2018 - 2030)
Chapter 15 Latin America Microcellular Plastic Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Microcellular Plastic Market Outlook (2018 - 2030)
Chapter 17 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about The Microcellular Plastics Market TOC click here: https://www.cognitivemarketresearch.com/microcellular-plastic-market-report#table_of_contents
Related Report:
• Extruded Plastics Market- https://www.cognitivemarketresearch.com/extruded-plastics-market-report
• Commodity Plastic Market- https://www.cognitivemarketresearch.com/commodity-plastic-market-report
• Microcellular Polyurethane Foams Market- https://www.cognitivemarketresearch.com/microcellular-polyurethane-foams-market-report
Blog:
• Online Grocery Shopping on The Up and Up: To Persist: Cognitive Market Research- https://www.cognitivemarketresearch.com/blog/online-grocery-shopping-on-the-up-and-up-to-persist
Article:
• Growing Demand for Smart Elevators Boosts the High rise Elevators Market- https://www.cognitivemarketresearch.com/articles/growing-demand-for-smart-elevators-boosts-the-high-rise-elevators-market
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
USA: +1 312-376-8303
Europe and UK: (+44) 20-8144-9523
Asia Pacific: (+852) 81930785
Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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