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Microcellular Plastics Market Global Market Opportunity Assessment Study 2022
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Scaffolding is the temporary structure created during construction to support the work crew. Hence, the rapidly growing construction market is anticipated to fuel the demand for microcellular plastics during the forecast period.The growing construction of residential and non-residential buildings is driving the demand for microcellular plastics. For infrastructure development, the U.K. government’s public sector investment is estimated to increase by USD 4.9 billion to about USD 77.7 billion in 2013 – 2014, over that in 2012 – 2013. It was expected to further increase to about USD 93.0 billion in 2015 – 2016.
Geographically, North America was the largest market for microcellular plastics in 2015 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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Bottom-up approach has been used to calculate the market size.P&S Market Research analysts and consultants interacted with leading companies of the concerned domain to substantiate every value of data presented in the report. Thecompany basesits primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online and offline research.
Some of the major competitors in the global microcellular plastics market include Horizon Plastics International Inc., Sealed Air, Lavergne Performance Compounds, Ingenia Polymers Corp., ABC Group, Gracious Living Innovations, Armacell Canada Inc., Canadian General Towers and Total Plastics Solutions.
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This has a lot to do with the growing preference for high-performance materials, and the increasing requirement from healthcare, packaging transportation, and electronics industries, as a result of their boosted and better properties as opposed to conventional materials.
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