Microcellular Plastics Market Leading Players, Revenue Structure, Market Attractiveness, Competitive Landscape, Sales Research, Supply and Consumption Demand Analysis by 2023

The report of global Microcellular Plastics market includes the competitive landscape section which provides the full and in-depth analysis of the current market trends, changing technologies and developments that will be beneficial for the companies, which are competing in the market. The report offers an overview of revenue, demand, and supply of data, futuristic cost, and growth analysis during the projected the year.

Market Insights:                      

Market Research Future (MRFR)’s latest analysis reveals that the global microcellular plastics market is set to expand moderately over the forecast period 2017 to 2023. The product has developed application across different industry verticals owing to its characteristics such as impact strength, fatigue life, durability, thermal stability, etc. The boom witnessed in the end-user industries such as electrical & electronics, building & construction, healthcare, and food packaging among others is expected to drive the growth of the market in the forthcoming years.

The rapid industrialization, especially in the fast-developing economies, is poised to propel the expansion of the microcellular plastics market in the foreseeable future. Additionally, the adoption of microcellular plastics is also projected to increase as it is easily recyclable. The microcellular plastics market is likely to remain a lucrative one through the review period.

Competitive Dashboard:

Some of the key players profiled in this report include BASF SE (Germany), Gracious Living Innovations (Canada), Armacell Canada Inc. (Canada), Horizon Plastics International Inc. (Canada), Ingenia Polymers Corp. (U.S.), Lavergne Group (Canada), Sealed Air (U.S.), Total Plastics Solutions (U.S.), Trexel, Inc. (U.S.), and Griswold Corporation (U.S.).

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Market Segmentation

The global microcellular plastics market is further classified on the basis of application and region. On the basis of the application, the microcellular plastics market is segmented into building & construction, automotive & transportation, healthcare, electrical & electronics, food packaging, and others. Among them, automotive & transportation is estimated to hold the leading market share in 2016, which is further followed by electrical & electronics.

The factor behind the segment growth is increasing automotive production and sales along with rising demand for high-performance plastic material in these industries. Electrical & electronics application segment is predicted to grow at the highest CAGR owing to increasing purchasing power of consumer along with rising consumption of household devices. Increasing usage of microcellular foams for interior application, hollow wall claddings, ceilings, windows, and doors is estimated to fuel the building & construction segment over the forecast period.

Industry News:

In May 2018, Boston, Massachusetts based Trexel has announced the expansion of its MuCell microcellular foaming technology into injection molded packaging market. It is also moving into the automotive blow molding.

In June 2018, the U.S. based Viking Plastics has bought Genesis Plastics and Engineering LLC, a custom thermoformer. Genesis Plastics and Engineering LLC is an injection molder that makes interior automotive parts.

Regional Analysis:

By region, the microcellular plastics market has been segmented into Latin America, North America, Asia Pacific, Europe, and the Middle East & Africa. Asia Pacific is estimated to register the highest CAGR during the forecast period. The growth is attributable to the increasing demand from the end-user industries such as building & construction, electrical & electronics, and automotive & transportation among others. Furthermore, the continuous expansion of the country-level markets such as Australia, Taiwan, South Korea, Philippines, China, Japan, Thailand, India, Bangladesh, Malaysia, and Vietnam is likely to drive the growth of the regional microcellular plastics market. Asia Pacific has emerged as a manufacturing hub owing to inexpensive labor and land cost, low production set up fee, growing purchasing power, and moderately stringent regulatory framework. This is expected to expedite the expansion of the microcellular plastics market in the region.

Europe emerged as the largest market for microcellular plastics in 2016. It is projected to retain the pole position over the next few years owing to massive contributions from country-level markets such as Germany, Italy, UK, France, and Russia. The growth of the microcellular plastics market in the region is attributable to the consolidation of automotive manufacturers coupled with increasing investment in research & development and innovation activities. Meanwhile, North America is poised to exhibit steady growth with the U.S. and Canada being the primary contributors.

Latin America is poised to grow steadily owing to the moderate expansion of the country-level markets such as Brazil, Argentina, Mexico, Colombia, and Venezuela. The microcellular plastics market in Middle East & Africa is projected to thrive moderately owing the accelerated economic activities in the end-user industries.

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TABLE OF CONTENTS

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

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