Microcellular Plastics Market By Type (Polystyrene (PS), Polyvinyl Chloride (PVC), Polycarbonate (PC), Polyethylene Terephthalate (PET), Polyurethane (PU), Others), By End User (Healthcare, Building and Construction, Food Packaging, Electrical and Electronics, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global microcellular plastics market was valued at $47.6 billion in 2021, and is projected to reach $93.0 billion by 2031, growing at a CAGR of 7.1% from 2022 to 2031.
Microcellular plastic is a type of thermoplastic polymer that has a large number of tiny bubbles and is characterized by a great number of cell densities. Microcellular plastics are manufactured utilizing environmentally friendly gases such as nitrogen and carbon dioxide, which are predicted to minimize the usage of traditional plastic foam techniques, which emit a high level of toxic emissions. Other properties include thermal insulation, sound insulation, cushion, energy absorption, filtration, selective light transmission, diffusion, and tissue engineering scaffolds, making the product competitive with microcellular plastics.
The microcellular plastics market is segmented into type, end-use industry, and region. On the basis of type, the market is categorized into polystyrene, polyvinyl chloride, polycarbonate, polyethylene terephthalate and others. On the basis of end-use industry, it is categorized into healthcare, building & construction, food packaging, electrical & electronics, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and the role of each stakeholder. Value chain analysis for this industry, which includes R&D, components manufacturers, assembly, programming & testing, marketing & sales, customers, and post-sales services, is explained. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain the intense competition in the industry.
In addition, the report covers profiles of key industry participants such as Armacell, BASF SE, Formosa Plastics Corporation, INEOS, INOAC CORPORATION, LAVERGNE, Inc., RTP Company, SABIC, TotalEnergies, and Trinseo.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the microcellular plastics market analysis from 2021 to 2031 to identify the prevailing microcellular plastics market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the microcellular plastics market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global microcellular plastics market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Polystyrene (PS)
Polyvinyl Chloride (PVC)
Polycarbonate (PC)
Polyethylene Terephthalate (PET)
Polyurethane (PU)
Others
By End User
Healthcare
Building and Construction
Food Packaging
Electrical and Electronics
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Trinseo
Armacell
Formosa Plastics Corporation
TotalEnergies SE
BASF SE
LAVERGNE, Inc.
RTP company
SABIC
INEOS
INOAC CORPORATION
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