ALL >> Business >> View Article
Microcellular Plastics Industry | Global Share, Industry Trends, Features, Scope, Opportunity And Fo
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.)
Microcellular Plastics 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.
Microcellular Plastics 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 rising disposable income coupled with rapid urbanization is likely to intensify the demand for microcellular plastics by augmenting automobile industry. The exponential demand for lightweight vehicles is also likely to increase the demand for microcellular plastics in the automobile industry. Furthermore, the growing population has paved the way for accelerated economic activities in the building & construction industry. This is another major factor responsible for aiding microcellular plastics market proliferation during the assessment period.
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.
Microcellular Plastics Market Segmentation
The report offers a detailed segmental analysis on the basis of application. The microcellular plastics market, by application, has been segmented into building & construction, healthcare, electrical & electronics, automotive & transportation, food packaging, and others.
Read Detailed Index of Full Research Study at @ https://www.marketresearchfuture.com/reports/microcellular-plastics-market-5579
Microcellular Plastics 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.
Business Articles1. Best Property Preservation Updating Services In Alabama
Author: RPR Services
2. Expansion Of Photoresist & Photoresist Ancillaries Market Will Remain Close To Being Stagnant Through 2025
Author: Jack Martin
3. 6 Easy Ways To Protect Your Home From Burglaries
Author: AYS System
4. Difc Investment Crowdfunding Business License - 10 Leaves
5. How To Find The Most Profitable On-demand Business With Uber Clone App
Author: Maria Smith
6. How Does The Uber Clone App Work? How Do I Choose The Best Uber Clone Script?
Author: Uber clone scipt
7. How To Obtain Fssc 22000 Certification In 5 Simple Steps
8. Best Playschool Franchise - iris florets
9. 2507 Super Duplex Round Bars
Author: chhajed alloys
10. Why Do Businesses Opt For Commercial Housekeeping Services?
Author: Tuskers India
11. Benefits Of Outsourcing Housekeeping Services
Author: Tuskers India
12. Specific Details Regarding Frp Pipes
Author: D CHEL OIL AND GAS
13. Why Are On-demand Home Services Apps The Next Big Thing In The Business World?
Author: Lilac Homier
14. Same Day Payday Loans For Cash Advance For Your Convenience
Author: Amy Jones
15. Specific Details Regarding Forged Circles And Forged Rings
Author: kanak metal & alloys