DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Microcellular Plastics Market Size, Share, Development, Growth and Demand Forecast to 2022" report to their offering.
The global microcellular plastics market is expected to grow at a CAGR of 8.0% during the forecast period.
The global microcellular plastic market is driven by growing demand for plastics in food packaging and healthcare segments. The transportation, electronic and toy making industry is also fuelling the demand for these plastics, owing to their increasing application in various end user industries. Microcellular plastics offer better and enhanced properties, in comparison to conventional. These properties include low residual stress, shorter cycle times, and less material consumption.
The growing demand for high performance materials in various end-user industries is expected to fuel the growth of the market for microcellular plastics across the globe during the forecast period. Microcellular plastics processing contains three basic elements, creating a gas/polymer solution, inducing a thermodynamic instability to nucleate billions of micro voids, and controlling the diffusional growth of stable nuclei.
Opportunities In The Global Microcellular Plastics Market
- Expansion Opportunities In Asia-Pacific
Factors Driving Growth Of The Market And Its Impact On Market Forecast
- Growing Demand For Plastics In Food Packaging
- Growing Demand For Plastics In Healthcare
- Growing Demand For Microcellular Plastics In Construction Industry
- Impact Analysis Of Drivers On Market Forecast
Factors Restraining Growth Of The Market And Its Impact On Market Forecast
- High Raw Material Cost
- Limited Number Of Processing Units
- Impact Analysis Of Restraints On Market Forecast
Some of the major competitors in the global microcellular plastics market include
- Abc Group Inc.
- Basf Se
- Evonik Industries Ag
- Compagnie De Saint-Gobain
- Huntsman Corporation
- Rogers Corporation
- Inoac Corporation
- Mearthane Products Corporation
For more information about this report visit http://www.researchandmarkets.com/research/7v3xpb/global