Which Region Offers Lucrative Microcellular Plastics Market Opportunities?

Plastics are one of the most common materials around; from toys to food packaging, an insane variety of stuff is made from plastic. A downside to their versatility is their non-biodegradable nature, which is leading to plastic pollution; therefore, one of the most effective solutions to this problem remains recycling. As per the National Geographic Society, around 0.6 billion tons of plastic has been recycled till date. This sounds like a lot, but not when the total volume of plastic produced since the 1950s is taken into consideration — 9.2 billion tons!

Get a sample copy of the market analysis: https://www.psmarketresearch.com/market-analysis/microcellular-plastic-market/report-sample

Therefore, apart from promoting and mandating recycling, several biodegradable plastics are being developed, such as microcellular plastic. In such materials, bubbles, typically up to 50 micrometers in diameter, are formed by dissolving a gas in different types of polymers. Microcellular plastics have numerous positive attributes, such as selective light transmission and diffusion, sustainability, energy absorption, sound and thermal insulation, filtration, and tissue engineering scaffolding properties. Thus, with the increasing concerns related to pollution by plastics, the microcellular plastics market is witnessing robust growth around the world.

On a geographical basis, North America was the largest microcellular plastics market in the past, on account of the extensive research and development (R&D) being carried out in expanding the application area of such materials. In addition to this, the consumption of these materials in the transportation and food packaging industries of the region is also rising. The use of microcellular plastics is also high in Europe, which is majorly due to the high automotive production in the region.

Some of the leading players in the global market for microcellular plastics are COMPAGNIE DE SAINT-GOBAIN, Rogers Corporation, General Plastics Manufacturing Company, INOAC Corporation, BASF SE, Mearthane Products Corporation, Evonik Industries AG, ABC Group Inc., Huntsman Corporation, and Grisworld LLC.

Sponsor Ads

• Ad Space Available - Rent it Now!

Report this Page

Created on Jun 4th 2020 03:15. Viewed 275 times.

Share on APSense

Comments