Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 12,719.5 Million | USD 20,072.3 Million | 7.9% | 2021 |
FrequentlyAsked Questions
Superior impact strength, fatigue life, durability, insulation strength, thermal stability, heat, sound insulation performance, and optical qualities drive the microplastics market. Improving one's standard of living and upgrading is a critical aspect driving the market's growth.
According to the Market Research report, the Microcellular Plastics Market was worth about 12,719.5 (USD million) in 2021 and is predicted to grow to around 20,072.3 (USD million) by 2028, with a compound annual growth rate (CAGR) of around 7.9 percent.
Over the forecast period, North America is expected to show consistent expansion in the microcellular plastics market due to the recovery of the industrial sector as well as rising expenditure on rehabilitation and maintenance of the building sector. In addition, because of the presence of automobile manufacturers, as well as increased investment in R&D and innovation activities in this industry, will boost the market growth.
Some of the main competitors dominating the Microcellular Plastics Market include - Inenia Polymers Corp., Saint-Gobain, BASF SE, Lavergne Performance Compounds, General Plastics Manufacturing Company, Rogers Corporation, INOAC Corporation, Mearthane Products and others.
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