GITNUX MARKETDATA REPORT 2024
Microcellular Plastics Industry Statistics
Microcellular Plastics Industry statistics show a steady increase in market value and demand due to the growing adoption of lightweight and energy-efficient materials across various industries.
In this post, we will explore key statistics and trends in the microcellular plastics industry. From market size and growth projections to regional market shares and dominant segments, we will provide insights into the driving forces behind the industry’s expansion. Stay tuned to learn more about the evolving landscape of microcellular plastics and its diverse applications across various sectors.
Statistic 1
"The global microcellular plastics market size was valued at USD 7521.4 million in 2020."
Statistic 2
"The market is projected to expand at a CAGR of 6.6% from 2021 to 2028."
Statistic 3
"Asia Pacific represented the largest market share, over 35% in 2020."
Statistic 4
"The microcellular plastics market in Europe is expected to grow at a CAGR of 6.5% from 2021 to 2028."
Statistic 5
"The microcellular plastics industry is primarily driven by the increasing demand in automotive and aviation industries."
Statistic 6
"The construction industry sector held a substantial share of the market in 2020, over 25% due to high demand for these plastics for insulation purposes."
Statistic 7
"The Polypropylene microcellular plastic segment led the market with over 32% share in 2020."
Statistic 8
"The medical applications of these plastics are estimated to exhibit the fastest growth over the forecast period."
Statistic 9
"The North America market is projected to reach USD 3.05 billion by 2028."
Statistic 10
"The injection molding process accounted for the largest market share of over 40% in 2020."
Statistic 11
"Microcellular Plastics Market is expected to reach USD 11341.7 Million by 2027."
Statistic 12
"The immunoassay market is projected to reach USD 17.25 billion by 2021 from USD 13.27 billion in 2026."
Statistic 13
"The global market size was relatively moderate in 2020, is expected to significantly rise by the end of 2027."
Statistic 14
"The global microcellular plastics market will be growing at a faster pace with substantial growth rates over the last few years."
Statistic 15
"Low-density polyethylene segment will dominate the market by 2027."
Statistic 16
"North America will have a significant market share regarding revenue in the microcellular plastic market and is expected to have a growth rate of above 14% CAGR."
Statistic 17
"In packaging application, microcellular plastics is anticipated to reach a market value of US$ 70 Mn by end of 2028."
Jannik Lindner
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