Increasing Construction Activities Fueling Worldwide Sales of Microcellular Plastics

Due to the surging requirement for microcellular plastics in the healthcare and food packaging industries, their sales are soaring sharply all over the globe. Moreover, these plastics are also extensively used in the transportation, electronic, and toy manufacturing industries, on account of the fact that they have better and enhanced characteristics than the conventionally used materials such as lesser material consumption. The mushrooming requirement for high performance materials in various end-use industries is also boosting the sales of microcellular plastics.

Apart from the aforementioned factors, the boom in the construction industry in several countries, on account of the soaring investments being made in infrastructural development and construction projects, is also positively impacting the demand for microcellular plastics across the world. These plastics are majorly used in scaffolding, which is basically a temporary structure that is set up during construction activities such as the construction of a building for supporting the work crew.

For instance, the U.K. government’s investment in the country’s public sector is predicted to rise from USD 4.9 billion to nearly USD 77.7 billion between 2013 and 2014. This spending is further predicted to grow to as much as USD 93.0 billion in 2015–2016. The surge in public sector investment will lead to a massive rise in the number of infrastructural development projects, which will, in turn, push up the demand for microcellular plastics.

Due to the above-mentioned factors, the sales of microcellular plastics are exploding all over the world, which is, in turn, driving the expansion of the global microcellular plastics market. Microcellular plastics are a kind of biodegradable plastics that have high sustainability, selective light diffusion and transmission, thermal and sound insulation, tissue engineering scaffolds and filtration, and energy absorption characteristics. As these plastics have cheaper production processes, they are increasingly being used in place of the traditional plastics in various applications.

According to the findings of P&S Intelligence, a market research company based in India, the demand for these plastics was also very high in Europe during the last few years. This was ascribed to the presence of a thriving automotive industry in the region. COMPAGNIE DE SAINT-GOBAIN, INOAC Corporation, Rogers Corporation, Grisworld LLC, Huntsman Corporation, ABC Group Inc., Evonik Industries AG, and Mearthane Products Corporation are some of the major microcellular plastics producing companies across the world.

Hence, it is clear from the above paragraphs that the sales of microcellular plastics will rise enormously all over the world in the coming years, primarily because of their growing requirement in various end-use industries such as construction and automotive.