Global Microcellular Plastics Market trends demand regional analysis share and growth factors to forecast till 2027
microcellular plastics Market Market Research Future (MRFR)’s latest analysis reveals that the global microcellular plastics market is set to expand moderately over the forecast period 2017 to 2023. The product has developed application across different industry verticals owing to its characteristics such as impact strength, fatigue life, durability, thermal stability, etc. The boom witnessed in the end-user industries such as electrical & electronics, building & construction, healthcare, and food packaging among others is expected to drive the growth of the market in the forthcoming years. The rising disposable income coupled with rapid urbanization is likely to intensify the demand for microcellular plastics by augmenting automobile industry. The exponential demand for lightweight vehicles is also likely to increase the demand for microcellular plastics in the automobile industry. Furthermore, the growing population has paved the way for accelerated economic activities in t