Microcellular Plastics Market Is Dominated by North America

The microcellular plastics market was valued at $9,873.8 million in 2021, and it is set to reach $21,233.5 million by 2030, growing at a CAGR of 8.9% between 2021 and 2030.

The growth of this industry can be credited to the growing adoption of high-performance materials, and the mounting demand from end-use industries including, healthcare, packaging, transportation, and electronics mainly because of their advanced functionality in comparison to conventional materials.

In 2021, Polyvinyl chloride held the largest revenue share and is projected to continue its dominance in the years to come. This can be due to its major usage in the construction sector, because it is cost-efficient, resistant to corrosion, and improved durability.

Additionally, because of its cost efficiency and better weather resistance than rubber and leather, Polyvinyl chloride is increasingly demanded for its applications in clothes, sportswear, footwear, and furniture.

In 2021, The construction category had the major revenue share and is projected to continue its dominance in the years to come. This can be ascribed to the extensive use of plastics in making several things like plastic screws and hinges, and to larger plastic parts, which are used in decoration, waterproofing, electric wiring, flooring, and more.

APAC will grow the fastest in the years to come. This can be credited to the accessibility of raw materials in abundance, rapid industrialization, availability of low-cost labor, population growth, a surge in end-use industries including, healthcare, construction, food packaging, transportation, and several government guidelines to support the use of plastics, in the APAC.

Therefore, the growing demand for plastic materials from several industries for their wide range of applications will drive requirement for microcellular plastics in the future.

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How Is Medical Injection-Molded Plastics Market Changing Healthcare Sector?

Medical and pharmaceutical items greatly influence the safety and health of patients. As a result, it is crucial to guarantee every product's quality and its separate components throughout the production process, from design to end inspection.

High accuracy, precision, and quality levels may be achieved through efficient and economical production of medical and pharmaceutical products using plastic injection molding. It is used to make parts for everything from lab tools and testing equipment to medical devices.

The plastic injection molding method is described in detail on the next page, along with its critical function in the pharmaceutical and medical sectors. The global medical injection-molded plastics market is predicted to generate $37,899.5 million by 2030. This can be ascribed to the rising use of plastic in numerous healthcare usage, including mobility aids, implant packing, and medical gadgets.

Medical Solutions for Plastic Injection Molding Infographic

Plastic injection molding has several definite benefits over other plastic production techniques, particularly when partnered with an experienced, qualified injection molding partner. These advantages include the following:

Mechanical attributes: Injection molded components created from engineering-grade plastic resins have remarkable mechanical attributes, such as high-temperature resistance, tensile strength, and tolerances that are on par with those of metal components.

Flexibility: Since companies use virgin, uncolored material, they can alter each element's color to suit the customer's requirements precisely.

Savings: For big production numbers, injection molding is a manufacturing technique that is both efficient and affordable. Further, lower labor and electricity expenses by using energy-efficient machinery and automation technology.

Growing Popularity of Plastic Injection-Molded Medical Devices and Equipment

The healthcare industry is changing dramatically because of injection-molded plastics. To make medical equipment and components lighter, cheaper, and simpler to sterilize, such materials are utilized in the production of housings for needles, blood sample analysis cuvettes, pregnancy test devices, and other components.

Additionally, these polymers are moldable and may be utilized to create replacement heart valves and blood bags. These polymers are also used to create antibacterial contact surfaces, which might kill germs and other viruses and lessen the transmission of infections.

Moreover, such plastics can be modified to meet the requirements of a particular application. Owing to their ability to adapt to the most delicate and smallest molds, plastics are gradually utilized in surgical products and equipment such as stents, contemporary pacemakers, and joint replacement systems. Thus, the medical injection-molded plastics market will grow in the future. 

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