Microcellular Plastics Market to Reach USD 31.6 Billion by 2031 as Lightweighting and Green Manufacturing Accelerate

Chicago, 30th May 2025 — According to Clearview Market Insights (CVMI), the global microcellular plastics market is projected to grow from USD 15.2 billion in 2024 to USD 31.6 billion by 2031, reflecting a strong compound annual growth rate (CAGR) of 11.0 percent. Microcellular plastics are increasingly adopted across automotive, packaging, electronics, and consumer goods due to their strength-to-weight advantages, cost efficiency, and environmental sustainability.

"Microcellular plastics are emerging as the backbone of circular and lightweight manufacturing," said Jordan Moffat, Principal Analyst for Advanced Materials at CVMI. "Their unique combination of structural performance and sustainability aligns with regulatory, commercial, and consumer priorities."

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Market Highlights

Metric

2024

2031

CAGR (2024–31)

Market Value (USD Billion)

15.2

31.6

11.0 %

Automotive Share

32 %

29 %

Packaging Share

21 %

23 %

Extrusion Process Use

46 %

50 %

Asia-Pacific CAGR

13.5 %

Growth Catalysts

  • Automotive Weight Reduction – Foamed plastics replace heavier solid polymer and metal parts in EV interiors, under-the-hood components, and panels.
  • Material Efficiency Pressures – Global plastic taxes and recycling mandates incentivize volume reduction and recyclability, both supported by microcellular formats.
  • Electronics Miniaturization – Lightweight structural foams enable thinner housings and better thermal properties in devices.
  • Cost Savings – Up to 30% less polymer used per part lowers production costs at scale.
  • Sustainability Shift – Supercritical CO2 and bio-based polymers reduce environmental impact across lifecycle.

Key Players & Innovations

Company

2024 Share

Strategic Direction

SABIC

17 %

Automotive PP foam for EV battery protection and dashboards

BASF

14 %

TPU-based solutions for electronics, footwear, and packaging

Trexel Inc.

12 %

Licensing of MuCell® tech to molders in Asia and North America

RTP Company

8 %

Custom antimicrobial and fire-retardant structural foams

JSP Corporation

7 %

Polyolefin-based foams for logistics and e-commerce packaging

Regional Developments

  • North America – OEMs adopt foamed interior plastics in vehicles and consumer appliances to meet CAFE standards.
  • Europe – High uptake in recyclable packaging; partnerships between brand owners and converters in France and Germany.
  • Asia-Pacific – Fastest market expansion driven by automotive, electronics, and infrastructure growth in China, South Korea, and India.
  • Latin America – Appliance manufacturers in Brazil shift to foamed housings to save costs and meet energy-efficiency targets.
  • Middle East & Africa – Trial programs in construction insulation and food-grade packaging in South Africa and the UAE.

Milestones: 2024–25

Quarter

Event

Outcome

Q1 2024

SABIC launched EV-grade polypropylene foam

Improved dimensional stability and fire resistance

Q2 2024

BASF introduced shock-absorbing TPU foams

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