
Transparent Plastics - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Transparent Plastics market is accounted for $112.75 billion in 2018 and is expected to reach $229.1 billion by 2027 growing at a CAGR of 8.2% during the forecast period. Some of the key factors propelling the market growth are improved shelf-life of packaged food products and ease of customization. However, environmental pollution due to the low biodegradability of plastics and rising demand for eco-friendly packaging materials are the restraining factor for the growth of the market.
Transparent plastics are flexible over a specific temperature and can revert to a solid state upon cooling. These plastics possess features, for example, resistance to corrosion and chemicals, recyclability, lightweight, electrical and thermal conductivity, durability, shock resistance, water resistance, etc. It is a lightweight plastic that is fabricated to be rigid or semi-rigid, which helps protecting food and liquid products inside the packaging.
By type, rigid transparent plastics segment is likely to have a huge demand due to the nature of the blend, its physical properties, and simplicity of consumption; they are utilized in different applications, for example, electrical & electronics, building & construction, automotive, appliances, packaging, medical, etc. On the basis of geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due to the growing application in packaging, construction, automobile, electronics, consumer goods, and other different industries. Pollution caused due to low degradability of plastics and rising requirement for eco-friendly packaging materials in the region are driving the market growth.
Some of the key players in Transparent Plastics Market include Arkema S.A., Asahi Kasei Corporation, BASF SE, Chi Mei Corporation, Covestro, Denka Company Limited, E. I. Du Pont De Nemours and Company, Eastman Chemical Company, Evonik Industries AG, INEOS, LANXESS AG, LG Chem, Lyondellbasell Industries Holdings B.V., PPG Industries, SABIC, Teijin Limited, The Dow Chemical Company and Trinseo S.A.
Polymer Types Covered:
• Acrylonitrile Butadiene Styrene
• Actuator
• Liquid silicone rubber (LSR)
• Polycarbonate (PC)
• Polyethylene Terephthalate (PET)
• Polymethyl Methacrylate (PMMA)
• Polypropylene (PP)
• Polystyrene (PS)
• Polyvinyl Chloride (PVC)
• Styrene Block Copolymers
• Other Polymer Types
Types Covered:
• Flexible Transparent Plastics
• Rigid Transparent Plastics
Applications Covered:
• Appliance
• Automotive
• Building & Construction
• Consumer Goods
• Electrical & Electronics
• Healthcare and Pharmaceutical
• Medical
• Packaging
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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