The Transparent Plastics Market is expected to reach USD 170.48 billion by 2027, according to a new report by Reports and Data. Transparent plastics are used for the manufacture of shatter-resistant, lightweight, and long-lasting products. They are used for designing unique shapes and complex geometries.
The market is principally driven by the rising demand for plastics from the packaging industry, especially from the F&B packaging industry. This demand is due to the plastic’s corrosion-resistant nature, moisture barrier, and micro-organisms resisting characteristics, all these benefits to provide an increased shelf life of the food products. Transparent Plastics are even used widely in the pharmaceutical and FMCG packaging industry, which is most anticipated to drive the demand of the market in the forthcoming years. Moreover, the growing usage of these products in electric vehicles due to its safe operations, secured insulation properties, high mechanical properties, and others are also believed to have a significant positive impact on the market growth of Transparent Plastics. As from the environmental point of view, the burgeoning increase of electric vehicles globally is an essential factor that is expected to propel the market.
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The market in the North America region accounts for the second largest share of 27.3% of the market in 2019. The presence of large organized players in this region contributes to the large share. These organizations are stimulating their attempts to be in line with market trends.
Leading Market Competitors: Dow Chemical Company, LyondellBasell, SABIC, Covestro, Chi Mei Corporation, INEOS, BASF, PPG Industries, LANXESS, Evonik Industries, Teijin Limited, Denka, LG Chem, Trinseo, Asahi Kasei, Eastman Chemical Company, Arkema.
Increasing demand for essential consumer products including soaps, detergents, perfumes, etc., growing production of environmentally sustainable chemicals and raw materials, and technological advancements in chemical and material manufacturing processes are some of the key factors driving the growth trend of the global materials & chemicals market. Rapidly surging demand for organic chemicals and high-performance specialty chemicals in the oil & gas, pharmaceutical, pulp & paper, personal care & cosmetics, food & beverage, agriculture, and textile industries is another important parameter for market growth.
Global Transparent Plastics Market Segmentation:
Form Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2017-2027)
Type Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2017-2027)
- Polyethylene Terephthalate (PET)
- Polyvinyl Chloride (PVC)
- Polypropylene (PP)
- Polystyrene (PS)
- Polycarbonate (PC)
- Polymethyl Methacrylate (PMMA)
End Users Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2017-2027)
- Building & Construction
- Electrical & Electronics
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- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
Reasons to purchase this report:
- The industry analysis report offers actionable insights into the global Transparent Plastics industry and discusses the major growth propellers, limitations, opportunities, and challenges existing in the market.
- The report closely investigates the present and historical market scenarios to help readers predict the market situation over the next seven years.
- The report systematically profiles the leading companies operating in the Transparent Plastics market, and, at the same time, highlights their long-term business expansion strategies.
- In-depth scrutiny of the Transparent Plastics business landscape with accurate market projections for the forecast period.
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