Rigid Transparent Plastic Market Analysis Report, Growth, Trends and Forecast from 2017 to 2024

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Rigid Transparent Plastic Market Update, Analysis
and Forecast Report, 2017 to 2024 Global Market
Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of Rigid Transparent Plastic
Market

• North America is projected to observe high demand
  in the rigid transparent plastic market owing a
  varied range of applications in various chemicals
  and medical devices. Growing application in
  chemical industry in the region will boost the
  demand for PET, used in chemical storage
  activities due to its low cost and maintenance.
  Several manufacturers are engaged in research and
  development operations to develop innovative
  products offering high performance due to
  stringent government regulations for reducing
  harmful greenhouse effects. Europe is also
  expected to grow in demand owing to its large
  automotive and construction base. Rigid
  transparent plastic market in the region is
  expected to rise moderately with expanding usage
  of PT, PC and PVC in various industrial and
  consumer goods including cables, insulation
  wires, electrical devices, toys, housewares and
  spectacles.
• Asia Pacific, led by China, India and Indonesia
  is projected to grow with high in various
  industries including packaged mineral water, food
  beverages, medicines and personal care goods,
  in turn driving rigid transparent plastic market
  growth. Increasing use of these products for
  packaging purposes over other substitutes due to
  their high sturdiness will flourish the rigid
  transparent plastic market. Changing lifestyle in
  the region is also a vital driving force for the
  rigid transparent plastic market growth over the
  forecasted period.

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• Application Analysis of Rigid Transparent Plastic
  Market
• Rigid transparent plastic market can be
  categorized based on its applications in numerous
  industries including packaging, infrastructure,
  food beverages, automotive, pharmaceuticals,
  housewares, toys and electrical electronics.
  Construction industry is anticipated to grow in
  demand owing to tremendous product features
  including high molecular weight, energy
  efficiency, lightweight and low thermal and
  electrical conductivity. Also, packaging industry
  is growing strongly due to polyethylene
  terephthalate (PET) used in malleable bottles and
  containers are strong and translucent. They can
  resist gas and moisture in extreme conditions
  which is expected to drive the rigid transparent
  plastic market demand substantially.
• On the basis of types, rigid transparent plastic
  market is segmented into polycarbonate,
  polystyrene, polyvinyl chloride, ABS, SBC and
  polypropylene. Among these, polycarbonates are
  expected to grow in demand due to its widespread
  applications in construction, electronics,
  automotive and aircraft industries. Advancement
  in economic conditions of several emerging
  economies including India and China will propel
  the product industry.

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Competitive Market Share of Rigid Transparent
Plastic Market

• Rigid transparent plastic market is highly
  fragmented and competitive in nature owing to the
  presence of various large and small scale
  industry players at global as well as local
  levels. Some of the key industry player include
  BASF, Dow Chemical Company, Reliance Industries,
  PPG Industries, DuPont, ExxonMobil, Evonik
  Industries and Eastman Chemical Company. Other
  prominent players are LG Chem, Total
  Petrochemicals, Chi Mei, Plaskolite, Sinopec
  Group, Ineos ChlroVinyls, Braskem and Hanwha
  Chemical.
• In 2017, British packaging company, RPC group
  acquired the U.S. based Letica Group for a total
  amount of USD 640 million in order to expand its
  operations outside Europe. The acquisition was
  carried out to strengthen the product portfolio
  and increase their overall industry share.

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