Transparent Plastics Market 2019 | Global Size, Segments, Growth and Trends by Forecast to 2023

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Transparent Plastics Market Research Report -
Forecast to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Transparent Plastics Market Research Report-
Forecast to 2023
Transparent Plastics Market - Overview
Transparent Plastics are flexible or moldable
when placed above a specific temperature and
returned to a solid state upon cooling. These
plastics boast various properties like low
electrical and thermal conductivity,
recyclability, lightweight, shock resistance,
water resistance, durability, corrosion and
chemical resistance, and others. The global
transparent plastic market is slated to
experience an impressive CAGR over the forecast
period of 2018-2023. The market is primarily
driven by the proliferating demand for plastics
from the packaging industry, particularly from
the FB packaging industry. This demand can be
attributed to the plastics moisture barrier,
corrosion resistant nature, and micro-organisms
repelling characteristics. All these aids to
provide an improved shelf life of the food
products. Transparent plastics are even used
extensively in the pharmaceutical and FMCG
packaging industry, which is most likely to
propel the demand of the market in the
forthcoming years. Moreover, the increasing usage
of these products in electric vehicles due to its
reliable insulation properties, high mechanical
properties, safe operations, and others is also
believed to have a major positive impact on the
market growth of transparent plastics. As from
the environmental point of view, the burgeoning
growth of electric vehicles globally is a major
factor that is expected to drive the market.
However, amidst all these, the fluctuating state
of the raw material prices can go on to pose a
challenge to the market and hamper its growth
trajectory during the forecast period.
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Transparent Plastics Market Research Report-
Forecast to 2023
Segmental Analysis
The Global Transparent Plastics Market is
segmented by Type, Polymer Type, End-Use Industry
and Region. Transparent Plastics are available in
two types namely rigid and flexible. The flexible
type is leading the market due to its low cost,
sustainability, and customizable nature. Flexible
packaging is reusable, with features such as zip
locks and spouts make them more convenient. The
Global Transparent Plastics Market is segmented
on the basis of the polymer type into PET, PVC,
PP, PS, PC, PMMA, ABS, and others. However, the
PET segment is expected to dominate the Global
Transparent Plastics Market. A majority of PET is
used in bottling and packaging due to its
excellent recyclable, water moisture resistant,
and shatterproof nature. The end-user industry
segment includes packaging, building
construction, electrical electronics,
automotive, consumer goods, and others. The
packaging segment is dominating the market owing
to increased demand for plastics in the food
beverage packaging. These plastics are widely
used in food wrappings, beverage bottling, and
shrink wraps due to their moisture resistant and
anti-bacterial properties. Transparent
Thermoplastics are extensively consumed in
construction for flooring, roofing, pipes,
insulations, and others on account of their
durability, cost-effectiveness, recyclability,
energy saving, and easy installation. View Full
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om/reports/transparent-plastics-market-6077
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Transparent Plastics Market Research Report-
Forecast to 2023
Regional Outlook
The Global Transparent Plastics Market is
spanned across five regions Asia Pacific, North
America, Europe, Latin America, and the Middle
East Africa. Asia Pacific accounted for the
largest market share in 2016 on account of the
high demand for Transparent Plastics from major
end-use industries such as automotive,
construction, and electronics. The high
production and sales of automotive and consumer
electronics coupled with the high infrastructural
development in the region are expected to drive
the market growth during the forecast period
2018-2023. The high demand from the automotive
and packaging industries is expected to drive the
Transparent Plastics Market in the North American
region. Furthermore, the rebound in construction
activities in the region is likely to fuel the
market growth during the forecast period
2018-2023. Europe is projected to witness a
significant growth due to the high production and
sales of the automotive parts in countries such
as Germany, Italy, the U.K, France, and others.
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Transparent Plastics Market Research Report-
Forecast to 2023
Major Players in this Research

• Transparent Plastics Market Prominent Players
• DowDuPont (U.S.)
• LyondellBasell Industries Holdings B.V.
  (Netherlands)
• SABIC (Saudi Arabia)
• Covestro AG (Germany)
• BASF SE (Germany)
• PPG Industries, Inc. (U.S.)
• Evonik Industries (Germany)
• LANXESS (Germany)
• TEIJIN LIMITED (Japan)
• LG Chem (South Korea)
• Denka Company Limited (Japan)
• Trinseo (U.S.)
• Asahi Kasei Corporation (Japan) and Eastman
  Chemical Company (U.S)

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