Title: Transparent Plastics Market Research Key Players, Industry Overview, Supply Chain and Analysis to 2019 – 2023
1Transparent Plastics Market Research Report -
Forecast to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
2Transparent 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.
3Transparent Plastics Market Research Report-
Forecast to 2023
Segmental Analysis
The Global Transparent Plastics Market is
segmented on the basis of the type, polymer type,
end-use industry, and region. On the Basis of
the Type, the Global Transparent Plastics Market
is segmented into rigid and flexible. Based on
the Polymer Type, the Global Transparent Plastics
Market is segmented into polyethylene
terephthalate (PET), polyvinyl chloride (PVC),
polypropylene (PP), polystyrene (PS),
polycarbonate (PC), acrylonitrile butadiene
styrene (ABS), polymethyl methacrylate (PMMA),
and others. On the Basis of the End-User
Industry, the Global Transparent Plastics Market
is segmented into packaging, building
construction, electrical electronics,
automotive, consumer goods, and others. View
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4Transparent Plastics Market Research Report-
Forecast to 2023
Regional Outlook
Regionally, the Global Transparent Plastics
Market is spanned across five regions namely Asia
Pacific, North America, Europe, Latin America,
and the Middle East Africa. Asia Pacific
dominated the Global Transparent Plastics Market
in 2016 owing to the growing demand from
packaging, automotive, construction, and
electronics industries in the region. Changing
lifestyle trend of the consumers along with high
disposable income is likely to fuel the demand
for ready-to-go processed food. This, in turn,
may result in high demand for transparent
plastics for food storage and beverage bottling
during the forecast period. Furthermore, the high
demand for fuel-efficient automotive due to
several regulations regarding environment health
protection such as Chinese State Environment
Protection and Bharat Stage Emission Standards is
expected to drive the market growth. Rapid
industrialization and urbanization have augmented
the demand for the Transparent Plastics in
countries such as China and India. The
electronics industry in Japan and China is
another factor likely to propel the market growth
over the review period. Furthermore, technology
transitions such as rollout of 4G/LTE networks
and various initiatives such as Digital India are
expected to augment the demand for electronics in
the region. According to the National Investment
Promotion and Facilitation Agency, the Indian
electronics market is nearly 75 imports driven
and the government has envisioned a target of
Net Zero Imports by 2020, which is expected to
boost the Transparent Plastics demand in the
manufacturing of electronics. North America was
the second largest region in the Global
Transparent Plastics Market in 2016 on account of
the growing demand from packaging, reviving
construction, automotive industries in the
region. The fast-paced lifestyle of the consumers
is likely to fuel the demand for processed food
with longer perishability in the region. Rising
adoption of lightweight automotive with low
emission and higher fuel efficiency are expected
to augment the market growth. Europe is projected
to witness significant growth due to the high
production and exportation of various automotive
parts in the region.
5Transparent 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)
- INEOS (U.K)
- PPG Industries, Inc. (U.S.)
- Evonik Industries (Germany)
- LANXESS (Germany)
- TEIJIN LIMITED (Japan)
- LG Chem (South Korea)
- Denka Company Limited (Japan)
- Trinseo (U.S.) and Eastman Chemical Company (U.S).
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