The transparent plastics market is projected to grow from USD 101.97 Billion in 2017 to USD 137.75 Billion by 2022, at a CAGR of 6.2% from 2017 to 2022.
Increasing adoption of transparent plastics by end-use industries, improved shelf-life of packaged food products, high demand in emerging regions, and ease of customization are the key factors driving the growth of the transparent plastics market across the globe.
Among types, the rigid transparent plastics segment is expected to lead the transparent plastics market during the forecast period. Due to the nature of the blend, its physical properties, and ease of consumption, rigid transparent plastics are used in various applications such as electrical & electronics, building & construction, automotive, appliances, packaging, medical, etc.
Among polymer types, the PET segment is expected to lead the transparent plastics market during the forecast period. PET is approved as safe for contact with foods and beverages by the FDA and health-safety agencies throughout the world. PET is known to be the most widely recycled plastic in the world.
The packaging application segment is expected to lead the transparent plastics market from 2017 to 2022. This segment is also projected to grow at the highest CAGR during the forecast period. The demand for transparent plastics in the packaging application is driven by their use in PET bottles, shrink wraps, food wrappings, and others. The application of transparent plastics in the packed water sector is growing globally. This is mainly due to the increasing living standards and disposable income levels of customers across the globe.
The Asia Pacific region is the largest market for transparent plastics across the globe. The major driver for the transparent plastics market in the region is the growing application in packaging, construction, automobile, electronics, consumer goods, and other industries. The growth of these end-use segments is largely driven by growing population, increasing per capita income, and changing lifestyle in the region. The rising demand for transparent plastics across the globe has led to capacity expansions by manufacturers of transparent plastics.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in the Transparent Plastics Market 4.2 Transparent Plastics Market, By Type 4.3 Transparent Plastics Market, By Polymer Type 4.4 Transparent Plastics Market, By Application 4.5 Transparent Plastics Market, By Region
5 Market Overview 5.1 Introduction 5.1.1 Manufacturing Processes for Transparent Plastics Industry 188.8.131.52 Extrusion Molding 184.108.40.206 Injection Molding 220.127.116.11 Blow Molding 18.104.22.168 Roto Molding 5.2 Market Dynamics 5.2.1 Drivers 22.214.171.124 Increasing Adoption of Transparent Plastics By End-Use Industries 126.96.36.199 Improved Shelf-Life of Packaged Food Products 188.8.131.52 High Demand in Emerging Regions 184.108.40.206 Ease of Customization 5.2.2 Restraints 220.127.116.11 Environmental Pollution Due to the Low Biodegradability of Plastics 18.104.22.168 Increasing Demand for Eco-Friendly Packaging Materials in Developed Regions 5.2.3 Opportunities 22.214.171.124 Development of Bio-Based Transparent Plastics 126.96.36.199 Rising Standards of Living of End-Use Consumers 5.2.4 Challenges 188.8.131.52 Fluctuating Raw Material Prices 5.3 Porter's Five Forces Analysis 5.3.1 Bargaining Power of Suppliers 5.3.2 Bargaining Power of Buyers 5.3.3 Threat of Substitutes 5.3.4 Threat of New Entrants 5.3.5 Intensity of Competitive Rivalry 5.4 Economic Indicators 5.4.1 Industry Outlook 184.108.40.206 Packaging 220.127.116.11 Building & Construction 18.104.22.168 Consumer Goods 22.214.171.124 Automotive 126.96.36.199 Healthcare 188.8.131.52 Electrical & Electronics
6 Transparent Plastics Market, By Type 6.1 Introduction 6.2 Rigid Transparent Plastics 6.3 Flexible Transparent Plastics
11 Company Profiles 11.1 E. I. Du Pont De Nemours and Company 11.2 the Dow Chemical Company 11.3 Lyondellbasell Industries Holdings B.V. 11.4 SABIC 11.5 Covestro 11.6 BASF SE 11.7 INEOS 11.8 PPG Industries 11.9 Evonik Industries AG 11.10 LANXESS AG 11.11 Teijin Limited 11.12 LG Chem 11.13 Denka Company Limited 11.14 Trinseo S.A. 11.15 Asahi Kasei Corporation 11.16 Eastman Chemical Company 11.17 Chi Mei Corporation 11.18 Arkema S.A.