The Global Transparent Plastics market accounted for $112.75 billion in 2018 and is expected to reach $229.1 billion by 2027 growing at a CAGR of 8.2% during the forecast period.
Some of the key factors propelling the market growth improved shelf-life of packaged food products and ease of customization. However, environmental pollution due to the low biodegradability of plastics and rising demand for eco-friendly packaging materials are the restraining factor for the growth of the market.
By type, rigid transparent plastics segment is likely to have a huge demand due to the nature of the blend, its physical properties, and simplicity of consumption; they are utilized in different applications, for example, electrical & electronics, building & construction, automotive, appliances, packaging, medical, etc.
On the basis of geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due to the growing application in packaging, construction, automobile, electronics, consumer goods, and other different industries. Pollution caused due to low degradability of plastics and rising requirement for eco-friendly packaging materials in the region are driving the market growth.
Some of the key players in Transparent Plastics Market include Arkema S.A., Asahi Kasei Corporation, BASF SE, Chi Mei Corporation, Covestro, Denka Company Limited, E. I. Du Pont De Nemours and Company, Eastman Chemical Company, Evonik Industries AG, INEOS, LANXESS AG, LG Chem, Lyondellbasell Industries Holdings B.V., PPG Industries, SABIC, Teijin Limited, The Dow Chemical Company and Trinse- S.A.
What the report offers:
Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
6 Global Transparent Plastics Market, By Type 6.1 Introduction 6.2 Flexible Transparent Plastics 6.3 Rigid Transparent Plastics
7 Global Transparent Plastics Market, By Application 7.1 Introduction 7.2 Appliance 7.3 Automotive 7.4 Building & Construction 7.5 Consumer Goods 7.6 Electrical & Electronics 7.7 Healthcare and Pharmaceutical 7.8 Medical 7.9 Packaging 7.10 Other Applications 7.10.1 Agriculture 7.10.2 Aerospace
8 Global Transparent Plastics Market, By Geography 8.1 Introduction 8.2 North America 8.3 Europe 8.4 Asia Pacific 8.5 South America 8.6 Middle East & Africa
9 Key Developments 9.1 Agreements, Partnerships, Collaborations and Joint Ventures 9.2 Acquisitions & Mergers 9.3 New Product Launch 9.4 Expansions 9.5 Other Key Strategies
10 Company Profiling 10.1 Arkema S.A. 10.2 Asahi Kasei Corporation 10.3 BASF SE 10.4 Chi Mei Corporation 10.5 Covestro 10.6 Denka Company Limited 10.7 E. I. Du Pont De Nemours and Company 10.8 Eastman Chemical Company 10.9 Evonik Industries AG 10.10 INEOS 10.11 LANXESS AG 10.12 LG Chem 10.13 Lyondellbasell Industries Holdings B.V. 10.14 PPG Industries 10.15 SABIC 10.16 Teijin Limited 10.17 The Dow Chemical Company 10.18 Trinseo S.A.