
The Transparent Plastics Market is expected to reach USD 159.82 Billion by 2026, according to a new report by Reports and Data. Transparent plastics are used for the manufacture of shatter-resistant, lightweight, and long-lasting products. They are used for designing unique shapes and complex geometries.
Transparent Plastics Market Size – USD 100.92 Billion in 2018, Market Growth-CAGR of 5.9%, Market Trends-Emergence of countless new opportunities for increasing material production
The market is principally driven by the rising demand for plastics from the packaging industry, especially from the F&B packaging industry. This demand is due to the plastic's corrosion-resistant nature, moisture barrier, and micro-organisms resisting characteristics, all these benefits to provide an increased shelf life of the food products. Transparent Plastics are even used widely in the pharmaceutical and FMCG packaging industry, which is most anticipated to drive the demand of the market in the forthcoming years.
The growth of the market is governed by various factors such as growing demand from the packaging industry and government investment
The market in the North America region accounts for the second largest share of 27.3% of the market in 2018. The presence of large organized players in this region contributes to the large share.
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Further key findings from the report suggest
- The Transparent Plastics Market is estimated to reach USD 159.82 Billion by 2026, at a CAGR of 5.9% during the forecast period.
- The PET type is anticipated to grow at the highest rate of 6.6% during the forecast period.
- The packaging end user segment is anticipated to grow at the highest rate of 6.2% during the forecast period.
- The Packaging end user segment growing at the highest CAGR due to the huge demand for transparent plastics in the packaging application such as food wrappings, bottles, shrink wraps, and others.
- Asia Pacific is expected to be the fastest growing region and is forecasted to witness the highest CAGR of 6.6% during the forecast period.
- The market in this region is forecast to witness escalating demand for polymers due to the rising demand for desktop printers.
- Various players are developing strategies to mark their presence in the industry.
- The Key players in the Transparent Plastics Market include Dow Chemical Company, LyondellBasell, SABIC, Covestro, Chi Mei Corporation, INEOS, BASF, PPG Industries, LANXESS, Evonik Industries, Teijin Limited, Denka, LG Chem, Trinseo, Asahi Kasei, Eastman Chemical Company, Arkema.
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For the purpose of this study, Reports and Data have segmented the market on the basis of Form, Type, End Users, and region:
Form Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)
- Rigid
- Flexible
Type Outlook ( Volume, Kilo Tons; and Revenue, USD Million; 2016-2026 )
- Polyethylene Terephthalate (PET)
- Polyvinyl Chloride (PVC)
- Polypropylene (PP)
- Polystyrene (PS)
- Polycarbonate (PC)
- Polymethyl Methacrylate (PMMA)
- Others
End Users Outlook ( Volume, Kilo Tons; and Revenue, USD Million; 2016-2026 )
- Packaging
- Building & Construction
- Electrical & Electronics
- Automotive
- Others
How does our report help you?
- By providing well-researched insights based on trends observed in the sector
- By defining and analyzing the current market scenario
- By identifying promising growth prospects and growth rate of major market segments and sub-segments
- By examining business verticals and products available in the industry, to draw insights from the competitive dynamics of the market
- By undertaking effective strategic planning and industry dynamics to facilitate constructive decision-making.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/transparent-plastics-market
The report emphasizes the following key questions:
- What are the most lucrative and promising growth prospects for the market?
- Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement?
- Which geographies are estimated to exhibit the highest growth and the underlying causes?
- Which factors are impacting the future of the market and what are the driving factors?
- What are the hurdles and challenges curtailing the industry's growth in the forecast period?
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