Press release
Transparent Plastics Market 2020 is Expected to Rise at USD 177.08 billion by 2027 with a CAGR of 6.30%| Global Players Like- LyondellBasell Industries Holdings B.V., SABIC, Covestro AG, BASF SE
Market InsightsTransparent plastics market will reach an estimated valuation of USD 177.08 billion by 2027, while registering this growth at a rate of 6.30% for the forecast period of 2020 to 2027. Increasing development of bio-based transparent plastics and improvement in the standard of living is expected to create opportunity for the market.
Transparent plastics are lightweight plastics which are specially designed for application such as building & construction, electrical & electronics, healthcare, consumer goods, automotive, packaging and other. They are widely used in food & beverage industry so that they can protect the food from getting damaged.
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Growing demand for transparent plastics from various industries such as automotive, construction consumer goods is expected to drive market. Some of the other factors such as they have the ability to shelf life of the products, increasing usage in packaging of food & beverages, ease of customization and increasing usage in electric vehicles are some of the factors which will enhance the transparent plastics market in the forecast period of 2020 to 2027.
Growing demand for eco-friendly packaging materials and environmental pollution due to the low biodegradability of plastics are some of the factors hampering the market growth in the mentioned forecast period.
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Major Market Players Covered in The Transparent Plastics Market Are:
The major players covered in the transparent plastics market report are LyondellBasell Industries Holdings B.V., SABIC, Covestro AG, BASF SE, PPG Industries, Inc., Evonik Industries AG, LANXESS, Arkema, Eastman Chemical Company, Chi Mei Corporation, Trinseo, Asahi Kasei Advance Corporation, LG Chem, Denka Company Limited, PRABHOTI PLASTIC INDUSTRIES, DuPont de Nemours, Inc, Dow among other domestic and global players. Market share and data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Asia-Pacific dominates the transparent plastics market in the forecast period of 2020 to 2027 due to rising per capita income, changing living standard and increasing application in automobile & electronics is expected to enhance the demand for transparent plastics in the region.
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Global Transparent Plastics Market Scope and Segments
Transparent plastics market is segmented of the basis of type, polymer type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
• On the basis of type, the transparent plastics market is segmented into rigid transparent plastics, and flexible transparent plastics.
• Based on polymer type, the transparent plastics market is segmented into polystyrene, polypropylene, polycarbonate, polyethylene terephthalate, polyvinyl chloride, polymethyl methacrylate and others such as SAN & ABS, thermoplastic polyurethane, polyamide and polyethylene.
• On the basis of application, the transparent plastics market is divided into packaging, building & construction, automotive, consumer goods, healthcare, electrical & electronics and others such as aerospace and agriculture.
Regional Analysis
• Middle East and Africa
• North America
• South America
• Europe
• Asia-Pacific
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Strategic Points Covered in Table of Content of Global Transparent Plastics Market:
1. Introduction
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. By Component
7. Product Type
8. Delivery
9. Industry Type
10. Geography
11. Company Landscape
12. Company Profiles
13. Related Reports
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