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Transparent Plastics Market 2023 : By Top Leaders Analysis, Segments And Forecast 2032 | DuPont, The Dow Chemical Company, LyondellBasell, SABIC; Covestro AG
Transparent Plastics Market Trends
The Business Research Company's Transparent Plastics Global Market Report 2023 identifies increase in demand for electric vehicles as the major driver for the Transparent Plastics market's growth in the forecast period. Transparent plastics are used in electric vehicles for packaging and vehicle parts such as interior and exterior panels, windshields, car indicator covers, windows, and other parts as they are lightweight, less fuel-hungry, and affordable. For instance, the International Energy Agency, an independent intergovernmental agency with headquarters in France, reports that global sales of electric vehicles climbed by 43% in 2020.
The global transparent plastics market size is expected to grow from $125.33 billion in 2022 to $136.57 billion in 2023 at a compound annual growth rate (CAGR) of 8.97%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The transparent plastics market is expected to grow to $172.67 billion in 2027 at a CAGR of 6.04%.
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Major competitors in the Transparent Plastics market are DuPont, The Dow Chemical Company, LyondellBasell, SABIC; Covestro AG, BASF SE, INEOS Group, PPG Industries, Evonik Industries, Lanxess AG, Teijin Limited, LG Chem, Denka Company Limited, Trinseo PLC, Asahi Kasei, Eastman Chemical Company, Chi Mei Corporation, Arkema S.A.
A key trend in the Transparent Plastics market includes bio-based transparent plastics. Bio-based transparent plastics are made from renewable biomass sources, such as plant fats and oils, woodchips, sawdust, and recovered food waste. They are not always biodegradable or compostable. Major players in the market are focusing on launching bio-based polymers and plastics for market growth. For instance, in October 2021, Lanxess, a Germany-based chemical company, launched Durethan BLUEBKV60H2.0EF.
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The transparent plastics market is segmented -
By Type: Rigid Transparent Plastics, Flexible Transparent Plastics
By Polymer Type: Polyethylene Terephthalate (PET), Polyvinyl Chloride (PVC), Polypropylene (PP), Polystyrene (PS), Polycarbonate (PC), Polymethyl Methacrylate (PMMA), Other Polymers
By Application: Packaging, Building And Construction, Electrical And Electronics, Automotive, Consumer Goods, Healthcare, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Transparent Plastics market.
The Business Research Company's "Global Transparent Plastics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Transparent Plastics Market Include:
1. Executive Summary
2. Transparent Plastics Market Characteristics
3. Transparent Plastics Market Trends And Strategies
4. Transparent Plastics Market - Macro Economic Scenario
5. Transparent Plastics Market Size And Growth
……
26. Africa Transparent Plastics Market
27. Transparent Plastics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Transparent Plastics Market
29. Transparent Plastics Market Future Outlook and Potential Analysis
30. Appendix
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