Stratview Research has published a new report on the Transparent Plastics Market, segmented by Form Type (Rigid and Flexible), by Polymer Type (Polystyrene, Polypropylene, Polycarbonate, Polyethylene Terephthalate, Polyvinyl Chloride, Polymethyl Methacrylate, and Others [San & Abs, Thermoplastic Polyurethane, Polyamide, and Polyethylene]), by Application Type (Packaging, Building & Construction, Automotive, Consumer Goods, Healthcare, Electrical & Electronics, and Others [Aerospace and Agriculture]), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global artificial intelligence as a service market.
Market Highlights
Transparent plastics market is likely to witness an impressive CAGR of 6.2% during the forecast period. Few of the prime factors contributing to the demand for transparent plastics are mainly the increasing adoption of transparent plastics by end-use industries which is creating high demand in emerging regions, improved shelf-life of packaged food products, and ease of customization.
Covid Impact
Covid-19 has impacted the market dynamics, competition, and global supply chain of every possible market one can think of. The revenues for many, have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operations and strategy will sustain and beat the competition.
Segmentation –
This report studies the Transparent Plastics Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:
Based on the form type, the market is segmented as rigid and flexible. The rigid plastics segment held the larger share of the market in 2020, and is expected to remain dominant during the forecast period. Favorable properties such as nature of the blend, physical properties, and ease of consumption make rigid transparent plastics suitable for use in various applications such as electrical & electronics, building & construction, automotive, appliances, packaging, and medical.
Based on the polymer type, the transparent plastics market is segmented as polystyrene, polypropylene, polycarbonate, polyethylene terephthalate, polyvinyl chloride, polymethyl methacrylate, and others. The PET segment dominates the market, as it is approved by the Food and Drug Administration and various other health-safety agencies throughout the world, as it is safe for contact with foods and beverages. Further, PET is the most widely recycled plastic in the world.
Based on the application type, the transparent plastics market is segmented as packaging, building & construction, automotive, consumer goods, healthcare, electrical & electronics, and others. Packaging application is expected to remain the largest and the fastest-growing segment of the market, owing to a wide use of transparent plastics in packaging applications such as food wrappings, PET bottles, shrink wraps, and others. Due to the increasing living standards and disposable income levels of customers across the globe, the application of transparent plastics in the packed water sector is growing globally.
Following are the key players in the Transparent Plastics Market:
· DuPont
· Dow Chemical Company
· LyondellBasell
· SABIC
· Covestro
· BASF
· INEOS
· PPG Industries
· Evonik Industries
· LANXESS
· Teijin Limited
· LG Chem
· Denka
· Trinseo
· Asahi Kasei
· Eastman Chemical Company
· Chi Mei Corporation
· Arkema.
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