Stratview Research has published a new report titled “Transparent Plastics Market” which is 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).
As per the study, 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.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
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.
Which Region is expected to remain the largest market?
In terms of regions, Asia-Pacific is estimated to be the largest transparent plastics market during the forecast period, with China, Japan, and India being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of various end-use industries, such as packaging, construction, automobile, electronics, consumer goods, and other industries, which is generating huge demand for transparent plastics. Factors such as growing population, increasing per capita income, and changing lifestyle in the region are driving the market. North America and Europe are also expected to offer substantial growth opportunities during the forecast period. Major manufacturers are increasingly expanding their transparent plastic capacities, owing to hike in demand across the globe.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Transparent Plastics Market:
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