Pune, India, August 2019, MRFR Press Release/- Market Research Future has Published a Half-Cooked Research Report on the Global Transparent Plastics Market.
Transparent plastics market are getting much recognition for their pliability or moldability above a specific temperature. These plastics are recyclable, shows resistance to corrosion & chemicals, lightweight, offers low electrical & thermal conductivity, features that are creating much scope for the global transparent plastics market expansion. Benefits can be leveraged by the transparency plastics market to achieve remarkable CAGR during the forecast period (2017-2023). Market Research Future (MRFR) also established the fact that this growth would be substantial to take the market beyond the expected valuation line.
Several features like water resistance, durability, shock resistance, and others are expected to play in favor of the global transparency plastics market. It is expected to gain much from the packaging industry and automotive industry. At the same time, a demand for recyclable products are gaining prominence due to which the proliferation of this transparency plastics market is expected to get better.
Segmentation of the global transparent plastics market, as per the report of MRFR, can be segmented into type, polymer type, and end-use industry. Volume-wise and value-wise factors are going to substantiate claims made by MRFR.
Based on the type, the global transparent plastics market can be segmented into rigid and flexible. The flexible segment is garnering much and is expected to fetch remarkable revenue in the coming years.
By polymer type, the global transparent plastics market includes polyvinyl chloride (PVC), polyethylene terephthalate (PET), polystyrene (PS), polypropylene (PP), acrylonitrile butadiene styrene (ABS), polycarbonate (PC), polymethyl methacrylate (PMMA), and others. The PET segment is expected to gain much from the food and beverage industry. It has significantly impacted the packaging department of this industry. The PVC department can improve its market position by achieving more from the construction industry.
By end-user industry, the global transparent plastics market comprises consumer goods, packaging, building & construction, automotive, electrical & electronics, and others. The packaging industry is expected to gain much from the pervasive nature of the transparent plastics market.
Region-specific analysis on the global transparent plastics market in MRFR’s report spans across namely Asia Pacific (APAC), North America, Europe, Latin America, and the Middle East & Africa (MEA). Claims made in this report are expected to get translated with volume-wise and value-wise figures.
The APAC region had the maximum market share in 2016 and the revenue is ever-growing due to the high demand getting generated end-use industries such as packaging, construction, automotive, electronics, and consumer goods. This is possible due to the rapid industrialization and urbanization taking place in the region. At the same time, significant changes in the lifestyle and increasing per-capita income are also expected to transform the demographic conditions to ensure better market scope.
North America’s growth was second only to the APAC in the 2016 and this is due to the various changes happening in major end-use industries like food packaging, reviving construction, and automotive industries. The surging need for lightweight automotive parts is expected to create space for the transparent plastics market expansion plans. Environmental concerns are expected to play and important factor in the market. Europe’s market is also deemed to undergo similar changes. Their robust automotive sector is expected to boost the profitability of the regional market.
Companies are flocking in to gain significantly from the global transparency plastics market. Their strategic moves are mostly to ensure their own stand in the market but that is also impacting the holistic growth of the global market. These companies, as profiled by MRFR, are LyondellBasell Industries Holdings B.V. (Netherlands), DowDuPont (U.S.), Covestro AG (Germany), SABIC (Saudi Arabia), INEOS (U.K), BASF SE (Germany), Evonik Industries (Germany), PPG Industries, Inc. (U.S.), TEIJIN LIMITED (Japan), LANXESS (Germany), Asahi Kasei Corporation (Japan), Trinseo (U.S.), LG Chem (South Korea), Denka Company Limited (Japan), and Eastman Chemical Company (U.S).
In August 2019, Off White launched keychains with bottle-openers that are made from transparent plastic. These keychains are getting manufactured in Italy. This would help the company into strengthening their functional accessories line-up.
Browse Full Report Details @ Transparent plastics market share