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Transparent Plastics Market Research Report – Forecast to 2030

Transparent Plastics Market Information: By Type (Rigid, Flexible), Polymer Type (Pet, PVC, PP, Ps, Pc, Abs, and Others), End-Use Industry (Packaging, Building & Construction, Electrical & Electronics, Automotive), and Region- Forecast Till 2030

ID: MRFR/CnM/4619-HCR | February 2021 | Region: Global | 100 pages

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Transparent Plastics Market Overview


The MRFR report suggests that the global market for transparent plastics is estimated to grow substantially over the assessment period.


Transparent plastics refer to moldable or pliable over a particular temperature and get back to solid-state after cooling. These plastics present characteristics such as water resistance, shock resistance, lightweight, recyclability, durability, low electrical and thermal conductivity, resistance to corrosion and chemicals, etc. the global market for transparent plastics has registered enormous growth in the last few years. The market's growth is mainly attributed to the increasing demand for plastics from the packaging industry, particularly from food & beverage packaging. The corrosion-resistant nature attributes to the growth in demand, micro-organisms repelling, and moisture barrier. Furthermore, the growing areas of application in pharmaceutical and FMCG packaging are boosting the growth of the market worldwide. Moreover, the factors such as the increasing use of transparent plastics in electric vehicles owing to their high mechanical properties, safe operations, reliable insulation properties, and others are also projected to catalyze the market's growth in the coming years. On the other hand, the volatility of raw material prices may adversely impact the market's growth.


Global Transparent Plastics, by the End-use Industry (%)


 Transparent Plastics


Source: MRFR analysis


Regional Analysis


The Transparent Plastics Market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.


Asia Pacific dominated the Transparent Plastics Market in 2016 owing to the high demand for transparent plastics from major end-use industries such as packaging, construction, automotive, electronics, and consumer goods. Rapid industrialization coupled with the changing lifestyle and the increased per capita income of the consumers spur the growth of these end-user industries, which in turn, increases the demand for transparent plastics.


North America accounted for the second largest market in 2016 on account of high demand for transparent plastics from the food packaging, reviving construction, and automotive industries. The increasing demand for lightweight automotive parts due to environmental concerns and stringent regulations is expected to drive the market growth in this region.


Europe is expected to grow considerably due to high production and sales of automotive parts in Western European countries such as Germany, the U.K, France, and others. Several regulations by European Union pertaining to the greenhouse gas emissions also favors the usage of these plastics in the automotive industry.


Latin America is projected to witness a considerable growth due to growing automotive industry in Mexico, Brazil, and others.


The Middle East & Africa is expected to witness high demand for these plastics owing to the increasing infrastructural and construction activities in the GCC countries.


Segmentation


The Transparent Plastics Market is segmented on the basis of the type, Polymer Type, End-Use Industry, and Region.


On the basis of the Type, the Transparent Plastics Market is segmented into rigid and flexible.


Based on the Polymer Type, the Transparent Plastics Market is segmented into polyethylene terephthalate (PET), polyvinyl chloride (PVC), polypropylene (PP), polystyrene (PS), polycarbonate (PC), acrylonitrile butadiene styrene (ABS), polymethyl methacrylate (PMMA), and others.


On the basis of the End-User Industry, the Transparent Plastics Market is segmented into packaging, building & construction, electrical & electronics, automotive, consumer goods, and others.


Key Players


Some of the manufacturers operating in the Transparent Plastics Market are DowDuPont (U.S.), LyondellBasell Industries Holdings B.V.  (Netherlands), SABIC (Saudi Arabia), Covestro AG (Germany), BASF SE (Germany), INEOS (U.K), PPG Industries, Inc. (U.S.), Evonik Industries (Germany), LANXESS (Germany), TEIJIN LIMITED (Japan), LG Chem (South Korea), Denka Company Limited (Japan), Trinseo (U.S.), Asahi Kasei Corporation (Japan), and Eastman Chemical Company (U.S).

Recent Development



  • March 2022- Printex Transparent Packaging(PTP), a custom plastic box manufacturer, announced that it has successfully launched sustainably enhanced transparent recycled PET (rPET) plastic folding cartons. Printex is the biggest firm across North America operating in this sector. The Eco-PET 100 folding carton is made using 100% US- or Canada-sourced recycled PET, virtually similar to virgin PET.  

  • November 2021- The Reborn group disclosed that it is ready to introduce the first film de-inking line for polyethylene (PE) films in France at its site in Ogeu-les-Bains. With the latest range, the company will look out to deal with the challenge of printing inks in the plastic film recycling process. Printing inks can disturb the production of transparent secondary materials or cause plastic films to downcycle into products like refuse bags.


Intended Audience



  • Transparent Plastics Manufacturers

  • Traders and distributors of Transparent Plastics

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratory



Report Scope:
Report Attribute/Metric Details
  Market Size   2030 : Significant value
  CAGR   Substantial Value
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, Polymer Type, End-Use Industry and Region
  Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   DowDuPont (U.S.), LyondellBasell Industries Holdings B.V. (Netherlands), SABIC (Saudi Arabia), Covestro AG (Germany), BASF SE (Germany), INEOS (U.K), PPG Industries, Inc. (U.S.), Evonik Industries (Germany), LANXESS (Germany), TEIJIN LIMITED (Japan), LG Chem (South Korea), Denka Company Limited (Japan), Trinseo (U.S.), Asahi Kasei Corporation (Japan), and Eastman Chemical Company (U.S).
  Key Market Opportunities   Increasing use of transparent plastics in electric vehicles is expected to fuel the market
  Key Market Drivers   The increasing demand for plastics from packaging industry,


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Frequently Asked Questions (FAQ) :

Dwindling the price of raw materials can deter the transparent packaging market growth.

The Asia Pacific market has the scope to dominate.

End users involved in the market are building & construction, packaging, automotive, consumer goods, electrical & electronics, and others.

Rigid and flexible are the two types as part of the study.