Transparent Plastics Global Market Report 2021 - COVID-19 Growth and Change

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The global Transparent Plastic market size is estimated at 172.39 billion USD with a CAGR of 6.15% during the forecast period from 2021-2028.
  • Global Transparent Plastics Market – Market Overview

    The global Transparent Plastic market size is estimated at 172.39 billion USD with a CAGR of 6.15% during the forecast period from 2021-2028. Polymers having an ability to be molded or shaped generally by employing heat and pressure are plastics. They exhibit wide range of properties like corrosion resistant, lightweight, durability, UV resistance, etc. Transparent plastic can be made in a number of product forms according to end use applications such as pharmaceutical, food, construction, etc.

    The global Transparent Plastic market is largely fueled by the food and beverage sector for packaging of purpose. This can be credited to outstanding features such as resisting micro-organisms, moisture barrier, light weight, water resistant, increasing shelf life, etc. Also, changing standard of living and spending capacity is fostering the use of transparent plastic for packaging purpose.

    In addition, a rise in online shopping is projected to impel the market growth during the forecast period. Moreover, a considerable share of transparent plastic in the pharmaceutical sector is attributing to the market growth. Furthermore, properties such as high mechanical, reliable insulation, etc. are increasing the use of transparent plastic in electric vehicles segment.

    On the other hand, unstable price of raw materials is a key factor that may pose a threat to the global Transparent Plastic market.

    The growing demand for visible, high-strength plastics for wide application in various end-user industries such as packaging and consumer goods, as well as the integration of end-products in novel applications such as the manufacture of lightweight automotive products, are the primary factors that are boosting the growth prospects of the Transparent Plastics market.

    Global Transparent Plastics Market – Market Dynamics

    The use of transparent plastics for novel applications such as food & beverage packaging has increased in recent times, with the unique properties of end-products resisting exposure to UV radiation and harmful microorganisms ensuring a shift in consumer purchase pattern towards positive product consumption and sales outcome.

    The lightweight properties of transparent plastics have also witnessed high product integration into several consumer goods which benefit from the clear transparency and rigid durability of end-products for daily use. The high penetration and consumption of products would propel the growth prospects of the Transparent Plastics Market.

    The fluctuating prices of raw materials, however, might hamper the growth prospects of the market during the forecast period. The impending complications in U.S.-China trade relations would further influence the pricing structure of end-products, as the implementation of additional tariffs and taxations would alter the prices of raw materials.

    The increased use of transparent plastics in automotive and consumer electronic goods owing to low electrical consumption and cost-effective operations, coupled with lightweight, durable products with higher clarity is expected to offer manufacturers new opportunities of product application and business expansion.

    Global Transparent Plastics Market – Market Segmentation

    Based on Type, the Transparent Plastics Market is segmented into Rigid and Flexible Transparent Plastics. The market is categorized based on Polymer Type into Polyethylene Terephthalate, Polyvinyl Chloride, Polypropylene, Polystyrene, Polycarbonate, Polymethyl Methacrylate, and Others. By Application, the Transparent Plastics Market is further bifurcated into Packaging, Building & Construction, Electrical & Electronics, Automotive, Consumer Goods, Healthcare, and Others.

    The Rigid segment of the Transparent Plastics Market by Type holds largest market segment owing to continued product application and subsequent demand from building & construction and automotive sectors due to the high durability of end-products and shatter-resistance qualities used as an alternative to glass.

    By Application, the packaging segment holds the leading market share owing to the ability of transparent plastics to increase shelf-life of packaged products, especially in the food & beverage industry, and rising consumer awareness towards the benefits of consumer products packaged with transparent plastics.

    Global Transparent Plastics Market – Regional Analysis

    Based on the geography segmentation, the Transparent Plastics Market is split into North America, Europe, Asia-Pacific, and Rest of the World (South America, Africa, and the Middle East).

    Asia-Pacific has emerged as the leading region of the Transparent Plastics Market by overall market share owing to the growing product demand from the packaging, consumer goods, and building & construction purposes. The rapid development of product features through extensive R&D efforts would result in the launch of innovative, high-performance products, furthering product demands, and market growth.

    The Asia-Pacific region is also expected to witness robust growth rate during the forecast period owing to the high disposable income of consumers, high product demand for consumer goods and electronic appliances, and easy availability of raw materials for product manufacturing.

    Global Transparent Plastics Market – Competitive Analysis

    The Transparent Plastics Market witnesses intensified competitiveness among key market vendors, with companies adopting aggressive marketing strategies of new product launches through continued development in a bid to capture substantial market share.

    The significant companies of the Transparent Plastics market include BASF SE, Covestro AG, Dow Inc., and LyondellBasell Industries Holdings B.V., among many others.

    New product launches and continued technological development are the most followed strategies of the market manufacturers looking to extend consumer base through expansive business activities on a global scale. The companies are actively seeking improved innovations to increase product sales volume with an increase in company financials.

    Global Transparent Plastics

    • Segment by Type
      • Rigid
      • Flexible
    • Segment by Polymer Type
      • Polyethylene Terephthalate (PET)
      • Polyvinyl Chloride (PVC)
      • Polypropylene (PP)
      • Polystyrene (PS)
      • Polycarbonate (PC)
      • Polymethyl Methacrylate (PMMA)
      • Others
    • Segment by Application
      • Packaging
      • Building & Construction
      • Electrical & Electronics
      • Automotive
      • Consumer Goods
      • Healthcare
      • Others
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  • Table of Content

    1. Market Introduction
    1.1. Executive Summary
    1.2. Market Definition
    1.3. Market Scope

    2. Research Methodology
    2.1. Primary Research
    2.2. Research Methodology
    2.3. Assumptions & Exclusions
    2.4. Secondary data sources

    3. Transparent Plastics Market Overview
    3.1. Report Segmentation & Scope
    3.2. Key Market Trend
    3.3. Drivers
    3.3.1. Growing demand for visible, high-strength plastics in various end-user industries
    3.3.2. Use of transparent plastics for novel applications
    3.4. Restraints
    3.4.1. Fluctuating prices of raw materials
    3.5. Opportunity
    3.5.1. Product application in automotive and consumer electronic goods
    3.6. Porter’s Five Forces Analysis
    3.6.1. Porter’s Five Forces Analysis
    3.7. Market Share Analysis

    4. Type Overview
    4.1. Introduction
    4.1.1. Market Size & Forecast
    4.2. Rigid
    4.2.1. Market Size & Forecast
    4.3. Flexible
    4.3.1. Market Size & Forecast

    5. Polymer Type Overview
    5.1. Introduction
    5.1.1. Market Size & Forecast
    5.2. Polyethylene Terephthalate (PET)
    5.2.1. Market Size & Forecast
    5.3. Polyvinyl Chloride (PVC)
    5.3.1. Market Size & Forecast
    5.4. Polypropylene (PP)
    5.4.1. Market Size & Forecast
    5.5. Polystyrene (PS)
    5.5.1. Market Size & Forecast
    5.6. Polycarbonate (PC)
    5.6.1. Market Size & Forecast
    5.7. Polymethyl Methacrylate (PMMA)
    5.7.1. Market Size & Forecast
    5.8. Others
    5.8.1. Market Size & Forecast

    6. Application Overview
    6.1. Introduction
    6.1.1. Market Size & Forecast
    6.2. Packaging
    6.2.1. Market Size & Forecast
    6.3. Building & Construction
    6.3.1. Market Size & Forecast
    6.4. Electrical & Electronics
    6.4.1. Market Size & Forecast
    6.5. Automotive
    6.5.1. Market Size & Forecast
    6.6. Consumer Goods
    6.6.1. Market Size & Forecast
    6.7. Healthcare
    6.7.1. Market Size & Forecast
    6.8. Others
    6.8.1. Market Size & Forecast

    7. Transparent Plastics Market Regional Overview
    7.1. Introduction
    7.1.1. Market Size & Forecast
    7.2. North America Transparent Plastics Market
    7.2.1. North America Market Size & Forecast, By Country
    7.2.2. North America Market Size & Forecast, By Type
    7.2.3. North America Market Size & Forecast, By Polymer Type
    7.2.4. North America Market Size & Forecast, By Application
    7.2.5. U.S.
    7.2.5.1. Market Size and Forecast
    7.2.6. Canada
    7.2.6.1. Market Size and Forecast
    7.2.7. Mexico
    7.2.7.1. Market Size and Forecast
    7.3. Europe Transparent Plastics Market
    7.3.1. Europe Market Size & Forecast, By Country
    7.3.2. Europe Market Size & Forecast, By Type
    7.3.3. Europe Market Size & Forecast, By Polymer Type
    7.3.4. Europe Market Size & Forecast, By Application
    7.3.5. Germany
    7.3.5.1. Market Size and Forecast
    7.3.6. France
    7.3.6.1. Market Size and Forecast
    7.3.7. UK
    7.3.7.1. Market Size and Forecast
    7.3.8. Italy
    7.3.8.1. Market Size and Forecast
    7.3.9. Spain
    7.3.9.1. Market Size and Forecast
    7.3.10. Rest of Europe
    7.3.10.1. Market Size and Forecast
    7.4. Asia-Pacific Transparent Plastics Market
    7.4.1. Asia-Pacific Market Size & Forecast, By Country
    7.4.2. Asia-Pacific Market Size & Forecast, By Type
    7.4.3. Asia-Pacific Market Size & Forecast, By Polymer Type
    7.4.4. Asia-Pacific Market Size & Forecast, By Application
    7.4.5. Japan
    7.4.5.1. Market Size and Forecast
    7.4.6. China
    7.4.6.1. Market Size and Forecast
    7.4.7. Australia
    7.4.7.1. Market Size and Forecast
    7.4.8. India
    7.4.8.1. Market Size and Forecast
    7.4.9. South Korea
    7.4.9.1. Market Size and Forecast
    7.4.10. Rest of Asia-Pacific
    7.4.10.1. Market Size and Forecast
    7.5. South America Transparent Plastics Market
    7.5.1. South America Market Size & Forecast, By Country
    7.5.2. South America Market Size & Forecast, By Type
    7.5.3. South America Market Size & Forecast, By Polymer Type
    7.5.4. South America Market Size & Forecast, By Application
    7.5.5. Brazil
    7.5.5.1. Market Size and Forecast
    7.5.6. Argentina
    7.5.6.1. Market Size and Forecast
    7.5.7. Rest of South America
    7.5.7.1. Market Size and Forecast
    7.6. Middle East & Africa Transparent Plastics Market
    7.6.1. Middle East & Africa Market Size & Forecast, By Country
    7.6.2. Middle East & Africa Market Size & Forecast, By Type
    7.6.3. Middle East & Africa Market Size & Forecast, By Polymer Type
    7.6.4. Middle East & Africa Market Size & Forecast, By Application
    7.6.5. GCC Countries
    7.6.5.1. Market Size and Forecast
    7.6.6. Egypt
    7.6.6.1. Market Size and Forecast
    7.6.7. South Africa
    7.6.7.1. Market Size and Forecast
    7.6.8. Rest of Middle East & Africa
    7.6.8.1. Market Size and Forecast

    8. Company Profile
    8.1. Asahi Kasei Chemicals Corp
    8.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
    8.1.2. Asahi Kasei Chemicals Corp Product Category, Application, and Specification
    8.1.3. Asahi Kasei Chemicals Corp Financial Performance (2016-2018)
    8.1.4. Main Business/Business Overview
    8.2. BASF SE
    8.3. Covestro AG
    8.4. Dow Inc.
    8.5. Evonik Industries AG
    8.6. INEOS Group, Ltd.
    8.7. LyondellBasell Industries Holdings B.V.
    8.8. PPG Industries Inc.
    8.9. SABIC
    8.10. Teijin Limited

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    • The following manufacturers are covered in the report:
      • Asahi Kasei Chemicals Corp
      • BASF SE
      • Covestro AG
      • Dow Inc.
      • Evonik Industries AG
      • INEOS Group, Ltd.
      • LyondellBasell Industries Holdings B.V.
      • PPG Industries Inc.
      • SABIC
      • Teijin Limited
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