August 26th, 2022
Transparent Plastics Market
The Transparent Plastics Market was calculated at USD 122.8 billion in 2020, and is projected to reach USD 182.8 billion by the end of 2028, while exhibiting a CAGR 5.1% during the forecast period (2021-2028).
The factors driving the growth of Transparent Plastics Market includes increasing application of Transparent Plastics in the end-use industries such as Automotive, Pharmaceuticals, Food and Beverage and FMCG and growing demand for biodegradable polymers around the world. According to the report published by Bloomberg, the Global FMCG Packaging Market Size is projected to reach around USD 955.6 billion by the end of 2028, while exhibiting a CAGR of 4.68% over the forecast period (2022-2028), which will boost the Transparent Plastics Market size in the coming years. Moreover, the increasing number of construction activities, Government’s expenditure on infrastructure projects, rising disposable incomes and rapid urbanization, are some of the additional factors supplementing the Transparent Plastics Market share. In addition, the transparent plastic helps the customers to visualize the products, offers high quality finishing and strong mechanical properties, are some of the key features contributing the market growth.
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However, the growth of Transparent Plastics Market is hindered attributed to variations in the prices of raw materials.
The leading players operating in the Transparent Plastics Market are PPG Industries, Inc., Evonik Industries AG, LyondellBasell Industries Holdings B.V., SABIC, Covestro AG, LANXESS, BASF SE, INEOS, DuPont, and Dow among others.
Type – Segment Analysis
Based on Type, the Flexible Transparent Plastics segment is predicted to expand at a remarkable CAGR over the forecast period. The Flexible Transparent Plastics provides the space for writing important information such as product instructions along with its increasing application in the Oil and Gas Industry, are some of the factors responsible for the growth of the segment.
Polymer Type – Segment Analysis
Based on Polymer Type, the Polyethylene Terephthalate (PET) segment is anticipated to capture sizeable market share during the forecast period because it provides chemical resistance, strength to weight ratio and improved transmissivity.
Regional – Segment Analysis
Based on region, the Asia-Pacific region is estimated to hold the largest market share over the forecast period. The rising application of transparent plastics in the end-use industries, rapid industrialization, improvements in the living standards, growing investments by the leading players on innovating new products and increasing disposable incomes, are some of the important factors influencing the market growth in Asia-Pacific.
Global Transparent Plastics Market by Type
Rigid Transparent Plastics
Flexible Transparent Plastics
Global Transparent Plastics Market by Polymer Type
Polyethylene Terephthalate (PET)
Polyvinyl Chloride (PVC)
Polymethyl Methacrylate (PMMA)
Global Transparent Plastics Market by Application
Building & Construction
Electrical & Electronics
Global Transparent Plastics Market by Region
Rest of APAC
North AmericaUnited States of America
Rest of Europe
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