PUNE, India, March 28, 2018 /PRNewswire/ --
The report "Transparent Plastics Market by Type (Rigid, Flexible), Polymer Type (PET, PVC, PP, PS, PC, PMMA), Application (Packaging, Building & Construction, Electrical & Electronics, Automotive, Consumer Goods), and Region - Global Forecast To 2022" published by MarketsandMarkets™, the Transparent Plastics Market is projected to grow from USD 101.97 Billion in 2017 to USD 137.75 Billion by 2022, at a CAGR of 6.2% from 2017 to 2022. Increasing adoption of transparent plastics by end-use industries, improved shelf-life of packaged food products, high demand in emerging regions, and ease of customization are the key factors driving the growth of the Transparent Plastics Market.
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Among types, the rigid transparent plastics segment is estimated to account for the largest share of the Transparent Plastics Market in 2017.
The rigid transparent plastics segment is estimated to account for the largest share of the Transparent Plastics Market in 2017. Rigid transparent plastics are increasingly replacing the traditional glass, metal, and paperboard due to properties such as low cost, recyclability, etc.
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Among polymer types, the PET segment is estimated to account for the largest share of the Transparent Plastics Market in 2017.
The PET polymer type segment is estimated to account for the largest share of the Transparent Plastics Market in 2017. PET is extensively used for food & beverage packaging as it is extremely lightweight and easy to transport.
Among applications, the packaging segment is expected to lead the Transparent Plastics Market in 2017.
Among applications, the packaging segment is estimated to account for the largest share of the Transparent Plastics Market in 2017. The growth of this segment is due to the increasing demand for packaged products as it improves the shelf life of products.
The Asia Pacific region is expected to be the largest market for transparent plastics in 2017.
The Asia Pacific region is estimated to account for the largest share of the Transparent Plastics Market in 2017. The growing demand for transparent plastics from the packaging, building & construction, automotive, consumer goods, and electrical & electronics end-use industries is expected to fuel the growth of the Asia Pacific Transparent Plastics Market between 2017 and 2022.
Some of the leading players operating in the Transparent Plastics Market include DuPont (US), Dow Chemical Company (US), LyondellBasell (Netherlands), SABIC (Saudi Arabia), Covestro (Germany), BASF (Germany), INEOS (UK), PPG Industries (US), Evonik Industries (Germany), LANXESS (Germany), Teijin Limited (Japan), LG Chem (South Korea), Denka (Japan), Trinseo (US), Asahi Kasei (Japan), Eastman Chemical Company (US), Chi Mei Corporation (Taiwan), and Arkema (France), among others.
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