Transparent Plastics Market Worth 165.2 Billion USD by 2020

PUNE, India, September 21, 2015 /PRNewswire/ --

The report "Transparent Plastics Market by Type (PS, PP, PC, TPU, PVC, ABS, SAN, PMMA & Others), by Application (Packaging, Building & Construction, Automotive, Electrical & Electronics, Consumer Goods, Healthcare & Others), by Region - Trends & Forecasts to 2020" published by MarketsandMarkets, In terms of value, the global Transparent Plastics Market is projected to grow at a CAGR of 6.4% from 2015 to reach a market size of around USD 165.2 Billion by 2020. Packaging is the largest application of transparent plastics.

Browse 98 Tables and 81 Figures spread through 204 Pages and in-depth TOC on "Transparent Plastics Market"

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The market report defines and segments the global transparent plastics market with analysis and forecast of the market size, in terms of value and volume. It also identifies driving and restraining factors for the global transparent plastics market with analysis of trends, opportunities, burning issues, winning imperatives, and challenges. The market is segmented and values are projected on the basis of key regions, such as North America, Europe, Asia-Pacific, and RoW (Rest of the World). The leading countries are covered and projected for each region. Further, the market is segmented and values are estimated on the basis of different types and applications.

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North America: Largest Market for Transparent Plastics 

North America is currently the largest market for transparent plastics. The U.S. is the largest consumer of transparent plastics in this region.

The favorable market forces driving the market for transparent plastics in Europe are:

• Stringent building safety codes and increasing demand for energy-efficient buildings in the region
• Increasing demand for lightweight vehicles in the country
• Growing construction, healthcare, packaging, and automotive industries in major countries, such as the U.S. and Mexico

Packaging: Largest Application Segment of Transparent Plastics 

Packaging is currently the largest application segment of Transparent Plastics Market. In terms of value, the market size of transparent plastics for packaging segment is projected to grow at a CAGR of 6.6% between 2015 and 2020. Transparent packaging is one of the most significant packaging solutions offered by plastic materials as it allows consumers to visually analyze the product. Transparent plastics used for packaging include clear plastic boxes, cartons, clear tube packaging, blister packaging, stretch films, sheets, pouches, and many more. HDPE, PET, PVC, PS, and PP are some of the major polymers used for manufacturing transparent plastics for the packaging industry. Transparent plastics serve a wide range of end-use packaging requirements in industries such as apparel, beauty & cosmetics, gift wraps, beverages, electrical & electronics, decorative, publication, medical, pharmaceutical, sports, and toys.

SABIC (U.S.), LyondellBasell Industries N.V. (U.K.), BASF SE (Germany), The Dow Chemical Company (U.S.), Lanxess A.G. (Germany), E.I. du Pont de Nemours & Co (U.S.), Evonik Industries (Germany), Bayer A.G. (Germany), PPG Industries (U.S.), and Teijin Ltd (Japan) are some of the leading players that are actively present in the transparent plastics market.

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