Global Transparent Plastics Market: Overview
Transparent plastics are used when vision through material is required. Transparent plastics are employed for the manufacture of lightweight, shatter-resistant, and durable products. They can be used for producing complex geometries and unique shapes.
Global Transparent Plastics Market: Key Segments
The global transparent plastics market can be segmented based on form, product, application, and region. In terms of form, the market can be classified into rigid transparent plastics and flexible transparent plastics. The rigid transparent plastics segment held a major market share in 2017 and the trend is likely to continue throughout the forecast period.
In terms of product, the transparent plastics market can be divided into polycarbonate (PC), polyethylene terephthalate (PET), polyvinyl chloride (PVC), liquid silicone rubber (LSR), polyethylene (PE), acrylic (PMMA), and others. Polycarbonates (PC) offer exceptionally high impact strength, good mechanical properties, and good dimensional stability. Polycarbonates (PC) can transmit 90% of light and they have the ability to block UV radiations. They are widely employed in industries such as automotive, electrical & electronics (E&E), consumer goods, medical, and agriculture. Polyethylene terephthalate (PET) is a thermoplastic polymer known for its excellent mechanical, thermal, and chemical properties. PET is clear, lightweight, and inexpensive. It has high strength and high resistance to chemicals. It is a transparent material of choice for making water bottles, fibers, films, and soft drink containers. Polyvinyl chloride (PVC) is an amorphous thermoplastic with excellent mechanical properties and resistance to chemicals and fire. Polyvinyl chloride (PVC) blocks UV light and it has good transparency. It is employed mostly in construction, medical, and packaging sectors. Liquid silicone rubber (LSR) is a transparent thermoset elastomer which offers excellent optical clarity, processability, and durability. It is a lightweight material that has successfully replaced glass in various applications such as electrical & electronics (E&E), automotive lighting, health care, and consumer goods. Polyethylene (PE) is a durable thermoplastic widely employed as tubes, films, and laminates in automotive, packaging, and electrical & electronics (E&E) applications. It is tough and it has good transparency. Acrylic (PMMA) is a rigid transparent thermoplastic widely used as an alternative for glass due to its ‘shatter-resistant’ property. It has up to 92% of light transmission. It offers optical properties and unlimited coloring options. Among products, the polyethylene terephthalate (PET) segment is expected to dominate the transparent plastics market during the forecast period, due to wide application of PET in the packaging industry.
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Global Transparent Plastics Market: Drivers & Restrains
In terms of application, the transparent plastics market can be segregated into building & construction, electrical & electronics (E&E), automotive, packaging, consumer goods, and others. The packaging segment held a major market share, followed by the building & construction segment, in 2017.
Global Transparent Plastics Market: Regional Outlook
In terms of region, the global transparent plastics market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific accounted for a major market share of the global transparent plastics market in 2017, owing to growth of end-user industries in the region. Stringent environmental laws and increase in the demand for eco-friendly packaging materials are restraining the transparent plastics market in developed countries. The transparent plastics markets in Middle East & Africa and Latin America are expected to witness sluggish growth during the forecast period.
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Global Transparent Plastics Market: Key Players
Key players operating in the global transparent plastics market are LyondellBasell, Covestro, BASF, DuPont, Dow Chemical Company, Evonik Industries, Teijin Limited, LG Chem, Eastman Chemical Comp, Asahi Kasei, Denka, and INEOS.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
Companies in the Transparent Plastics market have increasingly shifted gears with wide application of digital technology across the continuum, from raw material sourcing to manufacturing to generation of final output, to warehousing to final distribution operations. Among the various affects, the market is witnessing new growth economics due to thinning of line between specialty and commodity businesses that are associated with the larger ecosystem. At the same time, new growth parameters are being vigorously being debated as industry stakeholders put greater emphasis on the circular economy processes.
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