Transparent Plastics Market Increasing demand from the packaging and construction industries Researc

Transparent Plastics Market Increasing demand from the packaging and construction industries Research Report the Forecast Period 2018- 2023

Transparent Plastics Market Increasing demand from the packaging and construction industries Research

Report the Forecast Period 2018- 2023

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Transparent Plastics Market Increasing demand from the packaging and construction industries Research Report the Forecast Period 2018- 2023

Market Overview Transparent plastics are pliable or moldable above a specific temperature and return to a solid state upon cooling. These plastics exhibit properties such as recyclability, resistance to corrosion and chemicals, lightweight, low electrical and thermal conductivity, shock resistance, durability, water resistance, and others.

The global, transparent plastics market is primarily driven by the increasing demand for plastics from packaging industry, especially from food & beverage packaging. This can be attributed to their moisture barrier, micro-organisms repelling, and corrosion resistant nature, which results in the improved shelf life of food products. It is also used in pharmaceutical and FMCG packaging which in turn is expected to propel the market during the forecast period. Furthermore, increasing use of transparent plastics in electric vehicles is expected to fuel the market growth due to their reliable insulation properties, safe operations, high mechanical properties, and others during the forecast period. From environment point of view, bolstering growth of the electric vehicles market is expected to propel the demand for transparent plastics further.

However, the fluctuating raw material prices may challenge the market growth during the forecast period.

Some of the key trends observed in the market include capacity expansion and product launch.

For instance, in October 2017, Covestro LLC announced to expand its production capacity of thermoplastic polyurethane in North America by 25 per cent to support its customer demand as well as to explore new market opportunities. Also, in January 2018, Dow Packaging and Specialty Plastics developed an innovative formulation of polyethylene resin, which is fully recyclable.

Global Transparent Plastics Market Information: By Type (Rigid, Flexible), Polymer Type (Pet, PVC, PP, Ps, Pc, Abs, and Others), End-Use Industry (Packaging, Building & Construction, Electrical & Electronics, Automotive), and Region- Forecast Till 2023 Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/6077 Regional Analysis The global, transparent plastics market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Asia Pacific dominated the global, transparent plastics market in 2016 owing to the high demand for transparent plastics from major end-use industries such as packaging, construction, automotive, electronics, and consumer goods. Rapid industrialization coupled with the changing lifestyle and the increased per capita income of the consumers spur the growth of these enduser industries, which in turn, increases the demand for transparent plastics.

North America accounted for the second largest market in 2016 on account of high demand for transparent plastics from the food packaging, reviving construction, and automotive industries.

The increasing demand for lightweight automotive parts due to environmental concerns and stringent regulations is expected to drive the market growth in this region.

Europe is expected to grow considerably due to high production and sales of automotive parts in Western European countries such as Germany, the U.K, France, and others. Several regulations

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Transparent Plastics Market Increasing demand from the packaging and construction industries Research Report the Forecast Period 2018- 2023

by European Union pertaining to the greenhouse gas emissions also favors the usage of these plastics in the automotive industry.

Segmentation The global, transparent plastics market is segmented on the basis of the type, polymer type, enduse industry, and region.

On the basis of the type, the global, transparent plastics market is segmented into rigid and flexible.

Based on the polymer type, the global, transparent plastics market is segmented into polyethylene terephthalate (PET), polyvinyl chloride (PVC), polypropylene (PP), polystyrene (PS), polycarbonate (PC), acrylonitrile butadiene styrene (ABS), polymethyl methacrylate (PMMA), and others.

On the basis of the end-user industry, the global, transparent plastics market is segmented into packaging, building & construction, electrical & electronics, automotive, consumer goods, and others.

Browse the market data and information spread across 100 pages with 47 data tables and 12 figures of the report “Transparent Plastics Market Increasing demand from the packaging and construction industries Research Report the Forecast Period 2018- 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/transparent-plastics-market6077 Key Players Some of the manufacturers operating in the global transparent plastics market are DowDuPont (U.S.), LyondellBasell Industries Holdings B.V. (Netherlands), SABIC (Saudi Arabia), Covestro AG (Germany), BASF SE (Germany), INEOS (U.K), PPG Industries, Inc. (U.S.), Evonik Industries (Germany), LANXESS (Germany), TEIJIN LIMITED (Japan), LG Chem (South Korea), Denka Company Limited (Japan), Trinseo (U.S.), Asahi Kasei Corporation (Japan), and Eastman Chemical Company (U.S).

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Transparent Plastics Market Increasing demand from the packaging and construction industries Research Report the Forecast Period 2018- 2023

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