The newly launched report by Stratview Research, titled ‘Transparent Plastics Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2028’ has been bifurcated by Form Type (Rigid and Flexible), by Polymer Type (Polystyrene, Polypropylene, Polycarbonate, Polyethylene Terephthalate, Polyvinyl Chloride, Polymethyl Methacrylate, and Others [San & Abs, Thermoplastic Polyurethane, Polyamide, and Polyethylene]), by Application Type (Packaging, Building & Construction, Automotive, Consumer Goods, Healthcare, Electrical & Electronics, and Others [Aerospace and Agriculture]), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Transparent plastics market is expected to grow from USD 103.9 billion in 2021 to USD 159.04 billion by 2028 at a CAGR of 6.14% during the forecast period of 2022-2028. Few of the prime factors contributing to the demand for transparent plastics are mainly the increasing adoption of transparent plastics by end-use industries which is creating high demand in emerging regions, improved shelf-life of packaged food products, and ease of customization.

Market Segmentation Analysis -

Based on the form type, the market is segmented as rigid and flexible. The rigid plastics segment held the larger share of the market in 2020, and is expected to remain dominant during the forecast period. Favorable properties such as nature of the blend, physical properties, and ease of consumption make rigid transparent plastics suitable for use in various applications such as electrical & electronics, building & construction, automotive, appliances, packaging, and medical.

Based on the polymer type, the transparent plastics market is segmented as polystyrene, polypropylene, polycarbonate, polyethylene terephthalate, polyvinyl chloride, polymethyl methacrylate, and others. The PET segment dominates the market, as it is approved by the Food and Drug Administration and various other health-safety agencies throughout the world, as it is safe for contact with foods and beverages. Further, PET is the most widely recycled plastic in the world.

Based on the application type, the transparent plastics market is segmented as packaging, building & construction, automotive, consumer goods, healthcare, electrical & electronics, and others. Packaging application is expected to remain the largest and the fastest-growing segment of the market, owing to a wide use of transparent plastics in packaging applications such as food wrappings, PET bottles, shrink wraps, and others. Due to the increasing living standards and disposable income levels of customers across the globe, the application of transparent plastics in the packed water sector is growing globally.

Key Players

The following are the key players in the market-

·         DuPont

·         Dow Chemical Company

·         LyondellBasell

·         SABIC

·         Covestro

·         BASF

·         INEOS

·         PPG Industries

·         Evonik Industries

·         LANXESS

·         Teijin Limited

·         LG Chem

·         Denka

·         Trinseo

·         Asahi Kasei

·         Eastman Chemical Company

·         Chi Mei Corporation

·         Arkema.

Research Methodology

Stratview Research's reports are the result of a thorough analysis that combines thorough secondary, and primary interviews with industry leaders, and confirmation using unique internal database and statistical methods. More than 1,000 verified secondary sources, such as annual reports from companies, press releases, fact books, journals, white papers, and blogs are reviewed and analysed.

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