The study also includes the market share of the key participant’s operating in the rigid transparent plastics market across the globe. Besides, the report covered the strategic development together with acquisitions & mergers, agreements, partnerships, collaborations and joint ventures and regional growth of key players within the market on a regional basis.
Sarasota, FL -- (SBWIRE) -- 05/11/2018 -- Zion Market Research has published a new report titled "Rigid Transparent Plastics Market by Types (Plastics Polycarbonate, Acrylonitrile Butadiene Styrene (ABS), Polypropylene, Polysulfones & Polyvinyl Chloride (PVC), Styrene Acrylonitrile (SAN), Nylon Acrylic-Styrene Copolymers (SMMA) and Others) for Building & Construction, Electrical & Electronics, Automotive, Packaging, Medical and Other Applications - Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2023". According to the report, global rigid transparent plastics market was valued at USD 17.47 billion in 2017, is expected to reach USD 23.81 billion in 2023 and is anticipated to grow at a CAGR of 5.3% between 2018 and 2023.
Rigid transparent plastics are available in various forms including blow-molded, injection-molded, extruded and thermoformed. It possesses various properties such as chemical resistant, shatters resistant, durable, brittle, excellent impact resistance and weather resistant. In addition, the rigid transparent plastics are widely used by the high-end confectionary market to showcase their product and make it cost effective, as the plastic adds less to the overall cost compared to the other alternatives.
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The global rigid transparent plastics market is expected to grow at the fastest pace during the forecast period, attributed to increasing packaging industry. Moreover, the rising demand for clear grade plastics across the world is having the most prominent influence on the global market for rigid transparent plastics. The lightweight nature and superior properties of rigid transparent plastics also drive the rigid transparent plastics market. The building & construction industry is expected to spur the market growth in upcoming years. Furthermore, environmental concerns may impact the growth of rigid transparent plastics market in the forecast period. In next few years, rigid transparent plastics are projected to replace glass for various applications due to its superiority over the glass and the benefits offered by them.
The global rigid transparent plastics market can be segmented on the basis of type, application, and regions. On the basis of type, the global market is segregated into plastics polycarbonate, acrylonitrile butadiene styrene (ABS), polypropylene, polysulfones & polyvinyl chloride (PVC), styrene acrylonitrile (SAN) and nylon acrylic-styrene copolymers (SMMA). Polypropylene is widely used in a variety of applications includes packaging for consumer products, plastic parts for various industries such as automotive industry, special devices like living hinges and textiles. On the basis of applications, the market is classified as building & construction, electrical & electronics, automotive, packaging, medical and others. Building & construction is expected to witness significant gains in the forecast period.
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In 2016, Asia Pacific was accounted largest share for the global market. Asia-Pacific is expected to be the fastest growing market for rigid transparent plastics within the forecast period. The developing countries such as India, China, Indonesia, and Brazil are becoming the largest consuming nations of packaged mineral water, packaged food & beverages, medicines and other consumer goods, as a result of which the demand of the rigid transparent plastic is expected to grow substantially in these nations. North America is expected to register moderate growth. The prosperous growth of the construction industry is the major factor driving the growth of the region. The Middle East and Africa are anticipated to hold immense potential for the rigid transparent plastic market. Moreover, Europe can be attributed to the increasing concerns, in terms of volume and revenue, in automotive and construction industries is expected to drive the product demand over the forecast period. Latin America is expected to show decent growth in the forecast owing to the increase in automotive & transport industries.
The rigid transparent plastics market consist of a large number of players and is highly fragmented. Companies operating in this market include Braskem, Chevron Phillips Chemical Co., Chi Mei Corporation, China National Petroleum Corporation (Cnpc), DOW Chemical Co., Eastman Chemical, ExxonMobil Chemical Co., Formosa Plastics Group, Hanwha Chemical Corporation, Ineos Chlorvinyls Ltd., LG Chem Ltd., LyondellBasell Industries, Reliance Industries Ltd. (Ril), Shin-Etsu Chemical Co., Ltd. and Sinopec Group among others. The enormous potential of the market is encouraging new entrants to foray into the market.
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The report segments the global rigid transparent plastics market as
Global Rigid Transparent Plastics Market: Type Analysis
Plastics Polycarbonate
Acrylonitrile Butadiene Styrene (ABS)
Polypropylene
Polysulfones & Polyvinyl Chloride (PVC)
Styrene Acrylonitrile (SAN)
Nylon Acrylic-Styrene Copolymers (SMMA)
Global Rigid Transparent Plastics Market: Application Analysis
Building & construction
Electrical & electronics
Automotive
Packaging
Medical
Others
Global Rigid Transparent Plastics Market: Regional Analysis
North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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