USD 131.82 billion
Transparent Plastics Market Size, Share, Growth Analysis, By Type(Rigid and flexible), By Application(Electrical & electronics, packaging, building & construction, automotive), By Polymer type(Polyethylene Terephthalate (PET), Polyvinyl Chloride (PVC), Polypropylene (PP), Polystyrene (PS)), By Form(Rigid transparent plastics, and flexible transparent plastics), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15A2121 |
Region:
Global |
Published Date: July, 2024
Pages:
202
|Tables:
120
|Figures:
79
Transparent Plastics Market Insights
Transparent Plastics Market size was valued at USD 131.82 billion in 2019 and is poised to grow from USD 139.1 billion in 2023 to USD 214.1 billion by 2031, growing at a CAGR of 5.54% in the forecast period (2024-2031).
Acrylic and polycarbonate transparent plastics are stronger than other clear sheet metal materials and are frequently used in glazing structures for structures that require both transparency and high-performance mechanical structures. Polycarbonate is a shatter-proof, transparent, and lightweight material. Plastics have low thermal conductivity, so they save money on heating and cooling while still protecting against extreme weather. Furthermore, the light weight of the transparent plastic provides additional benefits during transportation by reducing the risk of breakage and requiring less fuel. Transparent plastics appear to be more expensive in the packaging industry when compared to other materials. Transparent plastic demand is supposed to propel growth of the global market in developing markets such as India and China, where it is widely used for food and beverage packaging. As a result, it is giving rise to the transparent plastics market revenue growth during the forecast period. Plastic waste should be disposed of properly to avoid pollution. However, it is one of the most significant constraints on marine species, as various sea turtles are harmed by the misuse of plastic objects, which often resemble jellyfish or crab larvae.
US Transparent Plastics Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Rigid transparent plastics
Fastest Growth
Flexible transparent plastics
Growth Rate
5.54% CAGR
Global Transparent Plastics Market, 2021-2028 ($ Bn)
Country Share for Asia Pacific Region- 2021 (%)
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Transparent Plastics Market Segmental Analysis
Global transparent plastics market is segmented based on the type, application, polymer type, form, and region. Based on type, global is segmented into rigid, and flexible. Based on application, the market is segmented into electrical & electronics, packaging, building & construction, automotive, healthcare, and others. Based on polymer type, the market is segmented into Polyethylene Terephthalate (PET), Polyvinyl Chloride (PVC), Polypropylene (PP), Polystyrene (PS), Polycarbonate (PC), and others. Based on form, the market is segmented into rigid transparent plastics, and flexible transparent plastics. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Transparent Plastics Market Analysis by Application
Based on application, the global market is segmented into electrical & electronics, packaging, building & construction, automotive, healthcare, and others. The packaging segment which accounted for a sizable share of the transparent plastics market in 2021 followed by building & construction, is expected to expand further with the highest growth rate during the forecast period. The packaging industry is rapidly moving toward lightweight, transparent, and long-lasting materials in response to the majority of customer demands. As a result, because polyethylene terephthalate films and sheets have these qualities and are relatively inexpensive, there is an increasing demand for them. Transparent polymers, such as polyethylene terephthalate films, are largely replacing conventional films for food packaging because they are better, more cost-effective, and stronger over a wider temperature range.
Transparent Plastics Market Analysis by Form
Based on form, the transparent plastics market is segmented into rigid transparent plastics, and flexible transparent plastics. The rigid transparent plastics dominated the market in 2021, and will still dominate during the forecast period. Because rigid clear plastics are excellent for use in a wide range of applications due to their distinct advantages such as the nature of the mix, physical properties, and ease of use, the rigid plastics market is expected to maintain its dominance over the forecast period. Rigid transparent polymers are preferred because of their affordability, sustainability, beauty, and rigidity. Translucent polymers also allow for the labelling of textual information such as product instructions.
Global Transparent Plastics Market By Form, 2021 (%)
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Transparent Plastics Market Regional Insights
The Asia-Pacific region is expected to dominate the market during the forecast timeframe. This region's rise is due to the increasing demand for transparent plastics from major industries such as construction, packaging, electronics, and automotive, and others. The growth of these end-user businesses fuels the demand for transparent plastics by increasing industrialization and improving consumer lifestyle habits and per capita income, resulting in increasing the transparent plastics market share during the forecast timeframe. Due to the region's growing demand, Asia-Pacific is expected to make a significant contribution to this market, and new innovations in technology have resulted from the rising demand transparent plastics.
Vendors in the United States transparent plastics market are increasing their profits by diversifying their business areas. High corporate investment and investment support market growth across the North America region. Currently, these traders are concentrating on expanding their portfolio, demonstrating the region's noticeable involvement in the global marketplace.
Global Transparent Plastics Market By Geography, 2021-2028
- Largest
- Fastest
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Transparent Plastics Market Dynamics
Transparent Plastics Market Driver
- The market is expanding due to increased demand for reinforced plastics. These plastics are widely used in the automotive industry because they provide an excellent alternative to metal elements. Because of their lightweight, versatility, and endurance, they are also gaining traction in the medical, military, construction, and marine sectors.
Transparent Plastics Market Restraint
- A few plastic packaging-related issues, such as biodegradability, decay, and recycling, have resulted in an increase in the number of environmental laws prohibiting the use of plastic packaging materials. This strict rule of improper plastic item disposal prevents the growth of the transparent plastics market, resulting in a suppressed market share during the forecast period.
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Transparent Plastics Market Competitive Landscape
Global transparent plastics market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Transparent Plastics Market Top Player's Company Profiles
- Dow Chemical Company
- LyondellBasell Industries N.V.
- ExxonMobil Corporation
- Covestro AG
- SABIC
- INEOS Group Holdings S.A.
- BASF SE
- Eastman Chemical Company
- Mitsubishi Chemical Holdings Corporation
- LG Chem Ltd.
- Teijin Limited
- Arkema S.A.
- Asahi Kasei Corporation
- Evonik Industries AG
- Formosa Plastics Corporation
- Solvay S.A.
- Sumitomo Chemical Co., Ltd.
- Toray Industries, Inc.
- Celanese Corporation
- RTP Company
Transparent Plastics Market Recent Developments
- In November 2022, Tipa introduced its first home compostable certified transparent laminate, T.LAM 608, as well as a new home compostable, transparent film, Tipa 303, at PACK EXPO International.
- In November 2022, Saudi KAPSARC launches the second Circular Carbon Economy Index, a tool that compares how 64 countries are reducing CO2 emissions through various methods and technologies.
Transparent Plastics Key Market Trends
- The use of 3D printing for production efficiency is a new market trend. With the popularity of desktop 3D printers on the rise, various plastic manufacturing companies are spending in the research and development of superior plastics for 3D printing.
- In the plastics industry, there is an increased interest for process simplification and cost savings. Industrialization is currently driving this demand. In the plastics industry, Industry 4.0 is becoming more popular. It is a term used to describe the changing trend of data exchange and automation in manufacturing technologies.
Transparent Plastics Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global transparent plastics market analysis, Asia Pacific is significantly growing, and it has one of the biggest production houses in the world due to the presence of countries like China, and India. Because of growing demands from end-use industries including automotive, construction, and consumer goods, the global transparent plastic market is growing. However, the increase in need for eco-friendly packaging material in underdeveloped nations is predicted to constrain the global market growth.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 131.82 billion |
| Market size value in 2031 | USD 214.1 billion |
| Growth Rate | 5.54% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
Transparent Plastics Market Recent Developments
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Transparent Plastics Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Transparent Plastics Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Transparent Plastics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Transparent Plastics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Transparent Plastics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Transparent Plastics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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