The global rigid transparent plastic market size is estimated to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the surging demand for packaged food products and rising preference for online shopping.
Rigid transparent plastic is mainly transparent thermoplastic, which is lightweight and has sound shatter resistant. It widespread applications can be found in aquariums, aircraft, lighting fittings, and various other consumer products. Above a certain temperature, transparent polymers are flexible and moldable and return to a solid state upon cooling. These polymers have properties including corrosion and chemical resistance, recyclability, lightness, moderate electrical and thermal conductivity, durability, shock resistance, and water resistance, among others.
Acrylic and polycarbonate are rigid transparent plastic sheet materials that are stronger than many other clear plastic sheet materials. They are frequently employed in architectural glazing applications where transparency and excellent mechanical characteristics are required.
The report on the global rigid transparent plastic market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes | Details |
Report Title | Rigid Transparent Plastic Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year | 2020 |
Historic Data | 2018–2019 |
Forecast Period | 2021–2028 |
Segmentation | Polymer Types (Polycarbonate, Polyvinyl Chloride, Polystyrene, Acrylonitrile Butadiene Styrene & Styrene Acrylonitrile, Polypropylene, Polymethyl Methacrylate, Styrene Block Copolymers, and Others), End-user Industries (Packaging, Healthcare, Electrical & Electronics, Automotive, Buildings & Construction, and Others) |
Regional Scope | Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report | SABIC, BASF SE, Arkema, LOTTE Chemical CORPORATION, and Covestro AG. |
Based on polymer types, the market is segmented into polycarbonate, polyvinyl chloride, polystyrene, acrylonitrile butadiene styrene & styrene acrylonitrile, polypropylene, polymethyl methacrylate, styrene block copolymers, and others. The butadiene styrene & styrene acrylonitrile segment is expected to account for a key market share in the coming years. Butadiene styrene & styrene acrylonitrile polymers have high transparency, good dimensional stability, and high processability. It finds utility in applications such as automotive, consumer, and construction industries. Increasing investments in R&D to develop innovative and high-quality ABS products is expected to drive the growth of the market segment.
In terms of end-user industries, the market is divided into packaging, healthcare, electrical & electronics, automotive, buildings & construction, and others. The packaging segment is anticipated to register a robust CAGR during the forecast period owing to the changes in substrate selection, market expansion, and ownership dynamics. Increasing income and changing lifestyles promote the use of rigid transparent plastic for packaging. Moreover, rising preference for packaged food and beverages is leading to the growth of the packaging industry.
On the basis of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Europe is expected to account for a major market share during the forecast period. The growth of the automotive, healthcare, and construction & building sectors in the Germany is contributed largely toward the increasing demand for rigid transparent plastics in Europe. Rapid growth of the electronics & telecommunication sector coupled with rising use of IT services in almost all industries in the Europe are the key drivers of the market growth in the region. Increasing use of consumer electronics in Germany is expected to further boost the market growth in Europe. The construction and building sector is anticipated to develop significantly due to the rising home industry and real estate demand, which in turn, increasing the demand for rigid transparent plastics in the region.
Segments Covered in the Report
The global rigid transparent plastic market has been segmented on the basis of
Polymer Types
End-user Industries
Regions
Key Players
Key players competing in the rigid transparent plastic market include SABIC, BASF SE, Arkema, LOTTE Chemical CORPORATION, and Covestro AG.
Segments Covered in the Report
The global rigid transparent plastic market has been segmented on the basis of
Polymer Types
End-user Industries
Regions
Key Players
Key players competing in the rigid transparent plastic market include SABIC, BASF SE, Arkema, LOTTE Chemical CORPORATION, and Covestro AG.
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