Rigid Transparent Plastic Market by 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), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
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.
Market Trends, Drivers, Restraints, and Opportunities
- Growing demand for plastic packaging in the medical industry is expected to drive the market expansion.
- Huge increase in e-commerce activities and rising foreign exports are projected to boost the rigid transparent plastic market growth during the forecast period.
- Increasing replacement of glasses with rigid transparent plastics in a number of applications is anticipated to positively impact the market growth in the coming years.
- Shifting focus toward flexible packaging over rigid packaging can restrict the market growth.
- Rising consumer demand for on-the-go and ready-to-use products, which requires a healthy functioning and convenient packaging, is anticipated to propel the market expansion.
Scope of the Report
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.
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Attributes |
Details |
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Report Title |
Rigid Transparent Plastic Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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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) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
SABIC, BASF SE, Arkema, LOTTE Chemical CORPORATION, and Covestro AG. |
Rigid Transparent Plastic Market Segment Insights
Butadiene styrene & styrene acrylonitrile segment to represent a large market share
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.
Packaging segment to expand at a high CAGR
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.
Europe is anticipated to dominate the market
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.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Rigid Transparent Plastic Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Rigid Transparent Plastic Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Rigid Transparent Plastic Market - Supply Chain
4.5. Global Rigid Transparent Plastic Market Forecast
4.5.1. Rigid Transparent Plastic Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Rigid Transparent Plastic Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Rigid Transparent Plastic Market Absolute $ Opportunity
5. Global Rigid Transparent Plastic Market Analysis and Forecast by End Users
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by End Users
5.2.2. Y-o-Y Growth Projections by End Users
5.3. Rigid Transparent Plastic Market Size and Volume Forecast by End Users
5.3.1. Packaging
5.3.2. Healthcare
5.3.3. Electrical & Electronics
5.3.4. Automotive
5.3.5. Buildings & Construction
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by End Users
5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Rigid Transparent Plastic Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Rigid Transparent Plastic Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Rigid Transparent Plastic Demand Share Forecast, 2019-2026
7. North America Rigid Transparent Plastic Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Rigid Transparent Plastic Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Rigid Transparent Plastic Market Size and Volume Forecast by End Users
7.4.1. Packaging
7.4.2. Healthcare
7.4.3. Electrical & Electronics
7.4.4. Automotive
7.4.5. Buildings & Construction
7.4.6. Others
7.5. Basis Point Share (BPS) Analysis by End Users
7.6. Y-o-Y Growth Projections by End Users
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Rigid Transparent Plastic Demand Share Forecast, 2019-2026
8. Latin America Rigid Transparent Plastic Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Rigid Transparent Plastic Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Rigid Transparent Plastic Market Size and Volume Forecast by End Users
8.4.1. Packaging
8.4.2. Healthcare
8.4.3. Electrical & Electronics
8.4.4. Automotive
8.4.5. Buildings & Construction
8.4.6. Others
8.5. Basis Point Share (BPS) Analysis by End Users
8.6. Y-o-Y Growth Projections by End Users
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Rigid Transparent Plastic Demand Share Forecast, 2019-2026
9. Europe Rigid Transparent Plastic Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Rigid Transparent Plastic Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Rigid Transparent Plastic Market Size and Volume Forecast by End Users
9.4.1. Packaging
9.4.2. Healthcare
9.4.3. Electrical & Electronics
9.4.4. Automotive
9.4.5. Buildings & Construction
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by End Users
9.6. Y-o-Y Growth Projections by End Users
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Rigid Transparent Plastic Demand Share Forecast, 2019-2026
10. Asia Pacific Rigid Transparent Plastic Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Rigid Transparent Plastic Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Rigid Transparent Plastic Market Size and Volume Forecast by End Users
10.4.1. Packaging
10.4.2. Healthcare
10.4.3. Electrical & Electronics
10.4.4. Automotive
10.4.5. Buildings & Construction
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by End Users
10.6. Y-o-Y Growth Projections by End Users
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Rigid Transparent Plastic Demand Share Forecast, 2019-2026
11. Middle East & Africa Rigid Transparent Plastic Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Rigid Transparent Plastic Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Rigid Transparent Plastic Market Size and Volume Forecast by End Users
11.4.1. Packaging
11.4.2. Healthcare
11.4.3. Electrical & Electronics
11.4.4. Automotive
11.4.5. Buildings & Construction
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by End Users
11.6. Y-o-Y Growth Projections by End Users
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Rigid Transparent Plastic Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Rigid Transparent Plastic Market: Market Share Analysis
12.2. Rigid Transparent Plastic Distributors and Customers
12.3. Rigid Transparent Plastic Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. SABIC
12.4.2. BASF SE
12.4.3. Arkema
12.4.4. LOTTE Chemical CORPORATION
12.4.5. Covestro AG
Segments Covered in the Report
The global rigid transparent plastic market has been segmented on the basis of
Polymer Types
- Polycarbonate
- Polyvinyl Chloride
- Polystyrene
- Acrylonitrile Butadiene Styrene & Styrene Acrylonitrile
- Polypropylene
- Polymethyl Methacrylate
- Styrene Block Copolymers
- Others
End-user Industries
- Packaging
- Healthcare
- Electrical & Electronics
- Automotive
- Buildings & Construction
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- SABIC
- BASF SE
- Arkema
- LOTTE Chemical CORPORATION
- Covestro AG
Key players competing in the rigid transparent plastic market include SABIC, BASF SE, Arkema, LOTTE Chemical CORPORATION, and Covestro AG.
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