Report Summary

The global transparent plastic market size was valued at USD 106.1 billion in 2018 and is anticipated to grow at a CAGR of 6.8% during the forecast period. Transparent plastic is used for manufacturing of lightweight, durable, and shatter-resistant products. It is used for a wide range of products owing to low production costs, and ability to produce complex geometry and uniquely shaped components. The different polymer types used in transparent plastic include polycarbonate, acrylic, polyethylene terephthalate, polyvinyl chloride, and polyethylene among others.

Polycarbonate is a high-performance tough, amorphous and transparent thermoplastic polymer used in electronics, automotive, medical, and consumer goods. It offers properties such as high impact strength, dimensional stability, high mechanical properties with the ability to transmit over 90% light and provide 100% protection from UV rays. Transparent plastic is used in a variety of industries such as medical, sport, agriculture, lighting, construction, automotive, packaging, and consumer goods among others.

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The increasing applications of transparent plastic in the automotive industry, coupled with global growth in packaging industry drive the growth of the market. Increasing demand for improved shelf-life of packaged food products, and ease of customization offered by transparent plastic boosts the growth of transparent plastic industry. Transparent plastic is used in various industries such as consumer goods, automotive, construction, healthcare, and packaging among others, and growth in these industries worldwide is expected to supplement the market growth. Other factors driving the market include growing adoption of electric vehicles, and rising demand from food & beverages industry for packaging solutions. However, increasing concerns regarding environmental pollution, and increasing demand for eco-friendly polymers hamper the growth of the transparent plastic industry. Growing demand from emerging economies, development of bio-based transparent plastics, technological advancements, recycling of PVC, and increasing demand for polycarbonate in 3D printing filaments are factors expected to provide numerous growth opportunities in the transparent plastic industry during the forecast period.

Segment Analysis

The global transparent plastic market is segmented on the basis of type, polymer type, end-user, and region. Based on type, the transparent plastic industry is segmented into rigid transparent plastic, and flexible transparent plastic. The rigid transparent plastic accounted for the highest share in the global market in 2018 owing to growing demand from electrical & electronics, consumer goods, automotive, and packaging sectors.

Based on polymer type, the transparent plastic industry is segmented into Polycarbonate, Polyvinyl Chloride, Polystyrene, Polypropylene, Polyethylene Terephthalate, Acrylonitrile Butadiene Styrene, Styrene Block Copolymers, and others. The Polyethylene Terephthalate accounted for the highest share in the global market in 2018.

The end-user segment is categorized into consumer goods, automotive, packaging, electrical and electronics, healthcare and pharmaceutical, and others. The packaging segment accounted for the highest share in the global market in 2018 owing to increasing use in PET bottles, shrink wraps, food wrappings, and properties such as clarity, lightweight, high strength, stiffness high chemical resistance, barrier properties, low price, and high recyclability.

Transparent Plastic Market Scope

By Diagnostics Devices By Therapeutics Devices By End User By End User By Regions Polysomnography Devices (PSG)

Respiratory polygraphs

Pulse Oximeters

Actigraphy Devices Positive Airway Pressure (PAP) Devices

Oxygen Devices

Oral Appliances

Adaptive Servo Ventilation (ASV) Devices Hospitals & sleep laboratories

Home care settings Automotive

Shipbuilding

Aerospace

Manufacturing

Others North America (U.S., Canada) Europe (Germany, UK, France, Italy, Spain, Belgium, Russia, Netherlands) Asia-Pacific (China, Japan, India, Australia, Korea, Singapore, Malaysia, Indonesia, Thailand, Philippines) Latin America (Brazil, Mexico, Argentina) Middle East and Africa (UAE, Saudi Arabia, South Africa, Rest of MEA)

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Regional Analysis

The report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., and Canada. Europe is divided into Germany, UK, France, Italy, Spain, Belgium, Russia, Netherlands, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, Korea, Singapore, Malaysia, Indonesia, Thailand, Philippines and Rest of Asia-Pacific.

Asia-Pacific accounted for the largest share in the global market in 2018 owing to increasing demand of transparent plastic from industries such as healthcare, food and beverage, automotive, and packaging. Growing industrialization along with growth in manufacturing industry has resulted in increasing adoption of transparent plastic in the region.

Competitive Landscape

The leading players in the market include BASF SE, PPG Industries, LG Chem, E. I. Du Pont De Nemours and Company, Asahi Kasei Corporation, Evonik Industries AG, The Dow Chemical Company, Teijin Limited, Eastman Chemical Company, Chevron Phillips Chemical Company, Exxon Mobil Corporation, and PolyOne Corporation. The leading players in the transparent plastic industry are introducing new innovative products to cater to the growing consumer demands. Global players are entering new markets in developing regions to expand their customer base and strengthen presence in the transparent plastic industry.