DUBLIN--(BUSINESS WIRE)--The "Transparent Plastics Market by Type (Rigid, Flexible), Polymer Type (PET, PVC, PP, PS, PC, PMMA), Application (Packaging, Building & Construction, Electrical & Electronics, Automotive, Consumer Goods), and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The transparent plastics market is projected to grow from USD 101.97 billion in 2017 to USD 137.75 billion by 2022, at a CAGR of 6.2% from 2017 to 2022.
Increasing adoption of transparent plastics by end-use industries, improved shelf-life of packaged food products, high demand in emerging regions, and ease of customization are the key factors driving the growth of the transparent plastics market across the globe. However, environmental pollution due to low degradability of plastics and increasing demand for eco-friendly packaging materials in developed countries acts as a restraint to the growth of the transparent plastics market.
The flexible transparent plastics type segment of the transparent plastics market is projected to grow at a higher CAGR during the forecast period. Polytetrafluoroethylene (PTFE) is the most preferred material in the flexible transparent plastics segment. Flexible packaging is preferred for its low cost, sustainability, attractiveness, and convenience. Another advantage of this kind of packaging is that it allows written information such as product instructions to be placed on the label.
The PET polymer type segment of the transparent plastics market is projected to grow at the highest CAGR during the forecast period. Due to PET's unique properties such as good barrier properties, light weight, recyclability, safety, and ease of handling, it is rapidly becoming the preferred packaging material for foods and beverages globally.
The packaging application segment of the transparent plastics market is projected to grow at the highest CAGR from 2017 to 2022. The demand for transparent plastics in the packaging application is driven by their use in PET bottles, shrink wraps, food wrappings, and others. The application of transparent plastics in the packed water sector is growing globally. This is mainly due to the increasing living standards and disposable income levels of customers across the globe.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Transparent Plastics Market, By Type
7 Transparent Plastics Market, By Polymer Type
8 Transparent Plastics Market, By Application
9 Transparent Plastics Market, By Region
10 Competitive Landscape
11 Company Profiles
- Arkema S.A.
- Asahi Kasei Corporation
- BASF SE
- Chi Mei Corporation
- Denka Company Limited
- E. I. Du Pont De Nemours and Company
- Eastman Chemical Company
- Evonik Industries AG
- LANXESS AG
- LG Chem
- Lyondellbasell Industries Holdings B.V.
- PPG Industries
- Teijin Limited
- The Dow Chemical Company
- Trinseo S.A.
For more information about this report visit https://www.researchandmarkets.com/research/rr9nf7/transparent?w=4