DUBLIN--(BUSINESS WIRE)--The "Global Rigid Transparent Plastics Market - Segmented by Polymer Type, by End-user Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global rigid transparent plastics market is expected to register a CAGR of around 6% during 2018-2023 (the forecast period). Asia-Pacific accounted for the largest market in 2017. Asia-Pacific is also expected to register the fastest growth during the forecast period.
The rigid transparent plastics market is driven by its easy-to-handle, durable, and lightweight characteristics. These are widely employed in the food & beverage industry for manufacturing packaging covers or materials. Growth in the food & beverage industry has a direct impact on the consumption of rigid transparent plastics for packaging. Rigid plastic packaging accounted for more than 15% share of usage in the food & beverages industry. Many developed countries are shifting to packaging covers made from clear plastics; primarily, polypropylene and polystyrene. The demand for rigid transparent plastics for the packing of food & beverages is estimated to expand at a significant rate during the forecast period.
The packaging industry was the largest consumer of rigid transparent plastics in 2015. Increasing food packaging activities are estimated to boost the demand for rigid transparent plastics; primarily polycarbonate, polypropylene, and polystyrene across the globe. The packaging industry is estimated to grow at a faster pace in regions, such as Asia-Pacific and North America. The growing demand for lightweight packaging with long durability is one of the key factors boosting the demand for rigid transparent plastics in the packaging industry.
Key Developments in the Market
- February 2018: Plaskolite, North America's largest manufacturer of acrylic sheet products, announced that it will acquire continuous cast acrylic sheet business of Lucite International.
- July 2017: Trinseo announced that it has completed the acquisition of API (Applicazioni Plastiche Industriali SpA).
Key Topics Covered
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Competitive Landscape
8. Company Profiles
- BASF SE
- Covestro AG
- Chevron Phillips Chemical Company
- Eastman Chemical Company
- EMS-Chemie Holding AG
- Evonik Industries AG
- Exxon Mobil Corporation
- LyondellBasell Industries Holdings B.V.
- Nan Ya Plastics Corporation (Formosa Plastics Corporation)
- PolyOne Corporation
- Trinseo (incl. API)
For more information about this report visit https://www.researchandmarkets.com/research/93hx88/rigid_transparent?w=4