Transparent Plastics Market worth 165.2 Billion USD by 2020
Transparent Plastics Market worth 165.2 Billion USD by 2020
The report “Transparent Plastics Market by Type (PS, PP, PC, TPU, PVC, ABS, SAN, PMMA & Others), by
Application (Packaging, Building & Construction, Automotive, Electrical & Electronics, Consumer Goods,
Healthcare & Others), by Region - Trends & Forecasts to 2020” defines and segments the global transparent
plastics market with analysis and forecast of the market size, in terms of value and volume. It also identifies
driving and restraining factors for the global transparent plastics market with analysis of trends, opportunities,
burning issues, winning imperatives, and challenges. The market is segmented and values are projected on the
basis of key regions, such as North America, Europe, Asia-Pacific, and RoW (Rest of the World). The leading
countries are covered and projected for each region. Further, the market is segmented and values are
estimated on the basis of different types and applications.
Browse 98 tables and 81 figures spread through 204 pages and in-depth TOC on "Transparent Plastics
Market - Trends & Forecasts to 2020"
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In terms of value, the global transparent plastics market is projected to grow at a CAGR of 6.4% from 2015 to
reach a market size of around USD 165.2 Billion by 2020. Packaging is the largest application of transparent
plastics.
North America: Largest Market for Transparent Plastics
North America is currently the largest market for transparent plastics. The U.S. is the largest consumer of
transparent plastics in this region.
The favorable market forces driving the market for transparent plastics in Europe are:
Stringent building safety codes and increasing demand for energy-efficient buildings in the region
Increasing demand for lightweight vehicles in the country
Growing construction, healthcare, packaging, and automotive industries in major countries, such as
the U.S. and Mexico
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Packaging: Largest Application Segment of Transparent Plastics
Packaging is currently the largest application segment of transparent plastics. In terms of value, the market
size of transparent plastics for packaging segment is projected to grow at a CAGR of 6.6% between 2015 and
2020. Transparent packaging is one of the most significant packaging solutions offered by plastic materials as it
allows consumers to visually analyze the product. Transparent plastics used for packaging include clear plastic
boxes, cartons, clear tube packaging, blister packaging, stretch films, sheets, pouches, and many more. HDPE,
PET, PVC, PS, and PP are some of the major polymers used for manufacturing transparent plastics for the
packaging industry. Transparent plastics serve a wide range of end-use packaging requirements in industries
such as apparel, beauty & cosmetics, gift wraps, beverages, electrical & electronics, decorative, publication,
medical, pharmaceutical, sports, and toys.