Regionally, the Global Transparent Plastics Market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Asia Pacific dominated the Global Transparent Plastics Market in 2016 owing to the growing demand from packaging, automotive, construction, and electronics industries in the region. Changing lifestyle trend of the consumers along with high disposable income is likely to fuel the demand for ready-to-go processed food. This, in turn, may result in high demand for transparent plastics for food storage and beverage bottling during the forecast period. Furthermore, the high demand for fuel-efficient automotive due to several regulations regarding environment health protection such as Chinese State Environment Protection and Bharat Stage Emission Standards is expected to drive the market growth.
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Rapid industrialization and urbanization have augmented the demand for the Transparent Plastics in countries such as China and India. The electronics industry in Japan and China is another factor likely to propel the market growth over the review period. Furthermore, technology transitions such as rollout of 4G/LTE networks and various initiatives such as Digital India are expected to augment the demand for electronics in the region. According to the National Investment Promotion and Facilitation Agency, the Indian electronics market is nearly 75% imports driven and the government has envisioned a target of “Net Zero Imports” by 2020, which is expected to boost the Transparent Plastics demand in the manufacturing of electronics.
North America was the second largest region in the Global Transparent Plastics Market in 2016 on account of the growing demand from packaging, reviving construction, automotive industries in the region. The fast-paced lifestyle of the consumers is likely to fuel the demand for processed food with longer perishability in the region. Rising adoption of lightweight automotive with low emission and higher fuel efficiency are expected to augment the market growth.
Europe is projected to witness significant growth due to the high production and exportation of various automotive parts in the region.
Latin America is projected to witness a significant growth owing to the high demand for transparent plastics from the automotive industry, especially in Mexico.
The infrastructural and construction activities in the GCC countries are likely to fuel the demand for transparent plastics in the Middle East & Africa over the assessment period.
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Key Players:
Some of the manufacturers operating in the Global Transparent Plastics Market are DowDuPont (U.S.), LyondellBasell Industries Holdings B.V. (Netherlands), SABIC (Saudi Arabia), Covestro AG (Germany), BASF SE (Germany), INEOS (U.K), PPG Industries, Inc. (U.S.), Evonik Industries (Germany), LANXESS (Germany), TEIJIN LIMITED (Japan), LG Chem (South Korea), Denka Company Limited (Japan), Trinseo (U.S.), Asahi Kasei Corporation (Japan), and Eastman Chemical Company (U.S.).
Segmentation:
The Global Transparent Plastics Market is segmented on the basis of the Type, Polymer Type, End-Use Industry and Region.
On the Basis of the Type, Global Transparent Plastics Market is segmented into rigid and flexible.
Based on the Polymer Type, Global Transparent Plastics Market is segmented into polyethylene terephthalate (PET), polyvinyl chloride (PVC), polypropylene (PP), polystyrene (PS), polycarbonate (PC), acrylonitrile butadiene styrene (ABS), polymethyl methacrylate (PMMA), and others.
On the Basis of the End-User Industry, Global Transparent Plastics Market is segmented into packaging, building & construction, electrical & electronics, automotive, consumer goods, and others.
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