Transparency Market Research (TMR) provides key insights on the transparent plastics market in its latest report titled “Transparent Plastics Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026.” According to the report, rapid growth of numerous end-use industries in Asia Pacific is predicted to drive the transparent plastics market during the forecast period. Countries in Asia Pacific have witnessed increased demand for polyvinyl chloride that offer growth opportunities to the transparent plastics market.

Transparent plastics are used when vision through material is required. Transparent plastics are employed for the manufacture of lightweight, shatter-resistant, and durable products. They can also be used for producing complex geometries and unique shapes.

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The report has segregated the global transparent plastics market based on form, product, application, and region. In terms of form, the market is classified into rigid transparent plastics and flexible transparent plastics. The rigid transparent plastics segment held a major market share in 2017 and the trend is likely to continue throughout the forecast period. Based on application, the transparent plastics market is segmented into building & construction, electrical & electronics (E&E), automotive, packaging, consumer goods, and others. The packaging segment held a major market share, followed by the building & construction segment, in 2017.

On the basis of regional perspective, the global transparent plastics market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Out of these, Asia Pacific accounted for a major market share of the global transparent plastics market in 2017, owing to growth of end-user industries in the region. Stringent environmental laws and increase in the demand for eco-friendly packaging materials are restraining the transparent plastics market in developed countries. The transparent plastics markets in Middle East & Africa and Latin America are expected to witness sluggish growth during the forecast period.

Some of the prominent players operating in the global transparent plastics market are included in this report to give a better competitive analysis of the market and these are Covestro, LyondellBasell, DuPont, Dow Chemical Company, BASF, Evonik Industries, Teijin Limited, LG Chem, Eastman Chemical Comp, Asahi Kasei, Denka, and INEOS.

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