Rigid Transparent Plastics Market by Type, Application, and Geography - Forecast and Analysis 2020-2024

“The Rigid Transparent Plastics Market study is a comprehensive report with in-depth qualitative and quantitative research evaluating the current scenario and analyzing the growth of USD 2.81 billion and CAGR of 3% by segment Type, Geography and Application during the forecast period 2019 to 2024” 

Furthermore, this report extensively covers the smart home appliances market segmentation by type (Building and construction, Electrical and electronics, Automotive, Packaging, and Others), geography (APAC, Europe, North America, South America, and MEA), and application (Polycarbonate, Polystyrene, Polymethyl methacrylate, SAN and ABS, and Others). The market report also offers information on several market vendors, including Amcor Plc, BASF SE, Chi Mei Corp., Covestro AG, DuPont de Nemours Inc., Evonik Industries AG, INEOS Group Holdings SA, LG Chem Ltd., Saudi Basic Industries Corp., and Solvay SA

Download the Report Sample to Unlock the Smart Room Heater Market Size for the Forecast Period and Other Important Statistics 

Parent Market Analysis

Technavio categorizes the Rigid Transparent Plastics Market as a part of the Materials industry within the Chemicals industry. Our Technavio research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the forecast year.

Rigid Transparent Plastics Market: Key Drivers, Trends, and Challenges

Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the rigid transparent plastics industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge. 

Key Rigid Transparent Plastics Market Driver

One of the key factors driving growth in the market is the variety of applications across industries. Products made from rigid transparent plastics are used across the automotive, aviation, construction, electrical and electronics and lighting sectors, primarily because of their optical clarity, durability, and insulation. In the automotive sector, rigid transparent plastics are extensively used for making windshields and sun visors, light covers, and automotive glazing as they offer UV light resistance and optical clarity. In the aviation sector, rigid transparent plastics are used for making windows and canopies of aeroplanes as they can withstand high pressure and temperature differences. In the electronics industry, these plastics are used for making screens for laptops, smartphones, and television. In the electric industry, rigid transparent plastics are used for manufacturing LEDs because of their optical clarity. Rigid transparent plastics are durable and are used for making facades and aquarium structures in the construction industry. 

Key Rigid Transparent Plastics Market Challenge

The volatility in raw material prices will be a major challenge for the market during the forecast period. Volatility in raw materials poses a serious challenge to the growth of the market. Crude oil is the major raw material required for making plastic-based products, and fluctuations in crude oil prices impact the price of the end products. Owing to the global consumption and production of plastic, the prices of plastic are extremely susceptible to changes in economies and exchange rates. Factors such as recession, trade wars, and a gradual decline in the dollar cause fluctuations in the price of plastic over time. Fluctuations in raw material prices have a direct impact on the production cost of materials made of plastics, including rigid transparent plastic, and affect the profit margins of vendors. 

Rigid Transparent Plastics Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain, and parent market of the market which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.

Who are the Major Rigid Transparent Plastics Market Vendors?

Amcor Plc - The company offers rigid transparent plastics for packaging purposes. The flexible segment develops and supplies flexible packaging globally. The segment is the largest supplier of plastic, aluminium, and fibre-based flexible packaging. The rigid packaging segment manufactures rigid plastic containers and related products.

The report  on Rigid Transparent Plastics Market analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

• Amcor Plc
• BASF SE
• Chi Mei Corp.
• Covestro AG
• DuPont de Nemours Inc.
• Evonik Industries AG
• INEOS Group Holdings SA
• LG Chem Ltd.
• Saudi Basic Industries Corp.
• Solvay SA

 

This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. The vendor profiles are designed to help clients improve their market position, and information on production and sustainability along with this the report provides a detailed analysis of several leading Companies.

Which are the Key Regions for Rigid Transparent Plastics Market?

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62% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for rigid transparent plastics in APAC. Market growth in this region will be faster than the growth of the market in the European regions.

By region, APAC is the largest segment of the market. The growth of the regional construction sector and automotive industry and the increasing consumption of packaged food has a positive influence on the regional market. Urbanization and industrialization drive the construction sector in APAC. Rigid transparent plastics are used for manufacturing facades, which are an integral part of modern-day energy-efficient buildings, as they allow efficient utilization of natural light. Growth in the construction sector and the need for energy-efficient buildings increase the demand for rigid transparent plastics in the region. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the Rigid Transparent Plastics Market?

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The market share growth by the building and construction segment will be significant during the forecast period. The growth of the building and construction sector is estimated to have a considerable impact on the global market. Economic activities in developing nations, such as China, India, Indonesia, and South Africa, have increased per capita incomes. The increased GDP has increased property purchases, particularly first-time property purchases, in these countries. The positive economic outlook in developed economies has increased the overall spending on the building and construction sectors. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Rigid Transparent Plastics Market Scope
Report Coverage	Details
Page number	120
Base year	2019
Forecast period	2020-2024
Growth momentum & CAGR	Accelerate at a CAGR of 3%
Market growth 2020-2024	$ 2.81 billion
Market structure	Fragmented
YoY growth (%)	-4.32
Regional analysis	APAC, Europe, North America, South America, and MEA
Performing market contribution	APAC at 62%
Key consumer countries	China, US, Japan, Germany, and India
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	Amcor Plc, BASF SE, Chi Mei Corp., Covestro AG, DuPont de Nemours Inc., Evonik Industries AG, INEOS Group Holdings SA, LG Chem Ltd., Saudi Basic Industries Corp., and Solvay SA
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Rigid Transparent Plastics Market Report?

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive market growth during the next five years
• Precise estimation of the market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behaviour
• The growth of the rigid transparent plastics industry across APAC, Europe, North America, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of market vendors

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