According to the latest market research study by Technavio, the global rigid transparent plastics market is expected to grow at a CAGR of close to 6% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global rigid transparent plastics market in terms of revenue and emerging market trends. The report also includes a competitive vendor analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the application
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The top three revenue contributing application segments are discussed below
Building and construction: The high molecular weight, light weight, poor thermal and electrical conductivity, and energy efficiency properties of rigid transparent plastics make them appropriate for use in the construction sector. PC, PS, and PVC are the majorly used rigid transparent plastics in the building and construction sector.
“The growing building and construction market along with urbanization in BRICS (Brazil, Russia, India, China, and South Africa) countries are driving the demand for rigid transparent plastics in the building and construction market. The growing demand for bio-based plastics is expected to open opportunities for the development of the market during the forecast period,” says Ajay Adikari, a lead analyst at Technavio for research on plastics, polymers, and elastomers.
Electrical and electronics: Rigid transparent plastics are extensively used in the electrical and electronics industry due to their properties such as electric insulation, heat insulation, lightweight, high durability, energy efficiency, and easy recyclability. Rigid transparent plastics are essentially used for miniaturization and weight reduction of several electronic products.
Automotive: Manufacturers in the automotive industry are using plastic sheets to produce durable dashboard components and other interior and exterior parts. Components that are made fully or partially from rigid transparent plastics offer a standard of safety, thereby, leading to the high consumption of rigid transparent plastics in the automotive sector.
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The top vendors operating in the global rigid transparent plastics market are:
- BASF
- The Dow Chemical Company
- Eastman Chemical Company
- Evonik Industries
- ExxonMobil
The other prominent vendors in the market include DuPont, Formosa Plastics, Plaskolite, and PPG Industries.
A more detailed analysis is available in the Technavio market research report titled, ‘Global Rigid Transparent Plastics Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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