Global Transparent Plastics Market Is Estimated To Witness High Growth Owing To Rising Adoption

Transparent Plastics Market
Transparent Plastics Market 


A variety of transparent plastics are used in various applications owing to their low cost, durability, versatility, and aesthetic properties. They are more durable than glass, which makes them suitable for food and beverage containers, safety and security products, architectural glazing, and automotive parts. They are also highly machinable, which is important for injection molding. They can be molded into complex shapes and have good electrical, thermal, and chemical properties. The most popular transparent plastics include polymethyl methacrylate (abbreviated PMMA), polycarbonate, and PET. These three are all used for a wide range of applications and have similar properties, including high impact strength and clarity. While these plastics offer many benefits, they can create challenges during the molding process. They are generally stiff-flowing materials with a lower melt flow index than other plastics, and their viscosity can be quite high.

The Transparent Plastics Market size was valued at US$ 161.2 billion in 2022, and it is expected to reach USD 214.91 billion by 2030, growing at a CAGR of 3.66% during the forecast period.

Market Dynamics:

Rising product launches are estimated to augment growth of the global transparent plastics market during the forecast period. For instance, Dow introduced additional material options in 2021, for their Asia-Pacific plastics range. These new materials are being presented in the healthcare, mobility, and industry 4.0. Moreover, increasing stringent government regulations are anticipated to restrain growth of the global transparent plastics market during the forecast period.

Impact of COVID-19:

COVID-19 was first reported in 2019 in China. This outbreak led to imposition of strict restrictions globally, for preventing the spread of the virus. The pandemic also led to shutting down of manufacturing units in many industries. Production activities were halted owing to shortage of raw materials and lack of labor. Supply chains were also disrupted in many regions. This led to decrease in demand for transparent plastics. Thus, the growth of the global transparent plastics market was hindered during the pandemic.

Key Takeaways:

The global transparent plastics market is expected to witness high growth, exhibiting CAGR of 3.66 % over the forecast period, due to increasing adoption of inorganic growth activities. For instance, DuPont has being manufacturing polyester films and coatings in their factory in Teesside, in 2021. They have been supplying face shields to individuals and community organizations during the pandemic.

Asia Pacific is anticipated to witness significant growth in the global transparent plastics market during the forecast period, due to growing manufacturing hubs and rising demand for transparent plastics.

Key players operating in the global transparent plastics market are LANXESS AG, EI. Du Pont De Nemours and Company, Evonik Industries AG, Dow Chemical Company, PPG Industries, Lyondellbasell Industries, INEOS, Holdings B.V., BASF SE, and SABIC, Covestro. 

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