Transparent Plastics Market by Product, by Application, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026

The Global Transparent Plastics Market is valued to reach USD 135.6 Billion by 2022, and is expected to grow at CAGR of 6.4% from 2020–2026. Increasing adoption of transparent plastics by end-use industries, surging consumer demand for on-the-go and ready-to-use products coupled with rising popularity of online shopping are the key factors augmenting the market growth.

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Transparent plastics are versatile and offer great flexibility for use over end-use applications. In aerospace, transparent plastics are commercially available as windshields on aircrafts. The properties include resistance to weathering, scratch resistance, and distortion of vision. Technically put, there are two type of plastics available for use in aircraft, namely-cellulose acetate and acrylate resin. Cellulose acetate possess a high impact strength, high capacity and flexibility whereas acrylate resin offers greater transparency, highly stable and lightweight features. On contrary, other transparent plastics such as ethylcellulose, vinyl acetal resins, and cellulose nitrate are likely to fail during test operations for aircraft.

Likewise, transparent plastics offer high commerciality and value addition for industrial applications. Also known as single-use plastics, these offer high viability in pharmaceutical sector. Plastic is ubiquitous and poses environmental challenges. As a counter measure, governments across the globe are creating environmental policies through awareness and campaigns that have helped sustainability via eco-friendly alternatives. Public-private partnerships are likely to result in high response owing to wide availability of transparent plastics. For instance, adoption of reusable bags offer reduction in use of plastics that determines change in consumer behaviour.

Apart, for the automotive industry transparent plastics offer scratch-resistance features as the material comprises polycarbonate, polystyrene and styrene-acrylonitrile. The significance of these materials result in the creation of coated as well as uncoated materials thus determining the scope of hardness test for transparent plastics. From a commercial perspective, the demand for eco-friendly/reusable plastic bottles has been high across the globe. For instance, Ultrapolymers, a European distributor offers transparent plastic materials that have undergone extensive research and development in order to create several applications in this regards. The products are a blend of mechanical and optical properties, offers clear transparency as a substitution to glass and enables noise absorption and results in acoustic performance. Healthcare, automotive, packaging, agriculture and electrical are some of the applications covered by Ultrapolymers.

Transparent Plastics Market Trends, Drivers and Opportunities:

Transparent plastics market is driven by rise in demand for plastics in the packaging industry particularly in the food & beverage domain. Owing to features such as moisture and corrosion resistant, plastics are commonly used for end-level packing. In addition, developments in FMCG influences the dynamics in the plastic industry which in turn benefits the end-user segment. Growing standardization and increase in environmental awareness is likely to result in effective use of transparent plastics in automotive sector. For instance, there are mainly employed for packaging of automobile units and assembly of an individual vehicle. Moreover, transparent plastics results in reliable insulation and high safety. On contrary, the market is negatively influenced by the rising competition between key players is slightly disturbing the market growth.