Rigid Transparent Plastic Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
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COVID-19
Pandemic disrupted the entire world and affected many industries.
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Request Now !Rigid Transparent Plastic Market Analysis 2020-2027:
Rigid transparent plastic is lightweight transparent thermoplastic. It finds applications in aircraft, lighting fittings, aquariums, and others. Rigid transparent polyvinyl chloride (PVC) films are mainly used to make boxes, packing, covers, label printing, box windows, and others. These films are digitally printable & provide light transmission and high transparency.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast units | Volume (Kiloton or Ton), Value (USD Million) |
Segments covered | Polymer Type, End-user Industry |
Regions covered | North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa |
Companies covered | SABIC, Dupont, Covestro AG, BASF SE, Reliance Industries Ltd., Arkema Group, ExxonMobil Corporation, Dow Chemical Company, Formosa Plastics Corporation, Bayer CropSciences Limited, LG Chem Ltd., Eastman Chemical, Trinseo, Ineos Nova, Total Petrochemicals & Refining USA, Inc., PPG Industries Inc., EMS Chemie North America Inc., LyondellBasell Industries, Chi Mei Corp., Sinopec Group, Plaskolite Inc., Hanwha Chemical Corp., and Evonik/Cyro LLC |
COVID-19 scenario analysis:
- he rapidly growing novel coronavirus has disrupted the value chain of the market.T
- Social distancing measures and lockdown in numerous countries hindered transportation services.
- The volatility in raw material prices has increased, owing to decreased demand from the downstream section of the value chain, which is the. end-user industry
- The supply and demand market has been hindered, owing to the spread of the novel coronavirus.
- The automotive and electronics industries have witnessed decreased sales and resulted in low demand for rigid transparent plastics.
- The pharmaceutical industry is one of the essential sectors in the pandemic situation. This resulted in increased demand for numerous medicines. However, the packaging sector is facing disruption in raw material supply, owing to which the pharmaceutical sector may witness problems such as delayed supplies.
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
Volatility in the prices of raw material is a major factor that is expected to hinder the growth of the market.
Technological development in the field of rigid transplant plastics is expected to fuel the product adoption in developed regions during the forecast period However, Asia-Pacific is anticipated to offer lucrative opportunities for rigid transparent plastic manufacturers. This is attributed to the presence of developing economies such as Indonesia, India, China, and Vietnam. These countries are becoming the major consumers of packaged products such as food & beverages, medicines, mineral water, and others.
Expansion of the market
Asia-Pacific has one of the fastest-growing construction industry sectors in the world, which is a positive factor that impacts the demand for rigid transparent plastic. In addition, China has established electronics industry, automotive, and others. Moreover, growth of the pharmaceutical industry in India is one of the factors expected to boost the demand for rigid transparent plastic during the forecast period. Furthermore, expanding electronics industry in India is also surging the demand for rigid transparent plastics. This is attributed to the favorable government regulations and increase in investment from key players in India.
North America and Europe are expected to be the major contributors in the rigid transparent plastic market. This is attributed to the presence of established consumer base such as automotive, healthcare, construction, and others. North America is one of the key players in the healthcare sector, owing to which the key players operating in the market have presence in countries or considerable exports in the U.S., Canada, and Mexico.
Key segments covered:
Segments | Sub-segments |
Polymer Type |
|
End-user Industry |
|
Key benefits of the report:
- This study presents the analytical depiction of the rigid transparent plastic market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the rigid transparent plastic market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the rigid transparent plastic market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the rigid transparent market research report:
- Which are the leading market players active in the market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What are the projections for the future that would help in taking further strategic steps?
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