World News: 09:08 GMT Tuesday 14th January 2020. [Research and Markets via Globe Newswire via SPi World News]
Dublin, Jan. 14, 2020 (GLOBE NEWSWIRE) -- The report has been added to offering. The Global Transparent Plastics market accounted for $112.75 billion in 2018 and is expected to reach $229.1 billion by 2027 growing at a CAGR of 8.2% during the forecast period.Some of the key factors propelling the market growth improved shelf-life of packaged food products and ease of customization. However, environmental pollution due to the low biodegradability of plastics and rising demand for eco-friendly packaging materials are the restraining factor for the growth of the market.By type, rigid transparent plastics segment is likely to have a huge demand due to the nature of the blend, its physical properties, and simplicity of consumption; they are utilized in different applications, for example, electrical & electronics, building & construction, automotive, appliances, packaging, medical, etc.On the basis of geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due to the growing application in packaging, construction, automobile, electronics, consumer goods, and other different industries. Pollution caused due to low degradability of plastics and rising requirement for eco-friendly packaging materials in the region are driving the market growth.Some of the key players in Transparent Plastics Market include Arkema S.A., Asahi Kasei Corporation, BASF SE, Chi Mei Corporation, Covestro, Denka Company Limited, E. I. Du Pont De Nemours and Company, Eastman Chemical Company, Evonik Industries AG, INEOS, LANXESS AG, LG Chem, Lyondellbasell Industries Holdings B.V., PPG Industries, SABIC, Teijin Limited, The Dow Chemical Company and Trinse- S.A.
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Globe Newswire: 09:08 GMT Tuesday 14th January 2020
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