03-Feb-17 The global rigid transparent plastics market is expected to reach US$21.64 bln by 2021, to register CAGR of close to 6% during the forecast period, as per Technavio. The rigid transparent plastics markets in emerging economies such as China, Brazil, and India are expected to experience high growth. This growth will be driven by favorable government policies towards these plastics due to their eco-friendly and reusable nature.
Based on product type, the report categorizes the global transparent plastics market into the following segments:
The top four revenue-generating product segments in the global rigid transparent thermoplastics market are discussed below:
Polycarbonate (PC): “Polycarbonate has exceptional optical clarity, dimensional stability, electrical resistance, toughness, and high heat resistance. These properties makes it suitable for usage in industries such as construction, automotive, transportation, consumer goods, packaging, and medical devices,” says Ajay Adikari, one of the lead analysts at Technavio for plastics, polymers, and elastomers research. The global rigid transparent plastics market for polycarbonate was valued at US$5.50 bln in 2016 is expected to grow at a CAGR of over 7% during the forecast period. APAC is emerging as the largest market for polycarbonate, due to the relocation of end-use industries to the region owing to the easy availability of raw materials and low labor cost.
Polystyrene (PS): Polystyrene is a stiff and solid plastic produced by the polymerization of styrene. It is environmentally-friendly and low-priced, which makes it suitable to be used in the packaging, construction, and electronic industries. The market segment has enormous potential to grow in developing economies such as Brazil, China, India, and Russia, due to increase in demand for consumer products with a rise in population.
Poly-methyl methacrylate (PMMA): PMMA is a rigid and transparent plastic used in skylights, shatterproof windows, aircraft canopies, and illuminated signs. It is slowly gaining popularity in optoelectronics, automotive, building and construction, and packaging applications. “There is a high demand for electronic products in countries such as South Korea, Taiwan, and China, which is likely to create additional need for PMMA during the forecast period. APAC is the most attractive market for this segment owing to relaxed emission regulations and cheap availability of technology and labor,” says Ajay.
Styrene acrylonitrile (SAN) and acrylonitrile butadiene styrene (ABS): Styrene acrylonitrile is a copolymer comprising of styrene and acrylonitrile, which has high chemical resistance, high transparency, good dimensional stability, high rigidity, high processability, and high heat resistance. They are widely used in automotive, packaging, houseware, and industrial applications. Butadiene-styrene has high transparency, good dimensional stability, and high processability. It finds utility in applications such as appliances, electrical products, automotive, consumer, construction, and others. The increasing investments towards R&D of innovative and high-quality ABS products are expected to drive the market.
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