The global transparent plastics market is projected to register CAGR of 6.4% from 2015 to reach a market size of around US$165.2 bln by 2020, as per Research and Markets.
Transparent plastics includes nine different types of glasses- polystyrene, polycarbonate, polypropylene, polyvinyl chloride, polymethyl methacrylate, thermoplastic polyurethane, acrylonitrile butadiene styrene and styrene acrylonitrile. The global transparent plastics market is witnessing high growth because of the stringent norms & regulations, improved quality of end products, and growing demand in Asia-pacific & RoW. Transparent plastics are largely used in the packaging industry, in order to improve the shelf-life of packaged products.
The increasing building safety codes and other regulations in major markets, along with increasing demand for energy-efficient buildings are driving the market for transparent plastics. Transparent plastics have the advantage of being lightweight and cost-effective over the traditional materials used in building & construction applications. Transparent plastics are finding increasing acceptance in the building & construction industry due to their properties such as durability, aesthetics, high performance, and easy handling. Plastics provide competitive energy efficiency, aesthetics, and design flexibility compared to glass. The use of transparent plastics in the building & construction industry also results in reduced heating and cooling costs along with providing protection against extreme weather.
30-Sep-15 
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