LONDON–(BUSINESS WIRE)–#Chemicals–The rigid transparent plastics market size is poised to grow by USD 5.85 billion during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
The increasing demand for convenient packaging solutions is expected to drive the growth of the rigid transparent plastics market during the forecast period. Most vendors operating in the consumer goods market consider customer convenience to be a top priority. Factors such as the increasing population and rise in the number of working professionals have increased the demand for convenient products. Therefore, products that require minimum effort to store and transport are attracting more likely to attract consumers. Thus, there has been an increase in focus on developing packaging that helps end-users to carry and store products. Rigid transparent plastic packaging is thus a more viable alternative to conventional packaging, such as glass or metal, as it is lightweight and easy to carry.
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As per Technavio, the increasing use of rigid transparent plastics in 3D printing will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Rigid Transparent Plastics Market: Increasing Use of Rigid Transparent Plastics in 3D Printing
Rigid transparent plastics are increasingly being used as printing material because of their cost-effectiveness, durability, and chemical resistance. ABS, PC, and PP are the various rigid transparent plastics materials used in 3D printing. Products made of ABS display high durability and capacity to withstand high temperatures. Thus, ABS is used in the 3D printing of phone cases, rugged toys, and electrical enclosures. PC components are durable and resist physical impact and heat. Therefore, it is used in the 3D printing of mechanical and automotive components as well as lighting projects or screens. Thus, the growing demand for rigid transparent plastics in 3D printing applications is expected to drive the growth of the market.
“Factors such as the increasing shift toward bio-based plastics, and the rising use of PC in LED lighting will have a positive impact on the growth of the rigid transparent plastics market during the forecast period,” says a senior analyst at Technavio.
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Rigid Transparent Plastics Market: Segmentation Analysis
This market research report segments the rigid transparent plastics market by type (PC, PS, PMMA, SAN and ABS, PVC, PP, and other polymer types), application (building and construction, electrical and electronics, automotive, packaging, medical, and other applications), and geography (Americas, APAC, and EMEA).
The APAC region led the market in 2018 and is expected to maintain its dominance and register the highest incremental growth during the forecast period.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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