May 05, 2020 Xherald -- The Rigid Transparent Plastic Market study provides comprehensive data on aspects of competitive intelligence, market research, strategy, planning, pricing and forecasting that enhances the understanding, scope, and application of this report.
The major key players covered in this report:
Braskem S.A. /zigman2/quotes/207347846/composite BAK -1.06% (Brazil), Chevron Corporation /zigman2/quotes/205871374/composite CVX +1.01% (U.S.), Chi Mei Corporation, China National Petroleum Corporation (Cnpc), Dow Inc. /zigman2/quotes/203121064/composite DOW -0.20% (U.S.), Eastman Chemical Company /zigman2/quotes/200039202/composite EMN +1.80% (U.S.), Exxon Mobil Corp. /zigman2/quotes/204455864/composite XOM +2.12% , Formosa Plastics Group, Hanwha Chemical Corporation, Ineos Chlorvinyls Ltd., LG Chem Ltd., LyondellBasell Industries N.V. /zigman2/quotes/200036808/composite LYB +1.76% (U.S.), Reliance Industries Ltd. (Ril), Shin-Etsu Chemical Co., Ltd. /zigman2/quotes/205813564/delayed SHECY +2.78% , Sinopec Shanghai Petrochemical Company Limited /zigman2/quotes/208385578/composite SHI -0.45% (China), etc.
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Rigid transparent plastics are available in various forms including blow-molded, injection-molded, extruded and thermoformed. It possesses various properties such as chemical resistant, shatters resistant, durable, brittle, excellent impact resistance and weather resistant. In Europe, Germany represents the largest economy and it is the fifth-largest economy in the world in terms of GDP. The growth of automotive, healthcare, and construction & building sectors in the country have contributed largely toward the increase in demand for rigid transparent plastics. Moreover, the electronics & telecommunication sector is also growing, with the increase in the use of IT services in almost all industries throughout the country. With an increase in use of consumer electronics, the demand for rigid transparent plastics is expected to rise gradually in the country. Germany witnessed an increase of over 15% in the new residential building permits, and this growth trend is expected to continue, owing to the growing demand for real estate, growing population, increased job security, and low borrowing costs.
Hence, with the booming housing market and real estate demand, the construction & building industry is expected to grow rapidly, in turn, increasing the market for rigid transparent plastics in the country. Additionally, In Europe, Germany holds the largest healthcare market. The annual expenditure on health in the country is estimated to be more than EUR 320 billion, excluding fitness and wellness. The demographic change and digitalization, the country has been investing in mobile healthcare facilities and is expected to grow by over EUR 3 billion in the near future, thereby, providing a platform to further expands the German healthcare sector. All the aforementioned factors are likely to help the market for rigid transparent plastics flourish in the packaging segment, during the forecast period.
This report segments the global Rigid Transparent Plastic Market based on Types are:
Polycarbonate, Polymethyl Methacrylate, Polystyrene, Styrene Block Copolymers, Others.
Based on Application, the global Rigid Transparent Plastic Market is Segmented into:
Building & Construction, Automotive, Appliances, Electrical & Electronics, Medical, Others.
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Regions covered By Rigid Transparent Plastic Market Report.
North America (The United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
These segments are thoroughly evaluated on an individual basis and a team of analysts has ensured to give a crystal clear idea about various lucrative segments of the industry. This detailed analysis of segmentation help in offering precise results about the markets related to the industry.
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