Global rigid transparent plastic market forecast to total revenues of US$25.2Bn in 2018
Rigid Transparent Plastics: Global Markets Outside North America - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-29 02:30:05
The global rigid transparent plastic market reached $18 billion in 2012. This market is expected to grow to $19.1 billion in 2013 and nearly $25.2 billion in 2018, with a compound annual growth rate (CAGR) of 5.7% for the five-year period, 2013 to 2018.
Polycarbonate (PC) is the world’s largest rigid transparent plastics sector in terms of value. This segment is expected to increase from $5.9 billion in 2013 to nearly $8.3 billion by 2018, with a CAGR of 6.8% for the period of 2013 to 2018.
Poly-methyl methacrylate (PMMA) is expected to grow from $4.2 billion in 2013 to nearly $5.6 billion by 2018, with a CAGR of 5.9% for the period of 2013 to 2018.
The global rigid transparent plastic market was valued at $18 billion in 2012 and is expected to reach $19.1 billion in 2013. BCC Research projects the market to grow to nearly $25.2 billion by 2018, and register a five-year compound annual growth rate of 5.7% from 2013 to 2018.
After recovering from the economic downturn caused by the global financial crisis, the rigid transparent plastics market rebounded in 2010. Indeed, with applications in a range of industries, including healthcare, automotive, construction, electronics, and household goods, some sectors of this market are predicted to experience relatively brisk growth in this five-year period, while others will record slow growth.
The rigid transparent plastics market comprises thermoplastics such as polycarbonate (PC), polypropylene (PP), polyvinyl chloride (PVC), polystyrene (PS), acrylonitrile butadiene styrene (ABS), poly-methyl methacrylate (PMMA), styrene block copolymers (SBC), styrene methylmethacrylate (SMMA), cellulosic, polyamide (PA), and polyethylene terephthalate (PET). The two largest markets include the PC market, PC, PMMA, PS, ABS, PVC, PP, etc., the largest market, in both value terms and volume terms, and the Chinese market. Among the regions addressed in this report (China, Asia, Europe, South America, and ROW), China is by far the largest regional market for rigid transparent plastics. BCC Research expects the Chinese market to continue to grow and increase its market share from 2013 through 2018.
Significant trends in this market include mergers and restructuring, expansion of oil and chemical producers through the industrial chain, raw material replacement, improvement of production efficiency, and breakthrough resin or raw material technologies. Other trends include emission regulatory laws and solutions for environmental issues. All of these factors will shape consistent growth in this market for the foreseeable future.
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