The Report “Global Rigid Transparent Plastics Market by Polymer Type (Polycarbonate, Polymethyl Methacrylate, Polystyrene, Styrene Block Copolymers, and Others), by Application (Building & Construction, Automotive, Appliances, Electrical & Electronics, Medical, and Others), by Geography – Global Forecast to 2019” is estimated to reach $4.41 billion by 2019, at a CAGR of 6.8% from 2014 to 2019.
Browse through the TOC of the Global Rigid Transparent Plastics Market for an analysis of industry trends and segments, with the help of various tables and figures.
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In comparison to glass, rigid transparent plastics are more durable which makes it an ideal material required by various applications. Feasible properties such as good chemical resistance, durable, brittle, excellent impact resistance, good weather resistance and other such properties make rigid transparent plastics a preferred material by the manufacturers of various end user industries, such as automotive, building & construction, electrical & electronics, and so on. Various factors like preference of rigid transparent plastics over other materials such as glass and metals, growing demand from the manufacturers of the various end user industries, and recyclability of rigid transparent plastics are driving the demand of the rigid transparent plastics market.
The global rigid transparent plastics market has been segmented on the basis of polymer type, application, and geography. The application segment has been further segmented into building & construction, electrical & electronics, automotive, appliances, medical, packaging, and others. In 2014, building & construction was the largest application segment with a market share of 22.9% in the global rigid transparent plastics market. This segment is projected to grow at a CAGR of 4.4% from 2014 to 2019. The electrical & electronics application segment was the second-largest, with 20.8% market share, and is expected to grow at a CAGR of 5.0% during the forecast period.
In terms of polymer type, the polycarbonate and polystyrene segments are the major segments in the global rigid transparent plastics market, followed by PMMA. The polycarbonate segment contributed a share of 48.1% to this market in 2014. It is projected to grow at a CAGR of 5.3% from 2014 to 2019. The polystyrene segment contributed a share of 34.1% and is expected to grow at a CAGR of 3.4% during the forecast period. The geography segment includes Asia-Pacific, North America, Europe, and Rest of the World (RoW). The Asia-Pacific region constituted 55.8% of the global rigid transparent plastics market, and the market of this region is projected to grow at a CAGR of 5.4% from 2014 to 2019.
New product launches and agreements are the key growth strategies adopted by the key players in this market. Manufacturing companies and end-product manufacturers infuse high investments for future advancements and technology modifications to match the ever growing demands coming from various end user industries.
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