The rise in demand for lightweight, long-lasting packaging materials, the rising need for transparent plastic film in the food industry, and the expanding use of transparent plastics in the automobile industry are all factors contributing to the expansion of the transparent plastics market. The market is expanding as a result of the expanding usage of transparent plastics in the building sector for glazing and roofing applications.
The market size for Transparent Plastics was valued at US$ 161.2 billion in 2022, and it is expected to reach USD 214.91 billion by 2030, growing at a CAGR of 3.66% during the forecast period.
Prominent Companies in the Transparent Plastics Industry:
1. Dow Inc
Dow Inc founded in 1897 and its headquarters Midland, Michigan, United States. The company operates in 160 countries. Dow and CAS Announce Strategic Collaboration to Accelerate R&D Capabilities and Efficiency.
2. Covestro AG
Covestro AG Inc founded in 1979, and its Headquarters located in Marlborough, Massachusetts, United States. The company operates in 160 nations.
3. Eastman Chemical Company
Eastman Chemical Company was launch in 1920 and it’s headquarter located Kingsport, Tennessee, United States.it operate over 16 country.
4. SABIC
SABIC was launch in 1976 and it’s SABIC's principal corporate offices and headquarters are in Riyadh, Saudi Arabia.it operate over 50 country.
5. Arkema S.A.
Arkema S.A. was founded 2004 with its headquarters in Colombes, France. With businesses in over 55 countries. Arkema acquires a controlling stake in PI Advanced Materials. PIAM's portfolio fits perfectly with Arkema's Advanced Materials segment
6. Mitsubishi Chemical Corporation
Mitsubishi Chemical Corporation . was launch in 1933. And its headquarter - Chiyoda City, Tokyo, Japan. It operate over 80 country. The Mitsubishi Chemical Group (the MCG Group) is pleased to announce that in April 2023, it has signed an R&D collaboration agreement with TNO,
7. LG Chem Ltd.,
LG Chem Ltd. founded in 1947 and it’s headquarter located Seoul, South Korea.It operate over 130 country. In 2020 LG Chem Ltd. (LG Chem) announced that it has a plan to expand its sales from the secondary battery material business to KRW 30 trillion
*Definition- Transparent plastics have a wide range of applications in various industries, including packaging, automotive, construction, and electronics.
