TRANSPARENT PLASTICS MARKET ANALYSIS

Market News

Transparent Plastics Market Recent Developments:

New product launches

1. Evonik's Plexiglas LED: This is a new transparent plastic that is designed for use in LED lighting applications. The material offers excellent light transmission and durability, making it ideal for use in LED lighting fixtures.
2. Dow's Innate Precision Packaging Resins: This is a new range of transparent plastic resins that are designed for use in food packaging applications. The resins offer superior clarity, toughness, and puncture resistance, making them ideal for use in packaging for fresh produce and other food products.
3. SABIC's LEXAN CLINIWALL AC6200 sheet: This is a new transparent plastic sheet that is designed for use in healthcare environments. The material offers excellent light transmission and is easy to clean and sanitize, making it ideal for use in hospital and laboratory settings.
4. Covestro's Makrolon RX1805: This is a new transparent plastic that is designed for use in medical device applications. The material offers excellent biocompatibility and is easy to sterilize, making it ideal for use in medical implants and other medical devices.

Acquisition and partnerships

1. SABIC and ExxonMobil partnership: In 2020, SABIC and ExxonMobil announced a partnership to advance the development of new transparent plastics made from advanced recycling technologies. The partnership aims to address the growing demand for sustainable and circular solutions in the plastics industry.
2. Plaskolite's acquisition of Covestro's North American polycarbonate sheet manufacturing business: In 2020, Plaskolite, a leading manufacturer of acrylic and polycarbonate sheets, acquired Covestro's North American polycarbonate sheet manufacturing business. The acquisition will help Plaskolite expand its product portfolio and increase its market share in the transparent plastics market.
3. Mitsubishi Chemical's acquisition of Gevo's technology for bio-based isobutylene: In 2021, Mitsubishi Chemical Corporation acquired the exclusive license to use Gevo's technology for the production of bio-based isobutylene, a key raw material used in the production of transparent plastics. The acquisition will help Mitsubishi Chemical reduce its reliance on petroleum-based feedstocks and increase the sustainability of its operations.

Sabic's partnership with Plastic Energy: In 2021, SABIC announced a partnership with Plastic Energy, a technology company that specializes in the conversion of waste plastics into new materials. The partnership aims to develop new circular solutions for the production of transparent plastics, and to reduce the environmental impact of plastic waste.