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Europe and North America are the key market segments followed by Asia-Pacific. Healthy growth is anticipated in coming years for these market segments. Growing market for rigid transparent plastic can be estimated due to increase in the demand for clear grade plastics. It is already replacing glass in various applications like eyeglasses, vehicle lighting systems and more. Rigid transparent plastics are expected to replace glass in a wider range of applications in the near future because of their superiority in various parameters. In addition, technological advancement in rigid transparent plastics promises rise in its application base, leading to growth in the market demand.
Plastics are durable and do not degrade easily hence the environmental issues may hold back the market for plastics. Manufacturers are working on developing plastics that can be recycled and hence trying to reduce its impact on the environment. Various market opportunities can be anticipated for clear plastics in various applications in automotive, aerospace, electronic and medical sector in near future.
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Some of the key players in the market are BASF SE, DuPont, Dow Chemical Company, Formosa Plastics, SABIC Innovative Plastics, Sartomer USA LLC, Bayer Material Sciences, Styron LLC, Ineos Nova LLC, PPG Industries Inc., EMS Chemie North America Inc, Plaskolite Inc, and Evonik/Cyro LLC among others.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
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