This “Rigid Transparent Plastics Market” report provides a detailed study on market and how it is impacting the industry. The report includes details of emerging trends, growth history, sales channel, manufacturers profiled in business, market share of product, application and regional scope of industry. In addition, the report also mentions opportunities that manufacturers operating in the global Rigid Transparent Plastics market can use for expanding their business in untapped market to increase their customer base.
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Rigid Transparent Plastics Market Covers Manufacturers:
Scope of the Report:
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Key Market Trends:
Increasing Demand from Automotive Industry
– The automotive segment of the market studied has been growing in the past few years. In 2017, the global automotive sales registered a growth of 2.4% annually and is expeced to increase in the upcoming years.
– A further moderate growth in the coming years is supported by the ongoing strengths in key economies, solid labor market, rising disposable income of people, and low interest rates. Asia-Pacific is one the fastest-growing markets for the automotive industry, with India and China being the two fastest-growing markets in the region.
– Rigid transparent polycarbonate has been extensively used in numerous automotive and transportation applications. Some of the applications in the aforementioned sectors include automotive lighting, head lamp lenses, and others.
– Growing demand for lightweight materials in the automotive industry, in order to provide increased efficiency and design flexibility, is primarily responsible for the growth of the rigid transparent plastic market.
– Factors, such as growing automotive production and sales, coupled with increasing number of automotive OEM manufacturers, are expected to drive the market in Asia-Pacific. North America is witnessing a huge demand for automobiles, driven by the growing consumer preference for high-quality, fuel-efficient automobiles.
– Furthermore, presence of automotive manufacturing giants in the European region, along with huge investments made in automotive R&D sector by companies, as well as the governments, are propelling the growth of the rigid transparent plastics market.
Germany to dominate Europe region
– In Europe, Germany represents the largest economy and it is the fifth-largest economy in the world in terms of GDP. The growth of automotive, healthcare, and construction & building sectors in the country have contributed largely toward the increase in demand for rigid transparent plastics.
– Moreover, the electronics & telecommunication sector is also growing, with the increase in the use of IT services in almost all industries throughout the country. With an increase in use of consumer electronics, the demand for rigid transparent plastics is expected to rise gradually in the country.
– Germany witnessed an increase of over 15% in the new residential building permits in 2017, and this growth trend is expected to continue, owing to the growing demand for real estate, growing population, increased job security, and low borrowing costs.
– Hence, with the booming housing market and real estate demand, the construction & building industry is expected to grow rapidly, in turn, increasing the market for rigid transparent plastics in the country.
– Additionally, In Europe, Germany holds the largest healthcare market. The annual expenditure on health in the country is estimated to be more than EUR 320 billion, excluding fitness and wellness.
– The demographic change and digitalization, the country has been investing in mobile healthcare facilities and is expected to grow by over EUR 3 billion in 2018, thereby, providing a platform to further expand the German healthcare sector.
– Above mentioned factors are driving the market for rigid transparent plastics in the country.
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Target Audience of Rigid Transparent Plastics Market:
- Manufacturer / Potential Investors
- Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
- Association and government bodies.
Key Reasons to Rigid Transparent Plastics Market Report:
- Analyzing various perspectives of the Rigid Transparent Plastics market with the help of Porter’s five forces analysis
- The End User that is expected to dominate the Rigid Transparent Plastics market is analyzed in detail
- The regions which are expected to witness fastest growth during the forecast period are analyzed and estimated for growth of Rigid Transparent Plastics market.
- Identify the latest developments, market shares and strategies employed by the major market players.
- Regional analysis of Rigid Transparent Plastics market studied, during the forecast period
- The segments that are expected to dominate the Rigid Transparent Plastics market studied.
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