Opaque Polymers Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 9.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
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Opaque Polymers Market Analysis
The market for opaque polymer is expected to grow at a CAGR of more than9%globallyduringthe forecast period.
- High cost and increasing need for scattering efficiency in titanium dioxide pigment, along with rising demand for architectural paints & coatings are driving the market growth.
- Less hiding powder of opaque polymer than titanium dioxide is expected to hinder the market growth.
Opaque Polymers Market Trends
This section covers the major market trends shaping the Opaque Polymer Market according to our research experts:
Growing Demand from Paints & Coatings Segment
- Opaque polymers are highly efficient, voided latex products that improve hiding and whiteness in paints & coatings. Its sufficient resistant to solvents used in paint formulations helps to retain particle integrity.
- Moreover, its usage allows for a significant reduction in titanium dioxide usage while maintaining opacity, which further helps to reduce the cost of paint formulation in most scenarios.
- Growing paints and coatings production is thus expected to drive the market for opaque polymers through the years to come. Various coating manufacturers across the world are increasing their production capacities or product lines to meet the increasing demand for coatings from the construction, transportation, and consumer goods industries.
- Companies such as BASF and Nippon Paint in 2019 decided to expand their production capacities of automotive paints & coatings in China and United States respectively. Other companies such as Akzo Nobel too is expanding its wood coatings production to serve the demand from the growing furniture industry.
- Additionally, other major paints & coatings manufacturers such as PPG, The Sherwin-Williams Company, and RPM International Inc. too are expanding their product lines or increasing their capacities to cater to the increasing demand in the market.
- Such aforementioned factors are expected to drive the production of paints & coatings, and hence the demand for opaque polymers through the years to come.
North America Region to Register Significant Growth in the Market
- North America region is expected to register significant growth in the global market owing to the increasing demand for opaque polymer in countries such as United States and Canada.
- United States boost some of the major manufacturers of paints & coating producers worldwide.
- In 2018, the country shipped more than USD 11.7 billion of architectural coatings, which further increased through 2019. The country further sold USD 7.7 billion of industrial coatings to customer industries. Increasing demand from the construction and transportation sector is rising the paints & coatings demand, which in turn is rising the demand for opaque polymers in the country.
- The paint and coatings industry in Canada include 230 manufacturers and nearly 3000 retail stores. According to the Canadian Paint & Coatings Association, the industry's economic output was around USD 12 billion at present. Even the printing inks production is rising in the country and companies such as INX International Ink Co. are launching newer product lines of printing inks in the country.
- Such growth in these countries are expected to drive the opaque polymer market in North America through the years to come.
Opaque Polymers Industry Overview
The global opaque polymer market is consolidated in nature with the major players dominating a significant portion of the market. Some of the major companies are Arkema, Ashland, Dow, Zschimmer & Schwarz, and Organik Kimya among others.
Opaque Polymers Market Leaders
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Arkema
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Ashland
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Dow
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Zschimmer & Schwarz
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Organik Kimya
*Disclaimer: Major Players sorted in no particular order
Opaque Polymers Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 High Cost and Increasing Need for Scattering Efficiency in Titanium Dioxide Pigment
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4.1.2 Rising Demand for Architectural Paints & Coatings
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4.2 Restraints
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4.2.1 Less Hiding Power than Titanium Dioxide
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4.2.2 Other Restraints
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4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Buyers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Application
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5.1.1 Paints & Coatings
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5.1.2 Cosmetics & Personal Care
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5.1.3 Detergents
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5.2 Geography
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5.2.1 Asia-Pacific
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5.2.1.1 China
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5.2.1.2 India
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5.2.1.3 Japan
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5.2.1.4 South Korea
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5.2.1.5 Rest of Asia-Pacific
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5.2.2 North America
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5.2.2.1 United States
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5.2.2.2 Canada
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5.2.2.3 Rest of North America
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5.2.3 Europe
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5.2.3.1 Germany
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5.2.3.2 United Kingdom
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5.2.3.3 Spain
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5.2.3.4 Italy
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5.2.3.5 Rest of Europe
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5.2.4 Rest of the World
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5.2.4.1 South America
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5.2.4.2 Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 Arkema
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6.4.2 Ashland
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6.4.3 Dow
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6.4.4 En-Tech Polymer Co.,Ltd
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6.4.5 HANKUCK LATICES Co., Ltd.
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6.4.6 Organik Kimya
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6.4.7 Paras Enterprises
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6.4.8 Pexi Chem Private Limited
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6.4.9 Visen Industries Limited
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6.4.10 Zschimmer & Schwarz
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Rising Use of Opaque Polymer in Personal Care Applications
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Opaque Polymers Industry Segmentation
The Opaque Polymer Market report include:
| Application | |
| Paints & Coatings | |
| Cosmetics & Personal Care | |
| Detergents |
| Geography | |||||||
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Opaque Polymers Market Research FAQs
What is the current Opaque Polymer Market size?
The Opaque Polymer Market is projected to register a CAGR of greater than 9% during the forecast period (2024-2029)
Who are the key players in Opaque Polymer Market?
Arkema, Ashland, Dow, Zschimmer & Schwarz and Organik Kimya are the major companies operating in the Opaque Polymer Market.
Which is the fastest growing region in Opaque Polymer Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Opaque Polymer Market?
In 2024, the Asia Pacific accounts for the largest market share in Opaque Polymer Market.
What years does this Opaque Polymer Market cover?
The report covers the Opaque Polymer Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Opaque Polymer Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Opaque Polymers Industry Report
Statistics for the 2024 Opaque Polymers market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Opaque Polymers analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
