Overview:

The global opaque polymer market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Opaque polymers are pigments with hollow spheres. These pigments have wide applications in paints and a coating and are used in order to improve hiding properties and whiteness of the latter.

Opaque polymers are primarily used for filling up and hiding gaps in paints and coatings. Also, are used in the production of paints as well as coatings by providing benefits such as improved resistance to dirt coupled with film durability. Opaque polymers are utilized in the formulations of solvent as well as water based paints and coatings.

Market Dynamics:

Growing demand for opaque polymer in the construction industry for architectural paints is a major factor driving growth of the global opaque polymer market. Also, increasing prices of titanium oxide pigments, along with growing infrastructural developments especially in the developing economies are factors anticipated to fuel growth of the global market.

In addition, opaque polymers are widely used in various applications including paints and coatings formulations, manufacturing of the detergents, and in personal and home care products owing to benefits offered by them over counterparts. This is a key factor further supporting growth of the target market.

Moreover, cost-efficiency of opaque polymer over titanium dioxide is a major factor fueling growth of the global opaque polymer market. However, fluctuating raw material cost and availability of substitute products in the market are key factors hindering growth of the global opaque polymer market to a certain extent.

Key Trends:

Growing focus on production capacity enhancement among key companies to cater the growing demand of opaque polymers is a key trend expected to drive growth of the global opaque polymer market. For instance, in October 2017, Arkema S.A. has opened a new production plant in Gujrat, India, with a view to expand its production capacities and grab the major share of growing paint industry in India.

Regional Analysis:

For detailed understanding of market dynamics, the global opaque polymer market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific holds major market share in the global market and is expected to maintain its dominance over the forecast period. This is owing to wide presence of end use industries including paint & coating and detergent industry. In addition, growing demand for decorative paint in construction sector for new construction and renovation applications is resulting in growth of the target product in countries in the region.

The Europe holds second largest market share, closely followed by North America in the global market. Increasing demand for personal care products and presence of key automotive manufacturers in these regions are major factors supporting growth of the target market in these regions.

Scope of the Report:

Detailed Segmentation:

Global Opaque Polymer Market, By Type:

• Solid Content 30%
• Solid Content 40%

Global Opaque Polymer Market, By Application:

• Paints & Coatings
• Detergents
• Personal Care

Key Players Covered:

Key players operating in the global opaque polymer market include, The Dow Chemical Company, Croda International plc, Zschimmer & Schwarz Inc., Organik Kimya San. Tic. A.S., INDULOR Chemie GmbH, Visen Industries Ltd., Arkema S.A., Ashland Global Specialty Chemicals Inc., Hankuck Latices Co. Ltd., and Interpolymer Corporation.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Opaque Polymer Market by type, application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global opaque polymer market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.