Opaque Polymers Market Research, 2031
The global opaque polymers market size was valued at $2.4 billion in 2021, and is projected to reach $6.5 billion by 2031, growing at a CAGR of 10.5% from 2022 to 2031.
Opaque polymer is a non-film forming aqueous emulsion polymer that contributes to the reduction of raw material costs in trade sales coatings by augmenting the concealing supplied by the main pigment. An opaque polymer can improve the performance of both interior and exterior paints. It becomes less susceptible to cleaning damage by substituting opaque polymers for some of the titanium dioxide and pigment extender in an interior paint. Opaque polymers can be utilized to partially replace TiO2 in solvent-borne architectural alkyd formulations. Opaque polymers effectively scatter visible light, providing whiteness, brightness, and opacity when integrated into a coating.
Rise in demand for architectural paints & coatings industry is one of the major key factors predicted to drive the growth of the opaque polymers market during the forecast period. Further, personal care products containing opaque polymers are used on the skin, nails, hair, lips, and external genital organs, as well as oral hygiene such as teeth and oral mucous membrane. Opaque polymers personal care solutions fight ageing by eliminating lines and wrinkles and giving skin a youthful appearance. Soaps and shampoos, as well as moisturizer, toothpaste, facial tissue, cleaning pods, shaving creams, lotions, and other personal care items are made from opaque polymers. Thus, surge in demand for opaque polymers in personal care industry is another vital factor anticipated to propel the market growth during the forecast period.
However, availability of substitute is anticipated to hamper the growth of the opaque polymers market. On the contrary, growth of building & construction industry is expected to generate lucrative opportunities for the global opaque polymers industry. Opaque polymers are used in building and construction in sectors such as flooring, windows, cladding, rainwater, pipes, membranes, seals, glazing, insulation, and signs. Opaque polymers are also used in building and construction for plastics, rubbers, thermoplastic elastomers, adhesives, foams, paints, and sealants. The growing use of opaque polymers in the construction industry is due to their superior properties when compared to inorganic materials, such as waterproofing, anticorrosion, wear resistance, lightweight, good strength, sound insulation, heat insulation, good electrical insulation, and bright colors.
The opaque polymers market is segmented into application and region. On the basis of application, the market is categorized into paints and coatings, personal care, detergents, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. The opaque polymers market share is analyzed across all significant regions and countries.
The major players operating in the global opaque polymers market include Arkema S.A., Ashland Global Holdings Inc, Cray Valley,Croda International Plc, En-Tech Polymer Co.Ltd, Esaar International, Junneng Chemicals, Hankuck Latices Co. Ltd., Organik Kimya, Paras Enterprises, Shrayans Coating Ltd., Visen Industries Limited, Opaque Ceramics, The Dow Chemicals Company and Zschimmer & Schwarz Chemie GmbH.
Asia-Pacific is projected to register a robust growth during the forecast period
By Region
Asia-Pacific is projected to register a robust growth during the forecast period. In Asia-Pacific, there is an increase in the number of updated products with improved efficacy, growth in retail sector, and steady investments by international industry participants. The use of opaque polymers in personal care in adult and newborn skin care products is becoming more popular. Further, China dominates the East Asian personal care product industry and personal care sales in China are mostly driven by Korean and Japanese companies, which account for over half of the entire Chinese beauty product market share. Thus, increasing demand for personal care products is expected to boost the Asia-Pacific opaque polymers market growth during the forecast period.
Paints and Coatings segment dominated the global opaque polymers market in 2021
By Application
Paints and Coatings segment dominated the global opaque polymers market in 2021. Opaque polymers paint is used to shield various buildings and structures from the impacts of water and sunlight. Abrasion and wear-resistant paints and coatings, high-temperature paints and coatings, intumescent coatings, and water-resistant coatings are often utilized in opaque polymers paint and coating products. Thus, increasing demand for paints and coatings along with the growing demand for decorative paints is expected to boost the market of opaque polymers during the forecast period.
COVID-19 Analysis:
The COVID-19 pandemic had moderate impact on the opaque polymers market. It also had an influence on the supply of paints and coating as well as the import and export of personal care products. COVID-19 negatively impacted the paints and coating industry. For instance, paint and coatings industry reported a loss of $61.58 million, a 2.1 % decrease year on year, thereby reducing demand for opaque polymers. However, as markets gradually opened, production units of paints and coatings has begun to develop, and it is expected to reach $184 billion by 2021. This is expected to surge the demand for opaque polymers during the pandemic and in future.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the opaque polymers market analysis from 2021 to 2031 to identify the prevailing opaque polymers market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the opaque polymers market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global opaque polymers market trends, key players, market segments, application areas, and market growth strategies.
Opaque Polymers Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 6.5 billion |
 Growth Rate | CAGR of 10.5% |
 Forecast period | 2021 - 2031 |
 Report Pages | 168 |
 By Application |
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 By Region |
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 Key Market Players | Hankuck Latices Co. Ltd., Esaar International, Visen Industries Limited, Ashland Global Holdings Inc., Croda International Plc, Junneng Chemicals, Opaque Ceramics, Cray Valley, Zschimmer and Schwarz Chemie Gmbh, Arkema, Shrayan Coating Ltd., Organik Kimya, En-Tech Polymer Co. Ltd., Paras Enterprises, The Dow Chemicals Company |
Analyst Review
According to the perspective of the CXOs of leading companies, the opaque polymers market is anticipated to grow in near future due to its extensive use in applications such as Paints and Coatings, personal care, detergents and others. Opaque polymers are used in architectural paints and coatings for residential construction, which primarily comprise architectural and functional items such as paints, stains, lacquers, primers, and cleansers. Architectural paints and coatings containing opaque polymers are used on many portions of buildings and are categorized as external wall, interior wall, ceiling, floor, and roof waterproof coatings, among others.
Also, increasing demand from personal care industry is expected to drive the market growth during the forecast period. Opaque polymers in personal care products fight ageing by eliminating lines and wrinkles and giving skin a youthful appearance. Soaps and shampoos, as well as moisturizer, toothpaste, facial tissue, cleaning pods, shaving creams, lotions, and other personal care items are made from opaque polymers. However, availability of substitute is projected to hinder the market growth. The Asia-Pacific region is projected to register a robust growth during the forecast period.
The opaque polymers market was valued at $2.4 billion in 2021, and is projected to reach $6.5 billion by 2031, growing at a CAGR of 10.5% from 2022 to 2031.
Asia-Pacific is the largest regional market for Opaque Polymers.
Paints and coatings is the leading application of Opaque Polymers Market.
Growing applications of Opaque Polymers in various industries such as personal care, detergents coupled with increasing demand from paints and coatings industry are the key drivers for Opaque Polymers Market in the world.
Top companies to hold the market share in Opaque Polymers include Arkema S.A., Ashland Global Holdings Inc, Cray Valley, Croda International Plc, En-Tech Polymer Co.Ltd, Esaar International, Junneng Chemicals, Hankuck Latices Co. Ltd., Organik Kimya, Paras Enterprises, Shrayans Coating Ltd., Visen Industries Limited, Opaque Ceramics, The Dow Chemicals Company and Zschimmer & Schwarz Chemie GmbH.
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