Opaque polymer is a styrene acrylic copolymer mixture that provides opacity to emulsion paints. It functions as a partial replacement for titanium dioxide (TiO2) and possess excellent hiding and color retention properties due to which, these polymers are widely used by paints & coatings manufacturers. Opaque polymers are also being widely used in personal care products and detergents to impart a translucent to milky and lot-ionized appearance with uniform opacity to formulations. The global Opaque Polymer Market is estimated to value at around US$ 1.5 Bn in 2018, and is expected to register a CAGR of 9.7%.
Global Opaque Polymer Market Dynamics:
Opaque polymers are used in architectural solvent-borne alkyd paints, owing to various benefits, including imparting higher resistance as compared to counterparts and substitutes, to solvents that are used in the formulation in order to retain its particle integrity. In addition, the use of opaque polymers can enable significant reduction in usage of Titanium dioxide (TiO2) while maintaining opacity. Furthermore, rapidly growing construction industry is leading to increasing demand for decorative and architectural paints which in turn is expected to boost growth of global opaque polymer market over the forecast period.
Increasing adoption and preference for opaque polymers, owing to the higher prices of TiO2 coupled with growing demand for opaque polymers from various end use industries are factors expected to drive growth of the global opaque polymer market over the forecast period. In addition, increasing penetration in developing economies is some among other factor expected to boost growth of the global opaque polymer market over the forecast period.
Global Opaque Polymer Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global opaque polymer market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global opaque polymer market is expected to expand at a CAGR of 9.7% during the forecast period.
Global Opaque Polymer Market: Segmental Snapshot
The market report has been segmented on the basis of type, application, and region. The type segment includes solid content 30% and solid content 40%. The application segment includes painting and coating, detergents, and personal care. The regions covered in the analysis are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
By Type: The solid content 30% segment type segment is expected to register highest CAGR of over 9.5% over the forecast period.
By Application: The painting and coating segment is expected to register highest CAGR of over 10% over the forecast period.
By Region: The market in Asia Pacific is expected to register highest CAGR of over 10% over the forecast period.
Global Opaque Polymer Market: Competitive Analysis
The research report on the global opaque polymer market includes profiles of some of major companies such as DowDuPont Inc. (E. I. du Pont de Nemours and Company and The Dow Chemical Co.), Arkema S.A., Ashland Global Holdings Inc., ZSCHIMMER & SCHWARZ Holding GmbH & Co KG, Junneng Chemicals, HANKUCK LATICES CO., LTD., Visen Industries Limited, and Indulor Chemie GmbH.
The Global Opaque Polymer Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2018–2027 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global opaque polymer market for 2018–2027.
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