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Opaque Polymers Market By Application: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 190 Pages
  • September 2022
  • Region: Global
  • Allied Market Research
  • ID: 5713165
The opaque polymers market was valued at $2.4 billion in 2021, and is projected to reach $6.5 biillion by 2031, growing at a CAGR of 10.5% from 2022 to 2031.

Opaque polymer is an aqueous emulsion polymer that does not form films so help to reduce raw material expenses. Opaque polymers may be used in paints and coatings for both interior and exterior applications. Rising urbanization and industrialization, as well as an increase in middle-income populations, have increased the number of residential and commercial structures.

For the purpose of analysis, the opaque polymers market scope covers segments by application and region. The report outlines the details about the use of opaque polymers in various applications, including paints and coatings, personal care, detergents, and others. Moreover, it analyzes the current market trends of opaque polymers across different regions such as North America, Europe, Asia-Pacific, and LAMEA and suggests the future growth opportunities.

The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. Value chain analysis for this industry, which includes R&D, components manufacturers, assembly, programming & testing, marketing & sales, customers, and post-sales services, is explained. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain intense competition in the industry.

In addition, the report covers profiles of key industry participants such as 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.

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.

Key Market Segments

By Application

  • Paints and Coatings
  • Personal Care
  • Detergents
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Key Market Players

  • 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
  • Shrayan Coating Ltd
  • Visen Industries Limited
  • Opaque Ceramics
  • The Dow Chemicals Company
  • Zschimmer and Schwarz Chemie Gmbh

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Value Chain Analysis
3.8. Patent Landscape

CHAPTER 4: OPAQUE POLYMERS MARKET, BY APPLICATION
4.1 Overview
4.1.1 Market size and forecast
4.2 Paints and Coatings
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Personal Care
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Detergents
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Others
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country

CHAPTER 5: OPAQUE POLYMERS MARKET, BY REGION
5.1 Overview
5.1.1 Market size and forecast
5.2 North America
5.2.1 Key trends and opportunities
5.2.2 North America Market size and forecast, by Application
5.2.3 North America Market size and forecast, by country
5.2.3.1 U.S.
5.2.3.1.1 Market size and forecast, by Application
5.2.3.2 Canada
5.2.3.2.1 Market size and forecast, by Application
5.2.3.3 Mexico
5.2.3.3.1 Market size and forecast, by Application
5.3 Europe
5.3.1 Key trends and opportunities
5.3.2 Europe Market size and forecast, by Application
5.3.3 Europe Market size and forecast, by country
5.3.3.1 Germany
5.3.3.1.1 Market size and forecast, by Application
5.3.3.2 France
5.3.3.2.1 Market size and forecast, by Application
5.3.3.3 UK
5.3.3.3.1 Market size and forecast, by Application
5.3.3.4 Spain
5.3.3.4.1 Market size and forecast, by Application
5.3.3.5 Italy
5.3.3.5.1 Market size and forecast, by Application
5.3.3.6 Rest of Europe
5.3.3.6.1 Market size and forecast, by Application
5.4 Asia-Pacific
5.4.1 Key trends and opportunities
5.4.2 Asia-Pacific Market size and forecast, by Application
5.4.3 Asia-Pacific Market size and forecast, by country
5.4.3.1 China
5.4.3.1.1 Market size and forecast, by Application
5.4.3.2 Japan
5.4.3.2.1 Market size and forecast, by Application
5.4.3.3 India
5.4.3.3.1 Market size and forecast, by Application
5.4.3.4 South Korea
5.4.3.4.1 Market size and forecast, by Application
5.4.3.5 Australia
5.4.3.5.1 Market size and forecast, by Application
5.4.3.6 Rest of Asia-Pacific
5.4.3.6.1 Market size and forecast, by Application
5.5 LAMEA
5.5.1 Key trends and opportunities
5.5.2 LAMEA Market size and forecast, by Application
5.5.3 LAMEA Market size and forecast, by country
5.5.3.1 Brazil
5.5.3.1.1 Market size and forecast, by Application
5.5.3.2 Saudi Arabia
5.5.3.2.1 Market size and forecast, by Application
5.5.3.3 South Africa
5.5.3.3.1 Market size and forecast, by Application
5.5.3.4 Rest of LAMEA
5.5.3.4.1 Market size and forecast, by Application

CHAPTER 6: COMPANY LANDSCAPE
6.1. Introduction
6.2. Top winning strategies
6.3. Product Mapping of Top 10 Player
6.4. Competitive Dashboard
6.5. Competitive Heatmap
6.6. Key developments

CHAPTER 7: COMPANY PROFILES
7.1 Arkema S. A.
7.1.1 Company overview
7.1.2 Company snapshot
7.1.3 Operating business segments
7.1.4 Product portfolio
7.1.5 Business performance
7.1.6 Key strategic moves and developments
7.2 Ashland Global Holdings Inc.
7.2.1 Company overview
7.2.2 Company snapshot
7.2.3 Operating business segments
7.2.4 Product portfolio
7.2.5 Business performance
7.2.6 Key strategic moves and developments
7.3 Cray Valley
7.3.1 Company overview
7.3.2 Company snapshot
7.3.3 Operating business segments
7.3.4 Product portfolio
7.3.5 Business performance
7.3.6 Key strategic moves and developments
7.4 Croda International plc
7.4.1 Company overview
7.4.2 Company snapshot
7.4.3 Operating business segments
7.4.4 Product portfolio
7.4.5 Business performance
7.4.6 Key strategic moves and developments
7.5 En- Tech Polymer Co Ltd
7.5.1 Company overview
7.5.2 Company snapshot
7.5.3 Operating business segments
7.5.4 Product portfolio
7.5.5 Business performance
7.5.6 Key strategic moves and developments
7.6 Esaar International
7.6.1 Company overview
7.6.2 Company snapshot
7.6.3 Operating business segments
7.6.4 Product portfolio
7.6.5 Business performance
7.6.6 Key strategic moves and developments
7.7 Junneng Chemicals
7.7.1 Company overview
7.7.2 Company snapshot
7.7.3 Operating business segments
7.7.4 Product portfolio
7.7.5 Business performance
7.7.6 Key strategic moves and developments
7.8 Hankuck Latices Co. Ltd
7.8.1 Company overview
7.8.2 Company snapshot
7.8.3 Operating business segments
7.8.4 Product portfolio
7.8.5 Business performance
7.8.6 Key strategic moves and developments
7.9 Organik Kimya
7.9.1 Company overview
7.9.2 Company snapshot
7.9.3 Operating business segments
7.9.4 Product portfolio
7.9.5 Business performance
7.9.6 Key strategic moves and developments
7.10 Paras Enterprises
7.10.1 Company overview
7.10.2 Company snapshot
7.10.3 Operating business segments
7.10.4 Product portfolio
7.10.5 Business performance
7.10.6 Key strategic moves and developments
7.11 Shrayan Coating Ltd
7.11.1 Company overview
7.11.2 Company snapshot
7.11.3 Operating business segments
7.11.4 Product portfolio
7.11.5 Business performance
7.11.6 Key strategic moves and developments
7.12 Visen Industries Limited
7.12.1 Company overview
7.12.2 Company snapshot
7.12.3 Operating business segments
7.12.4 Product portfolio
7.12.5 Business performance
7.12.6 Key strategic moves and developments
7.13 Opaque Ceramics
7.13.1 Company overview
7.13.2 Company snapshot
7.13.3 Operating business segments
7.13.4 Product portfolio
7.13.5 Business performance
7.13.6 Key strategic moves and developments
7.14 The Dow Chemicals Company
7.14.1 Company overview
7.14.2 Company snapshot
7.14.3 Operating business segments
7.14.4 Product portfolio
7.14.5 Business performance
7.14.6 Key strategic moves and developments
7.15 Zschimmer and Schwarz Chemie Gmbh
7.15.1 Company overview
7.15.2 Company snapshot
7.15.3 Operating business segments
7.15.4 Product portfolio
7.15.5 Business performance
7.15.6 Key strategic moves and developments

List of Tables
Table 1. Global Opaque Polymers Market, by Application, 2021-2031 ($Million)
Table 2. Opaque Polymers Market, for Paints and Coatings, by Region, 2021-2031 ($Million)
Table 3. Opaque Polymers Market for Paints and Coatings, by Country, 2021-2031 ($Million)
Table 4. Opaque Polymers Market, for Personal Care, by Region, 2021-2031 ($Million)
Table 5. Opaque Polymers Market for Personal Care, by Country, 2021-2031 ($Million)
Table 6. Opaque Polymers Market, for Detergents, by Region, 2021-2031 ($Million)
Table 7. Opaque Polymers Market for Detergents, by Country, 2021-2031 ($Million)
Table 8. Opaque Polymers Market, for Others, by Region, 2021-2031 ($Million)
Table 9. Opaque Polymers Market for Others, by Country, 2021-2031 ($Million)
Table 10. Opaque Polymers Market, by Region, 2021-2031 ($Million)
Table 11. North America Opaque Polymers Market, by Application, 2021-2031 ($Million)
Table 12. North America Opaque Polymers Market, by Country, 2021-2031 ($Million)
Table 13. U.S. Opaque Polymers Market, by Application, 2021-2031 ($Million)
Table 14. Canada Opaque Polymers Market, by Application, 2021-2031 ($Million)
Table 15. Mexico Opaque Polymers Market, by Application, 2021-2031 ($Million)
Table 16. Europe Opaque Polymers Market, by Application, 2021-2031 ($Million)
Table 17. Europe Opaque Polymers Market, by Country, 2021-2031 ($Million)
Table 18. Germany Opaque Polymers Market, by Application, 2021-2031 ($Million)
Table 19. France Opaque Polymers Market, by Application, 2021-2031 ($Million)
Table 20. UK Opaque Polymers Market, by Application, 2021-2031 ($Million)
Table 21. Spain Opaque Polymers Market, by Application, 2021-2031 ($Million)
Table 22. Italy Opaque Polymers Market, by Application, 2021-2031 ($Million)
Table 23. Rest of Europe Opaque Polymers Market, by Application, 2021-2031 ($Million)
Table 24. Asia-Pacific Opaque Polymers Market, by Application, 2021-2031 ($Million)
Table 25. Asia-Pacific Opaque Polymers Market, by Country, 2021-2031 ($Million)
Table 26. China Opaque Polymers Market, by Application, 2021-2031 ($Million)
Table 27. Japan Opaque Polymers Market, by Application, 2021-2031 ($Million)
Table 28. India Opaque Polymers Market, by Application, 2021-2031 ($Million)
Table 29. South Korea Opaque Polymers Market, by Application, 2021-2031 ($Million)
Table 30. Australia Opaque Polymers Market, by Application, 2021-2031 ($Million)
Table 31. Rest of Asia-Pacific Opaque Polymers Market, by Application, 2021-2031 ($Million)
Table 32. LAMEA Opaque Polymers Market, by Application, 2021-2031 ($Million)
Table 33. LAMEA Opaque Polymers Market, by Country, 2021-2031 ($Million)
Table 34. Brazil Opaque Polymers Market, by Application, 2021-2031 ($Million)
Table 35. Saudi Arabia Opaque Polymers Market, by Application, 2021-2031 ($Million)
Table 36. South Africa Opaque Polymers Market, by Application, 2021-2031 ($Million)
Table 37. Rest of LAMEA Opaque Polymers Market, by Application, 2021-2031 ($Million)
Table 38. Arkema S. A.: Company Snapshot
Table 39. Arkema S. A.: Operating Segments
Table 40. Arkema S. A.: Product Portfolio
Table 41. Arkema S. A.: Net Sales
Table 42. Arkema S. A.: Key Strategies
Table 43. Ashland Global Holdings Inc.: Company Snapshot
Table 44. Ashland Global Holdings Inc.: Operating Segments
Table 45. Ashland Global Holdings Inc.: Product Portfolio
Table 46. Ashland Global Holdings Inc.: Net Sales
Table 47. Ashland Global Holdings Inc.: Key Strategies
Table 48. Cray Valley: Company Snapshot
Table 49. Cray Valley: Operating Segments
Table 50. Cray Valley: Product Portfolio
Table 51. Cray Valley: Net Sales
Table 52. Cray Valley: Key Strategies
Table 53. Croda International PLC: Company Snapshot
Table 54. Croda International PLC: Operating Segments
Table 55. Croda International PLC: Product Portfolio
Table 56. Croda International PLC: Net Sales
Table 57. Croda International PLC: Key Strategies
Table 58. En- Tech Polymer Co Ltd.: Company Snapshot
Table 59. En- Tech Polymer Co Ltd.: Operating Segments
Table 60. En- Tech Polymer Co Ltd.: Product Portfolio
Table 61. En- Tech Polymer Co Ltd.: Net Sales
Table 62. En- Tech Polymer Co Ltd.: Key Strategies
Table 63. Esaar International: Company Snapshot
Table 64. Esaar International: Operating Segments
Table 65. Esaar International: Product Portfolio
Table 66. Esaar International: Net Sales
Table 67. Esaar International: Key Strategies
Table 68. Junneng Chemicals: Company Snapshot
Table 69. Junneng Chemicals: Operating Segments
Table 70. Junneng Chemicals: Product Portfolio
Table 71. Junneng Chemicals: Net Sales
Table 72. Junneng Chemicals: Key Strategies
Table 73. Hankuck Latices Co. Ltd.: Company Snapshot
Table 74. Hankuck Latices Co. Ltd.: Operating Segments
Table 75. Hankuck Latices Co. Ltd.: Product Portfolio
Table 76. Hankuck Latices Co. Ltd.: Net Sales
Table 77. Hankuck Latices Co. Ltd.: Key Strategies
Table 78. Organik Kimya: Company Snapshot
Table 79. Organik Kimya: Operating Segments
Table 80. Organik Kimya: Product Portfolio
Table 81. Organik Kimya: Net Sales
Table 82. Organik Kimya: Key Strategies
Table 83. Paras Enterprises: Company Snapshot
Table 84. Paras Enterprises: Operating Segments
Table 85. Paras Enterprises: Product Portfolio
Table 86. Paras Enterprises: Net Sales
Table 87. Paras Enterprises: Key Strategies
Table 88. Shrayan Coating Ltd.: Company Snapshot
Table 89. Shrayan Coating Ltd.: Operating Segments
Table 90. Shrayan Coating Ltd.: Product Portfolio
Table 91. Shrayan Coating Ltd.: Net Sales
Table 92. Shrayan Coating Ltd.: Key Strategies
Table 93. Visen Industries Limited: Company Snapshot
Table 94. Visen Industries Limited: Operating Segments
Table 95. Visen Industries Limited: Product Portfolio
Table 96. Visen Industries Limited: Net Sales
Table 97. Visen Industries Limited: Key Strategies
Table 98. Opaque Ceramics: Company Snapshot
Table 99. Opaque Ceramics: Operating Segments
Table 100. Opaque Ceramics: Product Portfolio
Table 101. Opaque Ceramics: Net Sales
Table 102. Opaque Ceramics: Key Strategies
Table 103. the Dow Chemicals Company: Company Snapshot
Table 104. the Dow Chemicals Company: Operating Segments
Table 105. the Dow Chemicals Company: Product Portfolio
Table 106. the Dow Chemicals Company: Net Sales
Table 107. the Dow Chemicals Company: Key Strategies
Table 108. Zschimmer and Schwarz Chemie GmbH: Company Snapshot
Table 109. Zschimmer and Schwarz Chemie GmbH: Operating Segments
Table 110. Zschimmer and Schwarz Chemie GmbH: Product Portfolio
Table 111. Zschimmer and Schwarz Chemie GmbH: Net Sales
Table 112. Zschimmer and Schwarz Chemie GmbH: Key Strategies

List of Figures
Figure 1. Opaque Polymers Market Segmentation
Figure 2. Opaque Polymers Market, 2021-2031
Figure 3. Opaque Polymers Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Opaque Polymers Mark.:Drivers, Restraints and Opportunities
Figure 12. Value Chain Analysis
Figure 13. Patent Analysis by Company
Figure 14. Patent Analysis by Country
Figure 15. Opaque Polymers Market, By Application, 2021(%)
Figure 16. Comparative Share Analysis of Paints and Coatings Opaque Polymers Market, 2021-2031(%)
Figure 17. Comparative Share Analysis of Personal Care Opaque Polymers Market, 2021-2031(%)
Figure 18. Comparative Share Analysis of Detergents Opaque Polymers Market, 2021-2031(%)
Figure 19. Comparative Share Analysis of Others Opaque Polymers Market, 2021-2031(%)
Figure 20. Opaque Polymers Market by Region, 2021
Figure 21. U.S. Opaque Polymers Market, 2021-2031($Million)
Figure 22. Canada Opaque Polymers Market, 2021-2031($Million)
Figure 23. Mexico Opaque Polymers Market, 2021-2031($Million)
Figure 24. Germany Opaque Polymers Market, 2021-2031($Million)
Figure 25. France Opaque Polymers Market, 2021-2031($Million)
Figure 26. Uk Opaque Polymers Market, 2021-2031($Million)
Figure 27. Spain Opaque Polymers Market, 2021-2031($Million)
Figure 28. Italy Opaque Polymers Market, 2021-2031($Million)
Figure 29. Rest of Europe Opaque Polymers Market, 2021-2031($Million)
Figure 30. China Opaque Polymers Market, 2021-2031($Million)
Figure 31. Japan Opaque Polymers Market, 2021-2031($Million)
Figure 32. India Opaque Polymers Market, 2021-2031($Million)
Figure 33. South Korea Opaque Polymers Market, 2021-2031($Million)
Figure 34. Australia Opaque Polymers Market, 2021-2031($Million)
Figure 35. Rest of Asia-Pacific Opaque Polymers Market, 2021-2031($Million)
Figure 36. Brazil Opaque Polymers Market, 2021-2031($Million)
Figure 37. Saudi Arabia Opaque Polymers Market, 2021-2031($Million)
Figure 38. South Africa Opaque Polymers Market, 2021-2031($Million)
Figure 39. Rest of LAMEA Opaque Polymers Market, 2021-2031($Million)
Figure 40. Top Winning Strategies, by Year
Figure 41. Top Winning Strategies, by Development
Figure 42. Top Winning Strategies, by Company
Figure 43. Product Mapping of Top 10 Players
Figure 44. Competitive Dashboard
Figure 45. Competitive Heatmap of Top 10 Key Players
Figure 46. Arkema S.A.: Net Sales, ($Million)
Figure 47. Ashland Global Holdings Inc.: Net Sales, ($Million)
Figure 48. Cray Valle.: Net Sales, ($Million)
Figure 49. Croda International pl.: Net Sales, ($Million)
Figure 50. En- Tech Polymer Co Lt.: Net Sales, ($Million)
Figure 51. Esaar Internationa.: Net Sales, ($Million)
Figure 52. Junneng Chemical.: Net Sales, ($Million)
Figure 53. Hankuck Latices Co. Lt.: Net Sales, ($Million)
Figure 54. Organik Kimy.: Net Sales, ($Million)
Figure 55. Paras Enterprise.: Net Sales, ($Million)
Figure 56. Shrayan Coating Lt.: Net Sales, ($Million)
Figure 57. Visen Industries Limite.: Net Sales, ($Million)
Figure 58. Opaque Ceramic.: Net Sales, ($Million)
Figure 59. The Dow Chemicals Compan.: Net Sales, ($Million)
Figure 60. Zschimmer and Schwarz Chemie Gmb.: Net Sales, ($Million)

Executive Summary

According to the report, “Opaque Polymers Market," the opaque polymers market size was valued at $2.4 billion in 2021, and is estimated to reach $6.5 billion by 2031, growing at a CAGR of 10.5% from 2022 to 2031.

Opaque polymers are particularly designed for use in paints and varnishes to increase concealing characteristics and whiteness. They are the non-film forming aqueous emulsion polymers, which contribute to lower raw material costs in trade sales coatings by augmenting the concealing offered by the main pigment. The use of opaque polymers in paint and coating formulations aids in the improvement of paint optical characteristics. The capacity of a paint to obliterate the color difference of a substrate is described as opaque polymer opacity.

Opaque polymers are extensively used in personal care and detergents. They are utilized for sphericity and particle size homogeneity, which are responsible for the ball-bearing effect in creams and lotions, resulting in a luxurious feel and smooth texture. Opaque polymers personal care products are available in particle sizes ranging from 10 to 1200 microns and are delivered as a dry powder that may be readily blended with paints, adhesives, creams, lotions, and oils. Opaque polymers personal care solutions help to fight ageing by removing lines and wrinkles and produce a younger appearance to skin.

Besides, opaque polymers are used in liquid fabric wash, detergent cake, laundry additives, industrial and institutional detergents. Spray-drying polymer dispersions generate opaque polymers particles, which are effective in liquid washing systems, offering great clarity, and cleaning efficacy. This polymer can deliver exceptional stain removal enhancing performance in laundry pretreatment systems. Opaque polymers detergents can be used for washing of clothes even if the water is hard. Essential enzymes are used in opaque polymers detergents to dissolve protein-based stains, bleaches are used to de-color stains and add power to cleaning agents, and blue dyes are used to counteract yellowing.

In addition, opaque polymers are used in home care as toileting, catheter/stoma care, house cleaning, and personal hygiene. Opaque polymers make home decors clean, protect from germs, prevent bad odor, change in appearance, and keep in good condition. In automobiles, opaque polymers are found in tires, interior and exterior parts, and engine components as they are lightweight, provide durability and wear resistance, reduce emissions, and help make driving safe.

The growth of the global opaque polymers industry is majorly attributed to rising demand from personal care industry. 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.

Further, surge in demand for architectural paints and coatings is expected to drive the market growth during the forecast period. 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.

Opaque polymers can be transparent, translucent, and opaque, based on their crystallinity, which are utilized on the exteriors and interiors of buildings, where they are commonly referred to as exterior wall coatings, external masonry coatings in wall paints, or deck finishes. Styrene acrylic-based opaque polymers are increasingly preferred for the development of paints and coatings. Opaque polymers are hollow spherical pigments used as ingredients in paint and coating formulas to provide opacity, gloss, brightness, and light scattering effects. In water-based paints and coatings, opaque polymers operate as emulsion polymers with a water-filled void. Light in the opaque polymers is efficiently dispersed due to the difference in refractive index between air and the surrounding polymer, contributing to film opacity.

However, availability of substitute is projected to hinder the expansion of the market. On the contrary, growth of building & construction industry expected to offer ample growth opportunities for the opaque polymers market.

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. Asia-Pacific is the fastest growing region with the highest CAGR. The growth is attributed to surge in demand for personal care products in the region owing to a rise in the number of updated products with improved efficacy and steady investments by international industry participants.

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.

COVID-19 Analysis:

The COVID-19 pandemic moderately impacted the opaque polymers market across the globe. Due to the COVID-19 outbreak, the health awareness among the populace has grown and the personal care industry has grown during the pandemic. Opaque polymers are in high demand in the personal care and detergents industries, which is expected to considerably increase demand for the opaque polymers market. During the pandemic, increased public knowledge about the advantages of using organic personal care is projected to foster the demand for opaque polymers globally.

Key Findings of the Study:

  • By application, the paints and coatings segment was the highest revenue contributor to the market in 2021.
  • By region, Asia-Pacific was the highest revenue contributor
  • China was the highest revenue contributor to the market in 2021, growing with a CAGR of 12.3%.
  • South Korea and Japan are expected to witness considerable CAGRs of 11.5% and 10.9%, respectively, during the forecast period.

Companies Mentioned

  • 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
  • Shrayan Coating Ltd
  • Visen Industries Limited
  • Opaque Ceramics
  • The Dow Chemicals Company
  • Zschimmer and Schwarz Chemie Gmbh

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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