Opaque Polymers Market - Forecast(2023 - 2028)

Report Code: CMR 36478 Report Format: PDF + Excel

Opaque Polymer Market size is forecast to reach $4 billion by 2025, after growing at a CAGR of 9.5% during 2020-2025. Growing need to reduce cost of paint formulation is driving the demand for the opaque polymer. As opaque polymer is highly efficient that improve hiding and whiteness in paints and coatings. Besides, the growing construction and residential sector in emerging country such as China and India will further enhance the overall market demand for Opaque Polymer industry during the forecast period. 
Key Takeaways
  • Asia-Pacific dominates the Opaque Polymer market owing to increasing demand from applications such as personal care sector. 
  • The growing demand from construction sector for decorative and architectural work, is likely to aid in the growth of Opaque Polymer market share.
  • Increasing demand for cost effective and green chemical polymers will further drive the growth of opaque polymer market size.
Type of Fuel - Segment Analysis

Among the types, the solid content 30% segment is projected to grow at a higher rate over the forecast period. This growth is attributed to the rise in consumption of solid content 30% for paint formulation applications. As this type of polymer offer an increased refractive index (RI), hiding performance, and relatively good gloss. 

Application - Segment Analysis

Segmentation based on application, in 2019, the global opaque polymer market was dominated by Paints & Coatings segment and is projected to grow at a substantial rate over the forecast period. The growing residential sector and rise in trends of architectural design in the emerging economies is projected to drive the growth of this market. 

Geography - Segment Analysis

Among the regions, the APAC region is dominated the Opaque Polymer market over the forecast period with a share of more than 30%, followed by North America and Europe. The presence of emerging economies such as China and India with a large customer base is projected to drive the growth of opaque polymer market in APAC region. Furthermore, the growing urbanization, changing living standards, growing middle class income level, and rise in construction activities across the country, will propel the growth of this market.

Drivers – Opaque Polymer Market
  • Growing demand for replacement of TiO2 product
In today’s world, an essential balance is required between performance and price of a product. Opaque polymer serve the exact function of delivering high performance at a reduced cost when compared to the TiO2 product. This will lead to a wider acceptance of opaque polymer instead of TiO2 and thus, the market will grow at a steady pace for the forecast period. TiO2 is used extensively in walls, woodwork, motor car and kitchen appliances. Opaque polymers can easily replace TiO2 in these applications on the basis of price. As TiO2 prices are high than opaque polymers. For instance, according to Independent Commodity Intelligence Service (ICIS) report, in year 3rd quarter 2019, the TiO2 prices moved marginally higher in the North America region.
  • Growing R&D operations are set to push the market forward
The high competition and low product differentiation has put the major manufacturing companies to shift their focus mainly on the research and development sector. Furthermore, companies are also taking more efforts for manufacturing greener chemical products that has minimal or no impact on the environment. As a result, more efficient opaque polymers are being created which serve many functions across several applications. Consequently, the market for opaque polymers promises a robust growth. For instance, on June 2017, Dow Chemical and Koehler Paper received the U.S. Environmental Protection Agency (EPA) Presidential Green Chemistry Challenge Award for the design of greener chemicals ROPAQUE™ NT-2900 Opaque Polymer for BLUE 4EST™ Thermal Paper.

Challenges – Opaque Polymer Market
  • Fluctuation in the Prices of Raw Materials prices
There are several micro and macro-economic factors such as GDP, inflation, employment rate, and currency exchange rate are accountable for fluctuating raw material prices. Whereas, the micro and macro-economic factors are mainly driven by factors such as geo political issues between countries, trade war, unconditional climate, and viral infections. These factors are responsible for the disruption of global logistics and supply chain. This disruption will lead the raw material prices along with leave a negative impact on the demand side, due to which the overall market get affected. In present scenarios, year 2020, due to growing trade war between the US and China, and political dispute between the US, Iran, Iraq, and Saudi Arabia, the prices of crude oil and other chemical commodity prices are fluctuating.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Opaque Polymer market. In 2018, the market of Opaque Polymer has been consolidated by the top five players accounting for xx% of the share. Major players in the Opaque Polymer Market are The DOW Chemical Company Corporation, Arkema, Ashland Global Holdings Inc. Visen Industries Limited, Interpolymer Corporation, Paras Enterprises, Organik Kimya A.S. Junneng Chemical, Croda International PLC, and Hankuck Latices Co., Ltd., among others. 

Acquisitions/Technology Launches
  • In June 2018, Dow Chemical’s file a case against Organik Kimya, a Turkish company over stolen paint trade-secrets. The trade secrets has the detailed information of polymer recipes as well as manufacturing processes. Such kind of dispute not only lowers the company brand value but also leaves a negative impact on the revenue part, which I turn impacts the overall market growth.
1. Opaque Polymers Market - Overview
        1.1 Definitions and Scope
2. Opaque Polymers Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Opaque Polymers Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Opaque Polymers Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Opaque Polymers Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Opaque Polymers Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Opaque Polymers Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Opaque Polymers Market - By Product Type (Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
9. Opaque Polymers Market - By Type (Market Size -$Million / $Billion)
        9.1 Introduction 
        9.2 Solid Content 30% 
        9.3 Solid Content 40%
10. Opaque Polymers - By Application Type (Market Size -$Million / $Billion)
        10.1 Segment type Size and Market Share Analysis
        10.2 Application Revenue and Trends by type of Application
        10.3 Application Segment Analysis by Type
            10.3.1 Paints & Coatings
            10.3.2 Personal Care
            10.3.3 Detergents
11. Opaque Polymers- By Geography (Market Size -$Million / $Billion)
        11.1 Opaque Polymers Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
         Rest of North America
        11.3 Opaque Polymers- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
         Costa Rica
         Rest of South America
        11.5 Opaque Polymers- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
         Rest of Europe
        11.7 Opaque Polymers - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
         South Korea
         Hong kong
         Rest of APAC
        11.9 Opaque Polymers - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
         Saudi Arabia
            11.10.6 Africa Segment Analysis
         South Africa
         Rest of Middle East & Africa
12. Opaque Polymers Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Opaque Polymers Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Opaque Polymers Market - Key Company List by Country Premium
15. Opaque Polymers Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Arkema
        15.3 Ashland Global Holdings Inc. 
        15.4 Croda International PLC
        15.5 En-Tech Polymer Co., Ltd
        15.6 Hankuck Latices Co., Ltd.
        15.7 Indulor Chemie GmbH
        15.8 Interpolymer Corporation
        15.9 Junneng Chemical
        15.10 Organik Kimya A.S.
        15.11 Paras Enterprises
        15.12 The DOW Chemical Company
        15.13 Visen Industries Limited
        15.14 Company 13
        15.15 Company 14 & More
*Financials would be provided on a best efforts basis for private companies
16. Opaque Polymers Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Opaque Polymers Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends