Exactitude Consultancy Press Release 2023: Opaque Polymers Market

Due to increase in the prices of TiO2 pigments and rise in demand for decorative and architectural paints & coatings worldwide opaque polymers market will be increasing.

The Opaque Polymers is expected to grow at 10.8% CAGR from 2022 to 2029. It is expected to reach above USD 5.59 billion by 2029 from USD 2.22 billion in 2020.

In order to reduce the cost of raw materials for trade sales coatings, Opaque polymer, an aqueous emulsion polymer that doesn’t form films, enhances the concealment provided by the primary pigment. An opaque polymer can improve the performance of paints used both indoors and outside. 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 partially replace TiO2 in solvent-borne architectural alkyd compositions. 

The primary forces behind this expansion are an increase in the cost of TiO2 pigments and a rise in demand for decorative and architectural paints and coatings. Obscure polymers based on styrene acrylic are increasingly being used to make paints and varnishes. Due to the rising demand for decorative and architectural paints in the building industry, the market for opaque polymers is growing. Over the past few years, usage of opaque polymers has increased in both industrialised and developing countries.

Rise in demand for architectural paints & coatings industry is considered as the growth of opaque polymers market.

The rise in demand for architectural paints and coatings is one of the key factors anticipated to fuel the expansion of the Opaque Polymers Market over the anticipated time frame. Along with using oral hygiene products on the teeth and oral mucosa, opaque polymer-containing personal care products are also used on the skin, lips, nails, hair, and external genital organs. Opacifying polymers found in personal care products delay the signs of ageing by removing wrinkles and creases and giving skin a youthful appearance. In addition to moisturiser, toothpaste, face tissues, lotions, and other personal care goods, opaque polymers are used to create soaps, shampoos, and other household products.

Explore 188 Market Data Tables Spread Through Nearly 125 Pages and In-Depth Analysis on “Opaque Polymers Market” by Type (Solid Content 30%, Solid Content 40%), by Application (Paints & Coatings, Personal Care, Detergents) and Region, Global Trends and Forecast from 2022 to 2029.” With Table of Contents

Fluctuation in the prices of raw materials prices is likely to be restraining factor in opaque polymers market.

A few of the micro- and macroeconomic variables that affect the price of raw materials are the GDP, inflation, employment rate, and currency exchange rate. While the main causes of micro- and macroeconomic forces are trade disputes, poor environmental conditions, virus infections, and international geopolitical conflicts between nations. These factors contribute to the disruption of the global supply chain and logistics. Due to this disruption, raw material prices will rise, which will also have a bad impact on demand and influence the entire market.

Growth of building & construction industry is expected to generate lucrative opportunities for the global opaque polymers industry.

It is anticipated that the growth of the building and construction industry would create lucrative prospects for the market for opaque polymers worldwide. Applications for opaque polymers in building and construction include flooring, windows, cladding, rainwater, pipes, membranes, seals, glazing, insulation, and signage. For use in paints, sealants, adhesives, foams, paints, and thermoplastic elastomers, the building and construction industries also use opaque polymers. The construction industry is using opaque polymers more and more due to they have advantages over inorganic materials, such as waterproofing, anticorrosion, wear resistance, lightweight, good strength, sound insulation, heat insulation, good electrical insulation, and vibrant colours.

Asia Pacific region is expected to show higher opaque polymers market growth in the forecast period.

Asia-Pacific is predicted to increase rapidly during the projection period. The number of updated products with improved efficacy is increasing, the retail business is growing, and international industry players are constantly raising their investment levels in Asia-Pacific. In personal care products for both adults and newborns, opaque polymers are becoming more and more common.

The COVID-19 pandemic had moderate impact on the opaque polymers market.

The COVID-19 pandemic had no impact on the opaque polymer industry. The supply of paints and coatings was impacted, in addition to the import and export of personal care products. COVID-19 had a negative impact on the paints and coatings industry. For instance, the market for opaque polymers declined as the paint and coatings company suffered a USD 61.58 million loss, a 2.1% year-over-year fall. The market for paints and coatings is expected to reach USD 184 billion in value by 2021, yet as markets grew, production units for those products also grew. It is projected that this would result in rising demand for opaque polymers in the present and the future.

Opaque Polymers Market Players

The Opaque Polymers Market key players includes The DOW Chemical Company, Arkema, Ashland Global Holdings Inc., Interpolymer Corporation, Organik Kimya A.S., Croda International PLC, En-Tech Polymer Co., Ltd., Hankuck Latices Co., Ltd., Indulor Chemie GmbH, Visen Industries Limited.

Key Market Segments: Opaque Polymers Market

Opaque polymers Market By Type, 2020-2029, (USD Billion), (Kilotons).

• Solid Content 30%
• Solid Content 40%

Opaque polymers Market By Application, 2020-2029, (USD Billion), (Kilotons).

• Paints & Coatings
• Personal Care
• Detergents

Opaque polymers Market by Region, 2020-2029, (USD Billion), (Kilotons).

• North America
• Asia Pacific
• Europe
• South America
• Middle East And Africa

Important Countries In All Regions Are Covered.

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