Market Size of Opaque Polymer Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 9.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Opaque Polymers Market Analysis
The market for opaque polymer is expected to grow at a CAGR of more than9%globallyduringthe forecast period.
- High cost and increasing need for scattering efficiency in titanium dioxide pigment, along with rising demand for architectural paints & coatings are driving the market growth.
- Less hiding powder of opaque polymer than titanium dioxide is expected to hinder the market growth.
Opaque Polymers Industry Segmentation
The Opaque Polymer Market report include:
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Paints & Coatings | |
Cosmetics & Personal Care | |
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Opaque Polymer Market Size Summary
The opaque polymers market is poised for substantial growth, driven by the increasing demand for architectural paints and coatings. These polymers serve as efficient alternatives to titanium dioxide, offering improved hiding and whiteness in paint formulations while reducing costs. The growing production of paints and coatings, fueled by demand from the construction, transportation, and consumer goods sectors, is a key factor propelling market expansion. Companies like BASF, Nippon Paint, and Akzo Nobel are expanding their production capacities to meet this rising demand, further supporting the market's growth trajectory. Despite the advantages, the market faces challenges due to the lower hiding power of opaque polymers compared to titanium dioxide, which could hinder growth.
Regionally, North America is expected to experience significant growth, particularly in the United States and Canada, where the demand for opaque polymers is bolstered by the robust paints and coatings industry. The United States, with its major manufacturers and substantial shipments of architectural and industrial coatings, plays a pivotal role in this growth. Similarly, Canada's thriving paint and coatings sector contributes to the regional demand. The global opaque polymer market is characterized by consolidation, with major players like Arkema, Ashland, Dow, Zschimmer & Schwarz, and Organik Kimya dominating the landscape. These companies' strategic expansions and product line enhancements are anticipated to drive the market forward in the coming years.
Opaque Polymer Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 High Cost and Increasing Need for Scattering Efficiency in Titanium Dioxide Pigment
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1.1.2 Rising Demand for Architectural Paints & Coatings
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1.2 Restraints
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1.2.1 Less Hiding Power than Titanium Dioxide
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Application
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2.1.1 Paints & Coatings
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2.1.2 Cosmetics & Personal Care
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2.1.3 Detergents
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2.2 Geography
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2.2.1 Asia-Pacific
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2.2.1.1 China
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2.2.1.2 India
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2.2.1.3 Japan
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2.2.1.4 South Korea
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2.2.1.5 Rest of Asia-Pacific
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2.2.2 North America
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2.2.2.1 United States
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2.2.2.2 Canada
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2.2.2.3 Rest of North America
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2.2.3 Europe
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2.2.3.1 Germany
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2.2.3.2 United Kingdom
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2.2.3.3 Spain
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2.2.3.4 Italy
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2.2.3.5 Rest of Europe
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2.2.4 Rest of the World
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2.2.4.1 South America
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2.2.4.2 Middle-East and Africa
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Opaque Polymer Market Size FAQs
What is the current Opaque Polymer Market size?
The Opaque Polymer Market is projected to register a CAGR of greater than 9% during the forecast period (2024-2029)
Who are the key players in Opaque Polymer Market?
Arkema, Ashland, Dow, Zschimmer & Schwarz and Organik Kimya are the major companies operating in the Opaque Polymer Market.