Opaque Polymer Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Opaque Polymer Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : June, 2020 | Chemical & Materials | PPT format

Report Digest

Opaque Polymer Market: Snapshot

The demand within the global opaque polymer market is rising on account of advancements in the constructions industry. The demand for opaque polymer majorly comes from manufacturers of wall paints and oils. Opaque polymers have replaced titanium dioxide in the manufacture of oil paints, and this factor has aided market growth. Paperboard coatings are used across a wide spectrum of industries which has also aided market growth.

The total amount of revenues in the global opaque polymer market is expected to increase in the years to come. This majorly owes to the need for opacity across multiple painting applications.

  • The popularity of opaque glasses that are coated with specialised polymer paints has played a vital role in propelling market demand. Furthermore, the quest of paint manufacturers to expand their product portfolio by including new types of paints has also propelled demand.
  • The use of opaque polymers for conducting a range of chemical experiments is another important dynamic of market growth. Increasing number of research laboratories that study polymer properties has also aided market growth.
  • Antiques and items for interior decoration are often coated with emulsion paints which has also given a thrust to the growth of the opaque polymer market.

The global opaque polymer market is growing at the back of a robust supply chain for supplying paints and distempers. The opaque polymer market in Europe is growing at a starry pace, majorly due to the popularity of wall painting in the region. The Asia Pacific opaque polymer market is expanding with increasing number of construction projects.

Widely used in formulations of emulsion paints, opaque polymers are most sought after for imparting enhanced opacity to paints and coatings. With the construction industry flourishing worldwide, especially across developing regional markets, it is more likely that opaque polymers would continue to witness substantial demand in the paints and coatings segment. Infrastructural boom, coupled with growing adoption of interior decoration products such as decorative paints and coatings, is also likely to boost the consumption volumes of opaque polymers in coming years.

New Product Launches to Gain the Limelight in Competitive Landscape

The Dow Chemical Company recently received an internationally recognized Edison Award for a few breakthrough innovations presented by the company in recent years. One of these innovations includes Dow's newly launched product in the opaque polymer category – i.e. ROPAQUE™. While this product features hollow-sphere opaque polymeric pigments, it is claimed to be a revolutionary addition to the opaque polymer landscape. With extended applications in metal, and paper and paperboards, ROPAQUE™ is projected to witness robust traction in coming years owing to a set of novel properties, including ammonia-free structure, high exterior durability, excellent scrub resistance, high compatibility with multiple extenders and pigments, low VOC (volatile organic compounds) content, and cost efficiency.

Besides Dow, the opaque polymer marketplace is witnessing active competition among some of the prominent participants in the chemical industry. A few key players competing in opaque polymer marketplace include Croda International, En-Tech Polymer, Ashland, Arkema, Indulor Chemie, Hankuck, Interpolymer Corporation, Junneng Chemicals, Organik Kimya, Latices, and Visen Industries.

Product innovation strategies of a majority of manufacturers and suppliers in opaque polymer market are centered at the development of sustainable and cost effective alternatives suitable for a wide application range. In the backdrop of rising popularity of decorative paints, and interior paints and coating products, a number of opaque polymer manufacturers are strategizing on collaborative agreements with leading paints and coatings manufacturers, especially those serving construction industry.

Construction & Infrastructure Remain Key Consumer of Opaque Polymers

Modern infrastructural designs increasingly demand gloss finish combined with whiteness, and superior optical properties, which are readily catered to by opaque polymers as they are specifically engineered to deliver improved hiding properties. This according to research will remain a significant factor bolstering consumption of opaque polymers by paints and coatings manufacturers. Escalating investment in construction and infrastructural development by governments as well as privately owned bodies is cited as another strong factor responsible to encourage the revenue growth of opaque polymer market.

Additional functional advantages of opaque polymers such as efficient insulation, reflection, superior conduction, high light absorption, and skid resistance position opaque polymers much beyond the aesthetic products contained by paints and coatings. This is more likely to translate into elevated consumption of opaque polymers for several application areas other than construction and infrastructure, such as automotive, aerospace, electronics such as PCBs and microchips, and home appliances.

Opaque Polymer Vs Titanium Oxide – What Lures Paints & Coatings Companies More?

Looking at soaring prices of Titanium Oxide (TiO2), preferred usage of opaque polymers over TiO2 allows paints and coatings manufacturers to achieve cost efficiency owing to reduced raw material pricing. Pricing uncertainty of raw materials will however remain a longstanding barrier for opaque polymer market growth, according to research.

While opaque polymers have emerged as a popular alternative to TiO2, the former’s superior properties such as dirt resistance, high film durability, and tint retention are projected to drive the opaque polymer market over coming years. High compatibility of opaque polymers with water soluble and solvent soluble paints and coatings is also cited as a significant factor bolstering their adoption over TiO2.

Will the Rise of Natural Alternatives Influence Opaque Polymer Demand?

Emergence of superior, cost effective, and naturally sourced substitutes for opaque polymers such as flash calcined kaolin has been stirring stiff competition among the both, in opaque polymer market, recently. While both of the aforementioned materials are cited as commendable scattering sources accounting for high dry film opacity, it would be interesting to observe the market performance of both the materials based on their level of impact on the overall optical properties of paints and coatings.

Global Opaque Polymer Market Taxonomy

Based on solid content, opaque polymer market has been bifurcated into –

  • 30% solid content
  • 40% solid content

On the basis of end use application, opaque polymer landscape is categorized into - Paints & coatings

  • Detergents
  • Personal & home care products
  • Automotive
  • Electronics

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.