Opaque polymers offer significant benefits in the paints and coatings industry by enhancing paints' hiding power and opacity, ensuring excellent coverage, and minimizing the visibility of underlying surfaces. In the cosmetics and personal care sector, they provide opacity and enhance color vibrancy and durability in products such as creams, lotions, and sunscreens. The growing construction sector and rising disposable income in emerging economies further drive the demand for opaque polymers, contributing to market growth. These factors collectively reinforce the importance and versatility of opaque polymers in various industries.
According to Data Bridge Market Research, Opaque Polymers Market is expected to witness a CAGR of 10.50% for the forecast period of 2022 to 2029.
“Increasing demand from paints and coatings industry surge market demand"
The paints and coatings industry is experiencing increased demand globally, primarily driven by the growth in the construction and automotive sectors. Opaque polymers play a crucial role in this industry by improving coatings' hiding power and opacity. Manufacturers can achieve better coverage and minimize the visibility of underlying surfaces by incorporating opaque polymers into paint formulations. This, in turn, drives the adoption of opaque polymers in the paints and coatings industry as an essential ingredient for achieving high-quality and visually appealing coatings.
What restraints the growth of the opaque polymers market?
“High cost can impede the market growth”
The high cost of opaque polymers is a significant restraint for their widespread adoption, especially in price-sensitive markets. The production and formulation processes of creating opaque polymers can be complex and resource-intensive, leading to higher manufacturing costs. This increased cost can make opaque polymers less competitive than alternative materials, limiting their usage in certain applications and industries where cost-effectiveness is a primary consideration. Cost reduction efforts and advancements in production technologies can help address this restraint and enhance market opportunities.
Segmentation: Global Opaque Polymers Market
The opaque polymers market is segmented on the basis of type and application.
- On the basis of application, the opaque polymers market is segmented into paints and coatings, personal care and detergents.
- On the basis of type, the opaque polymers market is segmented into solid content 30% and solid content 40%.
Regional Insights: North America dominates the global opaque polymers market
North America's dominance in the opaque polymers market can be attributed to the increased demand for these polymers in nations such as the United States and Canada. Factors driving this demand include the robust construction sector, the growing automotive industry, and expanding paints and coatings market. The region's focus on innovation, technological advancements, and strict regulatory standards also contribute to its dominance, fostering the growth of the opaque polymers market in North America.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/global-opaque-polymers-market
The Prominent Key Players Operating in the Global Opaque Polymers Market Include:
- Ashland (U.S.)
- Croda International Plc (U.K.)
- En-Tech Polymer Co., Ltd (South Korea)
- EC21 Inc. (South Korea)
- GUANGZHOU JUNNENG CHEMICALS CO., LTD. (China)
- Organik Kimya (Turkey)
- Dow (U.S.)
- Visen Industries Limited (India)
Above are the key players covered in the report, to know about more and exhaustive list of opaque polymers market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Opaque Polymers Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
