Opaque Polymer Market Size Forecast to Reach $4 Billion by 2025

October 12, 2020

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.

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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
  • Growing R&D operations are set to push the market forward
 Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Opaque Polymer market.  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.

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