The opaque polymer market offers a range of benefits, primarily in the paint and coatings industry. Opaque polymers enhance the performance of paints by improving opacity, whiteness, and texture, thereby reducing the need for multiple coats. They also contribute to sustainability efforts by enabling eco-friendly formulations. In this market, the dominating segment is the architectural coatings sector, owing to the growing construction industry, urbanization, and increasing demand for high-quality paints in residential and commercial applications.
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Data Bridge Market Research analyses that the Asia-Pacific Opaque Polymer Market, which was USD 801.31 million in 2022, is expected to reach USD 1,407.98 million by 2030 and is expected to undergo a CAGR of 7.3% during the forecast period of 2023-2030. The thriving construction industry demands high-quality coatings, making opaque polymers essential in architectural paints. They enhance coverage, texture, and opacity, ensuring durability and aesthetic appeal in construction projects, thus increasing their usage.
Key Findings of the Study
Technological advancements are expected to drive the market's growth rate
Continuous research and development endeavors are yielding innovative opaque polymer formulations. These formulations are characterized by enhanced performance attributes such as increased opacity, durability, and improved texture. Additionally, a strong focus on sustainability has led to the development of eco-friendly opaque polymers that align with environmental concerns and regulations. These advancements are essential in meeting the evolving needs of industries such as paints and coatings while adhering to a global push for greener and more efficient materials.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (30% Solid and 40% Solid), Application (Personal Care, Paints, Coatings, Inks, and Others)
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Countries Covered
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China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
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Market Players Covered
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Dow (U.S.), Imerys (France), Ashland (U.S.), Arkema (France), Organik Kimya (Turkey), Junneng Chemical (China), INDULOR Chemie GmbH (Germany), Entec Polymers. (Korea), HANKUCK LATICES Co., Ltd. (Korea), ZSCHIMMER & SCHWARZ CHEMIE GMBH (Germany), Visen Industries Limited (India) and PARAS ENTERPRISES (India)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The Asia-Pacific opaque polymer market is segmented on the basis of type, and application.
- On the basis of type, the Asia-Pacific opaque polymer market is segmented into 30% solid, and 40% solid.
- On the basis of application, the Asia-Pacific opaque polymer market is segmented into personal care, paints, coatings, inks, and others.
Major Players
Data Bridge Market Research recognizes the following companies as Asia-Pacific opaque polymer market players in Asia-Pacific opaque polymer market are Dow (U.S.), Imerys (France), Ashland (U.S.), Arkema (France), Organik Kimya (Turkey), Junneng Chemical (China), INDULOR Chemie GmbH (Germany).
Market Developments
- In March 2022, Arkema unveiled a comprehensive sustainability solution set, featuring ENCOR 317 vinyl acrylic resin and CELOCOR AF opaque polymers. These innovations aim to reduce the reliance on titanium dioxide (TiO2) in decorative paints. By incorporating these alternatives, Arkema addresses environmental concerns and offers the paint industry options to enhance sustainability while maintaining the quality and performance of decorative paints.
- In July 2021, DOW introduced ROPAQU ULTRA-E Opaque Polymer, an innovative polymeric opacifier designed to enhance the efficiency of titanium dioxide (TiO2) in various applications. This advanced product optimizes TiO2 usage, offering improved opacity and cost-effectiveness. It caters to industries seeking more sustainable and cost-efficient solutions by reducing the reliance on TiO2, a widely used but resource-intensive material in various sectors.
Regional Analysis
Geographically, the countries covered in the Asia-Pacific opaque polymer market report China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
As per Data Bridge Market Research analysis:
China is the dominant region in the Asia-Pacific opaque polymer market during the forecast period 2023-2030
China's dominance in the opaque polymer market can be attributed to several factors. The increased utilization of opaque polymers in paints and coatings, driven by a booming construction sector, has created a substantial demand. Furthermore, China's strong emphasis on research and development, coupled with a rising number of research activities in the region, has fostered innovation and the development of new applications for opaque polymers, solidifying its position as a leader in this market.
Japan is expected to dominate the Asia-Pacific opaque polymer market in the forecast period 2023-2030
Japan is poised for substantial growth in the opaque polymer market from 2023 to 2030. Increased research activities, access to extensive untapped markets, a sizable population, and a rising demand for paints and coatings fuel this expansion. These factors converge to create a favorable environment for adopting opaque polymers, positioning Japan as a promising market for manufacturers and suppliers in this industry during the forecast period.
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