The styrene acrylic copolymer emulsion opaque polymer is what gives emulsion paint its opacity. Styrene-acrylic copolymer beads, complex polymeric beads created to increase TiO2 efficiency, make up the emulsion particle. The opaque polymer can lower the cost of raw materials and improve concealment in a variety of products.
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Global Opaque Polymers Market is expected to reach USD 4,057,108.47 thousand by 2029 from USD 1,825,233.35 thousand in 2021 growing with the CAGR of 10.50% in the forecast period of 2022 to 2029. In paints and coatings, personal care products, and detergents, rust remover is growing in popularity and is expected to be one of the market's key growth drivers from 2022 to 2029. The need for architectural paints in the construction industry is expanding, and the demand for rust remover in paints and coatings, personal care products, and detergent activators is on the rise.
Increasing demand from the paint and coatings industry across the world will drive the market's growth rate
Opaque polymers can be used in paints and coatings for both interior and exterior applications, and rising urbanisation and industrialization, as well as an increase in middle-income populations, have increased the number of residential and commercial infrastructure projects. As a result, the increase in construction activity is a major market-driving factor.
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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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Thousand, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Solid Content 30%, Solid Content 40%), Application (Paints and Coatings, Personal Care, Detergents)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Ashland (U.S.), Croda International Plc (U.K.), En-Tech Polymer. Co., Ltd (South Korea), GUANGZHOU JUNNENG CHEMICALS CO., LTD. (China), Organik Kimya (Turkey)., Dow (U.S.), and Visen Industries Limited (India) among others.
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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:
Global opaque polymers market is categorized into two notable segments which are type and application.
- Based on type, the market is segmented into 30% solid and 40% solid. In 2021, 30% solid segment dominated the market with 74.54% market share because of huge availability in the market, which has widened its application in every industry.
The 30% solid segment dominated the type segment of the opaque polymers market
The 30% solid segment emerged as a dominating segment type segment. This is because of the growing demand for opaque polymers in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.
- Based on application, the market is segmented into personal care, paints, coatings, inks and others. In 2021, paints dominated the market with 57.23% market share because of huge amount of the hiding properties, which widens the area of application.
The paints segment will dominate the application segment of the opaque polymers market
The smartwatches segment will emerge as the dominating segment under paints with approximately 57.00% market share. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the semiconductors industry all around the globe will further bolster the growth of this segment.
Major Players
Data Bridge Market Research recognizes the following companies as the market players in opaque polymers market: Ashland (U.S.), Croda International Plc (U.K.), En-Tech Polymer. Co., Ltd (South Korea), GUANGZHOU JUNNENG CHEMICALS CO., LTD. (China), Organik Kimya (Turkey)., Dow (U.S.), and Visen Industries Limited (India).
Market Development
- In 2019, Arkema launched high-performance, ecologically friendly products at K. The Paris-based company claimed it exhibited creative and environmentally sound solutions during the world's largest plastics and rubber trade fair, with an emphasis on sustainability.
Regional Analysis
Geographically, the countries covered in the opaque polymers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in opaque polymers market during the forecast period 2022 - 2029
Given the rising demand for opaque polymer in countries such as the United States and Canada, the North America region is predicted to develop significantly in the global market. The United States is home to some of the world's largest manufacturers of paints and coatings.
Asia-Pacific is estimated to be the fastest growing region in opaque polymers market the forecast period 2022 - 2029
The market for opaque polymer is predicted to increase significantly in Asia-Pacific due to rapid infrastructure utilization and growth in countries such as Japan, India, and China. Economic development, which drives demand for opaque polymer, is one of the factors sustaining the region.
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