Global Opaque Polymers Market
Global Opaque Polymers Market was valued at US$ 1.68 Billion in 2016 and is expected to reach US$ 4.66 Billion by 2026 at a CAGR of 10.74%.
Opaque polymers are increasingly preferred for the development of coatings & paints acting as a key factor for growth of opaque polymer market. Growth is primarily being driven by an increase in prices of titanium oxide pigments along with rise in usage for architectural paints & coatings. Increasing demand for decorative and architectural paints in the construction industry has been another key driver boosting the growth for opaque polymer market.
Based on type, the opaque polymers market divided into solid content (40%) and solid content (30%). Solid content 30% is the fastest-growing type of the opaque polymers market. Opaque polymers are massively being used in various paint formulations. These polymers provides a relatively good gloss, improved hiding performance, and increased refractive index. Increased investments by government and private sectors in the construction industry is one of the most important factors driving the demand for global opaque polymers market.
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According to end-use industry, currently, the paints & coatings segment leads the opaque polymers market. Segment is expected to continue its dominance during the forecast period. It is expected to expand at a significant pace during the forecast period. Paints & coatings as well as personal & home care industries are projected to expand rapidly in the near future, especially in Asia Pacific, North America, and Europe. This, in turn, is likely to fuel the demand for opaque polymers during the forecast period.
Economic development in Asia Pacific countries and increased investments in the personal care segment are certain key drivers that has positively driven the market for opaque polymer in Asia Pacific region. Asia Pacific formed the largest market for opaque polymers with countries like India, and China being a few major countries contributing to this growth. Factors such as infrastructural development along with growing government investments in developing countries have resulted in high demand for opaque polymer.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Opaque Polymers market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in Opaque Polymers market.
The scope of the Global Opaque Polymers Market:
Global Opaque Polymers Market, by Product Type:
• Solid Content (40%)
• Solid Content (30%)
Global Opaque Polymers Market, by Application:
• Personal Care
• Paints & Coatings
Global Opaque Polymers Market, by Region:
• North America
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players Operating in the Global Opaque Polymers Market:
• Archer Daniels Midland Company
• Wilmar International Limited
• Bunge Limited
• Neste Corporation
• Renewable Energy Group Inc.
• Louis Dreyfus Company
• Cargill Inc.
• BIOX Corporation
• Munzer Bioindustrie
• TerraVia Holdings Inc.
• Solvay SA
• Ineos Group
• Royal Dutch Shell plc
• Western Dubuque Opaque Polymer
• Delta American Fuel
• Imperium Renewables
• Deerfield Energy
• Crimson Renewable Energy
• China Opaque Polymer International Holding
• Diversified Energy Corporation
• XL Renewables
• Blue Marble Energy Corp.
• American Energy Producer
• ACCIONA Energy
• Green Earth Fuels of Houston
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