Opaque Polymers Market Projected To Hit $6.5 billion By 2031 | Growth With Recent Trends & Demand

Opaque polymer is a non-film forming aqueous emulsion polymer that contributes to the reduction of raw material costs in trade sales coatings by augmenting the concealing supplied by the main pigment. An opaque polymer can improve the performance of both interior and exterior paints. It becomes less susceptible to cleaning damage by substituting opaque polymers for some of the titanium dioxide and pigment extender in an interior paint. Opaque polymers can be utilized to partially replace TiO2 in solvent-borne architectural alkyd formulations. Opaque polymers effectively scatter visible light, providing whiteness, brightness, and opacity when integrated into a coating.

The global opaque polymers market size was valued at $2.4 billion in 2021, and is projected to reach $6.5 billion by 2031, growing at a CAGR of 10.5% from 2022 to 2031.

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Rise in demand for architectural paints & coatings industry is one of the major key factors predicted to drive the growth of the opaque polymers market during the forecast period. Further, personal care products containing opaque polymers are used on the skin, nails, hair, lips, and external genital organs, as well as oral hygiene such as teeth and oral mucous membrane. Opaque polymers personal care solutions fight ageing by eliminating lines and wrinkles and giving skin a youthful appearance. Soaps and shampoos, as well as moisturizer, toothpaste, facial tissue, cleaning pods, shaving creams, lotions, and other personal care items are made from opaque polymers. Thus, surge in demand for opaque polymers in personal care industry is another vital factor anticipated to propel the market growth during the forecast period.

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Availability of substitute is anticipated to hamper the growth of the opaque polymers market. On the contrary, growth of building & construction industry is expected to generate lucrative opportunities for the global opaque polymers industry. Opaque polymers are used in building and construction in sectors such as flooring, windows, cladding, rainwater, pipes, membranes, seals, glazing, insulation, and signs. Opaque polymers are also used in building and construction for plastics, rubbers, thermoplastic elastomers, adhesives, foams, paints, and sealants. The growing use of opaque polymers in the construction industry is due to their superior properties when compared to inorganic materials, such as waterproofing, anticorrosion, wear resistance, lightweight, good strength, sound insulation, heat insulation, good electrical insulation, and bright colors.

Key Market Players:
Hankuck Latices Co. Ltd., Arkema, Zschimmer and Schwarz Chemie Gmbh, Organik Kimya, En-Tech Polymer Co. Ltd., Paras Enterprises, Opaque Ceramics, Esaar International, Ashland Global Holdings Inc., Shrayan Coating Ltd., Cray Valley, Croda International Plc, Visen Industries Limited, The Dow Chemicals Company, Junneng Chemicals

COVID-19 Analysis:
The COVID-19 pandemic had moderate impact on the opaque polymers market. It also had an influence on the supply of paints and coating as well as the import and export of personal care products. COVID-19 negatively impacted the paints and coating industry. For instance, paint and coatings industry reported a loss of $61.58 million, a 2.1 % decrease year on year, thereby reducing demand for opaque polymers. However, as markets gradually opened, production units of paints and coatings has begun to develop, and it is expected to reach $184 billion by 2021. This is expected to surge the demand for opaque polymers during the pandemic and in future.

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