Industry Outlook and Trend Analysis
The Opaque Polymers Market was worth USD 1.18 billion in the year of 2014 and is expected to register itself at a compound annual growth rate (CAGR) of 10.77% during the forecast period. This development is essentially determined by an expansion in the costs of TiO2 pigments and rising demand for architectural and decorative paints and coatings. Styrene acrylic-based opaque polymers are progressively favored for the advancement of paints and coatings. The expanding interest for beautiful and design paints in the development business is further driving the development of the opaque polymers market. The usage of opaque polymers in both, emerging and developed countries, has been expanding recently.
Type Outlook and Trend Analysis
On the basis of type the market is segmented into Solid substance 30% and Solid substance 40%. The strong substance 30% portion represented the biggest offer of 65.2 percent of the opaque polymers market in 2016, in terms of volume. In addition, strong substance 30% is the quickest developing type fragment of the opaque polymers market. This development can be ascribed to the popularity for strong substance 30% misty polymers in the paints and coatings application, attributable to the expanded drying time of these polymers. Moreover, strong substance 40% opaque polymers are used as a part of formulations cleansers and personal care item.
Application Outlook and Trend Analysis
On the basis of application, the opaque polymers market has been sectioned into paints and coatings, detergents, and personal care. The paints and coatings application fragment represented the biggest offer of the opaque polymers market in 2016. This application section is anticipated to develop at the most astounding CAGR amid the gauge time frame both, on the basis of volume and value. The rising interest for enlivening paints in the development business is driving the development of the opaque polymers market in paints and coatings application.
Regional outlook and Trend Analysis
Middle East & Africa, Asia Pacific, South America, Europe, and the North America are considered as key areas in the opaque polymers market. Asia Pacific is the biggest market for opaque polymers. Monetary advancement in Asia Pacific nations and expanded interests in the development and individual care ventures are scratch factors anticipated to drive the development of the opaque polymers market in this district. The opaque polymers market in Brazil, China, the United States, and India are likewise seeing development, attributable to the expanding development movement in these nations. Nonetheless, lower performance of hazy polymers when compared with TiO2 pigments in assembling mechanical paints may inhibit the development of the opaque polymers market.
The leading players in the market are Organik Kimya San. Tic. A.S, Arkema, Ashland Inc, Dow Chemical Company and Interpolymer Corporation. The leading players are centered on the implementation of key development systems, for example, extensions, new item dispatches, acquisitions, and joint dares to fortify their market position and augment their client base. For example, in 2016, The Dow Chemical Company (US) set up a polymer fabricating office in Saudi Arabia to upgrade its local existence in the opaque polymers market.
The opaque polymers market is segmented as follows-
Solid Content 30%
Solid Content 40%
Paints & Coatings
Rest of Europe
Rest of Asia Pacific
Rest of the World
United Arab Emirates
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?