(EMAILWIRE.COM, December 03, 2021 ) The report "Opaque Polymers Market by Type (Solid Content 30% and Solid Content 40%), Application (Paints & Coatings, Personal Care, and Detergents), and Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) - Global Forecast to 2022", The opaque polymers market is estimated to be USD 1.70 Billion in 2017 and is projected to reach 2.82 Billion by 2022, at a CAGR of 10.7% from 2017 to 2022. This growth can be attributed to the rising demand for decorative and architectural paints in the construction industry. Asia Pacific and North America are key regions in the opaque polymers market.

Paints & coatings the largest application for opaque polymers

The paints & coatings application accounted for the largest share of the opaque polymers market in 2016. Opaque polymers are used in various emulsion paint formulations; these polymers enhance the opacity in paints & coatings. The increasing demand for architectural paints & coatings in emerging economies, owing to increased construction output, is projected to drive the growth of the opaque polymers market in paints & coatings application.

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Solid content 30% the fastest-growing type of opaque polymers

Solid content 30% is the fastest-growing type of the opaque polymers market. Opaque polymers are extensively used in various paint formulations. These polymers offer a relatively good gloss, improved hiding performance, and increased refractive index. Increased investments made by government and private sectors in the construction industry is one of the most significant factors driving the demand for opaque polymers, globally.

Asia Pacific the largest market for opaque polymers

Asia Pacific is a key market for opaque polymers. The increased demand for opaque polymers from emerging economies such as China and India is projected to drive the growth of the opaque polymers market in the Asia Pacific region. The increasing applicability of opaque polymers in paints & coatings is projected to drive the growth of the opaque polymers market in this region.

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Most active players in the opaque polymers market

The Dow Chemical Company (US), Arkema (France), Ashland (US), Interpolymer Corporation (US), Organik Kimya (Turkey), Junneng Chemicals (China), Hankuck Latices (South Korea), Indulor Chemie (Germany), Visen Industries (India), En-Tech Polymer (South Korea), Croda International (UK), and Paras Enterprises (India) are leading players operating in the opaque polymers market.