The changing dynamics in Opaque Polymers Market with covid-19 impact assessment
June 10, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Opaque Polymers Market.
It was estimated prior to this unanticipated outbreak that the Opaque Polymers Market was expected to grow at a CAGR of 11.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Opaque polymers are polymers with high level of crystallinity. Polymers can be transparent, translucent, and opaque, based on its crystallinity.
Opaque polymers, similar to other polymers also has a number of characteristics such as resistant to chemicals, electrical and thermal insulators, and lightweight yet strong, and can be used in a number of applications. These polymers with opaque nature are highly used in applications such as paints, detergents, personal care ingredients and other depending upon their types.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the type, the market is segmented as solid content 30% and solid content 40%. The solid content 30% held the largest share by volume in 2018, and it is expected to retain its dominance in the coming five years. It is also estimated to be the faster-growing segment during the forecast period. The market is sustained by its extensive use in paint and coating applications.
Based on the application type, the market is segmented as paints & coatings, personal care, and detergents. The paints & coatings application segment held the largest share in 2018, by value and volume. It is also estimated to register high growth in the coming five years. The growth is attributed to the rising demand for decorative paints & coatings by the construction industry.
In terms of regions, Asia-Pacific is expected to be the largest market for opaque polymers in the coming five years. China and India are the growth engines of the region. The market is sustained by various end-use industries and growing investments by companies in the construction and personal healthcare industries. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Key Players:
Some of the opaque polymer manufacturers are The DOW Chemical Company, Arkema, Ashland Global Holdings Inc., Interpolymer Corporation, Organik Kimya A.S., Croda International PLC, En-Tech Polymer Co., Ltd., Hankuck Latices Co., Ltd., Indulor Chemie GmbH, and Visen Industries Limited.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Opaque Polymers Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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