| Product Code: ETC4509325 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
India`s import shipments of opaque polymers in 2024 saw a diverse range of top exporting countries, including China, Japan, Germany, South Korea, and Singapore. With a moderate concentration level indicated by the Herfindahl-Hirschman Index (HHI), the market remained competitive. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a healthy 13.37%, although a slight decline was observed in the growth rate from 2023 to 2024 at -1.76%. This data suggests a stable yet evolving landscape in the opaque polymers import market in India.

The opaque polymers market in India is witnessing steady growth, primarily due to its use in paints and coatings to achieve opacity and hiding power. Opaque polymers are crucial for creating vibrant and long-lasting colors in paints and coatings. As the construction and automotive industries in India continue to expand, the demand for opaque polymers is projected to remain strong.
The India opaque polymers market is primarily driven by the expanding construction and coatings industries. Opaque polymers, known for their ability to enhance the opacity and whiteness of paints and coatings, are in high demand. The booming construction sector, with numerous infrastructure projects and urbanization, requires high-performance paints and coatings to meet aesthetic and durability standards. Opaque polymers play a crucial role in achieving the desired levels of opacity and brightness, which are essential for architectural paints. Additionally, the increasing awareness of environmentally friendly solutions has led to the adoption of water-based opaque polymers as a more sustainable alternative to solvent-based ones. This shift aligns with the government`s regulations and sustainable development goals.
The opaque polymers market in India faces challenges associated with achieving consistent opacity and color stability in various applications, including paints, coatings, and printing inks. Ensuring product quality while managing production costs and environmental concerns is crucial. Competition with other opacifying agents and the need for sustainable, eco-friendly materials further add to the challenge. Market players must invest in research and development to create opaque polymers that meet these multifaceted challenges.
The opaque polymers market in India experienced fluctuations in demand during the pandemic. While certain segments like paints and coatings maintained their consumption, others faced challenges. As industries recover and prioritize innovation, the opaque polymers market is expected to regain its growth momentum.
Prominent companies in the opaque polymers market in India are Ashland Global Holdings Inc., Arkema SA, Dow Chemical Company, Huntsman Corporation, and Trinseo.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Opaque Polymers Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Opaque Polymers Market Revenues & Volume, 2021 & 2031F |
3.3 India Opaque Polymers Market - Industry Life Cycle |
3.4 India Opaque Polymers Market - Porter's Five Forces |
3.5 India Opaque Polymers Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Opaque Polymers Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Opaque Polymers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for opaque polymers in various industries such as paints and coatings, textiles, and packaging due to their properties like opacity, gloss, and durability. |
4.2.2 Growing infrastructure development and construction activities in India, leading to higher demand for opaque polymers in construction materials. |
4.2.3 Rising disposable income and urbanization driving the demand for consumer goods and packaging, which in turn boosts the demand for opaque polymers. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the production cost of opaque polymers. |
4.3.2 Stringent environmental regulations and increasing focus on sustainability leading to the need for eco-friendly alternatives to opaque polymers. |
4.3.3 Intense competition in the market leading to pricing pressures and challenges in maintaining profit margins. |
5 India Opaque Polymers Market Trends |
6 India Opaque Polymers Market, By Types |
6.1 India Opaque Polymers Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Opaque Polymers Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Opaque Polymers Market Revenues & Volume, By Solid Content 30% , 2021-2031F |
6.1.4 India Opaque Polymers Market Revenues & Volume, By Solid Content 40%, 2021-2031F |
6.2 India Opaque Polymers Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Opaque Polymers Market Revenues & Volume, By Paints & Coatings, 2021-2031F |
6.2.3 India Opaque Polymers Market Revenues & Volume, By Personal Care, 2021-2031F |
6.2.4 India Opaque Polymers Market Revenues & Volume, By Detergents, 2021-2031F |
7 India Opaque Polymers Market Import-Export Trade Statistics |
7.1 India Opaque Polymers Market Export to Major Countries |
7.2 India Opaque Polymers Market Imports from Major Countries |
8 India Opaque Polymers Market Key Performance Indicators |
8.1 Research and development investment in new formulations and technologies for opaque polymers. |
8.2 Adoption rate of opaque polymers in emerging applications and industries. |
8.3 Number of partnerships and collaborations for expanding market reach and product offerings. |
8.4 Customer satisfaction and retention rates for opaque polymer products. |
8.5 Rate of adoption of opaque polymer substitutes in the market. |
9 India Opaque Polymers Market - Opportunity Assessment |
9.1 India Opaque Polymers Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Opaque Polymers Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Opaque Polymers Market - Competitive Landscape |
10.1 India Opaque Polymers Market Revenue Share, By Companies, 2024 |
10.2 India Opaque Polymers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |