Industry Insights
The global opacifiers market size will grow by USD 5.39 billion during 2019-2023 at a CAGR of over 6%. The increasing use in paints and coatings and growing demand for nanoscale titanium oxide-based opacifiers are some of the factors expected to drive market growth. This market report provides a detailed analysis of the market by application (paints and coatings, plastics and ceramics, paper and inks, personal and home care, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors including Arkema, Ashland Inc., DowDuPont Inc., The Chemours Co., and Tronox Holdings Plc.
Opacifiers are additives that are added during the production of translucent objects, such as plastics, paints and coatings, and paper to make them translucent.
Key Insights from Opacifiers Market - Global Forecast 2019-2023
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The demand for nanoscale titanium oxide-based opacifiers is increasing in several applications, including sun protection creams and wood preservatives. The growing demand for nanoscale titanium oxide-based opacifiers can be attributed to its improved mechanical, tribological, and optical properties. Moreover, titanium oxide nanoparticles act as photocatalysts as they use light energy to catalyze reactions with other molecules at low temperatures. Nanoscale titanium oxide-based opacifiers are preferred in sun protection creams because of their ability to protect from harmful UV radiation and ease of application. This growing demand for nanoscale titanium-oxide based opacifiers will be one of the critical opacifiers market trends that will have a positive impact on the growth of this global market.
The ability of opacifiers to scatter visible light and offer opacity will boost its demand for paint applications. Opacifiers ensure better reflection and stability and enhance the appearance and durability of paints. With the increasing demand for paints from the construction, automobile, and packaging industries, the need for opacifiers is also bound to grow. The increasing use of paints and coatings will be a significant factor in driving opacifiers market growth at a CAGR of over 6% during the forecast period.
Industry Analysis
Quantitative Data
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Qualitative Data
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Application Insights
The application segment has been segregated into paints and coatings, plastics and ceramics, paper and inks, personal and home care, and others. The paints and coatings segment accounted for the highest opacifiers market share in 2018. During the forecast period, the paints and coatings and plastics and ceramics segments will grow at a faster pace than the overall market. The paper and inks, personal and home care, and other segments will grow at a slower pace than the overall market.
The rising number of residential and non-residential construction projects and the growth of the automobile industry will boost the demand for paints and coatings, consequently driving the need for opacifiers in paints and coating applications.
Regional Insights
APAC accounted for the highest market share in 2018. The market’s growth in this region will be faster than the growth of the market in other regions and will account for the largest opacifiers market share throughout the forecast period. China is a key market for opacifiers in this region.
Factors such as the increasing commercial and residential construction, rising investments in infrastructure development, and increasing demand for easy-to-cook meals will fuel opacifiers market growth in this region.
Top Opacifiers Companies
The global opacifiers market is fragmented. To help clients improve their position, this opacifiers market analysis report provides information on the competitive landscape and the products offered by various companies. Moreover, this opacifiers market research report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
The report offers a detailed analysis of leading opacifiers manufacturers, including:
- Arkema
- Ashland Inc.
- DowDuPont Inc.
- The Chemours Co.
- Tronox Holdings Plc
Segments Covered in the Report
Opacifiers market by application
- Paints and coatings
- Plastics and ceramics
- Paper and inks
- Personal and home care
- Others
Opacifiers market by region
- APAC
- Europe
- MEA
- North America
- South America
Key Highlights of the Opacifiers Market Forecast Report for the Period 2019-2023
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the opacifiers market size during the next five years
- Precise estimation of the global opacifiers market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the opacifiers industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details of factors that will challenge the growth of opacifiers companies
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