“Rising demand from end-use industries is expected to drive the opacifiers market.”
The Opacifiers Market size is estimated to be USD 15.2 billion in 2022 and is projected to reach USD 20.6 billion by 2031, at a CAGR of 6.2% between 2022 and 2031.
The primary market drivers are the growth of end-use industries such as personal care, ceramics, and paints & coatings. Stringent environmental regulations against certain oxides are considered as a threat to the market. On the other hand, the role of nanotechnology in manufacturing titanium dioxide and technological advancements to improve the efficiency of opaque polymers will act as an opportunity for the market.
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“Opaque polymers is expected to be the fastest-growing type segment in the opacifiers market.”
A major driver of the opaque polymers market is the increasing prices of titanium dioxide. Out of total titanium dioxide used in the paints & coatings application, up to 10% to 20% is being replaced with opaque polymers to reduce the manufacturing cost of decorative paints and personal care products. The increasing use of these polymers in the decorative paint's application in the construction industry is another major driver of the opaque polymers segment. APAC is a key market of opaque polymers and is expected to witness significant growth during the forecast period. Rapid infrastructural development in countries such as China and India are expected to increase the demand for opaque polymers in this region.
“The paints & coatings application is projected to account for the largest share of the overall opacifiers market, in terms of volume and value, between 2022 and 2031.”
Paints & coatings is estimated to be the largest application segment in 2022 and is expected to continue its dominance throughout the forecast period. Opacifiers have a high demand in the paints & coatings application in APAC. This is due to the surge in building & construction, appliances, automotive, and other end-use industries, high economic growth rate, and increasing standard of living and disposable income. Economic & demographic growth, increasing residential building activities, growing urbanization, and housing construction expenditure are the important drivers of the opacifiers market in the paints & coatings application.
“APAC is expected to be the fastest growing opacifiers market during the forecast period, in terms of volume and value.”
APAC is the fastest-growing opacifiers market. The rapid industrialization coupled with the growing plastics industry drive the market in the region. The rising disposable income of consumers along with the changing lifestyle plays a significant role in boosting the growth of the opacifiers market. APAC consists of approximately 60.0% of the global population, which is expected to increase the demand for paints & coatings, detergents, and personal care products. Factors such as advances in civil construction and the high demand for efficient paints drives the architectural paints & coatings market. This paint provides protective layers to buildings and prevents them from corrosion, dampness, and damages caused due to extreme weather conditions. APAC is the largest market of opacifiers globally due to the presence of the largest and fastest-growing economies such as China and India in the region.
In the process of determining and verifying the market size for several segments and subsegments identified through secondary research, extensive primary interviews were conducted. A breakdown of the profiles of the primary interviewees are as follows:
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• By Company Type: Tier 1 - 45%, Tier 2 - 30%, and Tier 3 - 25%
• By Designation: C-Level - 46%, Director Level - 25%, and Others - 29%
• By Region: North America - 27%, Europe - 27%, APAC - 33%, South America - 7%, and Middle East & Africa - 6%,
The key market players profiled in the report include DowDuPont (US), Arkema (France), Ashland Global Holdings Inc. (US), Tayca Corporation (Japan), Chemours Company (US), Tronox Limited (US), Kronos Worldwide Inc. (US), Cristal (Kuwait), Alkane Resources Ltd (US), En-tech Polymer Co. Ltd. (South Korea), and Venator (UK).
Research Coverage
This report segments the market for opacifiers on the basis of type, application, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisition associated with the market for opacifiers.
Reasons to Buy this Report
This research report is focused on various levels of analysis — industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the opacifiers market; high-growth regions; and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on opacifiers offered by top players in the global opacifiers market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the opacifiers market
• Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for opacifiers across regions
• Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global opacifiers market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the opacifiers market
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