Global Opacifiers Market By Type Overview
An opacifier is a substance that is added to the material to make the resulting system opaque. Opacifier provide a richer appearance to product and also increase the visual appeal in surfactant-based formulations. There are different process of converting a transparent object into opaque, with the help of Opacifiers through three mechanism: thermal expansion, crystallization, and suspended micro-bubbles.
Further, increasing use of opacifiers in cosmetic segment to make minimalist makeup products is expected to foster the demand for opacifiers market. Moreover, in this market, various key players are focusing on organic growth strategies such as product launches, product approvals, such as patents and programs.
Attributes |
Details |
Opacifiers Market Value (2022) |
US$ 18.2Bn |
Opacifiers Market Projected Value(2032) |
US$ 31.3Bn |
Opacifiers Market CAGR (2022-2032) |
7.2% |
Global Opacifiers Market By Type Drivers & Restraints
Growth in Paints and Coating Industry
Growth in the paints and coatings industry, particularly in emerging economies such as India and China, is a major component driving the opacifier market. This is due to the excellent hiding properties of opacifiers, which improve the performance of paints and coatings. Additionally, the development of new technologies to enhance the performance of coatings is expected to drive the target market over the forecast period. The demand for nanoscale titanium oxide-based opacifiers is growing in many applications, including sun protection creams and wood preservatives. The increased demand for nanoscale titanium oxide-based opacifiers can be attributed to their improved mechanical, tribological, and optical properties. Moreover, the high production and sales of automobiles and consumer electronics, owing to the high disposable income and the changing lifestyle trends of consumers across the globe, are propelling the growth of the opacifiers market.
However, fluctuations in raw material prices are likely to restrain the opacifier market during the forecast period. Also, undeveloped personal care in many countries will slow the growth rate of the opacifier market. Moreover, restrictions imposed by the governments of many countries on certain opacifiers will hammer down the growth of the market.
Global Opacifiers Market By Type Segmentations & Regional Insights
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
The Opacifiers Market is segmented based on type, application, and region.
Opacifiers Market, By Type
On the Basis of Type, the Opacifiers Market is segmented into Titanium Dioxide, Opaque Polymers, Zircon, Zinc Oxide, Cerium Oxide, and Antimony Trioxide.
Titanium dioxide dominates the pacifiers market, as spending on high-quality personal care products is also driving the titanium dioxide pacifiers market.
Opacifiers Market, By Application
On the Basis of Application, the Target Market is classified into Paints and Coatings, Plastics, Ceramics, Paper, Inks, Fibres, Personal Care, Home care, and Glass.
Personal Care segment shows significant share in the target market, as, many companies are launching new ranges of hair and body care products, as well as re-introducing them in new formulations, which are attracting more consumers.
Regional Insights:
On the basis of region, the opacifiers market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Asia-Pacific is dominating the opacifiers market due to the high demand from paints and coatings in construction, automotive, aerospace, and electronics. The high growth of the market in this region is due to the fast-paced industrialization and urbanization of emerging countries like India. North America accounts for the second-largest market share. The developed militaries and army strength in North America are the major drivers of the high product demand for military applications in this region.
Opacifiers Market Report Scope:
Attribute |
Details |
Base year for estimation |
2022 |
Forecast period |
2022 – 2032 |
Market representation |
Revenue in USD Billion & CAGR from 2022 to 2032 |
Market Segmentation |
By Type - Titanium Dioxide, Opaque Polymers, Zircon, Zinc Oxide, Cerium Oxide, and Antimony Trioxide By Application - Paints & Coatings, Plastics, Ceramics, Paper, Inks, Fibers, Personal Care, Home Care, and Glass |
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Opacifiers Market report based on type, application, and region:
Opacifiers Market, By Type:
- Titanium Dioxide
- Opaque Polymers
- Zircon
- Zinc Oxide
- Cerium Oxide
- Antimony Trioxide
Opacifiers Market, By Application:
- Paints & Coatings
- Plastics
- Ceramics
- Paper
- Inks
- Fibers
- Personal Care
- Home Care
- Glass
Opacifiers Market, By Region:
- North America
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
-
- U.S.
- Canada
- Middle East & Africa
Global Opacifiers Market By Type Competitive Landscape & Key Players
The key players operating the Opacifiers Market includes, DowDuPont Inc., Evonik Industries AG, Ashland Global Holdings Inc., Tayca Corporation, Cera –Chem Pvt, Ltd., Chemours Company, Tronox Limited, Kronos Worldwide Inc., Cristal, Alkane Resources Ltd, En-tech Polymer Co. Ltd., and Venator.
Global Opacifiers Market By Type Recent News
- In May 2021, Omya Inter-National AG announced the launch of its new cost-effective opacifier, OmyaPET, for the production of white opaque PET bottles or biaxially oriented polyethylene terephthalate (BOPET) film.
- In May 2020, BASF announced the opening of their new site in South Carolina for the production of opacifiers.
- In November 2019, Lonza announced the launch of its new semi-opaque plant-based capsules, Vcaps Plus White Opal.
Global Opacifiers Market By Type Company Profile
- DowDuPont Inc.*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Evonik Industries AG
- Ashland Global Holdings Inc.
- Tayca Corporation
- Cera –Chem Pvt, Ltd.
- Chemours Company
- Tronox Limited
- Kronos Worldwide Inc.
- Cristal
- Alkane Resources Ltd
- En-tech Polymer Co. Ltd.
- Venator
“*” marked represents similar segmentation in other categories in the respective section
FAQs
Opacifiers Market accounted for US$ 18.2 billion in 2022 and is estimated to be US$ 31.3 billion by 2032 and is anticipated to register a CAGR of 7.2%.
Opacifiers Market is segmented into basis of on type, application, and region.
The development of new technologies to enhance the performance of coatings is expected to boost the target market in the forecast period.
The market in Asia-Pacific is dominating the opacifiers market due to the high demand from paints & coatings in construction, automotive, aerospace, and electronics.
The Key players operating in the Opacifiers Market includes DowDuPont Inc., Evonik Industries AG, Ashland Global Holdings Inc., Tayca Corporation, Cera –Chem Pvt, Ltd., Chemours Company, Tronox Limited, Kronos Worldwide Inc., Cristal, Alkane Resources Ltd, En-tech Polymer Co. Ltd., and Venator.