Global Opacifiers Market Overview

Global opacifiers market stood at approximately $ 15.4 billion in 2018 and is projected to cross $ 20.8 billion by 2024, growing at a CAGR of 6.3% during the forecast period. Anticipated growth in the market can be primarily attributed to increasing demand for opacifiers from end-use industries like paints & coatings, ceramics and personal care. Notably, rising demand for personal care products, increasing number of working women, changing lifestyle, and growing awareness about hygiene and skin care products are anticipated to fuel the growth of personal care end-use industry in global opacifiers market during forecast period.

Global Opacifiers Market Segmentation

Global Opacifiers Market has been categorized into type, application and regional distribution. Based on type, the market has been segmented into titanium dioxide, zircon, zinc oxide, opaque polymers, cerium oxide and antimony trioxide. The titanium dioxide sub-segment is expected to dominate the market during the forecast period, owing to growing end-use industries like personal care, paints & coatings and plastics. Based on application, the market has been segmented into paints & coatings, ceramics, plastics, paper, inks, fibers, personal care, home care and glass. Increasing demand for personal care products, growing number of professional women, rising awareness about hygiene and skin care products, and changing lifestyle are fueling the demand for opacifiers in the personal care end-use industry. Moreover, paints & coatings application segment is anticipated to dominate the market during the forecast period, backed by growing construction industry in the APAC region.

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Global Opacifiers Market Regional Segmentation

Globally, opacifiers market has been segmented into North America, South America, Europe, Asia Pacific (APAC) and Middle East & Africa. Among these regions, APAC is anticipated to account for the largest market share in coming years, owing to rising population and growing economy. Demand for opacifiers is dependent on their usage in various industries like plastics, paints & coatings and ceramics, which contribute over 81% of its global demand. Companies are also investing more in research & development activities to identify applications of opacifiers in the unconventional industry segments to increase their demand and scope.

Competitive Landscape

Some of the leading companies operating in global opacifiers market are DowDuPont, Arkema, Ashland Global Holdings Inc., Tayca Corporation, Chemours Company, Tronox Limited, Kronos Worldwide Inc., Cristal, Alkane Resources Ltd. and En-tech Polymer Co. Ltd. DowDuPont, one of the leading manufacturers of opacifiers, has signed an agreement to establish a coating manufacturing site in Saudi Arabia to increase its global presence and to cater to the Saudi Arabia market effectively. Chemours Company is also among the leading suppliers of opacifiers, which has a strong foothold in North America, Europe and APAC.

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Some of the leading players in global opacifiers market are DowDuPont, Arkema, Ashland Global Holdings Inc., Tayca Corporation, Chemours Company, Tronox Limited, Kronos Worldwide Inc., Cristal, Alkane Resources Ltd., En-tech Polymer Co. Ltd., etc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels and presence of all major players operating in global opacifiers market.

TechSci Research calculated global Opacifiers Market size using a top-down approach, where data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

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