Opacifiers Market

Opacifiers Market Size (2023-2028)

The opacifiers market was assessed to be $ 17.5 billion in 2022 and should reach $ 22.1 billion in 2028, at an annual rate of 8.7% between 2023-2028

Opacifiers are additives that are added to transparent objects to make them opaque. Two common opacifiers are tin oxide and zircon compounds. The opacifier is a chemical agent that is added to a material to opaque the resulting system. Titanium dioxide is an example of an opacifier employed to opacify ceramic enamels. They are employed in cosmetic products so that they can be made more impervious to visible light. Tin oxide and zircon are the general opacifiers, and to produce an opaque enamel in specific colors, they are combined with tints.

Opacifiers Market Drivers and Restraints

The worldwide market is primarily driven by calls for opacifiers in end-use industries. The rising need for opacifiers in future applications has created several opportunities for its manufacturers. APAC is the significant market for opacifiers worldwide, followed by Europe and North America. One of the main market drivers is the rising call for paints and coatings, ceramics, and personal care products in international regions. The expansion of the paint and coatings industry, particularly in emerging economies, is the main driver of the global opacifier market. The advancement of the latest technologies to enhance the performance of coatings is also augmenting the industry for opacifiers. However, volatility in commodity prices is likely to hamper the opacifier market during the foreseen period. Furthermore, the underdeveloped personal care, construction, and paint and coatings industries in various economies such as Bangladesh, Pakistan, Africa, and some Latin American countries are adversely affecting the global opacifier market. However, research and development by significant opacifier manufacturers to improve their properties are predicted to provide lucrative opportunities to the opacifier market during the foreseen period.

The ability of opacifiers to diffuse visible light and provide opacity will increase your call for paint applications. Opacifiers provide better reflection and stability and improve the appearance and durability of paints. With the escalating call for paints in the construction, automotive, and packaging industries, the need for opacifiers is also predicted to grow. The use of opacifiers in plastics is also a factor influencing the expansion of the market, as they can reduce the brittleness, discoloration, and cracks that occur when materials are exposed to light. In addition to that, opacifiers are included as an addition as additives in personal care and cosmetic goods like body cleansers, shampoos, and conditioners to give a rich, creamy look. They have excellent compatibility and formulation stability. The escalating awareness of personal care and the escalated awareness of appearance, along with affordability among consumers, is spurring call for personal care and cosmetics, further driving call for clouding agents. Furthermore, the introduction of technological advances to increase the efficiency of opaque polymers is an important opportunity for manufacturers. However, strict regulation against oxides such as titanium oxide and antimony oxide is likely to hamper market expansion during the foreseen period.

OPACIFIERS MARKET REPORT COVERAGE:

Opacifiers Market Segmentation

Opacifiers Market - By Type

• Titanium dioxide

• Opaque polymers

• Zircon

• Zinc oxide

• Cerium oxide

• Antimony trioxide

• Tin oxide

• Arsenic trioxide

Titanium dioxide is predicted to be the largest type during the foreseen period. The expansion of end-use industries, such as paints and coatings, personal care, and plastics, is a stimulating call for this type. The escalating call for personal care products, the increase in the number of working women, the change in lifestyle and the rising awareness of hygiene and skin care products are driving the expansion of the end-use market.

Opacifiers Market - By Application

• Paints & coatings

• Plastics

• Ceramics

• Paper

• Inks

• Fibers

• Personal care

• Home care

• Glass

• Others

The higher consumption of paints and coatings is attributed to the expansion of the construction industry across the globe. Production in APAC countries is gradually escalating due to population expansion and rising numbers of nuclear families. Furthermore, the increase in purchasing power of the middle-class population and the increase in the standard of living are stimulating the industry.

Opacifiers Market - By Region

The Opacifiers Report includes the segmentation of Regions with their respective Countries.

• North America Opacifiers Industry includes the U.S. and Canada.

• Europe Opacifiers Industry includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Tursignificant, Czech Republic & Rest of Europe.

• Asia Pacific Opacifiers Industry includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC.

• Latin America Opacifiers Industry includes Brazil, Mexico, Argentina, Chile & Rest of LATAM.

• The Middle East & Africa Opacifiers Industry includes KSA, UAE, Israel, the rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, and the rest of MEA.

Asia Pacific is predicted to be the biggest industry for opacifiers owing to its escalating economy and burgeoning population. With industrialization and escalated employment, disposable income is predicted to rise. This lead of Asia Pacific is majorly owing to the escalation in population and the enhancement of lifestyles. The call for opacifiers depends on their use in industries such as paints and coatings, plastics, and ceramics, which represent more than 80% of its worldwide call. Companies are investing more in R&D to discover opacifier applications in unconventional industrial segments to increase their reach and call. Factors such as escalated commercial and residential construction, increasing investment in infrastructure development, and improved calls for easy-to-cook dishes will drive the expansion of the opacifier market in this region.

Opacifiers Market Key Players:

1. DowDuPont (US)

2. Arkema (France)

3. Ashland Global Holdings Inc. (US)

4. Tayca Corporation (Japan)

5. Chemours Company (US)

6. Tronox Limited (US)

7. Kronos Worldwide Inc. (US)

8. Cristal (Kuwait)

9. Alkane Resources Ltd (US)

10. En-tech Polymer Co. Ltd. (South Korea)

11. Venator (UK)