ID: MRFR/CnM/5749-HCR | February 2021 | Region: Global | 140 pages
Opacifiers are additives that are added to transparent objects in order to make them opaque. They offer a richer appearance and increase the visual viscosity of products in surfactant-based formulations. The conversion of transparent object into opaque one is done through three processes, namely, thermal expansion, crystallization, and suspended micro-bubbles. Tin oxide and zircon compounds are two common opacifiers.
The global opacifiers market is primarily driven by the high demand on applications such as paints & coatings, plastics, and personal care. The high demand for paints & coatings in major end-use industries such as construction, automotive, aerospace, electronics, and shipbuilding are one of the major factors driving the global opacifiers market. This is due to the excellent hiding properties of opacifiers, which improve the performance of the paints & coatings. Rapid industrialization and urbanization leading to an increased residential and commercial construction activities in the emerging economies of Asia-Pacific is driving the demand for paints & coatings, which in turn, drives the demand for opacifiers. Moreover, the high production and sales of automobiles and consumer electronics, owing to the high disposable income and the changing lifestyle trend of the consumers across the globe is another driver of the global opacifiers market. The use of opacifiers in plastics is also a factor influencing the market growth, as they can reduce embrittlement, fading, and cracking, occurring when materials are exposed to light. Furthermore, opacifiers are added as additives in personal care and cosmetics products such as body washes, shampoos, and hair conditioners to impart a rich and creamy appearance. They have excellent formulation compatibility and stability. The rising awareness regarding personal care and increasing appearance consciousness coupled with affordability amongst the consumer is driving the demand for personal care and cosmetics, which further propels the demand for opacifiers. Moreover, the introduction of technological advancements in order to increase the efficiency of opaque polymers is a significant opportunity to the manufacturers.
However, the stringent regulations against oxides such as titanium oxide and antimony oxide is likely to hamper market growth during the forecast period.
Global Opacifiers Market, by Application (%)
Source: MRFR Analysis
The global opacifiers market has been segmented into five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
The market in Asia-Pacific dominated the global opacifiers market in 2017 due to the high demand from paints & coatings in construction, automotive, aerospace, and electronics. The high growth of the market in this region can also be attributed to the fast-paced industrialization and urbanization in the emerging countries such as India, Thailand, Malaysia, and Singapore.
North America accounted for the second-largest market share in 2017 on account of the high demand for opacifiers in paints & coatings, further used in the aerospace, automotive, and electronics industries in the region. The developed militarily and army strength in the US is the major driver of the high product demand for military applications in this region.
The high production and sales of automotive parts in the Western European countries such as UK, Germany, France, and Italy are expected to fuel the demand for paints & coatings, which will further drive the demand for opacifiers.
The global opacifiers market has been segmented on the basis of type, application, and region.
On the basis of type, the market has been segmented into titanium dioxide, opaque polymers, zircon, zinc oxide, cerium oxide, antimony trioxide, tin oxide, and arsenic trioxide.
By application, the market has been categorized into paints & coatings, plastics, ceramics, paper, personal care, inks, fibers, home care, glass, and others.
Some of the manufacturers operating in the global opacifiers market are DowDuPont (US), Arkema (France), Ashland (US), TAYCA (Japan), The Chemours Company (US), Tronox Limited (US), KRONOS Worldwide, Inc. (US), CRISTAL (Saudi Arabia), Alkane Resources Ltd (Australia), En-Tech Polymer.Co.,Ltd (South Korea), and Venator Materials PLC (UK).
|Market Size||2030 : Significant Value|
|CAGR||2030 : Substantial Value|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Material Type, Application and End-Use|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||DowDuPont (US), Arkema (France), Ashland (US), TAYCA (Japan), The Chemours Company (US), Tronox Limited (US), KRONOS Worldwide, Inc. (US), CRISTAL (Saudi Arabia), Alkane Resources Ltd (Australia), En-Tech Polymer.Co.,Ltd (South Korea), and Venator Materials PLC (UK).|
|Key Market Opportunities||High demand on applications such as paints & coatings, plastics, and personal care.|
|Key Market Drivers||Rapid industrialization and urbanization leading to an increased residential and commercial construction activities in the emerging economies.|
Frequently Asked Questions (FAQ) :
Opacifiers are additives used to bring opaqueness in transparent objects. Titanium dioxide, zircon, opaque polymers, zinc oxide, and cerium oxide are main types of opacifiers.
Paints & coatings, ceramics, plastics, paper, inks, personal care, fibers, glass, and home care, are the major applications of opacifiers.
By type, the titanium dioxide segment and by applications, the paints & coatings segment account for leading share in the global opacifiers market.
Asia Pacific holds the largest share in the global Opacifiers market, followed by Europe and North America, respectively.
Arkema (France), DowDuPont (US), Ashland (US), The Chemours Company (US), TAYCA (Japan), Tronox Limited (US), CRISTAL (Saudi Arabia), KRONOS Worldwide, Inc. (US), En-Tech Polymer.Co., Ltd (South Korea), Alkane Resources Ltd (Australia), and Venator Materials PLC (UK), are some of the major players operating in the opacifiers market.