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Opacifiers Market Trends

ID: MRFR//5749-HCR | 140 Pages | Author: Priya Nagrale| July 2024

Global Opacifiers Market Overview

Opacifiers Market Size was valued at USD 17.29 Billion in 2023. The Opacifiers market industry is projected to grow from USD 18.12 Billion in 2024 to USD 25.16 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.19% during the forecast period (2024 - 2032). Rapid industrialization and urbanization leading to increased residential and commercial construction activities in emerging economies are the key market drivers enhancing market growth.

Opacifiers Market Overview

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Opacifiers Market Trends

  • Growing demand for titanium dioxide opacifiers is driving the market growth

The rising demand for titanium dioxide opacifiers drives market CAGR for opacifiers. It finds extensive applications in paints, coatings, plastics, and cosmetics. The demand for TiO2 opacifiers has been steadily increasing, primarily driven by the booming construction industry, rising automotive production, and the growing preference for high-quality cosmetic products. In the construction sector, TiO2 opacifiers are widely used in architectural coatings, providing durability, UV resistance, and whiteness to protect and enhance the appearance of buildings. Moreover, the expansion of the automotive industry has increased demand for automotive coatings containing TiO2 opacifiers, ensuring superior opacity and long-lasting performance. Additionally, the cosmetics industry has witnessed a rise in using TiO2 opacifiers in products such as sunscreens, foundations, and powders, where opacity and UV protection are crucial.

With the growing emphasis on sustainability and environmental consciousness, the market has a rising demand for sustainable opacifiers. Manufacturers are increasingly focusing on developing eco-friendly opacifiers that reduce the environmental footprint without compromising performance. This trend is driven by stringent regulations, consumer preferences for eco-friendly products, and the need to reduce carbon emissions. One of the notable developments in sustainable opacifiers is the shift towards bio-based or renewable opacifying agents. For instance, bio-based opacifiers derived from renewable sources like cellulose and starch are gaining popularity due to their low carbon footprint and biodegradability. Moreover, a growing interest in using recycled materials as opacifiers contribute to the circular economy concept.

Nanotechnology has revolutionized the opacifiers market by introducing innovative materials and manufacturing processes. Nanoparticles offer unique properties, such as improved opacity, enhanced UV resistance, and increased durability, compared to traditional opacifiers. The development of nanoscale opacifiers has opened new avenues in various industries, including paints, coatings, and plastics. Nano-sized opacifiers, such as nanoscale titanium dioxide and zinc oxide, provide enhanced optical properties while requiring lower loading levels, improving cost-effectiveness. These advanced opacifiers also offer better dispersion characteristics, improving color stability and uniformity in end products. Furthermore, nanotechnology enables the development of multifunctional opacifiers with additional properties, such as self-cleaning, antimicrobial, and antistatic features, expanding their application possibilities.

For instance, the increasing demand for titanium dioxide opacifiers, driven by the construction, automotive, and cosmetics industries, remains dominant. Additionally, the market is experiencing a shift towards sustainable opacifiers to meet environmental regulations and cater to consumer preferences. Furthermore, advancements in nanotechnology are driving the development of innovative opacifiers with superior performance and additional functionalities, driving the Opacifiers market revenue.

Opacifiers Market Segment Insights

Opacifiers Application Insights

The Opacifiers market segmentation, based on application, includes paints & coatings, plastics, ceramics, paper, personal care, inks, fibers, home care, and glass. The paints & coatings category generated the most income. Opacifiers such as titanium dioxide and zinc oxide enhance paints' hiding power and opacity, providing a consistent and vibrant color finish. The increasing demand for architectural, automotive, and industrial coatings has propelled the growth of opacifiers in this segment.

Opacifiers Type Insights

The Opacifiers market segmentation, based on type, includes titanium dioxide, opaque polymers, zircon, zinc oxide, and cerium oxide. The titanium dioxide segment dominated the market due to its excellent opacity, brightness, and whiteness properties. It is extensively used in the paint and coatings industry, providing hiding power and enhancing the finished product's durability. Moreover, titanium dioxide finds applications in plastics, ceramics, and personal care products such as sunscreen lotions.

Figure 1: Opacifiers Market, by Type, 2022 & 2032 (USD Billion)

Opacifiers Market, by Type, 2022 & 2032

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Opacifiers Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Opacifiers market area will rapidly grow due to its strong industrial base and robust consumer demand. In addition, the stringent regulations regarding the use of eco-friendly and low-VOC (volatile organic compounds) products are also influencing the market, leading to the adoption of advanced opacifiers.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.



Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Europe's Opacifiers market accounts for the second-largest market share due to the strong presence of the automotive, construction, and packaging industries. Additionally, the increasing demand for premium paints and coatings and the rising consumption of personal care products support the growth of opacifiers in the region. Further, the German Opacifiers market held the largest market share, and the UK Opacifiers market was the fastest-growing market in the European region.

The Asia-Pacific Opacifiers Market will dominate the CAGR from 2023 to 2032. It is due to rapid industrialization, urbanization, and the expanding middle-class population. The rising purchasing power, changing lifestyle patterns, and the growing demand for personal care products further fuel market growth. Moreover, China’s Opacifiers market held the largest market share, and the Indian Opacifiers market was the fastest-growing market in the Asia-Pacific region.

Opacifiers Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the Opacifiers market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The Opacifiers industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Opacifiers industry to benefit clients and increase the market sector. The Opacifiers industry has offered some of the most significant medical advantages recently. Major players in the Opacifiers market, including 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), Venator Materials PLC (UK), and others, are attempting to increase market demand by investing in research and development operations.

Tronox Limited, founded in 2006, and located in Stanford, Connecticut, USA, is an American international chemical company in the titanium dioxide products industry. It is the largest fully integrated seller and manufacturer of titanium dioxide pigment providing brightness to various applications such as coatings, paper, and plastics. It also sells titanium ore and zircon to customers. It also has an electrolytic and specialty chemicals business that services the paper and battery industries. In May 2020, Tronox Holdings plc signed an agreement with Eramet S.A (France) to acquire the TiZir Titanium and Iron ("TTI") business for USD 300 million. In April 2019, Tronox Holdings plc acquired The National Titanium Dioxide Company Limited (Cristal) (Kuwait) for USD 1.67 Billion.

Lomon Billions Group, founded in 1955, is located in the USA and is the world's first manufacturer of high-performance titanium dioxide pigments for all major applications using the sulfate and chloride processes. Titanium dioxide products are the ingredients used to produce various ranges of products globally, which include paints, plastics, inks, and paper. In January 2020, Lomon Billions planned to invest USD 98.5 million in its subsidiary Gansu Guotai Metal Co., Ltd (China). It is a new titanium metal subsidiary that will be mining ilmenite.

Key Companies in the Opacifiers market include

  • 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)

  • Venator Materials PLC (UK)

Opacifiers Industry Developments

August 2019: The Chemours Company took over Southern Ionics Minerals, LLC (SIM) (Florida, US). SIM was in the mining and processing of titanium and zirconium mineral sands.

February 2022: Zochem announced it would expand its zinc oxide production capacity at its Dickson, TN, facility. The new forge will add more than 15,000 metric tons of quantity to the Central Tennessee facility.

June 2022: Aterian Investment Partners merged U.S. Zinc and EverZinc, two of the world's largest producers of zinc chemical products, to form the world's leading zinc chemistry company.

2019 EverZinc acquired two zinc oxide producers: G.H. Chemicals and MicroZinc. The company, after acquiring, changed the names of the acquired companies to EverZinc Canada and EverZinc Refining, respectively.

Opacifiers Market Segmentation

Opacifiers Type Outlook

  • Titanium Dioxide

  • Opaque Polymers

  • Zircon

  • Zinc Oxide

  • Cerium Oxide

Opacifiers Application Outlook

  • Paints & Coatings

  • Plastics

  • Ceramics

  • Paper

  • Personal Care

  • Inks

  • Fibers

  • Home Care

  • Glass

Opacifiers Regional Outlook

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

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