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The global opacifiers market size will grow by USD 5.39 billion during 2019-2023 at a CAGR of over 6%. The increasing use in paints and coatings and growing demand for nanoscale titanium oxide-based opacifiers are some of the factors expected to drive market growth. This market report provides a detailed analysis of the market by application (paints and coatings, plastics and ceramics, paper and inks, personal and home care, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors including Arkema, Ashland Inc., DowDuPont Inc., The Chemours Co., and Tronox Holdings Plc.
Opacifiers are additives that are added during the production of translucent objects, such as plastics, paints and coatings, and paper to make them translucent.
Key Insights from Opacifiers Market - Global Forecast 2019-2023
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The demand for nanoscale titanium oxide-based opacifiers is increasing in several applications, including sun protection creams and wood preservatives. The growing demand for nanoscale titanium oxide-based opacifiers can be attributed to its improved mechanical, tribological, and optical properties. Moreover, titanium oxide nanoparticles act as photocatalysts as they use light energy to catalyze reactions with other molecules at low temperatures. Nanoscale titanium oxide-based opacifiers are preferred in sun protection creams because of their ability to protect from harmful UV radiation and ease of application. This growing demand for nanoscale titanium-oxide based opacifiers will be one of the critical opacifiers market trends that will have a positive impact on the growth of this global market.
The ability of opacifiers to scatter visible light and offer opacity will boost its demand for paint applications. Opacifiers ensure better reflection and stability and enhance the appearance and durability of paints. With the increasing demand for paints from the construction, automobile, and packaging industries, the need for opacifiers is also bound to grow. The increasing use of paints and coatings will be a significant factor in driving opacifiers market growth at a CAGR of over 6% during the forecast period.
Quantitative Data
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Qualitative Data
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The application segment has been segregated into paints and coatings, plastics and ceramics, paper and inks, personal and home care, and others. The paints and coatings segment accounted for the highest opacifiers market share in 2018. During the forecast period, the paints and coatings and plastics and ceramics segments will grow at a faster pace than the overall market. The paper and inks, personal and home care, and other segments will grow at a slower pace than the overall market.
The rising number of residential and non-residential construction projects and the growth of the automobile industry will boost the demand for paints and coatings, consequently driving the need for opacifiers in paints and coating applications.
APAC accounted for the highest market share in 2018. The market’s growth in this region will be faster than the growth of the market in other regions and will account for the largest opacifiers market share throughout the forecast period. China is a key market for opacifiers in this region.
Factors such as the increasing commercial and residential construction, rising investments in infrastructure development, and increasing demand for easy-to-cook meals will fuel opacifiers market growth in this region.
The global opacifiers market is fragmented. To help clients improve their position, this opacifiers market analysis report provides information on the competitive landscape and the products offered by various companies. Moreover, this opacifiers market research report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
The report offers a detailed analysis of leading opacifiers manufacturers, including:
Opacifiers market by application
Opacifiers market by region
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: EXPLORE TECHNAVIO
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