Opacifiers Market worth $20.6 billion by 2023 | Key Players include DowDuPont, Arkema, Ashland Global Holdings Inc., Tayca Corporation, Chemours Company, Tronox Limited, Kronos Worldwide Inc., Cristal, Alkane Resources Ltd, En-tech Polymer Co. Ltd., and V

According to recent market research "Opacifiers Market by Type (Titanium Dioxide, Opaque Polymers, Zircon, Zinc Oxide, Cerium Oxide, Antimony Trioxide), Application (Paints & Coatings, Plastics, Ceramics, Paper, Inks, Fibres, Inks, Personal Care, Home Care, Glass) - Global Forecast to 2023", The opacifiers market is projected to reach USD 20.6 billion by 2023, at a CAGR of 6.2% from USD 15.2 billion in 2018. Paints & coatings is the largest application in the opacifiers market.

Paints & coatings have a wide range of applications in end-use industries, such as automotive, aerospace, marine, wood, general industrial, and others. Growth is observed in the coatings industry owing to their upcoming applications, for example, wood and plastics. The growth in end-use industries such as architecture, automotive, aerospace, marine, wood, and protective clothing is driving the opacifiers market in the paints & coatings applications.

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The opacifiers market size is projected to reach USD 20.6 billion by 2023 from USD 15.2 in 2018 at a CAGR of 6.2% between 2018 and 2023. Opacifiers are the chemicals which when added to a material, provides opacity to the material. Growing demand for opacifiers in end-use products is driving its market. Industries such as personal care, plastics, ceramics, and paints & coatings will drive the opacifiers market. Factors such as rising urbanization, increase in a number of working women, changing lifestyle, and growing awareness of hygiene and skin care products are fueling the growth of the opacifiers market in the personal care end-use industry. For ceramics, growing demand for ceramic tiles and sanitary ware products are driving the opacifiers market. Growing population and rapid urbanization play a crucial role in driving the real estate industry, globally. This factor positively influences the growth of the ceramic sanitary ware market, which, in turn, will drive the opacifiers market. Real estate is experiencing faster growth in developing countries, as these economies provide more opportunities for investors owing to rapid urbanization and rising income levels.

Based on type, the opacifiers market has been segmented into titanium dioxide, opaque polymers, zircon, zinc oxide, cerium oxide, antimony trioxide, tin oxide, and arsenic trioxide. Titanium dioxide is accounted to be the largest type segment in the opacifiers market. The growth of end-use industries such as paints & coatings, personal care, and plastics are driving the market. The importance of hygiene and personal health has propelled the need for personal care products. This change has led to the increased manufacturing of skin care and hair care products, thus driving the demand for opacifiers in the personal care industry which has also resulted in of the high demand for titanium dioxide as opacifiers.

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The opacifiers market size is estimated to be USD 15.2 billion in 2018 and is expected to reach USD 20.6 billion by 2023, with a CAGR of 6.2% during the forecast period. Factors such as growth in end-use industries, namely, paints & coatings, plastics, and ceramics are expected to drive the market. The major restraint for the market will be the regulations imposed on usage of certain oxides. However, the role of nanotechnology and technological advancements in opacifier production will act as an opportunity for the market.

Players in the opacifiers market are mainly concentrating on new product launches, agreements, mergers & acquisitions, and expansions to meet the growing demand for opacifiers for various applications. New product launches help companies to strengthen their product portfolio and meet specific demands of customers.

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DowDuPont (US) is one of the leading players in the opacifiers market. In order to expand its business, the company is focusing on enhancing its market reach by entering new markets and regions. For instance, in May 2017, DowDuPont signed an agreement to establish a new polymer manufacturing site in Jubail (Saudi Arabia). This expansion enabled it to capture the opaque polymers market in Saudi Arabia and to increase revenue. Similarly, Chemours Company (US) began the commercial startup of its new titanium dioxide line at its Altamira plant in the Mexican state of Tamaulipas in May 2016.

Chemours Company (US) is also amongst the leading suppliers of opacifiers. It caters to the demand for specialized opacifiers in North America, South America, the Middle East & Africa, Europe, and APAC. It has a strong foothold in the markets in APAC, North America, and Europe, generating a majority of its revenue. It has expanded its R&D centers and floor capacity by continuously investing in the expansion of laboratories, which enables the company to cater to the demand of customers effectively.

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