October 05, 2021
According to the recent research report titled ‘Global Opacifiers Market, 2021-2027’, available with MarketStudyReport, global opacifiers market size is expected to multiply at a CAGR of 4.1% over 2021-2027.
Surging demand from various end-use industries like paints & coatings, personal care, and ceramics are driving global opacifiers market growth, cites the study.
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Moreover, changing lifestyle, rising cognizance about hygiene and skincare products, increasing number of working women, and subsequent surge in demand for personal care products will accelerate the overall market development during the forecast period.
For the unversed, an opacifier is a substance added to a material to make the resultant system opaque.
The report analyses the marketplace in terms of application spectrum, product category, and geographical ambit for a broader perspective of this domain. These sub-markets are individually assessed in terms of their shares, sizes, growth rate, and other crucial parameters to unravel the key avenues for business expansion.
With respect to product landscape, the industry is comprised of zinc oxide, titanium dioxide, opaque polymers, and cerium oxide. Of these, titanium oxide segment is slated to grow substantially over 2021-2027, owing to booming end-use industries such as personal care, paints & coatings, and rising expenditure on superior personal care products.
As per application spectrum, the market is bifurcated into plastics, personal care, paper, paints & coatings, and ceramics.
Speaking of geographical ambit, North America (Mexico, U.S., Canada), Europe (France, U.K., Germany, Italy), Asia Pacific (India, China, South Korea, Japan, ASEAN Countries), Middle East & Africa (Saudi Arabia, Turkey, South Africa), and South America (Brazil, Argentina) define the industry size and scope.
Asia Pacific market is anticipated to grow at a robust rate over the forecast duration owing to flourishing economy and burgeoning population. To expand product scope and demand, regional companies are investing more in research & development to identify uses for opacifiers in unconventional industry categories.
Furthermore, the construction output of APAC countries is gradually increasing due to growth in the population and rise in number of nuclear families, subsequently enhancing the demand for opacifiers in paints & coatings application. The industry is further driven by the increasing spending power of the middle class, and rising living standards across the region.
DuPont de Nemours Inc., Ashland Global Holdings Inc., and Arkema S.A. are a few prominent firms in global opacifiers market sphere. The research literature evaluates these companies based on their strategies, industry share, and financials for a holistic understanding of the competitive landscape.