Opacifiers Market Trends Future Growth and Revenue Analysis Forecast Till 2023


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Shibuya Data Count

Sep 27, 2021, 02:57 EST


Shibuya-ku, Tokyo, Japan, Japan, Sep 27, 2021, 02:57 /Comserve / -- The opacifiers market size is estimated to be USD 15.2 billion in 2018 and is projected to reach USD 20.6 billion by 2023, at a CAGR of 6.2% between 2018 and 2023.

The opacifiers market size is estimated to be USD 15.2 billion in 2018 and is projected to reach USD 20.6 billion by 2023, at a CAGR of 6.2% between 2018 and 2023. The primary market drivers are the growth of end-use industries such as personal care, ceramics, and paints & coatings. Stringent environmental regulations against certain oxides are considered as a threat to the market. On the other hand, the role of nanotechnology in manufacturing titanium dioxide and technological advancements to improve the efficiency of opaque polymers will act as an opportunity for the market.

A major driver of the opaque polymers market is the increasing prices of titanium dioxide. Out of total titanium dioxide used in the paints & coatings application, up to 10% to 20% is being replaced with opaque polymers to reduce the manufacturing cost of decorative paints and personal care products. The increasing use of these polymers in the decorative paint's application in the construction industry is another major driver of the opaque polymers segment. APAC is a key market of opaque polymers and is expected to witness significant growth during the forecast period. Rapid infrastructural development in countries such as China and India are expected to increase the demand for opaque polymers in this region.

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Paints & coatings is estimated to be the largest application segment in 2018 and is expected to continue its dominance throughout the forecast period. Opacifiers have a high demand in the paints & coatings application in APAC. This is due to the surge in building & construction, appliances, automotive, and other end-use industries, high economic growth rate, and increasing standard of living and disposable income. Economic & demographic growth, increasing residential building activities, growing urbanization, and housing construction expenditure are the important drivers of the opacifiers market in the paints & coatings application.

APAC is the fastest-growing opacifiers market. The rapid industrialization coupled with the growing plastics industry drive the market in the region. The rising disposable income of consumers along with the changing lifestyle plays a significant role in boosting the growth of the opacifiers market. APAC consists of approximately 60.0% of the global population, which is expected to increase the demand for paints & coatings, detergents, and personal care products. Factors such as advances in civil construction and the high demand for efficient paints drives the architectural paints & coatings market. This paint provides protective layers to buildings and prevents them from corrosion, dampness, and damages caused due to extreme weather conditions. APAC is the largest market of opacifiers globally due to the presence of the largest and fastest-growing economies such as China and India in the region.

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The Final Report will cover the impact analysis of COVID-19 on this industry: Opacifiers Market Trends Future Growth and Revenue Analysis Forecast Till 2023

In the process of determining and verifying the market size for several segments and subsegments identified through secondary research, extensive primary interviews were conducted. A breakdown of the profiles of the primary interviewees are as follows:
• By Company Type: Tier 1 - 45%, Tier 2 - 30%, and Tier 3 - 25%
• By Designation: C-Level - 46%, Director Level - 25%, and Others - 29%
• By Region: North America - 27%, Europe - 27%, APAC - 33%, South America - 7%, and Middle East & Africa - 6%,

Research Coverage
This report segments the market for opacifiers on the basis of type, application, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisition associated with the market for opacifiers.

Reasons to Buy this Report
This research report is focused on various levels of analysis — industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the opacifiers market; high-growth regions; and market drivers, restraints, opportunities, and challenges.

TABLE OF CONTENTS

1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 MARKET DEFINITION 16
1.2.1 MARKET SCOPE 17
1.2.2 YEARS CONSIDERED FOR THE STUDY 17
1.3 CURRENCY 18
1.4 UNIT CONSIDERED 18
1.5 LIMITATIONS 18
1.6 STAKEHOLDERS 18

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