Opacifiers Market- growth, trends, covid-19 impact, and forecasts (2021 - 2027)
Overview:
The global opacifiers market has been segmented by
type, application, and region.
By product, the global opacifiers market has been
segmented into titanium dioxide, opaque polymers, zircon, zinc oxide, cerium
oxide, antimony trioxide, tin oxide, and arsenic trioxide. Among these, the
titanium dioxide is the leading segment owing to its extensive use as whitener,
scattering visible light resulting in opaque color and creates reflective and
bright quality when applied to a surface. Additionally, it is used as a
thickener and pigment for creams and sunscreen products owing to its
transparent and UV absorption characteristics.
Based on application, the Opacifiers Market has been segmented into
paints & coatings, plastics, ceramics, paper, personal care, inks, fibers,
home care, glass, and others. The paints & coatings segment accounted for a
major market share in 2017 on account of the high demand for paints &
coatings in major end-use industries such as aerospace, automotive,
construction, consumer electronics, marine, and ship-building.
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Regional Analysis
Regionally, the global market has been segmented
into five regions, namely, Asia-Pacific, North America, Europe, Latin America,
and the Middle East & Africa.
The market in Asia-Pacific dominated the global
opacifiers market in 2017 due to the high demand for paints & coatings in
automotive, aerospace, construction, and marine industries. The rapid
industrialization and urbanization in the region are the primary factor
affecting the growth of the Opacifiers market.
The demand from the paints & coationgs,
aerospace, defence, consumer goods, and electronics industries is driving the
market in the North Ameican region.
European market is primarily driven by the high
demand for paints & coatings in automotive industries in countries such as
Germany, UK, France, and Italy.
Competitive Analysis
Some of the manufacturers operating in the global
opacifiers market are 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), and Venator Materials PLC (UK).
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