Opacifiers Market to See 6.3% Annual Growth Through 2023

Industry Boosted by Fast-Growing Economies

July 03, 2019

WELLESLEY, Mass., July 03, 2019–Technology use by large and fast-growing economies such as India and China is driving growth of the global opacifiers market, according to a report by BCC Research, “Opacifiers: Oxides and Opaque Polymers, Characteristics, Applications and Markets.”

The market expects to see a compound annual growth rate (CAGR) of 6.3% through 2023, when it could be worth $20.8 billion.

Major players in the market include En-Tech Polymer Co., Ltd., Alkane Resources Ltd. (ALKEF), Evonik (EVKIF) and Arkema Inc. (ARKAY).

Research Highlights

  • Paints and coatings as a segment of the market should grow from $4.1 billion in 2018 to reach $5.7 billion by 2023 at a CAGR of 6.7 %.
  • The ceramics segment should grow from $3.1 billion in 2018 to reach $4.3 billion by 2023 at a CAGR of 6.4%.
  • Asia-Pacific is the largest regional market for opacifiers, accounting for around 50% of the global market.

Read the full report here: https://www.bccresearch.com/market-research/advanced-materials/opacifiers-oxides-and-opaque-polymers-market-report.html

“Key end-use industries such as paints and coating, ceramics, plastics and personal care are driving the demand for titanium dioxide,” notes BCC Research analyst Aneesh Kumar. “Among the various applications of opacifiers, the paints and coatings segment is expected to account for the majority of the market, followed by the ceramics industry.”

Potential for Growth in the Personal Care Segment

Manufacturers of chemical products are trying hard to satisfy the increasing demand for ingredients needed for personal care products such as oral, hair and skin care products. As an industry that is huge and growing rapidly, this is a challenge for the chemical companies. But the potential for growth is considerably huge in this industry, mainly because of factors such as increasing disposable income in emerging countries, an increasing aging population in western countries and an increase in demand for products in new sub-segments of the personal care industry such as halal beauty, bio-based skin care and a rising men’s grooming market.

Editors/reporters requesting analyst interviews should contact Sarah Greenberg at press@bccresearch.com.

Opacifiers: Oxides and Opaque Polymers, Characteristics, Applications and Markets( AVM195A )
Publish Date: Jun 2019    

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