Fior Markets launched a study titled “Global Opacifiers Market by Type (Titanium Dioxide, Opaque Polymers, Zircon, Zinc Oxide, Cerium Oxide, Antimony Trioxide), Application (Ceramics, Plastics, Others), Region, Global Industry Analysis, Market Size, Share, Growth, Trends)” and Global Forecast 2018-2025.
The global opacifiers market is expected to grow from USD 13.2 Billion in 2017 to USD 24.5 Billion by 2025 at a CAGR of 8.0% during the forecast period from 2018-2025. Increased use of new technologies to improve the performance of coatings, higher use of opacifiers in end-use industries such as construction, automotive, aerospace, electronics, and shipbuilding and rise in demand of opacifiers for applications such as plastics and personal care is propelling the growth of the market.
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The titanium dioxide segmentheld largest market share of 26.80% in 2017
The type segment is classified into titanium dioxide, opaque polymers, zircon, zinc oxide, cerium oxide, tin oxide, arsenic trioxide and antimony trioxide. The titanium dioxide segment is dominating the opacifiers market with USD 3.53 Billion in 2017. This dominance is due to increasing demand for personal care products, rise in a number of working women, changing lifestyle and growing awareness of hygiene and skin care products which are altogether fueling the growth of the market in the personal care end-use industry. Also, the increase expenditures on superior personal care products is also driving the titanium dioxide opacifiers market.
Paints & coatings segment valued around USD 3.26 Billion in 2017
The application segment includes paints & coatings, plastics, ceramics, paper, inks, fibres, personal care, home care, glass and others. The paints & coatings segment held market share of 24.70% in 2017. The increased use of paints & coatings is because of the growing construction industry in APAC region. The construction productivity of the APAC countries is rising gradually due to the increasing population and the rise in number of nuclear families. In addition, the increasing purchasing power of the middle-class population and rising standards of living are driving the industry.
Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. Asia Pacific held the largest market share of approximately43.10% in 2017.The Asia Pacific region is dominating the market owing to its growing economy and increasing population. With increased industrialization and employment opportunities, the disposable income has risen considerably. The increasing population and improving lifestyles is leading to the growth of the region.
The major players ofmarketinclude 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 Venator
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