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Opacifiers Market Trends

  • Report ID: GMI8165
  • Published Date: Feb 2024
  • Report Format: PDF

Opacifiers Market Trends

The opacifiers industry is witnessing several prominent trends that are shaping its trajectory. One notable trend is the increasing emphasis on developing opacifiers with enhanced environmental sustainability, driven by regulatory pressures and growing awareness of eco-friendly solutions. Technological advancements are playing a crucial role, with manufacturers focusing on innovations to improve the performance characteristics of opacifiers, such as increased efficiency, durability, and versatility in application. The demand for opacifiers in the personal care sector is on the rise, fueled by the beauty and skincare industry's quest for high-quality formulations with smooth textures and opaque appearances. Additionally, the market is experiencing a surge in demand for opacifiers in plastics, particularly in packaging, as consumers seek visually appealing and opaque packaging solutions. As industries continue to prioritize aesthetics, performance, and sustainability, these trends are expected to drive the evolution of the market in the coming years.
 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global market size for opacifiers was valued at around USD 20.6 billion in 2023 and is anticipated to register over 6.2% CAGR between 2024 and 2032 as it impart opacity or a white appearance to a product, finding extensive use in paints and coatings, plastics, ceramics, and personal care products.

Titanium dioxide segment accounted for USD 14.3 billion in 2023 and will grow significantly through 2032 due to its excellent opacity, brightness, and UV-blocking properties.

U.S. opacifiers industry share was 40.7% in 2023 and will grow through 2032 driven by robust industrial activities, infrastructure development, and a strong presence of key end-use industries.

The Chemours Company, Tronox Holdings plc, Kronos Worldwide, Inc., Tayca Corporation, Arkema S.A., ALTANA AG, and Imerys SA.

Opacifiers Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 250
  • Countries covered: 22
  • Pages: 300
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