LONDON--(BUSINESS WIRE)--The global opacifiers market is expected to post a CAGR of more than 6% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
Opacifiers improve the overall appearance as well as durability of paints. They also help scatter visible light and offer opacity to paints and ensure better reflection and stability. The increasing use of paints and coatings in end-user industries such as the construction, automobile, and packaging industries will have a positive impact on the demand for opacifiers. In addition, the revival of construction activities in emerging economies such as China, India, Indonesia, and Brazil will fuel the growth of the global opacifiers market during the forecast period.
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As per Technavio, the growing demand for nanoscale titanium-based opacifiers will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Opacifiers Market: Growing Demand for Nanoscale Titanium-Based Opacifiers
Nanoscale titanium oxide-based opacifiers are increasingly being used in various products such as sun protection creams and wood preservatives. Sun protection creams made of nanoscale titanium oxide-based opacifiers are easier to apply and provide better protection from UV radiation compared to sun creams made of titanium oxide microparticles. Increasing investments in the development of titanium oxide opacifiers are expected to provide new growth opportunities for market vendors during the forecast period.
“Rise in innovations in packaging, increasing M&A and capacity expansions are some other major factors that will boost market growth during the forecast period”, says a senior analyst at Technavio.
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Global Opacifiers Market: Segmentation Analysis
This market report segments the global opacifiers market by application (paints and coatings, plastics and ceramics, paper and inks, personal and home care, and others) and geography (APAC, Europe, MEA, North America, and South America).
The APAC region led the market in 2018, followed by Europe, North America, MEA, and South America respectively. During the forecast period, the APAC region is expected to maintain its dominance over the global market. This is due to factors such as the growing demand for easy-to-cook meals and increasing commercial and residential construction in countries such as India, Singapore, and Indonesia.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Geographic segmentation
- Geographic comparison
- Key leading countries
- Landscape disruption
- Competitive scenario
- Vendors covered
- Vendor classification
- Market positioning of vendors
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