(MENAFN- America News Hour) The global market for opacifiers is expected to grow at a CAGR of over 4% during the forecast period. The major factor driving the market studied is a growing demand from various applications. On the flip side, stringent environmental regulations and unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.
– Applications of opacifiers in personal care are expected to grow at a considerable rate over the forecast period.
– Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from countries such as China, India, and Japan.
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Key Market Trends
Increasing Demand for Personal Care Application
– The personal care segment accounted for one of the largest shares, in terms of application of the opacifiers market in 2019.
– Opacifiers are additives and are used in shampoos, bath and shower gels among others. They mainly offer dense, milky or creamy appearance.
– Opacifiers such as titanium dioxide provides brightness and whiteness in surfactant-based formulations.
– Globally, the personal care market has been growing continuously with significant growth. Many companies are launching new range of hair and body care products as well as reintroducing some of their products in new formula which is attracting more consumers.
– Asia-Pacific represent the largest market for personal care products, due to its increasing population and growing awareness about wellness. In Asia-Pacific region, countries such as China, Japan, India etc., account for major market for personal care.
– Additionally, personal care market is growing at a positive rate in European countries such as Germany, UK, and Italy, among others. Germany represent the largest market for personal care and cosmetics in Europe. The country is also one of the major exporters of cosmetics and personal care products across the world.
– Additionally, the hair and skin care industry in Italy has shown promising growth over the years and is expected to remain positive over the forecast year as well.
– Therefore, the growing personal care sector is expected to boost the demand for opacifiers during the forecast period.
Asia-Pacific Region to Dominate the Market
– Asia-Pacific region is account for the largest market for opacifiers during the forecast period.
– The growth from the personal care segment is majorly due to the increasing skin- and hair-related problems, like acne, rosacea, ichthyosis, dry hair, scalp diseases, grey hair, dandruff, and premature baldness, among others. This is likely to lead to a growth in demand for personal care products, and consequently to the growth of the opacifiers market, across the region.
– Currently Asia-Pacific region accounted more than 30% of the global beauty and personal care marketplace. Owing to the South Korean and Japanese innovation, coupled with the growing demand from China, the production of personal care products in the region is likely to increase in the coming years.
– The emerging economies, such as China, India, Indonesia, Vietnam, and Philippines, in the Asia-Pacific region have been witnessing a robust growth in construction activities. This is expected to considerably increase the growth for the ceramics, plastics, and paints & coatings, etc.,
– In Asia-Pacific, the construction sector has been witnessing robust growth, fueled by the increasing manufacturing and service sector infrastructure, increasing housing construction, and noticeable government spending on public constructions.
– Hence, with such trends, the demand for opacifiers in Asia-Pacific region is expected to grow during the forecast period.
Competitive Landscape
The global opacifiers market is partially fragmented. The major companies of the market studied include Dow, Arkema S.A., Ashland, Tronox Holdings plc, and KRONOS Worldwide, Inc. among others.
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1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Growing Demand from Various Applications
4.1.2 Other Drivers
4.2 Restraints
4.2.1 Stringent Government Regulations
4.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak
4.3 Industry Value Chain Analysis
4.4 Porters Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5 MARKET SEGMENTATION
5.1 Type
5.1.1 Titanium Dioxide
5.1.2 Opaque Polymers
5.1.3 Zinc Oxide
5.1.4 Cerium Oxide
5.1.5 Others
5.2 Application
5.2.1 Ceramics
5.2.2 Paints & Coatings
5.2.3 Paper
5.2.4 Personal Care
5.2.5 Plastics
5.2.6 Others
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 Italy
5.3.3.4 France
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)/Ranking Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 AMGEEN MINERALS
6.4.2 Arkema Group
6.4.3 Ashland
6.4.4 Dow
6.4.5 Indulor Chemie GmbH
6.4.6 KRONOS Worldwide, Inc.
6.4.7 OMNOVA Solutions Inc.
6.4.8 Tronox Holdings plc
6.4.9 Venator Materials PLC
6.4.10 Quaternia
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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