Press release
UK Lithopone Market To Exceed $1.5 Million By 2025
Lithopone Market
Increasing light weight plastics demand for manufacturing of fuel-efficient vehicles is likely to propel lithopone market growth. The product due to polymerization brightening and enhancing property is used in plastics & polymer industry. It helps in surging extruder yields and decrease processing costs for producing plastics. These factors may stimulate industry growth.
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Lithopone confers opacity and blends easily with organic compounds. The product functions as an inert pigment for ink and paints. It is utilized as a filler in linoleum flooring, paper & pulp, leather products. Lithopone due to its application in sealing and jointing compounds is used in paints & coatings industry. Growing decorative paints utilization in construction activities will drive industry growth.
Growth drivers
1 North America: Growing paints & coatings industry in the region will boost product demand
2 Europe: Rising paper demand may foster industry growth
3 Asia Pacific: Increasing plastic products demand may propel market growth
Lithopone owing to low durability and refractive index is replaced by titanium dioxide. It might cause skin and eye irritation in humans if exposed for an elongated period. These factors may affect lithopone market profitability and market price trends in the forecasted timeframe. The product's low cost as compared to titanium dioxide may propel market growth.
Lithopone market from rubber application may observe significant gains up to 2.5% during projected time. The product is utilized for pigmentation of organic and synthetic elastomers while enhancing rheological performance in rubber blends thus, escalating market. Growing demand for rubber goods in automotive and aerospace industries will have a positive impact on product demand.
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Canada lithopone market from paints & coatings application may surpass USD 2.5 million by 2025. It helps to reduce the overall cost while formulating powder coatings and emulsion paints. The product helps to increase coating's lifespan along with diminishing film cracking which may drive market growth. Escalating industrial activities to cater rising consumer goods demand will fortify product demand.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. VB Technochemicals SA
2. Kremer Pigments Inc.
3. Venator Materials PLC
4. American Elements
5. Heera Chemicals
6. DowDuPont
Global lithopone market share is moderately fragmented and highly competitive with key manufacturers including Kremer Pigments, VB Technochemicals, American Elements, Langfang Pairs Horses Chemical Co., Ltd, Titanos, DowDuPont, Inc. and Venator Materials Plc. Manufacturers are focusing on escalating their marketing network by developing distribution strategies through mergers & acquisition and partnership. Growing investments in research and development activities by companies for product expansion may fortify market growth. Increasing technological advancement in production technology will propel industry size.
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Arun Hegde
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Global Market Insights, Inc.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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