Lithopone Market Forecast, Size 2022-2027 | Industry Share, Report, Trends and Growth

The latest research study "Lithopone Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the global lithopone market size reached US$ 163.4 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 201.56 Million by 2027 exhibiting a growth rate (CAGR) of 3.30% during 2022-2027.

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What is Lithopone ?

Lithopone refers to a white pigment for plastics, such as vinyl resins, acrylonitrile butadiene styrene (ABS), polyolefin, polystyrene, polycarbonate, nylon, polyoxymethylene (POM), etc. It has a pleasing texture with the same tinctorial strength as pure zinc oxide and more vital covering qualities than white lead.

As it can spread faster than traditional pigment-oil pastes, lithopone finds widespread applications in decorating interior wall surfaces and manufacturing leather, paper, inks, linoleum, face powders, paints, coatings, etc., across the globe.

Covid-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Lithopone Market Trends and Drivers:

The escalating product demand in the paints and plastic processing industry to increase the ultraviolet (UV) tolerance of products, owing to its low binder requirement, is primarily driving the lithopone market. Besides this, the increasing need for interior and exterior coatings in the residential and industrial sectors is further augmenting the market growth.

Moreover, the introduction of nanoscale and reinforced lithopone with increased weather resistance by the leading players is also catalyzing the global market. Apart from this, the rising product utilization to fill tears and holes in leather goods and the development in plastic forming technology are acting as significant growth-inducing factors.

Furthermore, the elevating requirement for this white pigment in natural and synthetic elastomers is anticipated to propel the lithopone market over the forecasted period.

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Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Product:
• Lithopone 28%
• Lithopone 30%
• Lithopone 60%

Breakup by Application:
• Paints and Coatings
• Plastics
• Printing Inks
• Paper and Pulps
• Rubber
• Leather
• Others

By Geography:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

List of Major Key Players:

The major players in the market are
• American Elements
• Anhui Union Titanium Enterprises Co. Ltd.
• Fengchen Group Co. Ltd
• Heera Chemicals
• Kremer Pigments Inc.
• Langfang Pairs Horses Chemical Co. Ltd
• Natural Pigments Inc.
• Shanghai Yuejiang Titanium Chemical Manufacturer Co. Ltd.
• Titanos Group Limited
• VB Technochemicals SA
• Venator Materials PLC (Huntsman Corporation)
• Wuhu Loman Chemical Co. Ltd.
• Xiangtan Red-Swallow Chemical Co. Ltd.
• Zhengzhou Vidar Water Industrial Co. Ltd.

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This release was published on openPR.