Allied Market Research
Loading...
Cart
0

Lithopone Market is Expected to Reach $218.6 Million by 2027

 

Report Code : A10663

quote The global Lithopone market is expected to grow at a steady pace during the forecast period. Primarily, the paints & coatings segment as well as the plastics segment is set to play an important role in the Lithopone market during the forecast period. Rise in construction activities and urbanization in countries such as India and China, is projected to lead to increased demand for white pigments such as Lithopone. Apart from these two segments, major revenue contribution is expected from printing inks, rubber, and leather industries. quote

Eswara Prasad
Manager, Materials & Chemicals at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled," Lithopone Market by Application: Opportunity Analysis and Industry Forecast, 2020-2027," the global Lithopone market was valued at $169.8 million in 2019, and is projected to reach $218.6 million by 2027, growing at a CAGR of 3.3% from 2020 to 2027.

Lithopone is a white crystalline powder formed by the mixture of zinc sulfide and barium sulfate. More the zinc sulfide, the stronger the hiding power and the higher is the quality of Lithopone. It is a white pigment with functional properties suitable for several applications, ranging from paint formulations to use as a cosmetic ingredient. It is chemically inert and insoluble in acids, alkalis, and solvents. Compared to other white pigments, Lithopone has low resin requirement and excellent rheological behavior. Moreover, Lithopone offers high brightness to the substrate and offers economic advantages. 

Presently, the use of inorganic white pigments in the plastic processing industry and paint industry is driving the demand for Lithopone. In the plastic processing industry, Lithopone is used to improve the product quality by partially replacing TiO2. In addition, the addition of Lithopone in the plastic processing decreases processing costs by increasing extruder yields. In water and oil-based paints, Lithopone is used to provide thixotropy, thus, improve gloss and flow. 

The presence of alternative white pigments poses a huge challenge for the growth of the global Lithopone market during the forecast period. It includes Zinc White, Titanium Dioxide, Calcium Carbonate, Blanc Fixe, and Barytes. Among these alternatives, the use of TiO2 has replaced Lithopone in almost all applications.  

The global Lithopone market is segmented into application and region. Based on the application, the global Lithopone market is segmented into paints and coatings, plastics, printing inks, paper and pulps, rubber, leather, and others. The paints & coatings segment contributed the largest in the global Lithopone market share. Lithopone is added to paint as a white pigment to enhance its surface properties such as UV resistance and resistance to fungicidal and algae growth. It is added to wall putties, primers, and road-marking paints.  Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the market, followed by North America and Europe. 

The major companies profiled in this report include Anhui Union Titanium Enterprise Co. Ltd., Fengchen Group Co. Ltd., Henan Premtec Enterprise Corporation, Langfang Pairs Horses Chemical Co. Ltd., Natural Pigments Inc., Noah Technologies Corporation, Titanos Group, VB Technochemicals SA, Venator Materials PLC, and ZhengZhou Sino Chemical Products Co. Ltd. 

Development of new Lithopone products is expected to offer fresh opportunities for the global Lithopone market growth during the forecast period. Non-toxic Lithopone, reinforced Lithopone, and Nano-scale Lithopone are some of the various types of Lithopone that are being developed. Commercial product launch of such products will provide a boost to the global Lithopone market during the forecast period. 

Key findings of the study

  • The Asia-Pacific Lithopone market is projected to grow at the highest CAGR of nearly 4.10%, in terms of revenue, during the forecast period.
  • By application, the paints & coatings segment accounted for the largest market share in 2019.

Impact of COVID-19 on the global lithopone market

  • The COVID-19 pandemic led to a global economic slowdown that resulted in a decline for pigments.
  • The pandemic led to delays in numerous construction projects globally. Lithopone is used in road-marking paints, hence delays in road construction hit the demand for white pigments such as Lithopone. 
  • Closure of automotive plants reduced the demand for industrial paints and coatings. 
  • A similar decline in demand was observed in other applications of Lithopone such as leather, paper & pulp, and rubber. 
  • However, the demand for plastics increased during the pandemic, and is expected to grow during the forecast period.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Ram D
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Lithopone Market by Application (Paints and Coatings, Plastics, Printing Inks, Paper and Pulps, Rubber, Leather, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027 quote

View Report
 
 
Avenue Video Loading...

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Lithopone Market"
Purchase Enquiry