Lithopone Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Lithopone Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global lithopone market size reached US$ 168.8 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 203.9 Million by 2028, exhibiting a growth rate (CAGR) of 3% during 2023-2028.

Lithopone is a white pigment for plastics, such as polyolefin, vinyl resins, acrylonitrile butadiene styrene (ABS) resin, polystyrene, polycarbonate, nylon, and polyoxymethylene (POM). It has a fine texture with the same tinctorial strength as pure zinc oxide and stronger covering properties than white lead. As it can spread more quickly compared to traditional pigment-oil pastes, lithopone finds application in decorating interior wall surfaces. Besides this, it is widely used in the manufacturing of inks, leather, paper, linoleum, and face powders.

Lithopone Market Trends:
Due to its low binder requirement, there is a rise in the usage of lithopone in paints. This, along with its growing utilization in the plastic processing industry to increase the ultraviolet (UV) tolerance of plastic products, represents one of the key factors driving the market. Moreover, the escalating demand for interior and exterior paints in the residential and industrial sectors is propelling the growth of the market. Apart from this, there is an increase in the employment of white plastic materials in consumer products worldwide. This, coupled with the rising development in plastic forming technology, is offering lucrative growth opportunities to industry investors. Furthermore, key market players are extensively investing in research and development (R&D) activities to introduce nanoscale and reinforced lithopone with increased weather resistance. Apart from this, the escalating demand for lithopone to fill tears and holes in leather goods is bolstering the growth of the market. The growing application of lithopone in the pigmentation of natural and synthetic elastomers is projected to strengthen the growth of the market as well as the overall sales and profitability of market players operating in the industry.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global lithopone market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product and application.

Breakup by Product:

Lithopone 28%
Lithopone 30%
Lithopone 60%

Breakup by Application:

Paints and Coatings
Plastics
Printing Inks
Paper and Pulps
Rubber
Leather
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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. and Zhengzhou Vidar Water Industrial Co. Ltd.

Key Questions Answered in This Report:
How has the global lithopone market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global lithopone market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global lithopone market and who are the key players?
What is the degree of competition in the industry?