Global Lithopone market 2024-2030

Lithopone is a mixture of barium sulfate and zinc sulfide. It is in use widely as a white pigment powder. Lithopone became famous because it was not very expensive to produce and had higher coverage. Lithopone is not a dangerous product. Barium sulfate one of the chemicals to produce lithopone is a radiocontrast agent. Above that lithopone is allowed to be used near food products in the US and Europe. Lithopone's introduction was after World War I.

Lithopone is mostly used in plastic, paint and coating and more. It is in use as a base for lake pigment. There are many applications of lithopone in the plastic industry and acts as a filler in leather, paper, and linoleum. The target audience for Lithopone is mostly manufacturers, potential investors, trader, distributors, wholesalers, retailers, importers, exporters and government bodies.

The report on global lithopone market shows insights on the current market scenario by conducting over 280 hours of primary and secondary research. As per the report, global lithopone market is growing its area and effective sphere of influence very fast and is gaining popularity. This Global Lithopone Market was valued at US $xxx million in the year 2018 and is expected to rise to US $ xxx million by the year 2023, with a CAGR of xxx %.

The primary growth driver of lithopone market is the use of lithopone in making plastic products. With the rising population and industrialization globally, the demand for various plastic products has increased substantially. As a result, the demand for lithopone will also increase in near future.

The main shortcoming for the growth of global lithopone market is that it is hazardous to the environment and is also an element that causes pollution. This the main reason why the developed countries are not producing lithopone. Another shortcoming for Lithopone is, that its substitute titanium dioxide is less expensive and similarly durable.Presence of this alternative has reduced the growth of this market.

There are five sectors in global lithopone market region wise, namely North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa. China is the largest consumer of lithopone with the market share for consumption being 33%. China is also the largest supplier with nearly the market share being 91% in the year 2018. Europe is the second largest consumer with the consumption rate of 20%.

The key companies in lithopone market are Xiangtan Red Swallow, Paris Horses, Shanghai Yuejiang, Langfanghengze, Loman Chemical, Hebei Yuhuan, Xiangtan Swallow, and Union Titanium.

The research procedure starts with the bifurcation of different market segments of global lithopone market, followed by detection of factors affecting the growth each segment. Then, the market forecasts were built based on the inputs given by the business leaders across global lithopone industry value chain. Market Krystal held more than 40 interviews for this study, details of which are mentioned:

By company type:

Manufacturers (35%), Suppliers (35%), Consumers (10%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (35%), Asia (30%), Europe (35%)

By designation:

Top level (40%), Operation level (30%), Mid-level (30%)

Contents of the report:

• Insights on the global lithopone industry dynamics
• Current estimation of the global lithopone market size in terms of value and volume
• Global lithopone market breakup based on product type and application.
• Authenticated global lithopone market forecast for the next five years
• Comprehensive analysis of the key companies operating across different nodes of global lithopone industry value chain.

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