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Lithopone Market Size
- Report ID: GMI3518
- Published Date: Jun 2019
- Report Format: PDF
Lithopone Market Size
Lithopone Market size exceeded USD 175 million in 2018 and expects demand of above 145 kilo tons by 2025.
Rapid development in polymers and plastics industry will positively impact lithopone market growth. The product owing to chemical inertness and low abrasiveness have applications in plastic manufacturing sector. Rising plastics demand for producing light weight vehicles will boost the market growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2018 |
| Lithopone Market Size in 2018: | 175 Million (USD) |
| Forecast Period: | 2019 to 2025 |
| Forecast Period 2019 to 2025 CAGR: | 4.5% |
| 2025 Value Projection: | 235 Million (USD) |
| Historical Data for: | 2014 to 2018 |
| No. of Pages: | 350 |
| Tables, Charts & Figures: | 627 |
| Segments covered: | Product, Application and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Rising disposable income and changing purchasing patterns of consumer will boost leather industry growth. Leather goods market is expected to witness substantial gains over 5% by 2025. Lithopone is used to fill tears and holes in leather goods. Rising leather goods demand due to their fancy and stylish appearance will amplify lithopone industry growth.
Lithopone is co precipitated combination of barium sulphate and zinc sulphide. It functions as a cost-effective alternative of titanium dioxide. Titanium dioxide and lithopone’s combination helps to decrease lacing and improves mechanical properties in plastic industry. The product aids in reducing overall system costs. Lithopone overcomes the limitations of lead carbonate of poor weathering and high toxicity.
Global flooring industry size may witness gains over 5.5% in the estimated timeline. Lithopone is used for covering cracks and other damage for linoleum flooring owing to good dispersibility. Increasing remodelling and constructing activities due to expanding retail chain network will foster flooring demand which may enhance lithopone market growth.
Lithopone is used for pigmentation of natural and synthetic elastomers. Global industrial rubber market may witness gains over 4.5% by 2022 due to increasing investments in several industries including automotive and electrical. The product also helps to enhance rheological performance in rubber blends. These factors will boost rubber production hence fortifying lithopone industry size.
Lithopone is replaced by titanium dioxide due to its comparatively more durable nature. Lithopone products may cause skin and eye irritation if exposed for a longer duration. These factors would impact the market growth and industry price trends. However, lithopone’s less cost as compared to titanium dioxide will foster industry growth.
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Lithopone Market Scope
