Global Lithopone Market Size worth $235 Mn by 2025
Published Date: June 25, 2019 Authors: Kunal Ahuja, Sonal Singh
Lithopone Market size is set to surpass USD 235 million by 2025; according to a new research report by Global Market Insights, Inc.
Growing construction activities owing to increasing urbanization will propel paints and coatings demand which will further increase lithopone market size. The product owing to its utilization in sealing and jointing compounds is widely used in the paints and coatings industry. Increasing paints utilization for decorative purposes will boost industry growth.
Global lithopone market size from paper & pulp application is anticipated to exceed USD 25 million by 2025. The product helps to achieve high dry opacity in the pulp. It also helps to improve paper porosity. Increasing paper bags demand due to plastic carry bags’ harmful environmental impact will propel paper production which will boost the market growth.
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The product owing to its strong reducing power and chemically inert nature is utilized in linoleum flooring, printing ink, paint & coatings, paper & pulp, leather, rubber, and plastics industries. Increasing industrial activities to meet the growing demand of consumer goods will fortify product demand.
Lithopone 30% market size is expected to witness significant gains at 3.0% by 2025. It comprises of 30% zinc sulphide and 70% barium sulphate. It is available in coated and uncoated forms. The product owing to polymerization brightener effects enhancing property is used in plastics and polymer industry. Growing plastics demand for manufacturing electronic goods including remotes, laptops, and televisions will foster product demand hence, increasing lithopone market growth.
Browse key industry insights spread across 350 pages with 611 market data tables & 16 figures & charts from the report, “Lithopone Market Size By Product (Lithopone 28%, Lithopone 30% [Coated, Uncoated], Lithopone 60%), By Application (Paints & Coatings, Plastics, Printing Inks, Paper & Pulp, Rubber, Leather, Linoleum Flooring), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
Titanium dioxide is utilized as a substitute due to its durable nature and high refractive index. The product is widely used in paints & coating industry. Lithopone may cause eye and skin irritation in human beings. These factors may hamper market profitability and market price trends.
UK lithopone market size from paints & coatings application is anticipated to exceed USD 4.5 million by the end of 2025. B3011 owing to its utilization in putties is used in paint and coatings industry. Putties helps to smoothen the wall surface before painting. Increasing infrastructural projects and commercial construction will foster paints demand hence, amplifying the market size.
Global lithopone market size from leather application is anticipated to witness significant gains over 2.0% by 2025. B311 functions as filler in leather sector. Rising living standards and presence of several premium leather brands including Gucci and Versace will stimulate product demand.
China market size from rubber application is anticipated to surpass USD 3.0 million by 2025. The product provides resistance against ageing and light in rubber products. Increasing demand of rubber from automotive industry for tires, brakes, car interiors and flooring will positively impact rubber production which may in turn increase market growth.
Lithopone market is fragmented with key industry participants including Kremer Pigments, American Elements, VB Technochemicals, Langfang Pairs Horses Chemical Co., Ltd., DowDuPont, Inc. and Titanos. Manufacturers are making heavy investments in R&D, and product innovation in order to cater increasing market growth.
The lithopone market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in tons and revenue in USD from 2014 to 2025, for the following segments:
- Lithopone 28%
- Lithopone 30%
- Lithopone 60%
- Paints & Coatings
- Printing Inks
- Paper & Pulp
- Linoleum Flooring
The above information is provided on a regional and country basis for the following:
- North America
- Asia Pacific
- South Korea
- Saudi Arabia
- South Africa