Report Attribute Key Statistics Base Year Forecast Years - Historical Years - Market Size in USD 178.4 Million Market Forecast in USD 225.2 Million Market Growth Rate (-) 2.49%The global lithopone market size reached USD 178.4 Million in . Looking forward, IMARC Group expects the market to reach USD 225.2 Million by , exhibiting a growth rate (CAGR) of 2.49% during -.
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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.
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.
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 levels from -. Our report has categorized the market based on product and application.
Breakup by Product:
Breakup by Application:
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Breakup by Region:
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.
Dublin, June 21, (GLOBE NEWSWIRE) -- The "Lithopone Market by Application: Global Opportunity Analysis and Industry Forecast, -" report has been added to ResearchAndMarkets.com's offering.
The global Lithopone market was valued at $169.8 million in , and is projected to reach $218.6 million by , growing at a CAGR of 3.30% from to .
Lithopone is an inorganic white pigment, obtained from co-precipitation of Zinc sulfide (ZnS) and Barium sulfate (BaSO4). Titanium Dioxide (TiO2) has replaced Lithopone as a white pigment in majority applications as TiO2 is more durable. However, it is much cheaper than TiO2 and has advantages such as low binder requirement and good dispensability. As a white pigment, it can improve the substrate's weather resistance, and improve the fungicidal properties of paint formulations. Some of the major applications of Lithopone include manufacturing of paint pigments, plastic & rubber products, paper, printing inks, cosmetics, and leather & linoleum products. It is commercially available under names such as pigment white 5, Barium zinc sulfate sulfide, Becton White, C.I. , Charlton White, Enamel White, and Zincolith. On the basis of content of ZnS, Lithopone is available at 28%-30% Lithopone and 60% Lithopone.
The surge in demand for interior and exterior paints and use of plastic across various end-use industries drive the global Lithopone market. Lithopone white pigment is used in paints and coating systems that find applications in residential and industrial landscapes. Hence, as the construction & building sector flourishes, the demand for building and architectural materials such as paints and coatings will increase. This trend is conducive for the Lithopone market growth. In addition, white plastic materials are increasingly being used in consumer products. Developments in plastic forming technology is anticipated to indirectly boost plastic production, thus, increasing the demand for white pigments during the forecast period.
The availability of other white pigments poses a major challenge for the Lithopone market during the forecast period. Other alternatives to Lithopone include Zinc White, Titanium Dioxide, Calcium Carbonate, Blanc Fixe, and Barytes. The use of TiO2 has reduced the commercial significance of the Lithopone in the pigments industry.
Developing new Lithopone formulations, one that enhances the properties of the existing Lithopone is anticipated to boost the demand for Lithopone white pigment during the forecast period. Reinforced Lithopone is one such development, wherein a copolymer is added to the polymerization reaction to yield Lithopone with an increased weather resistance and an anti-ultraviolet property. Moreover, development of nano-scale Lithopone is also anticipated to attract market interest during the forecast period.
The major applications studied in the report include paints & coatings, plastics, printing inks, paper & pulps, rubber, leather, linoleum, and others. 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 global Lithopone market is highly consolidated and a major bulk of Lithopone is produced in China. Some of the major Lithopone producers 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.
Key benefits for stakeholders
Key Topics Covered:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET LANDSCAPE
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.2.2. Porter's five forces analysis
3.3. Market dynamics
3.3.1. Drivers
3.3.1.1. Use of Lithopone in the paints & coatings industry:
3.3.1.2. Growing use of Lithopone in the plastics processing industry
3.3.1.3. Increasing end-uses of rubber products:
3.3.2. Restraint
3.3.2.1. Availability of alternative inorganic white pigments, mainly Titanium Dioxide (TiO2) pigments
3.3.3. Opportunities
3.3.3.1. New product development
3.4. Value chain analysis
3.5. Impact of key regulation
3.6. Impact of the COVID-19 on the global Lithopone market
3.7. Patent analysis, -
CHAPTER 4: LITHOPONE MARKET, BY APPLICATION
4.1. Overview
4.1.1. Market size and forecast
4.2. Paints & Coatings
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.3. Plastics
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.4. Printing Inks
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.5. Paper and Pulps
4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast, by region
4.6. Rubber
4.6.1. Key market trends, growth factors, and opportunities
4.6.2. Market size and forecast, by region
4.7. Leather
4.7.1. Key market trends, growth factors, and opportunities
4.7.2. Market size and forecast, by region
4.8. Others
4.8.1. Key market trends, growth factors, and opportunities
4.8.2. Market size and forecast, by region
CHAPTER 5: LITHOPONE MARKET, BY REGION
5.1. Overview
5.1.1. Market size and forecast
5.2. North America
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by application
5.2.3. Market share analysis, by country
5.2.4. U. S.
5.2.4.1. Market size and forecast, by application
5.2.5. Canada
5.2.5.1. Market size and forecast, by application
5.2.6. Mexico
5.2.6.1. Market size and forecast, by application
5.3. Europe
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by application
5.3.3. Market share analysis, by country
5.3.4. Germany
5.3.4.1. Market size and forecast, by application
5.3.5. France
5.3.5.1. Market size and forecast, by application
5.3.6. UK
5.3.6.1. Market size and forecast, by application
5.3.7. Spain
5.3.7.1. Market size and forecast, by application
5.3.8. Italy
5.3.8.1. Market size and forecast, by application
5.3.9. Rest of Europe
5.3.9.1. Market size and forecast, by application
5.4. Asia-Pacific
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by application
5.4.3. Market share analysis, by country
5.4.4. China
5.4.4.1. Market size and forecast, by application
5.4.5. Japan
5.4.5.1. Market size and forecast, by application
5.4.6. India
5.4.6.1. Market size and forecast, by application
5.4.7. South Korea
5.4.7.1. Market size and forecast, by application
5.4.8. Rest of Asia-Pacific
5.4.8.1. Market size and forecast, by application
5.5. LAMEA
5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast, by application
5.5.3. Market share analysis, by country
5.5.4. Brazil
5.5.4.1. Market size and forecast, by application
5.5.5. Saudi Arabia
5.5.5.1. Market size and forecast, by application
5.5.6. South Africa
5.5.6.1. Market size and forecast, by application
5.5.7. Rest of LAMEA
5.5.7.1. Market size and forecast, by application
CHAPTER 6: COMPETITIVE LANDSCAPE
6.1. Introduction
6.1.1. Market player positioning,
6.2. Product mapping of top 10 players
6.3. Competitive heatmap
CHAPTER 7: COMPANY PROFILES
7.1. ANHUI UNION TITANIUM ENTERPRISE CO. LTD.
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Product portfolio
7.2. FENGCHEN GROUP CO. LTD.
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Product portfolio
7.3. HENAN PREMTEC ENTERPRISE CORPORATION
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Product portfolio
7.4. LANGFANG PAIRS HORSES CHEMICAL CO. LTD.
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Product portfolio
7.5. NATURAL PIGMENTS INC.
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Product portfolio
7.6. NOAH TECHNOLOGIES CORPORATION
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Product portfolio
7.7. TITANOS GROUP
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Product portfolio
7.8. VB TECHNOCHEMICALS SA
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Product portfolio
7.9. VENATOR MATERIALS PLC
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Product portfolio
7.9.5. Business performance
7.10. ZHENGZHOU SINO CHEMICAL PRODUCTS CO. LTD.
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Product portfolio
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