Lithopone Market Analysis

Lithopone Market Analysis

To get key market trends

  Download Free Sample

The lithopone 28% based segment will capture USD 173.93 million and demonstrate a 4.8% CAGR till 2032. Lithopone is a 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% up to 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.
 

The paints & coatings segment held a 34.9% market share in 2023, amounting to USD 76 million, and is projected to grow at a 4.9% CAGR from 2024 to 2032. Paints and coatings owing to their corrosion and rust prevention properties are widely utilized in automotive applications. B301 helps to increase the coating’s lifespan while reducing film cracking which may stimulate lithopone industry size.
 

Plastics application may witness strong gains, The product helps to increase extruder yields and decrease processing costs for manufacturing plastics. Rising plastics demand owing to its diverse applications in packaging and automotive sectors will boost industry growth.
 

Printing inks application is an opaque pigment and functions as an extender in inks. It helps to increase ink’s volume without impacting its viscosity. Rising printing ink industry owing to increased consumption of packaging and graphics inks will boost lithopone demand as an extender.
 

Asia Pacific lithopone industry is projected to achieve USD 116 million, with a CAGR of 4.9% from 2024 to 2032. Asia Pacific led by South Korea, Australia, India, and Japan lithopone market is experiencing growth, due to product helps to improve color retention thus, has applications in paints & coatings industry. Increasing investments in the paint and coating industry for new product developments will boost market growth. The product functions as a filler in the paper & pulp industry. The product, owing to optical properties improving nature is used for manufacturing paper. Rising paper demand owing to increasing packaging paper utilization will foster product demand.