This site uses cookies, including third-party cookies, that help us to provide and improve our services. Read More

Lithopone Market

Lithopone Market

Lithopone Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2027

Lithopone Market
FACT4481MR

Functional Additives Demand for Plastic Manufacturing Increases Consumption by Nearly 1.5X

The global market for lithopone is estimated to grow at a moderate CAGR of over 4% during the forecast period (2019-2027) to reach a valuation of over US$ 250 Mn. Today, functional additives provide a wide variety of benefits such as metal-deactivation properties for plastic formulators. Active role of chemicals in manufacturing of plastics and glass enforced plastic will increase the consumption of lithopone across the globe.

Ongoing demand for functional additives will positively impact the growth of the global lithopone market and optimize performance in terms of resin systems and colored products. As plastic is a highly indispensable material which is used in almost every sector, many plastic companies look forward to new developments in the field. The market is set to witness large-scale consumption in the foreseeable future.

lithopone market share analysis by end use

Accelerating Automotive Industry Amps up Growth of Lithopone in Tire Manufacturing

Lithopone is well adapted for whitening cheap compounds popular in the rubber industry. The overall industrial rubber market has expanded with an extensive variety of end uses. APAC is considered as a hub of natural rubber production; developing countries are the regions which drive the lithopone market. Rubber is the most significant application of lithopone.

Also, lithopone provides pigment properties to rubber which enhances the frictional heat absorption ability of rubber. Demand for high performance rubber especially in rubber tires has pushed the consumption of lithopone in rubber manufacturing. This will accelerate the overall growth of global market in near future

Asia Pacific to Trigger Expansion of Lithopone Market at More Than 5 % CAGR

Consumption of lithopone will increase significantly in Asian countries especially in construction materials and paints and coatings by over 2.5 percent. Lithopone market is seeing rapid growth amid additive manufacturers in Asia Pacific. Market has experienced significant growth in terms of production and consumption of lithopone in Asia Pacific.

Primary drivers for growth of lithopone market in Asia Pacific is significantly increasing newer applications in paints and coating sector as well as the plastic industry. The region has developing countries, such as India, Malaysia, Taiwan, South Korea and many more. These countries have fast developing paints and coating, leather and rubber sectors.

lithopone market share analysis by region

Regulations to Minimize VOC Emissions Hampers Lithopone Market Growth

Lithopone usually releases VOC (volatile organic compound) when used as cross-linking and binding agents, which produces an unpleasant and strong odor that is harmful to both humans and the environment.

World Painting and Coating Industry Association (WPCIA), which includes representation from countries, such as Brazil, U.S, Mexico, U.K, European Union, India, China, Canada, France, Japan, Germany, monitors and makes guidelines to reduce hazardous waste released and formed in decorative paints industries.

Getting in sync with regulations from various government and non-government organizations, manufacturers are focused on introducing lower VOC lithopone and utilizing it as an opportunity for revenue generation

Avail customized purchase options for your needs

Lithopone Manufacturers in APAC Benefit from Paints & Coating Boom

Global lithopone market is considerably fragmented in nature with the majority of players based in China. Reactive technologies, multi-functional additives, hybrid polymers /blends are among some of the key developments observed in the market.

Players are extensively focused on the development of lower VOC emission products and commercializing the same at competitive prices for gaining high-profit margins. Also, players are focusing on expanding their business footprints across Southeast Asia owing to high consumption of plastic and polymers in industrial sector.

The Shanghai Yuefang Industry & Trade Development Co., Ltd., is a company based out of China that offers more than 30 components of lithopone and similar components. Moreover, they plan to expand extensively over the coming few years, thereby contributing towards geographical expansion of the global lithopone market

An Adaptive Approach to Modern-day Research Needs

Global Lithopone Market: In-Depth Assessment on Key Segments

The global lithopone market is segmented on the basis of product, application and region.

Product
  • Lithopone 28%
  • Lithopone 30%
  • Lithopone 60%
Application
  • Paints & Coatings
  • Plastics
  • Printing Inks
  • Paper & Pulp
  • Rubber
  • Leather
  • Linoleum Flooring
Region
  • North America
  • Latin America
  • Europe
  • APAC
  • MEA

Country-specific assessment on demand for lithopone has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous lithopone manufacturers, experts, and suppliers.

Y-o-Y growth projections have also been offered on all regional markets incorporated in the report. Moreover, future trends, growth prospects, and other possibilities related to the market have been answered in the report.

Need an Exclusive Report for your Unique Requirement?

- Related Reports -

Home & Garden Pesticides Market

Home & Garden Pesticides Market is set to witness steady growth by 2029. Increasing awareness for us...

Liquid-applied Roof Coating Market

The Liquid-applied Roof Coating market is set to witness steady growth by 2029. Rising awareness abo...

Nonanal Market

Nonanal Market is expected to witness steady growth through 2018-2028. The expansion of the personal...

Negative Photoresist Chemicals Market

The negative photoresist chemicals market is set to witness steady growth during 2018-2028. Growing ...

- Our Clients -

Report Client

- Evaluate How Fact.MR's Report Can Help. -

Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.