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Global Lithopone Market Size, Share, Forecast: By Product: Lithopone 28%, Lithopone 30%, Lithopone 60%; By Application: Paper and Pulps, Rubber, Paints and Coatings, Plastics, Printing Inks, Leather, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Lithopone Market Outlook
The global lithopone market size reached a value of approximately USD 186.97 million in 2023. The market is further projected to grow at a CAGR of 3.30% between 2024 and 2032, reaching a value of USD 250.43 million by 2032.
Key Trends in the Market
Lithopone is an insoluble white pigment that precipitates upon mixing barium sulphate and zinc sulphide solutions. It is known by several other names including enamel white, barium zinc sulphate sulphide, and zincolith, among others.
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- The applications of lithopone in paint formulations, joint compounds, putties, and road marking paints are rising, aiding the lithopone market growth. This is due to its ability to enhance the fungicidal properties of the paint formulations and its ability to improve the substrate’s weather resistance properties.
- The growth of the print advertisement and publishing sectors in boosting the requirement for lithopone as it is used as a white pigment in printing inks. The ink produced by using lithopone is far superior in quality as it provides the perfect smoothness and opacity.
- Growth of the paints and coatings sector and rising usage of plastic products are expected to positively contribute towards the growth of the market. Use of lithopone in plastic resin systems in order to enhance the UV protection properties of the end product is further boosting the lithopone market demand.
Market Analysis
Based on product, the market is segmented into lithopone 28%, lithopone 30%, and lithopone 60%. On the basis of application, the market is divided into paper and pulps, rubber, paints and coatings, plastics, printing inks, and leather, among others. By region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global lithopone market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Xiangtan Red-Swallow Chemical Co. Ltd.
- Zhengzhou Sino Chemical Products Co., Ltd.
- Anhui Union Titanium Enterprise Co. Ltd.
- Wuhu Loman Chemical Co. Ltd.
- Shanghai Yuejiang Titanium Chemical Manufacturer Co. Ltd.
- VB Technochemicals SA
- Langfang Pairs Horses Chemical Co., Ltd.
- Titanos Group
- Heera Chemicals
- Others
Market Share by Application
The paints and coatings segment is expected to grow rapidly over the forecast period due to their rising applications in the automotive sector for their anti-rusting and anti-corrosive properties. The use of paints and coatings for interior and exterior applications is on the rise for various industrial and residential purposes, which in turn is aiding the market growth. Moreover, lithopone based paints and coatings are known to provide protection against algal and fungal growth as well as resistance against ultraviolet radiations, thus boosting the demand for the product.
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Market Share by Region
The Asia Pacific accounted for a large portion of the lithopone market share owing to the strong growth of the paints and coatings sector in countries such as India and China. Growing urbanisation and industrial developments in construction and automotive sectors are boosting the applications of lithopone. Additionally, the key market players are increasingly investing in research and development of paints and coatings, which is further boosting the demand for lithopone in the Asia Pacific region.
Competitive Landscape
VB Technochemicals SA was founded in 2010 and is headquartered in Ticino, Switzerland. The company manufactures chemicals and pharmaceutical products including lithopone, and zinc phosphate, among others.
Langfang Pairs Horses Chemical Co., Ltd. is a chemicals company that was founded in 2007. It is headquartered in Hebei, China and is known for importing and exporting chemicals including iron oxide, titanium dioxide, and lithopone, among others.
Heera Chemicals was established in 1979 and has its headquarters located in Mumbai, Maharashtra. The company produces metals and chemicals and aims to cater to the demands of their customers.
Other players in the lithopone market include Xiangtan Red-Swallow Chemical Co. Ltd., Zhengzhou Sino Chemical Products Co., Ltd., Anhui Union Titanium Enterprise Co. Ltd., Wuhu Loman Chemical Co. Ltd., Shanghai Yuejiang Titanium Chemical Manufacturer Co. Ltd., and Titanos Group, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
|
| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Lithopone Market Analysis
8.1 Key Industry Highlights
8.2 Global Lithopone Historical Market (2018-2023)
8.3 Global Lithopone Market Forecast (2024-2032)
8.4 Global Lithopone Market by Product
8.4.1 Lithopone 28%
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Lithopone 30%
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Lithopone 60%
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Lithopone Market by Application
8.5.1 Paper and Pulps
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Rubber
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Paints and Coatings
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Plastics
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Printing Inks
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Leather
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Others
8.6 Global Lithopone Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Lithopone Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Lithopone Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Lithopone Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Lithopone Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Lithopone Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code – 320642)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Price Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Xiangtan Red-Swallow Chemical Co. Ltd.
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Zhengzhou Sino Chemical Products Co., Ltd.
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Anhui Union Titanium Enterprise Co. Ltd.
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Wuhu Loman Chemical Co. Ltd.
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Shanghai Yuejiang Titanium Chemical Manufacturer Co. Ltd.
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 VB Technochemicals SA
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Langfang Pairs Horses Chemical Co., Ltd.
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 Titanos Group
18.2.8.1 Company Overview
18.2.8.2 Product Portfolio
18.2.8.3 Demographic Reach and Achievements
18.2.8.4 Certifications
18.2.9 Heera Chemicals
18.2.9.1 Company Overview
18.2.9.2 Product Portfolio
18.2.9.3 Demographic Reach and Achievements
18.2.9.4 Certifications
18.2.10 Other
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Lithopone Market: Key Industry Highlights, 2018 and 2032
2. Global Lithopone Historical Market: Breakup by Product (USD Million), 2018-2023
3. Global Lithopone Market Forecast: Breakup by Product (USD Million), 2024-2032
4. Global Lithopone Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Lithopone Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Lithopone Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Lithopone Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Lithopone Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Lithopone Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Lithopone Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Lithopone Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Lithopone Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Lithopone Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Lithopone Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Lithopone Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Lithopone Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Lithopone Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Major Exporting Countries by Value
19. Major Importing Countries by Value
20. Major Exporting Countries by Volume
21. Major Importing Countries by Volume
22. Global Lithopone Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 186.97 million in 2023.
The market is projected to grow at a CAGR of 3.30% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 250.43 million by 2032.
The major drivers of the market include the ability of lithopone to enhance the substrate’s weather resistance properties, growing urbanisation, and rising investments in product development in the paints and coatings sector.
The key trends of the market include the ability of lithopone to improve the fungicidal properties of paints, rising utilisation of plastic products, and increasing demand for leather products.
The significant products available in the market include lithopone 28%, lithopone 30%, and lithopone 60%.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The key players in the market are Xiangtan Red-Swallow Chemical Co. Ltd., Zhengzhou Sino Chemical Products Co., Ltd., Anhui Union Titanium Enterprise Co. Ltd., Wuhu Loman Chemical Co. Ltd., Shanghai Yuejiang Titanium Chemical Manufacturer Co. Ltd., VB Technochemicals SA, Langfang Pairs Horses Chemical Co., Ltd., Titanos Group, and Heera Chemicals, among others.
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