Global Lithopone Market
Lithopone Market Size And Forecast
According to Verified Market Research, The Global Lithopone Market was valued at USD 177.20 Million in 2018 and is projected to reach USD 260.38 Million by 2026, growing at a CAGR of 5.03% from 2019 to 2026.
Global Lithopone Market Outlook
Lithopone has its applications in several industries, out of which, paints and coatings also make use of the compound in large scale proportions. Paints and coatings are used in a variety of domains, such as the construction industry, automobile sector, and manufacturing, and hence the demand for lithopone remains high. Following this trend, the market for lithopone is anticipated to have large-scale progress in the North American countries on account of the significant use of paints and coatings in different industrial domains.
Global Lithopone Market, Segment Analysis
The Global Lithopone market is segmented on the basis of Product, Application, and Geography.
Global Lithopone Market, Industry Landscape
The lithopone industry is mainly used in coating materials that have relatively high pigment concentrations. Examples of the lithopone products include primers, plastic 56 Pigments, inorganic masses, putties and fillers, artists’ colors, and emulsion paints. Material advantages of lithopone lead to its usage in plastics as it provides good lightfastness and clear bluish-white shade. These advantageous properties of lithopone are allowing it to be more widespread among industries that the product is already a part of i.e. paints and coatings market, plastics industry. With the widespread beneficial properties of lithopone in multiple industries, especially in comparison to its counterparts, the market is expected to grow.
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