PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1616719
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1616719
Lithopone Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 to 2032
The Global Lithopone Market reached a size of USD 218 million in 2023 and is projected to grow at a CAGR of 4.5% from 2024 to 2032. The rapid expansion of the polymers and plastics industry is set to drive the growth of the lithopone market. Due to its chemical inertness and low abrasiveness, lithopone finds applications in plastic manufacturing. Furthermore, the surging demand for plastics in lightweight vehicle production is anticipated to further propel the market. As disposable incomes rise and consumer purchasing patterns evolve, the leather industry is poised for growth.
The leather goods market is forecasted to see substantial gains of over 5% by 2025. Lithopone plays a role in repairing tears and holes in leather goods. The increasing demand for leather goods, driven by their stylish and fancy appearance, is set to amplify the growth of the lithopone industry. The overall lithopone industry is classified based on sources, products, applications, and regions. The lithopone 28% based segment is projected to capture USD 173.93 million and showcase a CAGR of 4.8% by 2032. The global flooring industry is anticipated to see gains of over 5.5% during the estimated timeline.
Lithopone's good dispersibility makes it ideal for covering cracks and damages in linoleum flooring. As retail chains expand, leading to increased remodeling and construction activities, the demand for flooring-and consequently, lithopone is expected to rise. The paints & coatings segment commanded a 34.9% market share in 2023, translating to USD 76 million, and is set to grow at a CAGR of 4.9% from 2024 to 2032. Widely used in automotive applications for their corrosion and rust prevention properties, paints and coatings benefit from lithopone's ability to extend coating lifespan and reduce film cracking. In the plastics sector, lithopone is instrumental in boosting extruder yields and cutting processing costs.
| Market Scope | |
|---|---|
| Start Year | 2023 |
| Forecast Year | 2024-2032 |
| Start Value | $218 Million |
| Forecast Value | $331 Million |
| CAGR | 4.5% |
With rising demand for plastics in packaging and automotive applications, the industry is poised for growth. The Asia Pacific lithopone industry is on track to reach USD 116 million, with a projected CAGR of 4.9% from 2024 to 2032. Dominated by countries like South Korea, Australia, India, and Japan, the Asia Pacific lithopone market is witnessing growth. This is largely due to lithopone's role in enhancing color retention in the paints & coatings industry. Moreover, rising investments in the paint and coating sector, especially for new product developments, are set to further boost market growth.Lithopone's utility as a filler in the paper & pulp industry, combined with its optical properties that enhance paper manufacturing, positions it favorably. As the demand for packaging paper rises, so will the demand for lithopone.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Key manufacturers
- 3.1.2 Distributors
- 3.1.3 Profit margins across the industry
- 3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.1.1 Growing paints & coatings industry will boost product demand
- 3.2.1.2 Rising paper demand may foster industry growth
- 3.2.1.3 Increasing plastic products demand may propel market growth
- 3.2.2 Market challenges
- 3.2.2.1 Availability of substitutes may hamper product demand
- 3.2.3 Market opportunity
- 3.2.3.1 New opportunities
- 3.2.3.2 Growth potential analysis
- 3.2.1 Growth drivers
- 3.3 Raw material landscape
- 3.3.1 Manufacturing trends
- 3.3.2 Technology evolution
- 3.3.2.1 Sustainable manufacturing
- 3.3.2.1.1 Green practices
- 3.3.2.1.2 Decarbonization
- 3.3.2.1 Sustainable manufacturing
- 3.3.3 Sustainability in raw materials
- 3.3.4 Pricing trends (USD/Ton), 2021 - 2032
- 3.3.4.1 North America
- 3.3.4.2 Europe
- 3.3.4.3 Asia Pacific
- 3.3.4.4 Latin America
- 3.3.4.5 Middle East & Africa
- 3.4 Regulations & market impact
- 3.5 Porter's analysis
- 3.6 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Company market share analysis
- 4.2 Competitive positioning matrix
- 4.3 Strategic outlook matrix
Chapter 5 Market Size and Forecast, By Product, 2021-2032 (USD Million, Tons)
- 5.1 Key trends
- 5.2 Lithopone 28%
- 5.3 Lithopone 30%
- 5.4 Lithopone 60%
Chapter 6 Market Size and Forecast, By Application, 2021-2032 (USD Million, Tons)
- 6.1 Key trends
- 6.2 Paints & coatings
- 6.3 Plastics
- 6.4 Printing inks
- 6.5 Paper & pulp
- 6.6 Rubber
- 6.7 Leather
- 6.8 Linoleum flooring
Chapter 7 Market Size and Forecast, By Region, 2021-2032 (USD Million, Tons)
- 7.1 Key trends
- 7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 France
- 7.3.4 Italy
- 7.3.5 Spain
- 7.3.6 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 China
- 7.4.2 India
- 7.4.3 Japan
- 7.4.4 South Korea
- 7.4.5 Australia
- 7.4.6 Rest of Asia Pacific
- 7.5 Latin America
- 7.5.1 Brazil
- 7.5.2 Mexico
- 7.5.3 Argentina
- 7.5.4 Rest of Latin America
- 7.6 MEA
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 South Africa
- 7.6.4 Rest of MEA
Chapter 8 Company Profiles
- 8.1 VB Technochemicals SA
- 8.2 Kremer Pigments
- 8.3 ANHUI UNION TITANIUM ENTERPRISE CO., LTD
- 8.4 Venator Materials Plc
- 8.5 American Elements
- 8.6 Zhengzhou Vidar Water Industrial Co., Ltd
- 8.7 Titanium Technologies
- 8.8 Chemours Company
- 8.9 Tronox Holdings plc
- 8.10 Lomon Billions Group
