Selbyville, Delaware, June 27, 2019 (GLOBE NEWSWIRE) --
The lithopone market is predicted to hike from USD 175 million in 2018 to around USD 235 million by 2025, according to a 2019 Global Market Insights, Inc. report. Growing construction activities owing to increasing urbanization will propel paints and coatings demand which will further increase the market size. The product owing to its utilization in sealing and jointing compounds is widely used in the paints and coatings industry. Increasing paints utilization for decorative purposes will boost industry growth.
Global lithopone market size from paper & pulp application is anticipated to exceed USD 25 million by 2025. The product helps to achieve high dry opacity in the pulp. It also helps to improve paper porosity. Increasing paper bags demand due to plastic carry bags’ harmful environmental impact will propel paper production which will boost the market growth.
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The product owing to its strong reducing power and chemically inert nature is utilized in linoleum flooring, printing ink, paint & coatings, paper & pulp, leather, rubber, and plastics industries. Increasing industrial activities to meet the growing demand of consumer goods will fortify product demand.
Lithopone 30% market size is expected to witness significant gains at 3% by 2025. It comprises of 30% zinc sulphide and 70% barium sulphate. It is available in coated and uncoated forms. The product owing to polymerization brightener effects enhancing property is used in plastics and polymer industry. Growing plastics demand for manufacturing electronic goods including remotes, laptops, and televisions will foster product demand hence, increasing lithopone market growth.
UK lithopone market size from paints & coatings application is anticipated to exceed USD 4.5 million by the end of 2025. B3011 owing to its utilization in putties is used in paint and coatings industry. Putties helps to smoothen the wall surface before painting. Increasing infrastructural projects and commercial construction will foster paints demand hence, amplifying the market size.
Browse key industry insights spread across 350 pages with 611 market data tables & 16 figures & charts from the report, “Lithopone Market Size By Product (Lithopone 28%, Lithopone 30% [Coated, Uncoated], Lithopone 60%), By Application (Paints & Coatings, Plastics, Printing Inks, Paper & Pulp, Rubber, Leather, Linoleum Flooring), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Poland, Russia, China, India, Japan, South Korea, Australia, Malaysia, Thailand, Brazil, Saudi Arabia, UAE, South Africa), Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/lithopone-market
Global lithopone market size from leather application is anticipated to witness significant gains over 2% by 2025. B311 functions as filler in leather sector. Rising living standards and presence of several premium leather brands including Gucci and Versace will stimulate product demand.
China lithopone market size from rubber application is anticipated to surpass USD 3 million by 2025. The product provides resistance against ageing and light in rubber products. Increasing demand of rubber from automotive industry for tires, brakes, car interiors and flooring will positively impact rubber production which may in turn increase market growth.
Lithopone market is fragmented with key industry participants including Kremer Pigments, American Elements, VB Technochemicals, Langfang Pairs Horses Chemical Co., Ltd., DowDuPont, Inc. and Titanos. Manufacturers are making heavy investments in R&D, and product innovation in order to cater increasing market growth.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.