Apr 26, 2021 (Market Insight Reports) -- Selbyville, Delaware, Market Study Report LLC presents an extensive report on Lithopone market that offers qualitative information about prevailing trends and a detailed analysis of the growth trajectory of this industry. It also includes a study of the historical data and detailed statistics that will help determine the future scope of the industry in terms of commercialization opportunities

Market Details:

Global Lithopone Market to reach USD 220.16 million by 2027.Global Lithopone Market is valued approximately USD 169.8 million in 2019 and is anticipated to grow with a healthy growth rate of more than 3.3 % over the forecast period 2020-2027. Lithopone is an inorganic white pigment, produced from co-precipitation of Barium sulfate (BaSO4) and Zinc sulfide (ZnS).

As a white pigment, it is a cost-effective substitute of Titanium Dioxide (TiO2). Major features of Lithopone include high brightness and performance under UV exposure, less wetting agent requirement to achieve optimum wetting of its surface and it is commercially graded on the basis of amount of ZnS. Its grades include 28%, 30%, and 60% ZnS. Lithopone is presently applied in various paint formulations, road marking paints, jointing compounds, and putties. It is used in plastics to increase its outdoor life by providing the plastic product’s UV tolerance. It is also used in leather industry and in the production of linoleum floorings..