Lithopone Market Size Estimation, Business Overview, Industry Statistics, Trends, Growth, Share, Demand and Forecast 2019 to 2027
Verfasser: ashwani_kailiya on Wednesday, 23 September 2020The global lithopone market is set to rise at a moderate CAGR of 4% between 2019 and 2027, according to the projections of a new study by Fact.MR. Leading manufacturers of lithopone are investing efforts in the commercialization of eco-friendly offerings to gain traction among end-use industries.
"Rising demand for novel solutions from plastic and rubber industries has boosted consumption of pigments and additives, which will support the overall performance of lithopone market in the long term," says the Fact.MR report.
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Lithopone Market Study: Key Findings
Rubber compounding remains the primary application area for lithopone.
Demand for lithopone in developed economies has largely stagnated, while displaying steady growth in Asia Pacific.
A third of the global lithopone manufacturing industry is concentrated in China.
The lithopone market is set for a major overhaul in the near future, as governments continue to push for conventional plastic alternatives.
Lithopone Market: Key Driving Factors