lithopone for coating suppliers

Developing new Lithopone formulations, one that enhances the properties of the existing Lithopone is anticipated to boost the demand for Lithopone white pigment during the forecast period. Reinforced Lithopone is one such development, wherein a copolymer is added to the polymerization reaction to yield Lithopone with an increased weather resistance and an anti-ultraviolet property. Moreover, development of nano-scale Lithopone is also anticipated to attract market interest during the forecast period.

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By September, demand in the construction sector had significantly increased; however, resurgent cases of virus hindered the anticipated recovery in demand. However, due to a severe fall in market fundamentals in some end-use areas, its prices had significantly faded by quarter-end. Delays in a number of commercial projects, followed by a poor recovery in the downstream automotive market, were identified as primary causes of the protracted recovery curve.

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