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.

The company has a wide variety of products, mainly including rutile titanium dioxide R818, R838, R868, R878, covering profiles, also have anatase TiO2 A1. Soft plastics and masterbatches, flat coatings, high-gloss coatings, water-based coatings, oil-based coatings, rubber, powder coatings, papermaking and other special fields, its products have been known in the market for their excellent whiteness and brightness, good hiding power and tinting power, stable application performance, and stable product quality and supply capacity.

Risks

Asia-Pacific accounted for the largest revenue share in 2019. China and India are the key markets in the region that have a growing paint and plastics industry, owing to rise in urbanization and industrial developments such as in automotive and construction domains.