The surge in demand for interior and exterior paints and use of plastic across various end-use industries drive the global Lithopone market. Lithopone white pigment is used in paints and coating systems that find applications in residential and industrial landscapes. Hence, as the construction & building sector flourishes, the demand for building and architectural materials such as paints and coatings will increase. This trend is conducive for the Lithopone market growth. In addition, white plastic materials are increasingly being used in consumer products. Developments in plastic forming technology is anticipated to indirectly boost plastic production, thus, increasing the demand for white pigments during the forecast period.
Prices increased somewhat in the Asian market during the third quarter of 2021. After a steady recovery since mid-June, its price in India fell slightly in August, pushed down by lower import prices. Titanium dioxide prices continued to rise in the Chinese domestic market, with FOB Wuhu talks for Rutile grade TiO2 settling at 3125 USD/MT for the week ending September 24th.