Price increases of 139-174 USD /MT were seen in Q3 by western suppliers in a tight and buoyant market that faced multiple persistent pulls on supply, including an ongoing lack of Chinese export competitiveness. Furthermore, container constraints hampered its delivery to the rest of the world.

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Recent policy changes in regard to titanium dioxide

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.