This white pigment composed of barium sulfate and zinc sulfide, is influenced by several market drivers and trends. One significant driver is the expanding demand for lithopone in the paint and coating industry, owing to its excellent hiding power and (ultraviolet) UV resistance. The construction sector also propels the market growth of this compound, as it is widely used in architectural coatings for its durability and weather resistance. Additionally, the rising popularity of lithopone in the plastic and rubber industries, driven by its ability to enhance product opacity and stability, contributes to market expansion. Trends in this compound market include a growing emphasis on eco-friendly alternatives, stimulating research and development of sustainable production processes. Furthermore, the increasing focus on product quality and performance, along with advancements in nanotechnology applications, presents new opportunities for lithopone market players. Overall, the evolving landscape of industries utilizing this compound underscores its dynamic market, driven by both traditional applications and emerging trends.
About Titanium Dioxide. Titanium Dioxide, a white crystalline powder, represents the natural oxide of titanium, with its primary occurrence observed specifically in rutile ores. This titanium compound holds remarkable significance in various technological realms, functioning as a commodity chemical extensively harnessed across diverse industries. In actuality, a substantial majority of titanium ores undergo processing procedures to yield Titanium Dioxide, consequently establishing its unrivaled status as the most extensively utilized titanium-based substance on a global scale.