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The global Lithopone market was valued at $169.8 million in 2019, and is projected to reach $218.6 million by 2027, growing at a CAGR of 3.30% from 2020 to 2027.

The price trendss for titanium dioxide kept on the lower side of the scale during the first half of 2023. As the paint and coatings industries reduced their offtakes,  the abundant supply of the product in the market led to a fall in prices. The prices also suffered from falling energy costs and declining freight charges. Further, the rising speculations of a global recession caused manufacturers to participate actively in destocking.

In 1970, Japanese scholars studied the phase diagram of iron oxide microcrystalline formation, which laid a theoretical foundation for the preparation method of iron oxide yellow crystal seed. According to the research results, iron yellow crystal seeds can be formed under acidic or alkaline conditions. Because iron yellow is a crystal structure, in order to crystallize into pigment particles, it must first form crystal nucleus and become crystal seed, and then the crystal nucleus grows into iron yellow. Otherwise, only thin and dim color paste can be obtained, which does not have pigment properties. Acid process can be divided into iron sheet process and drop addition process.