Description
As a widely used inorganic chemical,
the demand of global titanium dioxide market is synchronize with the global
macroeconomic trend, urbanization process and industrialization process. In
2012, the global titanium dioxide production capacity reached 6.3 million tons,
and the global market capacity reached USD 19 billion. From 2000 to 2012, the
compound growth rate of global titanium dioxide demand was 2.6%; the industry
showed a moderate growth.
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In recent years, relying on the
market mechanism, the layout and structure of China’s titanium dioxide industry
has been optimized obviously; based on the resource, market and existing
production bases, China has formed Sichuan, Yunnan, Guangxi, Shandong, Jiangsu
and some other regional bases. In addition to the headquarters titanium dioxide
production base, Pangang Group also held or participated in Chongqing Yu
Titanium Dioxide, Jinzhou Titanium Industry Co., Ltd., Panzhihua Dongfang
Titanium Industry and Jiangsu Taibai Group Co., Ltd., and formed a huge titanium
dioxide production group. Chemchina, Jiangsu Gpro Group, Hunan Zhuzhou Chemical
Industry Group Co., Ltd., Anhui Maanshan Titanium Dioxide Group and Shandong
Dawn Titanium Industry Co, Ltd. carried out integration and restructuring. By
the end of 2012, the total production capacity of China’s titanium dioxide
industry has reached 2.5 million tons, and the output reached 1.89 million
tons.
As one of the most important white
pigments, titanium dioxide is widely used in coating, papermaking, printing
ink, chemical fiber, medicine, and some other industries. In 2012, the titanium
dioxide demand volume in China reached 1.82 million tons, and the coating
industry owned the largest consumption volume with the proportion of 62.5%;
followed by the plastic industry with the proportion of 18.5%; the proportion
of papermaking, printing ink and other industries was19.1%.
With the development of China’s
economy and the improvement of people’s living standard, especially with the
development of coating, plastic and papermaking industries, the demand for
titanium dioxide, especially for the high-end titanium dioxide will be larger.
In the next five years, the demand for titanium dioxide in China is expected to
develop at the average annual growth rate of 10-15%, and this growth rate of
the demand for high-end titanium dioxide will reach more than 20%; the domestic
titanium dioxide output is far from meeting the demand of domestic market.
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