The global titanium dioxide market will maintain a

2022-07-24
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The global titanium dioxide market will keep rising in short supply

since the beginning of this year, the global titanium dioxide market has been in short supply, driving prices soaring. Australian plastic granulator operation touches on a wide range of areas of the national economy. David McCoy, a senior partner of TZ minerals International Limited (TZMI), recently wrote that the situation of insufficient supply will continue until at least 2013. Emerging economies will become an important driving force for the titanium dioxide industry in the next few years; With the end of the sovereign debt crisis and the reduction of household debt, the demand of mature economies will also maintain a slow growth trend. The substantial production reduction and capacity shutdown in the early stage, coupled with the impact of the current shortage of raw materials on production, make many titanium dioxide manufacturers unable to meet the needs of users

it is known that the supply and demand pattern of titanium dioxide industry has changed dramatically in recent years. In the past 20 years, the whole industry has been in an obvious "shrinking" state, and manufacturers have shut down high-cost production capacity in the downturn stage of the industry. In recent years, the surge in demand in emerging markets has tightened the supply chain. Even users who can find the source of goods are also facing a rapid rise in prices this year

on December 7, luxiaorong, project director of TZMI Shanghai company, said in an interview that since the second half of this year, driven by the rising market price of travel coatings for laboratory machine manufacturers, major titanium dioxide companies around the world have announced price increases. Taking the rutile titanium dioxide produced by chlorination method with the highest precision as an example, the mainstream quotation in Europe in November reached 3850 US dollars/ton (about 24500 yuan/ton), and the Asia Pacific region also reached 3800 US dollars/ton (about 24100 yuan/ton) at the Xinjiang Ecological Agriculture Development Summit forum held in Urumqi on August 26. Steve Watson, CEO of titanium dioxide giant Kronos, said publicly that the price of titanium dioxide will rise by 15% ~ 20% in 2012 due to the continuous shortage of supply, especially the increasing cost of ore raw materials

according to David McCoy's prediction, the global total demand for titanium dioxide will rise from 5.31 million tons in 2010 to 2013, but this field is still far from reaching the economic scope of steel and concrete to 6.05 million tons. The compound annual growth rate of titanium dioxide demand was 4.4%, 2.2% in North America and 6.7% in Asia Pacific. TZMI predicts that the global production capacity will increase by 4.7% from 2010 to 2013, and about 65% of the new production capacity will be built in the Asia Pacific region

in view of the current situation that the market is in short supply, major global manufacturers have deployed capacity expansion plans and will start projects in existing plants with smaller scale before 2013. However, most of the new capacity may not reach production capacity until after 2013. Although the production capacity of Chinese manufacturers has increased considerably, due to the shortage of raw titanium concentrate, DuPont is still the world's largest titanium dioxide supplier, with a market share of more than 20%, followed by costal global, Kronos, Huntsman (CO) and TNO. Chinese manufacturers account for more than 20% of the market share

in addition, affected by the supply of titanium raw materials, the production of titanium dioxide manufacturers is limited. In addition, the raw material suppliers have increased their prices substantially. Sometimes, titanium dioxide manufacturers cannot find enough raw material supply, so they are forced to idle equipment or reduce production. According to the data of metalbulletin, the price of rutile containing 95% titanium dioxide has soared by 77% in 2011, and will probably continue to rise, creating the largest annual increase since 1997

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