Titanium dioxide is an important inorganic chemical product. In terms of supply, my country's titanium dioxide output has shown a continuous upward trend, among which rutile titanium dioxide accounts for the largest proportion; in terms of demand, my country's apparent consumption of titanium dioxide has also shown an upward trend, among which the coatings and plastics industries are the main sources of demand. In the future, driven by downstream demand, the market size of titanium dioxide is expected to develop steadily with growth.
Titanium dioxide is a white pigment whose main component is titanium dioxide (TiO2). Its scientific name is titanium dioxide, and its molecular formula is TiO2. It is a polycrystalline compound with regularly arranged particles and a lattice structure. Titanium dioxide is an important inorganic chemical product and has important uses in coatings, inks, papermaking, plastics and rubber, chemical fibers, ceramics and other industries.
1. Titanium dioxide market supply
The annual output of titanium dioxide exceeds 2.5 million tons
In terms of titanium dioxide production in my country, according to statistics from the Titanium Dioxide Branch of the National Chemical Industry Productivity Promotion Center and the Secretariat of the Titanium Dioxide Industry Technology Innovation Strategic Alliance, the combined output of various types of titanium dioxide and related products of all 42 full-process titanium dioxide production enterprises in the country is 3.512 million tons, an increase of 330,000 tons over the previous year, an increase of 10.39%.
Rutile titanium dioxide is the main product
From the perspective of the output proportion of titanium dioxide subdivided products, in the total output of 3.512 million tons, rutile titanium dioxide is 2.856 million tons, accounting for 81.31%; anatase titanium dioxide is 538,000 tons, accounting for 15.33%; non-pigment grade titanium dioxide is 60,000 tons, accounting for 1.71%; catalytic and functional material titanium dioxide is 58,000 tons, accounting for 1.65%.
2. Titanium dioxide market demand
Titanium dioxide market is stable with growth
In recent years, the global demand for titanium dioxide has continued to maintain rapid growth. As the global titanium dioxide market continues to be segmented, the demand has increased even more. In recent years, my country's apparent consumption of titanium dioxide has shown a fluctuating growth trend. In 2011, the apparent consumption was 1.64 million tons. In 2012, affected by the decline in titanium concentrate production, my country's titanium dioxide production growth rate declined, and the apparent consumption reached about 1.8 million tons, a year-on-year increase of 9.76%.
The apparent consumption of titanium dioxide in my country's market has shown a fluctuating upward trend. In 2020, the apparent consumption of titanium dioxide was 2.468 million tons, an increase of 5.32% over the previous period.
Demand in the coating industry accounts for more than 60%
In terms of downstream consumption structure, according to statistics, 61% of my country's titanium dioxide consumption is used in the coating industry, accounting for the largest proportion of all consumption categories; followed by the plastics industry, with a consumption share of about 18%; the papermaking industry accounts for 10% of titanium dioxide consumption, ranking third; the remaining industries such as inks and rubber industries have a smaller proportion of titanium dioxide consumption.
3. Titanium dioxide market has good development prospects
After more than 20 years of rapid development, the scale and product quality of my country's titanium dioxide industry have been comprehensively improved. Titanium dioxide is a multi-purpose chemical product. Its development is not only affected by raw materials and environmental protection, but also by downstream and related fields. Therefore, according to the development prospects of my country's main downstream industries of titanium dioxide, such as real estate and automobile industries, the market will be stable and improving in the adjustment, which will be a normal trend. It is expected that the titanium dioxide market in my country will grow steadily in a small amount from 2021 to 2026, and the consumption will increase to about 2.92 million tons by 2026.
