As an important inorganic chemical pigment, titanium dioxide has the characteristics of non-toxicity, anti-ultraviolet ability and brightness. It is called “the king of white pigments” and has a wide range of uses in many fields such as coatings, plastics, rubber and chemical fibers. , with a relatively high degree of correlation with the development of the national economy, and global consumption maintains a steady growth trend.
(1) Industry definition
Titanium dioxide, also known as titanium dioxide (TiO2), is a very stable white inorganic pigment. Its manufacturing raw materials mainly include titanium concentrate, chlorine, sulfuric acid, rutile and petroleum coke.
Titanium dioxide includes anatase titanium dioxide and rutile titanium dioxide, and its production process includes sulfuric acid method and chloride method.
(2) Panorama of industrial chain
The upstream of the titanium dioxide industry chain is raw materials such as titanium concentrate, chlorine gas, sulfuric acid, rutile and petroleum coke; the midstream is the production and manufacture of titanium dioxide by sulfuric acid method and chloride method; the downstream is application scenarios such as coatings, papermaking, ink and plastics .
(1) Market capacity
With the gradual rise of downstream application fields, the demand for titanium dioxide in industries such as new energy batteries, coatings and inks has surged, which has promoted the increase in the production capacity of the titanium dioxide market.
According to statistics, by the end of 2021, the global titanium dioxide industry market production capacity will reach 8.5 million tons, a slight increase of about 4.2% over the previous year. By 2022, the global titanium dioxide market production capacity will be close to 9 million tons, a year-on-year increase of about 5.9%. . Affected by factors such as market supply and demand, the global titanium dioxide industry as a whole has shown a fluctuating trend in recent years. It is expected that in the next few years, under the background of the continuous release of new global titanium dioxide production capacity, the global overall industry production capacity will continue to grow.
(2) Market consumption
At present, titanium dioxide, as one of the widely used white inorganic pigments, is regarded as a key chemical by most countries in the world. Under the background of rising gross national product of all countries in the world, the market consumption of titanium dioxide has also realized increase.
As of the end of 2021, the global titanium dioxide industry market consumption will reach about 7.8 million tons, an increase of about 9.9% over the same period last year.
In 2022, the total consumption in the global market will further increase to more than 8 million tons, reaching 8.2 million tons, an increase of about 5.1% compared with 2021.
It is preliminarily predicted that the global titanium dioxide industry market consumption will exceed 9 million tons by 2025, and the average annual growth rate will be about 3.3% during 2022-2025.
(3) Market size
In terms of market size, with the continuous production of titanium dioxide production capacity worldwide, the growth of the market size of the titanium dioxide industry has been driven to a certain extent. According to the published analysis report, the global market size of the titanium dioxide industry will reach about 21 billion US dollars in 2021 , an increase of about 31.3% year-on-year, the total size of the titanium dioxide market in 2022 is about 22.5 billion US dollars, an increase of about 7.1% year-on-year.
(4) Downstream application scenarios
In terms of application scenarios, the current downstream of the titanium dioxide industry includes multiple application fields such as coatings and plastics. By the end of 2021, the coatings field will account for nearly 60% of the global downstream application market of the titanium dioxide industry, reaching about 58%.
Followed by the plastics and paper fields accounted for 20% and 8%, respectively, other application scenarios accounted for about 14% of the market share.
Post time: Aug-07-2023