Global and China titanium dioxide’ demand

From the point of view of the world, the demand of titanium dioxide closely related to global GDP growth, 1990-2011 global demand for titanium dioxide from less than 300 million tons increased to about 540 million tons, with an average annual compound growth rate is 3%. Through 2012 demand declined and 2013 demand rebounded, 2013-2020 the need of global titanium dioxide is still expected to maintain a growth rate of about 4.5%, many developing countries based on the promotion of per capita consumption of titanium dioxide , contribute The main demand increment.

At present, China has become the world first big titanium dioxide producer and consumer.2013 China's per capita consumption of titanium dioxide was 1.29Kg, equivalent domestic demand to 175.5 million tons,in 2015,China's titanium dioxide per capita consumption volume reached to 1.5kg, total demand about 206 million tons, equivalent to an average annual growth rate of 8.4%, if China's titanium dioxide per capita consumption amount can reach Europe 2kg, total demand of about 275 million tons, a huge room for growth.

From the point of view of downstream applications, about 60% of the titanium dioxide used to coating.2014, coatings production in China reached to 1648.19 million tons, after adjusted Year-on-year 7.87%. 2013 coating production growth rate of only 2.48%,Coating consumption returned to high growth helpful for promoting upstream titanium dioxide market demand JAN. and FEB.2015,coating Production in our country is 20.008 million tons, compared with the same period in 2014 grew 23.45%, coating high output growth momentum unabated.

We believe that the next few years the domestic demand for titanium dioxide is still expected to maintain a growth rate of about 8%, according to estimates, in 2014 China's demand for titanium dioxide was about 189 million tons, in 2015 reached about 280 million tons. in 2016 reached about 380 million tons.