Albany, NY -- (SBWire) -- 12/12/2014 --Since 2013, global and China titanium dioxide industry has been characteristic of the following:
Global titanium dioxide capacity growth suffered stagnation while new capacity was mainly concentrated in China: the titanium dioxide capacity worldwide in 2013 was 6.56 million tons, against the figure 6.55 million tons in 2012, while the new titanium dioxide capacity, which was mainly contributed by China, stood at 2.935 million tons in 2013, up 5.4% year on year, and accounting for approximately 45% of the world's total as opposed to 30% in 2010.
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Thanks to economic recovery in Europe and America, the prosperity of titanium dioxide industry in China saw a pickup in 2014, which can be elaborated below:
Great surge in export volume: during 2012-2013, the export volume of titanium dioxide in China remained around 400 kt; while during Jan.-Aug. 2014, China exported 376 kt of titanium dioxide, soaring by 48.62% yr-on-yr.
Substantial growth in net income of major companies: in 2013, there were merely less than 20% titanium dioxide companies in the black, seeing meager profit; while from 2014, with the rally in titanium dioxide price and the recovery of overseas demand, titanium dioxide producers enjoyed distinct improvement in performance, in which Henan Billions Chemicals reported a year-on-year growth rate of as high as 636.62% .
Rise in titanium dioxide price: since 2014, large titanium dioxide manufacturers at home and abroad continuously have raised their quotations, and the titanium dioxide price in the Chinese market tends upwards. In Sept. 2014, Chinese titanium dioxide was averagely priced at RMB14,350/ton, slightly increasing by 5.21% in contrast with RMB13,640/ton in Aug.2014 and jumping by 12.11% compared with the figure in Jan. 2014.
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Driven by the increasingly stricter environmental protection policies, the titanium dioxide industry in China will develop toward large scale and chlorination process. Over 98% of the titanium dioxide in China was produced via sulphate process. Access Conditions for Titanium Dioxide Industry (Revised) and Policy on Titanium Dioxide-oriented Industrial Pollution Prevention & Control Technology will be released in 2014 to promote industrial structure upgrading and industrial agglomeration, which would be conducive to the industrial development for a long time.
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