Titanium dioxide is a kind of white inorganic filler. It can be divided into anatase titanium dioxide and rutile titanium dioxide according to its crystal form. It is mainly used in coatings, plastics, paper, ink, and others (including cosmetics, chemical fiber, electronics, ceramics, enamel). , welding rods, alloys, glass, etc.) industry. The papermaking industry is the third largest application area of titanium dioxide. The addition of titanium dioxide to the paper can make the paper have better whiteness, good gloss, high strength, thin and smooth, no penetration during printing, and light weight. Anatase titanium dioxide usually acts as a fluorescent whitening agent to increase the whiteness of the paper; rutile titanium dioxide is generally used for laminated paper to meet the requirements of light and heat resistance.
With the development of construction, coatings, automotive, plastics, paper and other industries, the demand for titanium dioxide has grown rapidly in the past decade. From 1999 to 2012, China's titanium dioxide production increased from 248,000 tons to 1.86 million tons, with a compound annual growth rate of 16.9%. China has become the world's largest consumer of titanium dioxide. However, from 2011 to 2012, the demand for titanium dioxide and the growth of downstream industries are gradually slowing down. Since 2013, the downward trend has become more obvious. In the first five months of 2013, the growth of the output of the major industrial coatings, plastics and papermaking industries downstream of titanium dioxide has decreased. To 5.4%, 7.5% and 0.5%.
The large-scale launch of new capacity since 2010 has caused the domestic titanium dioxide industry to be in a serious oversupply state. As of 2012, the total domestic production capacity has reached 2.9 million tons, and the excess capacity is about 1 million tons. At present, the national titanium dioxide powder construction capacity is 1.31 million tons. If all these projects are completed and put into production on schedule, the total industry production capacity is expected to reach 4.2 million tons in 2015. On the demand side, assuming an average annual growth rate of 15%, the demand will be only 2.9 million tons by 2015. Since 2013, domestic titanium dioxide prices have continued to fall, and we judge that prices will remain weak in the future due to sluggish demand and a significant supply surplus.
TOPLUS summary Titanium dioxide production capacity.
