"TiO2 Market Insight" magazine forecast: the global titanium dioxide market will be basically balanced in 2020

In terms of output, as the world’s largest titanium dioxide production area, the Asia-Pacific region accounted for a year-on-year increase in the global titanium dioxide share from 2015 to 2019.

From the perspective of the global production of titanium dioxide distributed by production process, in 2019, the global production of chlorinated titanium dioxide was 2.
629 million tons, and the output of sulfuric acid-processed titanium dioxide was 3.
472 million tons
.
Comparing the production of titanium dioxide in various production processes, it can be seen that the production of sulfuric acid method is higher than that of chlorination method
.
This is mainly due to the low barriers to entry for the sulfuric acid process.
As the largest producer of titanium dioxide, China has not yet fully mastered the chloride process titanium dioxide technology, and is still dominated by the sulfuric acid process titanium dioxide process
.

2.
The global demand for titanium dioxide has stabilized at more than 6.
5 million tons in the past four years

From the perspective of global titanium dioxide demand, "TiO2 Market Insight" magazine predicts that the total demand for titanium dioxide in North America, Western Europe, Asia Pacific, Central and Eastern Europe, Central and South America, the Middle East and Africa will be 5.
304 million tons in 2020
.

From 2016 to 2019, the global demand for titanium dioxide basically stabilized at more than 6.
5 million tons
.
In 2015, the demand for titanium dioxide showed a sharp decline under the influence of the global economic downturn, with a decrease of nearly 10%
.
In response to this, global titanium dioxide companies actively responded, reducing supply through measures such as restricting start-ups and reducing inventories.
The recovery of China's real estate industry also made a positive contribution to the growth of titanium dioxide demand in 2016
.
In 2017, the economies of the United States and Southeast Asian countries continued to improve, which stimulated the demand for titanium dioxide
.
Under normal circumstances, the demand for titanium dioxide lags behind the real estate market by about a year.
In 2016, China's real estate destocking achieved significant results, which drove the rapid growth of titanium dioxide demand in 2017.
The demand for titanium dioxide in various regions has increased by different degrees
.
Despite the strong demand in the coatings industry in 2017, in the second half of 2018, the global destocking policy continued and demand was greatly affected.
The most affected was Western Europe, followed by Asia, and even North America
.
In 2019, the demand for titanium dioxide in the coatings market in the United States remained strong.
In the fourth quarter of 2019, the demand in Europe has returned to the level of the same period in 2017
.

From the perspective of global titanium dioxide supply and demand, the titanium dioxide market has basically reached a balance
.
With the gradual recovery of the real estate industry in the United States and Europe in early 2017, market demand continued to improve, which greatly improved the demand for overseas titanium dioxide
.
At the same time, some overseas high-cost titanium dioxide production capacity has been shut down, causing a certain shortage of titanium dioxide product supply, making the price of titanium dioxide gradually stabilized after a continuous increase for half a year in 2017
.
In 2018, the inventory levels of some large domestic titanium dioxide manufacturers were lower than normal
.
In recent years, the export proportion of Lomon Baili titanium dioxide products has continued to increase, and the overseas market has continued to improve
.

In addition, the new crown pneumonia outbreak that broke out in December 2019 has led to a global economic recession.
The International Monetary Fund (IMF) predicts that the global economy will grow by 3% in 2020
.
In the first half of 2020, affected by the epidemic, the global titanium dioxide market demand and output are operating at a low level, and the uncertainty of the titanium dioxide market has increased
.