Research Predicts Demand in Asia Will Drive Global TiO2 Market
GUANGZHOU, China – According to market intelligence firm CCM, the demand for TiO2 is likely to continue rising, as global supply is tight. Asia is seen as the main growth factor, especially countries with growing living standards, which boost the demand for coatings and packaging products. However, increasing prices of Chinese TiO2 are decreasing competitiveness, which opens up an opportunity for exporters to invest in the Asian market.
The year 2016 witnessed a strong rebound of China’s TiO2 business in general, according to CCM. The market situation in 2015 was quite depressed; while in 2016, huge price increases helped the financial performance of China’s manufacturers. The overseas demand for Chinese TiO2 rose by about 17% in 2016, which enabled manufacturers in China to increase their exports.