GUANGZHOU, China - According to the latest research data from China Chemicals Market (CCM), a Chinese consulting company based in Guangzhou, China, the total capacity of China’s titanium dioxide (TiO2) represents approximately 30 percent of world capacity. In 2010, the total capacity of China’s TiO2 reached 2,000,000 tonnes, and annual production reached 1,470,000 tonnes. As a result, China has become the largest producer in the world.
China has also become the largest consumer of TiO2 in the world. In 2010, the consumption of TiO2 in China exceeded 1,400,000 tonnes.
Due to the supply shortage in the European market, the export volume of China’s TiO2 increased rapidly, making the first favorable balance of trade in May 2010.
Driven by growth of the macro economy, the demand for China’s TiO2 is growing rapidly, providing opportunities for TiO2 and downstream industries such as coatings, rubber and plastic. Demand for TiO2 is expected to grow at about 10 percent annually in the coming years.
For additional information about this study, visit www.cnchemicals.com.
China Consumed Some 1.4 Million Tonnes of TiO2 in 2010
April 24, 2011