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TiO2 demand is more closely correlated to industrial production than to GDP, and that the correlation between TiO2 demand and GDP is likely to decline as service sectors grow as a share of global GDP.
PCI recently met with Bryan Snell, President of Chemours Titanium Technologies, to discuss the current state of the industry, challenges customers face when purchasing TiO2 and a new initiative that Chemours is offering to offset some of these challenges - the Ti-Pure™ Value Stabilization (TVS) customer model.
Pricing is beginning to reflect destocking coming to a close. Based on recent reports and trade data, TiPMC foresees prices stabilized in all regions during the traditionally strong demand period of 2Q, with price increases gaining traction toward the end of the quarter in specific regions.
The TiO2 industry worldwide is encountering difficulties and challenges short term, although there are some signs of hope. The trade wars, the potential of recession in the European economy, and political tensions in the Middle East are showing up in trade statistics, and they directly relate to TiO2 demand.
Even though it can be considered to be still in the early state, China’s e-commerce will definitely grow fast in the near future, and enable a supportive consumer and supplier analysis. The data crawled from news and industry websites as well as from search engines and e-commerce platforms help to monitor, understand and forecast the trend of TiO2 in China and worldwide.
Economic sentiment remains strong globally, and is expected to remain so through 2018. Demand for TiO2 is robust, with both a strong housing market and healthy automobile sales. TiO2 demand growth for 2017 is forecast at around 2%, with 6.1 million tonnes in demand for 2017-2018.
Given the increased sales volumes so far in 2016, the TiO2 market has begun to feel tighter than it has in years, which is providing confidence to some producers that the worst is behind the industry for the near term.
