Development status of titanium dioxide industry

With the gradual rise of downstream application fields, the demand for titanium dioxide in industries such as new energy batteries, coatings, and inks has surged, driving up the production capacity of the titanium dioxide market. According to data from Beijing Advantech Information Consulting, by the end of 2021, the global titanium dioxide industry market production capacity reached 8.5 million tons, a slight increase of about 4.2% compared to the previous year. By 2022, the global titanium dioxide market production capacity was close to 9 million tons, an increase of about 5.9% compared to the same period in 2021. Affected by factors such as market supply and demand, the global titanium dioxide industry has shown a fluctuating trend in recent years. It is expected that in the next few years, with the continuous release of new global titanium dioxide production capacity, the overall global industry production capacity will continue to grow.

In terms of market size, with the continuous production of titanium dioxide production capacity worldwide, it has to some extent driven the growth of the titanium dioxide industry market size. According to an analysis report released by Beijing Advantech Information Consulting, the global titanium dioxide industry market size reached about 21 billion US dollars in 2021, a year-on-year increase of about 31.3%. The total size of the titanium dioxide market in 2022 was about 22.5 billion US dollars, a year-on-year increase of about 7.1%.

Currently, titanium dioxide, as one of the widely used types of white inorganic pigments, is considered a key chemical by most countries around the world. Against the backdrop of the continuous increase in gross domestic product of various countries worldwide, the consumption of titanium dioxide in the market has also achieved growth. As of the end of 2021, the global titanium dioxide industry market consumption reached about 7.8 million tons, an increase of about 9.9% compared to the same period last year. In 2022, the total global market consumption further increased to over 8 million tons, reaching 8.2 million tons, an increase of about 5.1% compared to 2021. It is preliminarily predicted that the global titanium dioxide industry market consumption will exceed 9 million tons by 2025, with an average annual growth rate of about 3.3% between 2022 and 2025. In terms of application scenarios, the downstream of the titanium dioxide industry currently includes multiple application fields such as coatings and plastics. As of the end of 2021, the coatings industry accounts for nearly 60% of the global downstream application market of the titanium dioxide industry, reaching about 58%; The plastic and paper industries account for 20% and 8% respectively, with a total market share of about 14% for other application scenarios.