Analysis of global and Chinese titanium dioxide industry development from 2023-2028

Global Development Overview

In 2022, the global production capacity of titanium dioxide industry will be about 9.4 million tons

According to the data released by the US Geological Survey, the global production capacity of titanium dioxide showed a fluctuating growth trend from 2012 to 2022, from 6.55 million tons in 2012 to 9.4 million tons in 2022, with a compound annual growth rate of 3.68%. In 2022, the global annual production capacity of titanium dioxide will increase significantly, 1 million tons more than the previous year.

In 2022, the global market size of titanium dioxide industry will be about 202.2 billion dollars

In recent years, with the gradual construction and commissioning of capacity expansion projects in titanium dioxide industry in various countries around the world, the capacity and output of titanium dioxide industry in various countries around the world have gradually increased. At the same time, the downstream application fields of the industry continue to expand, the demand of high-end manufacturing industry for titanium dioxide has gradually expanded, and the overall market size of titanium dioxide industry has increased. According to the data released by Markets and Markets, the global market size of titanium dioxide industry in 2021 will be 20.9 billion dollars, The compound annual growth rate is 5.5%. It is preliminarily estimated that the global market size of titanium dioxide industry in 2022 will be 22 billion dollars.

Overview of Domestic Development

In 2022, the production capacity of China's titanium dioxide industry will be about 3.914 million tons

In recent years, with the continuous improvement of titanium dioxide production capacity, the annual output of titanium dioxide has also increased year by year. The output of titanium dioxide in China shows an upward trend from 2017 to 2022. According to the statistics of the titanium dioxide industry technology innovation strategy secretariat and the titanium dioxide center of the chemical industry productivity promotion center, the comprehensive output of Chinese titanium dioxide enterprises will be 3.914 million tons in 2022, an increase of 124000 tons over the previous year, or 3.27%.

In 2022, the market scale of China's titanium dioxide industry will be about 49.7 billion yuan

In recent years, the price change of titanium dioxide in China has shown an increasing trend, from about 13350 yuan/ton in 2019 to about 20200 yuan/ton in 2021, but the average price of titanium dioxide in China will fall back to about 18890 yuan/ton in 2022. According to the comprehensive calculation of the apparent demand for titanium dioxide in China and the average price of titanium dioxide in China, the market size of titanium dioxide in China will be about 49.7 billion yuan in 2022.

Future development trend: the market scale of China's titanium dioxide industry will reach 92 billion yuan in 2028

The concentration ratio of titanium dioxide production capacity is further improved under the trend of continuous growth of titanium dioxide production and capacity. The industry is undergoing adjustment, transformation and upgrading. The industry is vigorously promoting the chlorination process to produce titanium dioxide, and carrying out digital, energy-saving and green transformation of the previously built production lines. This process is bound to have a certain impact on the growth of the industry, and the industry is expected to grow at a steady rate. It is estimated that by 2028, the market size of China's titanium dioxide industry will reach 92 billion yuan, with an average annual growth rate of 8.5%.