The upstream of the industrial chain of the titanium dioxide industry is raw material suppliers and energy suppliers, the midstream is titanium dioxide manufacturers, and the downstream is the application fields of titanium dioxide.
The upstream industries are raw material suppliers and energy suppliers. The production process of titanium dioxide is divided into sulfuric acid method and chlorination method. The raw materials required for sulfuric acid production are mainly titanium concentrate, concentrated sulfuric acid and iron powder. The so-called raw materials for chlorination production are mainly titanium-rich materials and chlorine. my country mainly uses sulfuric acid. method, using titanium concentrate as the core raw material. my country is very rich in titanium resources and is the world’s largest titanium resource country. As of 2022, my country’s ilmenite reserves are approximately 190 million tons, accounting for 29.23% of the world’s total reserves, ranking first in the world. Our country has many titanium raw material manufacturers, but the output and quality cannot meet market demand. We still need to import a large amount of high-quality titanium ore from Australia and other countries. It takes a certain period of time from the mining and refining of titanium ore to the production of titanium dioxide. Therefore, the price of titanium ore changes earlier than that of titanium dioxide. The price of titanium dioxide is closely related to the price of titanium ore. In the production of titanium dioxide, production costs mainly include raw material costs, energy costs, labor costs and other costs. Raw material costs account for the highest proportion, accounting for about 60%, followed by energy and power costs, accounting for 15%-20%.
The midstream industry is titanium dioxide manufacturers, including pigment-grade titanium dioxide and non-pigment-grade titanium dioxide. my country’s titanium dioxide production capacity ranks first in the world. According to data from the United States Geological Survey (USGS), my country’s titanium dioxide production capacity will reach 5 million tons in 2022, far exceeding the second-placed United States (137 tons). The comprehensive productivity level of our country’s production equipment, process technology and product quality is close to the international advanced level. Our products not only meet domestic demand, but are also exported to the international market in large quantities. From the perspective of competition pattern, my country’s titanium dioxide market is highly competitive and the industry is highly concentrated. With the gradual concentration of resource advantages, it will shift to the mid-to-high-end market. Due to the continuous introduction of environmental protection policies, chlorination companies with capital, technology and product advantages will Companies producing titanium dioxide in France will be more likely to gain development space.
Downstream industries are the application fields of titanium dioxide, including coatings, plastics, papermaking, ink, ceramics, glass, rubber and other industries. Among them, coatings are the largest application market for titanium dioxide, accounting for about 60%. In recent years, coating production has continued to rise, from 1,759.79 tons in 2018 to 34.88 million tons in 2022, an increase of about 98%, and a compound growth rate of 24.55%. . The downturn in the real estate market has affected the demand of the coatings industry. With the introduction of relevant policies to optimize the real estate market, the real estate boom is expected to improve, thereby once again driving the demand for titanium dioxide.