Tio2 Demand in China Is Expected to Grow by 15% in 2010

　　China’s titanium dioxide (TiO2) industry, both in terms of production and consumption, has led a global recovery which is said to lead to a 15% growth in 2010 alone while Europe and North America have struggled.

　　Driven by government stimulus packages, the domestic automobile industry is the key market behind this projected growth.

　　“China has been the world’s largest auto manufacturer which has largely boosted consumption of coating and plastics,” explained Jack Lin of Zhongshan, Guangzhou based TiO2 consultants CCM International Ltd.

　　“In 2010, the Chinese government will further implement its stimulus measures, which will certainly promote TiO2 demand and is expected to result in a 15% or a higher growth this year,” Lin added.

　　The stress that continued demand from China will place on feedstock sources is likely to become apparent within the next couple of years with a number of new sources of ilmenite and rutile failing to reach production (IM July 2009: Feedstock shortage looms as BHP quits Africa).

　　“China hit a record in titanium ore import in 2009, which increased by 27.9% over previous year. With TiO2 capacity expansions coupled with governmental support such as import tariff elimination since 2008, China’s import volume of titanium ore will keep on increasing within the next few years,” said Lin.

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