Beijing, China, July 01, 2011 --(PR.com
)-- The domestic titanium dioxide market in China is valued at approximately RMB 27 Bn in revenues as of year-end 2010, or roughly 1.4 million tons, according to a recent report by GCiS China Strategic Research.
China is the world’s largest market, accounting for approximately one-third of global demand. This study focuses on domestic sales of rutile and anatase titanium dioxide (Ti02) by the foreign and domestic companies that are mining, importing and extracting pigment from it.
Scarcity and the relative low prevalence of substitutes and extenders are driving price and revenue growth, supply is driven by new mining projects. Suppliers estimate that there was a shortfall of 200 to 300 kT in the market last year.
In real terms the market grew by an average of 8% in 2010, which reflects a similar trend in the coatings market. Pricing has increased however, and in monetary terms the size of the market grew by over 12%.
Key trends include an increase in pricing, wider adoption of chloride processing and the expansion of domestic supply capacity. Ti02 substitutes and extenders are expected to see greater uptake by customers and R&D into synthetic products will gain greater purchase.
About the GCIS China Titanium Dioxide Market Study
This GCiS market study draws on a three month, in-depth primary survey of over 70 of the market’s supply side and downstream players. It is essential reading for any professional needing accurate and detailed strategic information of this market. Major areas covered include: market size and shares, five-year projections, market structure, value chains, pricing trends, distribution, consumption, an assessment of key suppliers and more.
About GCiS China Strategic Research
GCiS (www.GCiS.com.cn) is a China-based market research and advisory firm focused on business to business markets. Since 1997, GCiS has been working with leading multinationals such as Siemens and GE in sectors ranging from technology to industrial markets, power, chemicals, resources, and a few others.