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Titanium dioxide can be used in polycarbonate to improve its relative performance. Therefore, the increase in market demand for light vehicles will stimulate the market demand for polycarbonate, which will drive the market to increase the demand for titanium dioxide.
Titanium dioxide is mainly used in four areas: coatings, plastics, papermaking and others. Coating is the main application field of titanium dioxide, accounting for about 50% of the total consumption of titanium dioxide. Due to the high growth in the packaging and automotive terminal industries, it is expected that plastics will be the rapidly growing field of application for titanium dioxide. Other applications include man-made fibers and inks.
At present, the Asia-Pacific region has a market share of about 40% in the global titanium dioxide market. In the next five years, the dominant position of the Asia-Pacific region in the global titanium dioxide market will remain unchanged. This is mainly attributable to the high growth rate of several terminal applications of titanium dioxide in China and India.
In 2014, the four major titanium dioxide manufacturers accounted for more than 50% of the total annual production of titanium dioxide in the world. The four major manufacturers of titanium dioxide are DuPont, Koster, Connors and Tenova.
Titanium dioxide demand continues to grow
At present, the demand for titanium dioxide in the field of energy-saving light vehicles is continuously increasing. During 2015-2020, this growth is expected to continue. Polycarbonate, a thermoplastic, can be used as a substitute for metal and glass fittings in the manufacture of light vehicles. However, the low scratch resistance of polycarbonate has hindered its market development.