August 27, 2024 – China’s Titanium Dioxide Industry Maintains Robust Momentum Amid Market Expansion and Technological Advancements
The Chinese titanium dioxide (TiO2) industry has continued to demonstrate remarkable resilience and growth in July 2024, showcasing the sector’s unwavering commitment to innovation and market responsiveness. The latest figures reveal a monthly output of 388,200 tonnes, marking a slight 0.97% dip from the previous month but soaring 17.31% year-on-year. This nuanced fluctuation underscores not just a stable increase in market demand but also the sector’s unparalleled capacity expansion.
Cumulative production through July this year has reached a staggering 2,774,000 tonnes, surpassing last year’s figures by a remarkable 20.41%, with an additional output of approximately 470,200 tonnes. This substantial growth underscores the thriving state of the TiO2 industry and the relentless surge in market requirements. Notably, July witnessed a notable surge in chloride process-based TiO2 production, hitting 51,400 tonnes, a year-over-year jump of 14.67% and a monthly increase of 1.97%. This trend underscores the widespread adoption and efficiency advantages of the chloride process in the global market.
According to AsiaMB’s insights, the cumulative chloride process TiO2 production for the first seven months of 2024 has reached 373,800 tonnes, up 7.22% from the same period last year. This statistic underscores the immense potential and upward trajectory of chloride process technology within the TiO2 industry.
Overall, the Chinese TiO2 industry has maintained a robust growth trajectory both in terms of monthly and cumulative production figures. This positive momentum has not only bolstered the confidence of industry players but also infused fresh vitality into the broader chemical sector. Looking ahead, with the relentless expansion of market demand and continuous advancements in production technologies, the TiO2 industry is poised to sustain its growth trajectory, ensuring a vibrant and prosperous future.