The main types of titanium dioxide include anatase, rutile
and brookite. Among them, anatase and rutile are the most commonly used crystal
forms.
In the middle of the 19th century, scientists began to
conduct research and exploration on the chemical properties and application
fields of titanium dioxide.
At the beginning of the 20th century, the titanium dioxide
industry entered the stage of industrial production. In the initial stage, it
was mainly used in the manufacturing of products such as fireworks, ceramic
glazes and glass.
Nowadays, modern titanium dioxide has the characteristics of
economies of scale, high efficiency and environmental protection. It is mainly
used in various fields such as coatings, plastics and cosmetics.
The titanium dioxide market occupies an important position on
a global scale. According to data from 2023, the global market size of titanium
dioxide is approximately 18 billion U.S. dollars. It is predicted that it will
continue to expand at a compound annual growth rate of 3.8%.
The Asia-Pacific region is an extremely important consumer
market in the global titanium dioxide industry. Among them, China occupies a
key position. It is not only an important consumer market but also an important
producer. Relevant data shows that China's titanium dioxide market accounts for
36.49% of the global market. In 2023, the market capacity of titanium dioxide
in China is as high as 52.418 billion yuan.
At present, titanium dioxide is mainly used in industries
such as coatings, plastics, paper, rubber, and ceramics. Among them, the
coatings industry is the largest consumption field, accounting for about 60%.
Under the circumstances of the gradual recovery of the global
economy and the continuous progress of infrastructure construction, coupled with
the continuous increase in the market share of environmentally friendly
water-based coatings, the demand for high-quality titanium dioxide in the field
of architectural coatings maintains stable growth.
In addition, nano-titanium dioxide has unique optical,
electrical and catalytic properties, and has broad application prospects in
fields such as new energy, environmental protection, and biomedicine, making it
a market hotspot at once.
In 2023, the largest producer of nano-titanium dioxide in the
world is Japan's TAYCA company, with a market share of nearly 70%. In China,
the market size of nano-titanium dioxide has reached nearly 2,000 tons. In
recent years, the number of enterprises in China that have laid out the
nano-titanium dioxide industry has continued to increase, resulting in
increasingly fierce market competition.
In general, in 2024, under the background of stable growth in
demand, gradual optimization of supply and continuous advancement of
technological innovation, the titanium dioxide market will continue to maintain
a relatively active development trend.
However, the market also faces some challenges. For example,
trade frictions such as anti-dumping investigations by Brazil and Saudi Arabia
on titanium dioxide originating in China may affect the import and export trade
of titanium dioxide and then change the market supply pattern.