BEIJING, March 3 /PRNewswire-Asia/ -- Frbiz.com, one of China's leading B2B search platforms, reports titanium dioxide demand will increase by around 15%.
China's titanium dioxide industry, whether in production or in consumption, is walking at the front of the global economic recovery. In 2010, domestic titanium dioxide demand is expected to grow 15%, while at the same time the titanium dioxide industry in Europe and North America continues to struggle.
In the government's economic stimulus plan under the impetus of China's expanding auto industry, China will become a key market for titanium dioxide applications.
China has become the world's largest car manufacturing plant, which is largely driven by a consumption growth in coatings and plastics.
In 2010, the Chinese government will continue to promote the economic stimulus policies that will promote the titanium dioxide demands growth. This year the domestic titanium dioxide demand will grow by 15% or more.
Within the next few years, China's continued growth in demand for titanium dioxide feedstock will bring enormous pressure, while ilmenite and rutile ( http://frbiz.com/catalog-22000000-1/Minerals_Metallurgy.html ) in a number of new mines has not yet reached full production.
In 2009, China's titanium import volume increased by 27.9% year-on-year, which hit the highest recorded increase. Due to the titanium dioxide production capacity expansion and the government's policy support, the next few years are expected to see China's titanium imports continue to grow significantly.
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