Five global producers make up more than 56% of the global nameplate capacity: DuPont, Cristal Global, Tronox, Huntsman and Kronos.
(PRWEB) June 09, 2012
TZ Minerals International (TZMI) is pleased to announce the release of the third edition of the TiO2 Pigment Annual Review which is dedicated to the US$17 billion global titanium dioxide pigment market, which has experienced varying dynamics since the first edition was published by TZMI.
In 2008, the TiO2 pigment industry operated in an environment of depressed profitability with record high raw material and energy costs resulting in an oversupply of TiO2 in western markets.
With the onset of the Global Financial Crisis (GFC), inventories were drawn down and capacity idled, making it difficult to re-start the supply chain when the market recovered.
The tight supply situation started in 2010 and continued through 2011, with price increases announced regularly during the two year period. As a result, global pricing increased by 8% in 2010 and almost 40% in 2011.
As the TiO2 producers recovered profitability, it became clear that the titanium feedstock producers were next in line. The global shortage of feedstock resulted from depleting resources in combination with a lack of investment in the industry in the past 20 years.
The past year (2011) turned out to be a year with two faces. TiO2 markets in the first half of 2011 were as buoyant as in 2010, a year which had a record global demand. The year started out with strong momentum in the emerging economies, led by Brazil, Turkey, Russia and India. The second half of the year was characterised by strong volatility and several European countries were drawn back into territories of negative GDP growth as consumer confidence decreased further and austerity measures continued to be implemented.
In China, the government implemented measures to restrict the availability of credit to cool down an overheating property and housing market. These measures eventually worked their way down the supply chain and demand in China dropped dramatically. Overall in the fourth quarter of 2011, China’s import volumes dropped by a massive 47% compared to the second quarter of 2011.
TiO2 pigment is used predominantly in the production of high-quality surface finishes to impart opacity, brightness, and whiteness. TiO2 extends the life of the medium it is incorporated into, absorbing and reflecting ultra-violet radiation which would otherwise accelerate the decomposition of the medium. However, TiO2’s main attribute is to improve the aesthetic appearance of the product and, as such, TiO2 is considered to be a quality of life product and consumption generally increases as disposable income increases.
Five global producers make up more than 56% of the global nameplate capacity: DuPont, Cristal Global, Tronox, Huntsman and Kronos. DuPont and Tronox operate only chloride route plants, the other global producers operate plants that use both sulfate and chloride route technologies.
The principal product of the mineral sands industry is titanium raw minerals used as feedstock for the production of primarily, (TiO2) pigment and, to a lesser extent, titanium metal.
Of the TiO2 feedstock mined and processed, more than 90% is used in the chloride and sulfate methods of TiO2 pigment production.
The TiO2 Pigment Annual Review 2012 covers provides up-to-date commentary and independent analysis of the TiO2 sector including producers, end-consumers, and supply and demand scenarios, as well as an outlook for coming years.
The information contained in TiO2 Pigment Annual Review 2012 is carefully researched drawing on TZMI’s extensive database. It is also an essential reference for the industry while identifying key trends and developments within the sector and the broader impact on a global scale.
This publication is a significant resource for participants in the TiO2 sector and extends to those in the mineral sands industry in general. It is suitable for those wanting to maintain an in depth understanding of the sector, including:
- Pigment producers
- End-consumers (paint and coatings, paper, chemicals and others)
- Mineral sands industry participants
- New entrants to the industry
- Financial industry (Fund managers, hedge funds, investors and potential investors)
Orders for TiO2 Pigment Annual Review 2012 are now being taken by TZMI. For more information please visit http://www.tzmi.com or call +61 8 9359 6000.
TZ Minerals International (TZMI) is a global, independent consulting and publishing company with offices in Australia, China, the US, Europe and Africa. The strength of TZMI’s consulting services stems from extensive practical experience in the mineral sands, titanium dioxide and coatings industries and from a comprehensive database, which has been built up over many years.
TZMI has proven expertise gained from our consultants having many years of direct operating experience in the industry in chief executive, senior operational, analytical and marketing roles.
TZMI’s publications and data services support the consulting activities and ensure up-to-date, high quality and comprehensive data, analysis and information across the mineral sands, zircon and TiO2 pigment industries.
TZMI provides operational and technical expert advice on many areas including:
- Mergers and Acquisitions
- Market Assessments and industry analysis
- Due diligence
- Pre-feasibility studies incl. preliminary capital and operating cost estimation
- Competitive cost analysis and benchmarking
- Technical reviews and audits
- Resource assessments
- Physical separation test work
- Flowsheet development
- Customised data analysis and reporting