Demand for Titanium Dioxide Expected to Improve
The majority of people expressed bullishness about the market performance of titanium dioxide in 2023.
The researcher Wang Chikun of Beijing Seeing Research Institute told the Securities Daily reporter: " As the price of titanium dioxide rises, loss-making enterprises or gradually resume production, the increase in production capacity will make titanium dioxide supply increase. In the meantime, with the market looking forward to economic recovery, titanium dioxide market demand is expected to gradually increase in 2023."
The Founder Securities chemical chief analyst Ren Yuchao said, " the real estate and infrastructure construction is the main source of demand for titanium dioxide. Currently, the real estate policy preference for stable, marginal relaxation, domestic titanium dioxide downstream pressure to reduce. In addition, the main exports of China's titanium dioxide to India, Brazil and other emerging economies. These economies have a faster economic development, infrastructure and real estate demand continued to grow and other characteristics, pulling China's titanium dioxide exports are upward trend. As domestic real estate policy marginal relaxation and overseas demand pull, titanium dioxide demand is expected to improve, the industry or will gradually recover."
According to a research report by ZSE Securities, with the global coating industry, plastics industry and other stable development, the demand for titanium dioxide is expected to maintain the growth trend. According to the China Paint Industry Association data, it is expected that by 2025, China's paint production will reach 30 million tons, with a compound growth rate of 4.96% from 2021 to 2025; meanwhile, the country introduced relevant real estate policies starting in November 2022, real estate enterprises credit, debt financing and equity financing were eased. It is anticipated that the future with the improvement of the real estate boom, is expected to pull titanium dioxide demand, driving up the price of titanium dioxide.
The head of a titanium dioxide enterprise told reporters that the overall macroeconomic economy is facing the good, the internal cycle of demand pull, is expected to be more optimistic about the overall market in 2023.
