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Recent developments in the global titanium dioxide markets
FOCUS 2016 to $14.12 bn by 2021, at a CAGR of 5.8% between 2016 and 2021. Original Source: MarketsandMarkets, 2017. Found on PR Newswire, 23 Mar 2017 (Website: http://www.prnewswire.com).
Recent developments in the global titanium dioxide markets The global titanium dioxide (TiO2) industry is set to expand by nearly 4.5%/ y from €10.17 bn in 2015 to nearly €13 bn by 2020, as paints led all enduse segments with a 55% share in 2015. Chinese output fell 4.6% year-onyear to 2.323 M tonnes in 2015. Key producers include Argex Titanium Inc, Chemours, Cristal Global, Evonik, Huntsman, Kronos Worldwide Inc and Tronox Ltd. For 4Q 2016, Chemours' Titanium Technologies segment raised its revenue by 5.8% to $623 M, equivalent to 47.5% of the overall figure. In Feb 2017, Tronox announced its planned $1.67 bn purchase of Cristal TiO2, to be supported by the divestment of its Alkali business by 1Q 2018. As reported by Mordor Intelligence, the global TiO2 nanomaterials sector is set to expand at 7.7% CAGR from $221 M in 2015 to $320 M by 2020, led by personal care and paints & coatings. A table in the Chemical Weekly article shows Asia's top 15 TiO2 producers by capacity led by Sichuan Lomon Titanium Industry (300,000 tonnes/y in Chengdu, China) followed by CNNC Hua Yuan Titanium Dioxide (200,000 tonnes/y in Lanzhou, China) and Shandong Dongjia Group (160,000 tonnes/y in Zibo, China). Another table shows North America's top TiO2 producers by capacity led by Chemours (380,000 tonnes/y in New Johnsonville, TN, US; 340,000 tonnes/y in Altamira, Mexico; and 300,000 tonnes/ y in DeLisle, MS, US). A pie chart shows the global market share for TiO2 by company in 2016, led by Chemours (17%), Cristal (12%) and Huntsman (11%). A bar graph shows build-up in China TiO2 capacity during 1999-2015. Another bar graph shows the net change in global TiO2 capacity during 1981-2015. Original Source: Chemical Weekly, 14 Mar 2017, 210-214 (Website: http://www. chemicalweekly.com) © Sevak Publications & Chemical Weekly Database P Ltd 2017.
Price & market trends: Europe TiO2 spikes, contracts firm European spot prices for titanium dioxide (TiO2) are increasing and
2
ON
PIGMENTS
contracts for 2Q 2017 are reportedly rising by three digits. Supply is getting tighter ahead of the 2Q 2017 peak season for primary downstream industries. Moreover, Europe's TiO2 availability is still limited due to stringent inventory controls, healthy demand, reduced imports from China, and the declared force majeure on Huntsman's Pori TiO2 facility in Finland that has been down after a fire broke out in early 2017 (see also 'Focus on Pigments', Apr 2017, p5). Buying and reselling players are facing challenges in securing adequate material, adding that lead times have also been longer at 45-60 days. These players expect supply tightness to persist especially with the anticipated uptick in demand from downstream paints/coatings and plastics sectors amid favourable weather and higher construction activity in northwest Europe. Currently, European TiO2 prices are trading at €2600-2750/tonne free delivered (FD) northwest Europe (NWE). In 1Q 2017, TiO2 contract prices were at €2.11-2.35/kg FD NWE. A line graph in the ICIS article shows the contract prices (€/kg) of European TiO2 in FD NWE transactions from Jan 2016 to Jan 2017. Original Source: ICIS Chemical Business, 2430 Mar 2017, 291 (12), 20 (Website: http:// www.icis.com) © Reed Business Information Limited 2017.
Titanium dioxide supply squeeze ‘threatens European plastics converters’ According to the Polymers for Europe Alliance, the shortage in titanium dioxide (TiO2) supply threatens the plastics producers in Europe, driven by unplanned maintenance closures. The TiO2 manufacturers are being called to help the plastics converting industry. There is no available material from outside the EU to aid the European business. There is also a very tight supply of some polymers, as reported by the alliance. Plastics converters are having a hard time in passing on the significant price rises to their clients. Original Source: European Plastics News, 11 Apr 2017, (Website: http://www. europeanplasticsnews.com) © Crain Communications Inc 2017.
Regulations on coal-fired utilities & drinking water to drive activated carbon market As reported by Roskill, US demand for activated carbon is set to reach 150,000 tonnes/y, as the US Court of Appeals decided to retain the Mercury and Air Toxics Standards (MATS) policy in Apr 2016. Global demand for powdered activated carbon (PAC) could double to 300,000 tonnes/y, assuming China enacts a similar move. The US and China will lead all nations in capacity expansion through 2025, while Cabot Purification Solutions, Osaka Gas Chemicals and Datong Coal Jinding Activated Carbon led all firms in terms of output. Calgon Carbon is set to bolster its granulated activated carbon (GAC) capacity from a record 123,000 tonnes/y into late-2017. US export prices are projected to climb further from $4200/tonnes in 2016 into 2017. Original Source: Chemical Weekly, 28 Feb 2017, 62 (30), 179 (Website: http://www. chemicalweekly.com) © Sevak Publications & Chemical Weekly Database P Ltd 2017.
North America calcium carbonate market to reach $9.19 bn by 2025 The North America calcium carbonate market is expected to reach $9.19 bn by 2025, according to a new report by Grand View Research Inc. The industrial filler is expected to emerge as the largest as well as fastest growing application segment. Paper segment of calcium carbonate industrial fillers is the largest & fastest growing segment. Its demand was 6,700,200 tonnes in 2015. Mexico's calcium carbonate demand will grow at an estimated CAGR of 4.9% from 2016 to 2025. Citric acid production will also foresee growth prospects to reach a market valuation of $1095.9 M by 2025. Key market players include Imerys Pigments, Parchem Fine & Specialty Chemicals, Omya and Mineral Technologies Inc, etc. Original Source: Grand View Research, 2017. Found on SpecialChem Plastics and Elastomers Formulation, 22 Mar 2017 (Website: http:// www.specialchem4polymers.com).
Textile industry to drive demand for azo dyes As reported by TechSci Research, India's azo dyes sector is set to expand MAY 2017
Recent developments in the global titanium dioxide markets The global titanium dioxide (TiO2) industry is set to expand by nearly 4.5%/ y from €10.17 bn in 2015 to nearly €13 bn by 2020, as paints led all enduse segments with a 55% share in 2015. Chinese output fell 4.6% year-onyear to 2.323 M tonnes in 2015. Key producers include Argex Titanium Inc, Chemours, Cristal Global, Evonik, Huntsman, Kronos Worldwide Inc and Tronox Ltd. For 4Q 2016, Chemours' Titanium Technologies segment raised its revenue by 5.8% to $623 M, equivalent to 47.5% of the overall figure. In Feb 2017, Tronox announced its planned $1.67 bn purchase of Cristal TiO2, to be supported by the divestment of its Alkali business by 1Q 2018. As reported by Mordor Intelligence, the global TiO2 nanomaterials sector is set to expand at 7.7% CAGR from $221 M in 2015 to $320 M by 2020, led by personal care and paints & coatings. A table in the Chemical Weekly article shows Asia's top 15 TiO2 producers by capacity led by Sichuan Lomon Titanium Industry (300,000 tonnes/y in Chengdu, China) followed by CNNC Hua Yuan Titanium Dioxide (200,000 tonnes/y in Lanzhou, China) and Shandong Dongjia Group (160,000 tonnes/y in Zibo, China). Another table shows North America's top TiO2 producers by capacity led by Chemours (380,000 tonnes/y in New Johnsonville, TN, US; 340,000 tonnes/y in Altamira, Mexico; and 300,000 tonnes/ y in DeLisle, MS, US). A pie chart shows the global market share for TiO2 by company in 2016, led by Chemours (17%), Cristal (12%) and Huntsman (11%). A bar graph shows build-up in China TiO2 capacity during 1999-2015. Another bar graph shows the net change in global TiO2 capacity during 1981-2015. Original Source: Chemical Weekly, 14 Mar 2017, 210-214 (Website: http://www. chemicalweekly.com) © Sevak Publications & Chemical Weekly Database P Ltd 2017.
Price & market trends: Europe TiO2 spikes, contracts firm European spot prices for titanium dioxide (TiO2) are increasing and
2
ON
PIGMENTS
contracts for 2Q 2017 are reportedly rising by three digits. Supply is getting tighter ahead of the 2Q 2017 peak season for primary downstream industries. Moreover, Europe's TiO2 availability is still limited due to stringent inventory controls, healthy demand, reduced imports from China, and the declared force majeure on Huntsman's Pori TiO2 facility in Finland that has been down after a fire broke out in early 2017 (see also 'Focus on Pigments', Apr 2017, p5). Buying and reselling players are facing challenges in securing adequate material, adding that lead times have also been longer at 45-60 days. These players expect supply tightness to persist especially with the anticipated uptick in demand from downstream paints/coatings and plastics sectors amid favourable weather and higher construction activity in northwest Europe. Currently, European TiO2 prices are trading at €2600-2750/tonne free delivered (FD) northwest Europe (NWE). In 1Q 2017, TiO2 contract prices were at €2.11-2.35/kg FD NWE. A line graph in the ICIS article shows the contract prices (€/kg) of European TiO2 in FD NWE transactions from Jan 2016 to Jan 2017. Original Source: ICIS Chemical Business, 2430 Mar 2017, 291 (12), 20 (Website: http:// www.icis.com) © Reed Business Information Limited 2017.
Titanium dioxide supply squeeze ‘threatens European plastics converters’ According to the Polymers for Europe Alliance, the shortage in titanium dioxide (TiO2) supply threatens the plastics producers in Europe, driven by unplanned maintenance closures. The TiO2 manufacturers are being called to help the plastics converting industry. There is no available material from outside the EU to aid the European business. There is also a very tight supply of some polymers, as reported by the alliance. Plastics converters are having a hard time in passing on the significant price rises to their clients. Original Source: European Plastics News, 11 Apr 2017, (Website: http://www. europeanplasticsnews.com) © Crain Communications Inc 2017.
Regulations on coal-fired utilities & drinking water to drive activated carbon market As reported by Roskill, US demand for activated carbon is set to reach 150,000 tonnes/y, as the US Court of Appeals decided to retain the Mercury and Air Toxics Standards (MATS) policy in Apr 2016. Global demand for powdered activated carbon (PAC) could double to 300,000 tonnes/y, assuming China enacts a similar move. The US and China will lead all nations in capacity expansion through 2025, while Cabot Purification Solutions, Osaka Gas Chemicals and Datong Coal Jinding Activated Carbon led all firms in terms of output. Calgon Carbon is set to bolster its granulated activated carbon (GAC) capacity from a record 123,000 tonnes/y into late-2017. US export prices are projected to climb further from $4200/tonnes in 2016 into 2017. Original Source: Chemical Weekly, 28 Feb 2017, 62 (30), 179 (Website: http://www. chemicalweekly.com) © Sevak Publications & Chemical Weekly Database P Ltd 2017.
North America calcium carbonate market to reach $9.19 bn by 2025 The North America calcium carbonate market is expected to reach $9.19 bn by 2025, according to a new report by Grand View Research Inc. The industrial filler is expected to emerge as the largest as well as fastest growing application segment. Paper segment of calcium carbonate industrial fillers is the largest & fastest growing segment. Its demand was 6,700,200 tonnes in 2015. Mexico's calcium carbonate demand will grow at an estimated CAGR of 4.9% from 2016 to 2025. Citric acid production will also foresee growth prospects to reach a market valuation of $1095.9 M by 2025. Key market players include Imerys Pigments, Parchem Fine & Specialty Chemicals, Omya and Mineral Technologies Inc, etc. Original Source: Grand View Research, 2017. Found on SpecialChem Plastics and Elastomers Formulation, 22 Mar 2017 (Website: http:// www.specialchem4polymers.com).
Textile industry to drive demand for azo dyes As reported by TechSci Research, India's azo dyes sector is set to expand MAY 2017