Titanium dioxide market enters a period of deep adjustment

Global economic risks have increased significantly in recent months. This is mainly due to geopolitics and the ongoing trade conflict between the United States and its trading partners. These conflicts are not expected to ease in the near future, slowing down global macroeconomic growth significantly, and paint industry giants have announced online coatingol.com for the first half of 2019. From the performance of these enterprises, in the first half of 2019, the overall paint industry market was depressed, the downward pressure of the industry increased, and entered a period of deep adjustment.

PPG2's annual sales in the first half of 2009 were 7.648 billion US dollars, down 3.34% from the previous year, and its net profit was 584 million US dollars, down 17.16% from the previous year. Among them, the first half annual sales of high-performance coatings business was 4.538 billion US dollars, down 2.58% from the same period last year; the profit of the branch was 722 million US dollars, up 2% from the same period last year. The annual sales of industrial coatings business in the first half of the year were 3.11 billion US dollars, down 4.4% from the same period last year, and the profit of the branch was 453 million US dollars, down 2% from the same period last year. The annual sales of Akzo Nobel in the first half of 2019 amounted to 4.636 billion euros, an increase of 0.3% over the same period last year, which was basically the same as that of the same period last year and increased by 1% at a fixed exchange rate. Price/portfolio as a whole increased by 5%, mainly driven by pricing initiatives. As Akzo Nobel focused on value rather than quantity, volume fell by 6%. Except for China, sales fell by 3%.

Due to the decline of the performance of the downstream coating industry, the upstream raw material market such as titanium dioxide also declined. Now the trend of titanium dioxide products will be towards large-scale, centralized, differentiated, diversified and customized development. For the production of chlorinated titanium dioxide, large-scale chlorination process is necessary. Continuous production can meet the chlorination and oxidation cycle, and can achieve production standards and produce benefits. At the same time, domestic sponge titanium production enterprises are also relatively concentrated. The amount of titanium dioxide needed by sponge titanium enterprises is relatively concentrated, and should also be toward large-scale and centralized development. For the fine chemical industry market, it will develop towards differentiation, diversification and customization. Titanium dioxide has many uses and a wide range of applications. The quality requirements for each use are different. Based on meeting the market demand, it is also a strong and refined titanium dioxide industry.