Metalpedia
Metalpedia
  • Titanium industry news
  • 1. Global Titanium Dioxide Market is expected to reach USD 17.12 Billion in 2020: Transparency Market Research (source:Yahoo Finance)
  • Transparency Market ResearchTransparency Market Research has published a new market report titled "Titanium Dioxide Market for Paints & Coatings, Plastic, Paper and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020." According to the report, the global titanium dioxide market was valued at USD 13.14 billion in 2013 and is anticipated to reach USD 17.12 billion by 2020, expanding at a CAGR of 3.8% from 2014 to 2020.
  • Titanium dioxide is a white-colored, solid, inorganic material with high thermal stability and poor solubility. Major raw materials used in the production of titanium dioxide include mineral sources such as ilmenite and rutile. Major processes used in the manufacturing of titanium dioxide include sulfate process and chloride process.
  • Demand for lightweight vehicles has increased due to rising demand for fuel-efficient vehicles. This trend is estimated to continue during the forecast period. Polycarbonate, a thermoplastic, is used as a substitute for metal and glass-based automotive parts in lightweight materials. However, low scratch resistance of polycarbonate has restrained its market growth.
  • paintsTitanium dioxide is one of the major coating materials used to coat polycarbonate. Therefore, rising demand for lightweight vehicles coupled with increasing demand for polycarbonate has been a major factor driving demand for titanium dioxide. Demand for titanium dioxide nanoparticles has increased in the recent times. This is projected to drive growth of the titanium dioxide market during the forecast period. There has been an increase in the number of stringent regulations in the titanium dioxide market due to environmental and health hazards associated with titanium dioxide. This is one of the major factors hampering demand for titanium dioxide. Rising demand for coatings in photovoltaic modules to increase their efficiency is likely to offer high growth opportunities in the titanium dioxide market.
  • Based on application, demand for titanium dioxide has been segregated into four major segments: paints & coatings, plastic, paper, and others. Paints & coatings was the largest application segment for titanium dioxide in 2013 and accounted for over 50% of the market share in the same year. This trend is expected to continue during the forecast period. Plastic is anticipated to be the fastest growing application segment owing to high growth in end-user industries such as packaging and automotive. Other application segments include niche application segments such as artificial fibers and inks.
  • Asia Pacific dominated the global titanium dioxide market with a share of over 40% in 2013. This trend is estimated to continue during the forecast period. Asia Pacific is projected to be the fastest growing region in the next few years due to high growth in several end-use industries in emerging economies of India and China.
  • The titanium dioxide market is consolidated in nature; and the top four players constituted over 50% of the global market share in 2013. Major players in the titanium dioxide market include DuPont, Cristal Global, Kronos Worldwide and Tronox Limited.
  • 2. Russian titanium supply to Airbus, Boeing unaffected by Ukraine crisis - trade minister (source: Yahoo Finance)
  • July 15, 2014
  • FARNBOROUGH England (Reuters) - The supply of Russian titanium to aircraft manufacturers Airbus (AIR.PA) and Boeing (BA.N) will not be affected by the deterioration of East-West relations over the Ukraine crisis, the Russian deputy trade minister said on Tuesday.
  • "Our colleagues are worried regarding the supply of titanium ... We met here with Boeing. They once again asked us to confirm that we will honour contracts relating to VSMPO-Avisma corporation. We confirm," Russia's Interfax news agency reported Deputy Minister for Industry and Trade Yuri Slyusar as saying on day two of the Farnborough Airshow.
  • VSMPO, the world's largest titanium producer, has been reported to meet 40 percent of titanium products demand at Boeing and 60 percent of demand for Airbus, although Slyusar said there was nothing to suggest the figures were that high.
  • The metals supplier, which is 25 percent owned by Russian state defence conglomerate Rostec, whose CEO Sergei Chemezov was made the subject of Western sanctions in late April for Russia's role in the Ukraine crisis, confirmed on Monday it had extended its supply contract with Boeing until 2022.
  • Tensions over the Ukraine crisis, which has driven relations between Russia and the West to their lowest point since the Cold War, have been highly visible at Farnborough this year. Russia is not displaying any military hardware and a number of its delegates were unable to attend after failing to receive British visas.
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