In 2022, the output and capacity of Titanium Dioxide will continue to grow, and the concentration ratio of capacity will be further improved; At the same time, the production scale of existing production enterprises has further expanded, and in addition, the increase in investment projects outside the industry by production enterprises will lead to a shortage of titanium ore supply.
The total production capacity of the industry has reached 4.7 million tons. According to statistics, in 2022, China's titanium dioxide industry will have 43 full process manufacturers with normal production conditions, except for shutdown. Among them, there are 2 companies with pure chlorination process (CITIC Titanium Industry, Yibin Tianyuan Haifeng and Tai), 3 companies with sulfuric ACID process and chlorination process (Longbai, Pangang Vanadium Titanium, Lubei Chemical), and the remaining 38 companies with sulfuric acid process.
In 2022, the comprehensive output of 43 full process titanium dioxide enterprises will be 3.914 million tons, an increase of 124 thousand tons over the previous year, or 3.27%. Among them, the rutile type is 3.261 million tons, accounting for 83.32%; The sharp titanium type is 486000 tons, accounting for 12.42%; Non pigment grade and other products account for 167000 tons, accounting for 4.26%.
In 2022, the total effective capacity of titanium dioxide in the whole industry will be 4.7 million tons/year, the total output will be 3.914 million tons, and the capacity utilization rate will be 83.28%.
The industrial concentration ratio has been continuously improved. According to statistics, in 2022, there will be one super large enterprise whose actual output of titanium dioxide will reach more than 1 million tons; 11 large enterprises with a production capacity of 100000 tons or more; 7 medium-sized enterprises with a production capacity of 50000 to 100000 tons; The remaining 25 manufacturers are all small and micro enterprises.
The comprehensive production of the top 11 manufacturers in the industry was 2.786 million tons, accounting for 71.18% of the total industry production that year; The comprehensive output of 7 medium-sized enterprises is 5500000 tons, accounting for 14.05%; The comprehensive output of the other 25 small and micro enterprises is 578000 tons, accounting for 14.77%. Among the full process production enterprises, there were 17 with an increase in output compared to the previous year, accounting for 39.53%; 25 companies decreased, accounting for 58.14%; One company remained unchanged, accounting for 2.33%.
In 2022, the comprehensive output of chlorination titanium dioxide of five chlorination enterprises in China will be 497000 tons, an increase of 120000 tons over the previous year, or 3.19%. In 2022, the output of chlorinated titanium dioxide will account for 12.70% of the total output of titanium dioxide in China that year; It accounted for 15.24% of the output of rutile titanium dioxide in that year, which was significantly higher than that of the previous year.
In 2022, the domestic output of titanium dioxide will be 3.914 million tons, the import volume will be 12.3 million tons, the export volume will be 1.406 million tons, and the apparent market demand will be 2.631 million tons, 1.88 kg per capita, about 55% of the per capita level in developed countries.
The scale of manufacturers has further expanded. Among the disclosed expansion or new construction projects being implemented by existing titanium dioxide manufacturers, at least 6 projects will be completed and put into operation from 2022 to 2023, with an additional scale of more than 610000 tons/year. By the end of 2023, the total production scale of existing titanium dioxide enterprises will reach about 5.3 million tons/year.
According to the publicly disclosed information, there are at least 4 non industrial investment titanium dioxide projects under construction and to be completed by the end of 2023, with a design capacity of more than 660000 tons/year. By the end of 2023, China's total production capacity of titanium dioxide will reach at least 6 million tons/year.
