At present, China is not only a major global producer of Titanium Dioxide, but also one of the main consumer countries, and the industry scale is steadily increasing. In the current titanium dioxide industry chain in China, enterprises in various links are distributed in multiple provinces, and most titanium dioxide production enterprises have layout in both domestic and foreign markets, with the industry's prosperity constantly improving.
1、 Analysis of the Competition Pattern of China's Titanium Dioxide Industry
1. Market echelon
From the perspective of production enterprises, the number of enterprises in various links of China's titanium dioxide industry chain has significantly increased in recent years. Based on the market production of titanium dioxide by each enterprise, titanium dioxide production enterprises are divided into three market echelons. As of the end of 2021, Longbai Group ranks first in the market echelon with a market production of 900000 tons; Secondly, two companies, CNNC Titanium Dioxide and Vanadium Titanium Co., Ltd., rank first in the market, with their titanium dioxide market production ranging from 200000 to 400000 tons; In addition, enterprises represented by Jinpu Titanium, Huiyun Titanium, and Anada are located in the third market tier, with an average annual market output of less than 200000 tons.
2. Market share
With the continuous tightening of environmental protection policies in China in recent years, the entry threshold for chemical industries such as titanium dioxide has been raised, and stricter regulations have been put forward in terms of enterprise output, production equipment, and technical standards. In the pattern of China's titanium dioxide industry, according to the production of each enterprise, Longbai Group's market production accounted for 25% in 2021, ranking first in the industry; After that, the titanium dioxide production shares of CNNC Titanium Dioxide and Pangang Group Vanadium Titanium&Resources are about 10% and 7% respectively. In addition, the market output shares of other domestic titanium dioxide manufacturers have reached 58% in total.
3. Market concentration
According to industry research data compiled and released by Beijing Yanjing Bizhi Information Consulting, by the end of 2021, the output of China's titanium dioxide market has reached about 3.8 million tons. Among the production enterprises, there are about 10 enterprises with an annual output exceeding 100000 tons, and their production accounts for about 70% of the total output of the national titanium dioxide market; There are about 18 enterprises with an annual output of over 50000 tons, accounting for about 85% of the current titanium dioxide market production overall.
2、 Prediction of the Development Trend of China's Titanium Dioxide Industry
1. Accelerated industrial transformation speed
From the overall development of the titanium dioxide industry, with the continuous growth of demand in downstream application fields, it has to some extent promoted the development process of the titanium dioxide industry. After years of rapid development, the quality level of China's titanium dioxide industry has achieved a significant improvement, and the products in the industry are gradually developing from low-end to mid to high-end fields. The gap between the industry and the global mainstream level is gradually narrowing, The future titanium dioxide industry will focus on high-performance and refinement as the main development direction. At the same time, in the context of China's current stricter environmental protection policies, the production technology of titanium dioxide combined with green environmental protection is expected to become the mainstream direction of the industry in the future, which has significant benefits for the development of the industry.
2. Continuous concentration of production capacity
Due to the transformation of low-carbon production in China, higher requirements have been put forward for the high-energy consumption production industry. At the government level, multiple policies and regulations have been introduced to promote the development of industries such as titanium dioxide, in order to eliminate outdated production capacity and enhance the competitiveness of advantageous enterprises. This will enhance the competitive advantage of large titanium dioxide manufacturers, reduce the number of small and medium-sized enterprises in the industry that lack production capacity, further enhance the overall industry concentration, and promote the continuous concentration of market capacity in China's titanium dioxide industry.
