Global titanium dioxide demand to grow

Global titanium dioxide demand is estimated to grow at a compound annual growth rate of 3.5 %, reaching 6.79 million tonnes by 2016. However, potential production expansions anticipated during this period could create an oversupply situation of over one million tonnes by 2016, creating downward pressure on titanium dioxide prices, according to a new study by IntertechPira. The study, entitled "The Future of Titanium Dioxide", contains analyses of the market by end use and geographic region. It provides detailed forecasts of titanium dioxide pigment supply, demand and sales growth by volume and value, as well as addresses the development and commercialization of new feedstock and pigment production technologies. This new study provides consumption forecasts for titanium dioxide in its major end-use markets: coatings, plastics and paper. A key focus of the study is the affect of both the global economy and potential new capacity on titanium dioxide supply and demand.