titanium oxide tio2 factory

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② Plastics: At present, it is the second largest user of titanium dioxide pigments, accounting for about 20% of the total demand for titanium dioxide. The amount of titanium dioxide used in plastic products will vary with the use requirements, generally between 0.5% and 5%. According to data from the National Bureau of Statistics, the production of plastic products in China increased from 57.81 million tons in 2012 to 81.84 million tons in 2019, with a compound annual growth rate of 5.1%. The amount of titanium dioxide increases accordingly.

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One of the primary drivers of titanium dioxide pricing is its production cost. Changes in raw material expenses, energy costs, and labor rates directly impact the bottom line for producers. For instance, if the cost of mining the raw materials required for producing titanium dioxide increases, we can expect to see a corresponding rise in the product's market price. Conversely, technological advancements that reduce production costs could lead to lower prices at the consumer level.

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