BEIJING, June 18 /PRNewswire-Asia/ -- Frbiz.com, one of China's leading B2B search platforms, forecasts 2010 paint market trends.
The rapid development of China's coating industry has created a huge market space for paint, and has caused the titanium dioxide industry in China to enter a golden era.
In recent years, China's rapid economic development has seen the coating industry gradually expand. According to 2009's statistics, China's titanium dioxide production reached 1.04 million tons, which breaks the previous record with an increase of 259,400 tons over the previous year. This indicates an increase of about 32.9%. Since the beginning of 2010, China's domestic economic environment has remained stable, making titanium dioxide industry sales, likewise, very stable. In 2010, national titanium dioxide yield may reach 1.2 million tons. This expansion is expected to continue on into 2015, when annual output of titanium dioxide in China should reach 1.9 million tons.
In 2007, the output of iron oxide in China was about 780,000 tons. In 2008, it was about 620,000 tons. With 2009 showing an output of 560,000 tons, the last three consecutive years have shown a marked decline. Now in 2010, the industry appears to be of the rise again, with orders increasing, and iron oxide enterprise operating rates rising. Although the situation is generally favorable in 2010, raw materials prices are increasing faster than the product prices, creating a slightly unstable market environment for the iron oxide industry.
With the onslaught of the industry's development, the demand for paint has become more and more great, while requirements for the quality of the product are also on the rise. From a data perspective, titanium dioxide has become a major supporting branch to the domestic paint market, and should see greater development in the years to come.
In comparison to the titanium dioxide industry, the iron oxide industry's development has been poor and should remain so, mainly due to private plants having capacity that is too small in combination with no standardized treatment facilities and heavy environmental impact. After industry consolidation, these small factories have been forced to close which has eventually led to a decline in iron oxide production. However, although the iron oxide industry is seeing a temporary decline, after integration, formalized groups of large and medium sized enterprises should appear and will eventually succeed in these markets, creating a rapid new stage of development for the Chinese iron oxide industry.
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