In recent years, the price of titanium dioxide has continued to rise, putting great pressure on the downstream coating industry. In response, international coatings giants such as the US Sherwin-Williams Coatings Co., the US PPG Industry Corporation, and the AkzoNobel Co. of the Netherlands have recently stated that they will take measures to minimize the use of titanium dioxide and at the same time reduce the cost of raw materials by finding alternatives. Analysts believe that this move will bring a huge impact on the domestic titanium dioxide industry.
In the first half of last year, the price of titanium dioxide had gone all the way. In the second half of the year, it weakened with the demand and the price once dipped. However, after setting a minimum price in November last year, the titanium dioxide market has ushered in a turning point, and the quotations are rising even closer to the highest point of last year.
Under the pressure of high-priced titanium dioxide, the world's major paint companies are miserable. Christopher Conner, chief executive of Sherwin-Williams Coatings, expects that the continued rise in titanium dioxide prices will increase the company's raw material costs by 10% this year. PPG also pointed out that the price of titanium dioxide increased by 35% last year, and the price of chlorinated titanium dioxide will continue to rise this year.
"Assuming that the price of the paint is 100 yuan, then the cost will be at least 65 yuan." A senior Yip's chemical told this reporter.
It is reported that paint manufacturers such as Dow Chemical and Arkema in France are trying to find alternatives to titanium dioxide. Last year, Dow Chemical introduced a latex polymer that increased the opacity of titanium dioxide in coatings and reduced the use of titanium dioxide in paint formulations by 20%. In January this year, Arkema successfully developed an opaque polymer called Clococor that can partially replace titanium dioxide.
The demand for titanium dioxide in foreign markets has always been much better than in China. It is precisely for this reason that some domestic large-scale manufacturers begin to target foreign trade exports, but if such alternatives are really realized, the domestic market demand for titanium dioxide will be greatly hit.
In the first half of last year, the price of titanium dioxide had gone all the way. In the second half of the year, it weakened with the demand and the price once dipped. However, after setting a minimum price in November last year, the titanium dioxide market has ushered in a turning point, and the quotations are rising even closer to the highest point of last year.
Under the pressure of high-priced titanium dioxide, the world's major paint companies are miserable. Christopher Conner, chief executive of Sherwin-Williams Coatings, expects that the continued rise in titanium dioxide prices will increase the company's raw material costs by 10% this year. PPG also pointed out that the price of titanium dioxide increased by 35% last year, and the price of chlorinated titanium dioxide will continue to rise this year.
"Assuming that the price of the paint is 100 yuan, then the cost will be at least 65 yuan." A senior Yip's chemical told this reporter.
It is reported that paint manufacturers such as Dow Chemical and Arkema in France are trying to find alternatives to titanium dioxide. Last year, Dow Chemical introduced a latex polymer that increased the opacity of titanium dioxide in coatings and reduced the use of titanium dioxide in paint formulations by 20%. In January this year, Arkema successfully developed an opaque polymer called Clococor that can partially replace titanium dioxide.
The demand for titanium dioxide in foreign markets has always been much better than in China. It is precisely for this reason that some domestic large-scale manufacturers begin to target foreign trade exports, but if such alternatives are really realized, the domestic market demand for titanium dioxide will be greatly hit.
Shangqiu Jinda Tools Co.,Ltd , https://www.jindameasuring.com