China’s titanium dioxide (TiO2) industry is set to reap huge benefits from the $586 billion injection the country ploughed into its economy in 2009 with car production one of biggest beneficiaries of a buoyed economy.
As a direct consequence, TiO2 consumption is expected to grow by 15% in 2010.
The pigment, which is basis for all white paint, has seen a strong recovery in China since mid-2009, with the vast majority of domestic producers operating at full capacity since.
The is very different to the demand scene...