Latest titanium dioxide report released recently, the IHS Markit, according to the report, from 2014 to 2019, the global value chain market will continue to grow at an average annual rate of 3.5%, Asia in China led to become the main driver of consumption increase, Asian demand during the annual average growth rate of 5%.
At the same time, the titanium dioxide market will further integration, the increase in mergers and acquisitions will make a further reduction in the number producers, market prices are expected to continue to go up。
By 2019 the global value chain market will continue to grow at an average annual rate of 3.5%
Markets continue to integrate
American company, announced on February 21st, with $1.7 billion acquisition of Saudi Arabia, business, the company is expected to create a new leading enterprises, the world's largest and highest level of integration. The combined company will operate in eight countries around the world 11 titanium white plant, a total capacity of 1.3 million tons/year, more than from dupont spun off for company.