The Survey of Titanium Dioxide in China

China is currently the largest titanium dioxide supplier in the world, with its capacity exceeding the US in 2008 stimulated by growing domestic demand. Apart from the rapid capacity expansion, Chinese titanium dioxide industry is experiencing the following changes in currently sluggish market. Raw materials' price decline Raw materials prices have slumped in 2009. For instance, sulfuric acid price has dived to USD58/t in Mar. 2009 from USD219/t in Jul. 2008. Will it stimulate China's TiO2 production and increase manufacturers' profits? What measures are Chinese manufacturers taking to enlarge profit margin? Development of chloride process Pangang Group Jinzhou Titanium Industry Co., Ltd., the only Chinese producer adopting chloride process till now, has completed its chloride process capacity expansion in Mar. 2009, and aims to further expand in the future. What's the development trend of China's chloride process in the following years? And why there hasn’t been any foreign manufacturer investing in chloride process in China till now, by joint venture or singe proprietorship? Will DuPont establish its new plant smoothly in the near future? Tightening titanium ore supply Vietnam, one of the most important origins of China's titanium ore, once declared to ban ore export in Jan. 2009. Facing high import dependence rate, how will Chinese producers ensure the sufficient raw material supply in the future? Rising waste treatment cost In titanium dioxide industry, waste treatment cost constitutes relatively large portion of production cost. With the government's increasing attention to environmental protection, how will Chinese manufacturers deal with the rising cost? TiO2 consumption change Though greatly impacted by the financial crisis, China's TiO2 demand broke a new record in 2008. However, Chinese end users have different consumption habits and usually replace TiO2 by other substitutes. What are the consumption habits and quality requirements of Chinese end users? Will the vitalising plans and other supporting measures benefit TiO2 industry? This report describes the current dynamics of China's titanium dioxide industry, covering production and consumption, import/export analysis and benchmarking of key manufacturers. Based on the in-depth analysis, the report provide insightful qualitative and quantitative forecast to the next five years, and discloses the key opportunities for foreign suppliers and manufacturers aiming at Chinese and global TiO2 market. In addition to the above issues, you can find detailed analysis for the following questions: 1. What are the capacity/output of China's top 30 manufacturers in Mar. 2009, and their product types, ore supply and inventories? 2. What are the characteristics of capacity distribution and concentration in China? 3. What's the profit situation and competitive advantages of benchmarking manufacturers? 4. What's the influence of highlighted cases, including amortisation, DuPont's entry, ore reserve policies and waste treatment standard, on titanium dioxide industry?

TABLE OF CONTENT
Executive Summary
Methodology & Sources
I Information about titanium dioxide
I-1 Introduction
I-2 Explanation & Defination
II Development History of Titanium Dioxide in China
III Production and market situation of TiO2 in China
III-1 Current production situation of TiO2
III-2 Summary of manufacturers
III-3 Summary of production
III-4 Price trend of TiO2
IV Situation of Foreign Products/Companies in China
IV-1 Products of Foreign Companies in China
IV-2 Current situtation of Foreign Companies
V Import and Export Analysis Titanium Dioxide
V-1 Summary of Import & Export in 2007
V-2 Export Situation of Titanium Dioxide
V-3 Import Situation of Titanium Dioxide
VI Consumption Patterns of Titanium Dioxide in China
VI-1 Summary of consumption
VI-2 Coating
VI-3 Plastics
VI-4 Papermaking
VI-5 Enamel, Ceramics and Welding rod
VI-6 Rubber
VI-7 Ink
VI-8 Chemical Fiber
VI-9 Others
VII Problems of Titanium Dioxide Industry in China
VII-1 Internal problems
VII-2 External problems
VIII Brief Introduction to the Governmental Policy on Titanium Dioxide Industry in China
IX Driven Forces for the TiO2 Industry in China
X Future Trend of Titanium Dioxide Industry in China
XI Future Opportunities in China Market
XII Conclusion
XIII Recommendation
XIV Brief Introduction to Technology & Research of Titanium Dioxide in China
XIV-1 Flowchart for Titanium Dioxide Production by Sulfate Process
XIV-2 Unit Cost of Titanium Dioxide in China
XIV-3 Technology Bottleneck and Chinese Debottlenecking Toward Chloride Process
XIV-4 Technique development in China
XV Feedstock Situation in China
XV-1 Brief Situation of Titanium Sources in China
XV-2 Exploitation of Titanium Resources in China
XV-3 Problem of Titanium Ore Industry in China
XV-4 Distribution of Vanadium-Titanium Magnetite Mine in China
XVI Active Manufacturers of Pigment Grade Titanium Dioxide & Non-pigment Grade Titanium Dioxide
XVI-01 Shandong Dongjia Group
…… ……
XVI-40 Herrman titanium dioxide Co., Ltd.

LIST OF TABLES
Table II-1 Major producers of Titanium Dioxide in 1995
Table II-2 Historical data of titanium dioxide in China
Table III-1-1 Product structure of TiO2 in China, by output, 2005-2007(unit: tonne)
Table III-2-1 List of active manufacturers of TiO2 top 30 in China, by capacity, 2007~2008(Unit: Capacity: t/a, Output: tonne)
Table III-2-2 Details production information of active manufacturers, top 30 in China, by capacity, 2007 (Unit: Capacity: t/a, Output: tonne)
Table III-3-1 Detail distribution of TiO2 manufacturers in China, 2008
Table III-3-2 future expansion projects of TiO2 in China(unit: t/a)
Table III-3-2 future expansion projects of TiO2 in China(unit: t/a)
Table III-3-3 Potential projects of TiO2 in China
Table IV-1-1 Titanium dioxide from oversea manufacturers in China
Table IV-1-2 Top 7 international TiO2 producers
Table IV-1-3 TiO2 import countries and its possible suppliers, 2007
Table IV-2-1 Top six TiO players of the world, 2007
Table V-1-1 Import/export situation in 2001~2007(unit: tonne)
Table V-2-1 Titanium dioxide export in 2002 – breakdown by major exporters
Table V-2-2 Titanium dioxide export in 2003 – breakdown by major exporters
Table V-2-3 Titanium dioxide export in 2004 – breakdown by major exporters
Table V-2-4 Titanium dioxide export in 2005 – breakdown by major exporters
Table V-2-5 Major exporters of TiO2 in 2007(unit: quantity: kg; price:USD/kg)
Table V-2-6 Titanium dioxide export in 2002 – breakdown by major destinations
Table V-2-7 Titanium dioxide export in 2003 – breakdown by major destinations
Table V-2-8 Titanium dioxide export in 2004 – breakdown by major destinations
Table V-2-9 Titanium dioxide export in 2005 – breakdown by major destinations
Table V-2-10 Major destinations of export TiO2 2007
Table V-2-11 Titanium dioxide export in 2002 – breakdown by major destinations & grades
Table V-2-12 Titanium dioxide export in 2003 – breakdown by major destinations & grades
Table V-2-13 Titanium dioxide export in 2004 – breakdown by major destinations & grades
Table V-2-15 Titanium dioxide export in 2005 – breakdown by major destinations & grades
Table V-2-16 Major destinations & grades of export TiO2 in 2007
Table V-3-1 Titanium dioxide import in 2002 – breakdown by major importers
Table V-3-2 Titanium dioxide import in 2003 – breakdown by major importers
Table V-3-3 Titanium dioxide import in 2004 – breakdown by major importers
Table V-3-4 Titanium dioxide import in 2005, breakdown by major importers
Table V-3-5 Major importers of TiO2 in China 2007(unit: quantity: tonne; value:USD; price:USD/kg)
Table V-3-6 Titanium dioxide import in 2002 – breakdown by origin countries
Table V-3-7 Titanium dioxide import in 2003 – breakdown by origin countries
Table V-3-8 Titanium dioxide import in 2004 – breakdown by origin countries
Table V-3-9 Titanium dioxide import in 2005 – breakdown by origin countries
Table V-3-10 Origin countries of import TiO2 in 2007(unit: quantity:tonne; price:USD/kg; value:USD)
Table V-3-11 Titanium dioxide import in 2002 – breakdown by consumption province
Table V-3-12 Titanium dioxide import in 2003 – breakdown by consumption province
Table V-3-13 Titanium dioxide import in 2004 – breakdown by consumption province
Table V-3-14 Titanium dioxide import in 2005 - breakdown by consumption province
Table V-3-15 Major consumption province of import TiO2 in 2007
Table V-3-16 Titanium dioxide import in 2002 - breakdown by customs
Table V-3-17 Titanium dioxide import in 2003 – breakdown by customs
Table V-3-18 Titanium dioxide import in 2004 – breakdown by customs
Table V-3-19 Titanium dioxide import in 2005 – breakdown by customs
Table V-3-20 Titanium dioxide import in 2007 – breakdown by customs
Table V-3-21 Titanium dioxide import in 2003 – breakdown by application fields
Table V-3-22 Titanium dioxide import in 2004 – breakdown by application fields
Table V-3-23 Application fields of import TiO2 in 2007
Table VI-1-1 Top TiO2 consumers in China
Table VI-3-1 Consumption pattern of titanium dioxide in plastic industry in China, 2005-2007
Table VI-6-1 Consumption pattern of titanium dioxide rubber field, 2005-2007
Table VIII-1Construction Scale of Titanium Ore (t/a)
Table XIII-1 The factories should pay special attention to
Table XIV-2-1Unit cost of domestic TiO2 manufacturers in 2004~2005,
Table XIV-3-1 Comparison between chloride process and sulfate process
The XV-1-1 Distribution of these ores is as follows:
Table XV-1-2 Distribution of vanadium-titanium magnetite rock ore in China
Table XV-1-3 Distribution of iron sand stream ore in China
Table XV-1-4 Distribution of rutile rock ore in China
Table XV-1-5 Distribution of rutile stream ore in China
Table XV-1-6 Character of titanium ore from different locations
Table XV-1-7 Titanium resources in China and comparison with the world (info 1996)
Table XV-1-8 Distribution of titanium deposits in China
Table XV-2-1 Exploitation of Titanium Resources
Table XV-2-2 Active manufacturers of titanium sponges in China, 2007
Table XV-2-3 Potential players of titanium sponge
Table XV-2-4 Chemicals component of different titanium ore concentrates in China (%)
Table XV-2-5 Situation of titanium slag in China in 2005
Table XV-4-1 Component of vanadium-titanium magnetite in Sichuan Panzhihua
Table XV-4-2 Component of different ore concentrates made from the vanadium-titanium magnetite from Sichuan Panzhihua
Table XVI-02-1 The production of titanium dioxide in the past years (tonne)
Table XVI-07-1 The production of titanium dioxide in the past years (tonne)
Table XVI-08-1 The production of titanium dioxide in the past years (tonne)
Table XVI-03-1 The production of titanium dioxide in the past years (tonne)
Table XVI-04-1 The production of titanium dioxide in the past years (tonne)
Table XVI-10-1 The production of titanium dioxide in the past years (tonne)
Table XVI-06.1 The production of titanium dioxide in the past years (tonne)
Table XVI-21-1 The production of titanium dioxide in the past years (tonne)
Table XVI-09-1 The production of titanium dioxide in the past years (tonne)
Table XVI-16-1 The production of titanium dioxide in the past years (tonne)
Table XVI-25-1 The production of titanium dioxide in the past years (tonne)
Table XVI-35-1 The production of titanium dioxide in the past years (tonne)
Table XVI-05-1 The production of titanium dioxide in the past years (tonne)
Table XVI-3-1 The production of titanium dioxide in the past years (tonne)
Table XVI-17-1 The production of titanium dioxide in the past years (tonne)
Table XVI-20-1 The production of titanium dioxide in the past years (tonne)
Table XVI-24-1 The production of titanium dioxide in the past years (tonne)
Table XVI-26-1 The production of titanium dioxide in the past years (tonne)
Table XVI-32-1 The production of titanium dioxide in the past years (tonne)
Table XVI-28-1 The production of titanium dioxide in the past years (tonne)
Table XVI-31-1 The production of titanium dioxide in the past years (tonne)
Table XVI-33-1 The production of titanium dioxide in the past years (tonne)
Table XVI-34-1 The production of titanium dioxide in the past years (tonne)
Table XVI-43-1 The production of titanium dioxide in the past years (tonne)
Table IV-41-2 The production of titanium dioxide in the past years (tonne)
Table XVI-37-1 The production of titanium dioxide in the past years (tonne)

LIST OF FIGURES
Figure 1 Consumption pattern of TiO2 in China in 2007
Figure 2 Price trend of export TiO2 in 2007
Figure 3 Import/export situation of TiO2 in China, 2001~2007
Figure 4 Distribution of Chinese manufacturers of titanium dioxide
Figure III-1-1 Product structure of TiO2 in China, by output, 2007
Figure III-3-1 Distribution of TiO2 manufacturers in China, by capacity, 2008
Figure III-3-2 The production situation of TiO2 in China in 2004~2007
Figure III-4-1 Price trend of TiO2 in China, 2007~2008
Figure VI-1-1 Consumption trend of TiO2 in China, 2001~2007
Figure VI-1-2 The consumption pattern of TiO2 in China,2007
Figure VI-2-1 Consumption pattern of titanium dioxide in coating in China, 2005-2007
Figure VI-4-1 Consumption pattern of TiO2 in paper in China
Figure VI-5-1 Consumption pattern of titanium dioxide in enamel in China, 2005-2007
Figure VI-5-2 Consumption pattern of titanium dioxide in welding rod in China, 2005-2007
Figure VI-7-1 Consumption pattern of titanium dioxide ink industry in China, 2005-2007
Figure VI-8-1 Consumption pattern of TiO2 in chemical fiber in China, 2007
Figure IX-1 Economic behavior in China, by population, 2002~2007
Figure IX-2 Economic behavior in China, by GDP growth, 2001~2007 (%)
Figure IX-3 Urban/Rural per capita disposable income growth trend in 2001~2007
Figure IX-4 Import/Output behavior in China, by value, 2001-2007 (billion RMB)
Figure X-1 Demand trend of TiO2 in China in 2008~2013.
Figure XV-1-1 Raw materials for titanium dioxide in China