At present, China has become one of the largest titanium consumers in the world, accounting for about 50% of the global titanium consumption. With the increasing demand for titanium, the output of titanium is also increasing year by year. In 2016, China's titanium production was only 50000 tons, and in 2020, the production increased significantly to 97000 tons. China Commercial Industry Research Institute predicts that China's titanium production will reach 102000 tons in 2021.
Development trend of titanium industry
1. High end titanium materials will become the development highland of the industry
At present, China has become a major titanium production and marketing country in the world, but the traditional fields such as electric power, chemical industry and metallurgy are in a mature stage, and there is little room for growth. On the other hand, driven by China's industrial upgrading and strong military policy, aerospace, marine engineering and ship segments have good demand and high technical threshold, which will become a highland for the development of the industry.
2. Strengthen the alliance of upstream enterprises to obtain and control advantageous resources
In order to ensure product quality, titanium materials, especially high-end titanium materials, have high requirements for the quality of titanium raw materials. Although the world is rich in titanium resources, high-quality rutile accounts for less than 10%, which is scarce. In China, rutile titanium resources are particularly scarce, and most of them rely on imports. It is of great significance for titanium production enterprises to cooperate with upstream resource development enterprises to obtain or control advantageous titanium resources, which will become one of the development trends of the industry in the future.
3. The advantages of leading enterprises are strengthened, and the industry is strong
The production of titanium materials, especially high-end titanium materials, involves many production links, high technical threshold and large investment in fixed assets. The production enterprises are required to have comprehensive advantages in capital, talents and management. Titanium leading enterprises have the first mover advantage. In the future, with the development of the industry, the comprehensive competitiveness will be continuously strengthened, and the industry will show the trend that the strong will always be strong.
