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Titanium Industry Market Status And Development Trends

Titanium has the reputation of "space metal", "future metal", and "ocean metal". It is the metal element with the lowest density among refractory metals. It has two advantages: high specific strength and strong corrosion resistance. The specific strength of titanium alloys is higher than that of magnesium alloys, aluminum alloys, and high-strength steels, which is conducive to reducing the weight of the product. Titanium is an extremely active element and easily reacts with oxygen to form TiO2. These oxide films are completely dense and can be damaged after local damage Instant repair, so titanium and titanium alloys have good corrosion resistance. Due to its advantages such as high specific strength and strong corrosion resistance, titanium is widely used. Taking titanium as an example, titanium has a wide range of uses in the air, land, sea and outer space: aerospace, marine engineering, medicine, chemical industry, electric power, metallurgy, salt production, etc. It is generally believed that chemical industry, electric power, metallurgy, and salt production are its traditional needs, and aerospace, marine engineering, and medicine are emerging needs that have only appeared in recent years, and there is huge room for growth.

China's titanium industry has maintained steady and rapid development In recent years, with the release of downstream application needs, China's titanium industry has maintained steady and rapid development.

First, from the perspective of the supply side:

1. In terms of titanium concentrates, according to statistics from the Panzhihua Vanadium and Titanium Industry Association, China produced about 4.2 million tons of titanium concentrates in 2018, a year-on-year increase of 10.5%, of which the output in Panxi area was 3.24 million tons, accounting for total domestic output 77.1%. Statistics of China's Titanium Concentrate Production, 2012-2018

2.In terms of titanium sponge, in 2018, a total of 8 companies in China produced 74,953 tons of titanium sponge, an increase of 2.8% over 2017 and the fourth consecutive year of growth. Among them, Pansteel Titanium, Luoyang Shuangrui Wanji, and Chaoyang Parkson ranked among the top three with output of 17,600 tons, 15,000 tons, and 13,200 tons, respectively.

3. In terms of titanium ingots, according to the statistics of 31 major manufacturers, a total of 75,049 tons of titanium ingots were produced in 2018, an increase of 5.7% over 2017. The increase in the output of titanium ingots is mainly due to the fact that titanium smelting enterprises have smelted low-priced, difficult-to-storage sponge titanium into titanium ingots in the market downturn and stored them for future use. In terms of titanium processing materials, according to statistics from 30 major manufacturers, in 2018, a total of 63,396 tons of titanium processing materials were produced, a year-on-year increase of 14.4%. Among them, the output of titanium and titanium alloy plates increased by 17.0% year-on-year, accounting for 56.3% of the total output of titanium materials; the output of bar materials also increased by 4.9%, accounting for 16.3% of the annual output of titanium materials; The output decreased by 13% year-on-year, accounting for 11.8% of the annual output of titanium.

2. From the demand side, in 2018, the total sales volume of sponge titanium in China was 74953 tons, and the domestic sales volume was 78626 tons, a year-on-year increase of 5.0%. The total sales volume of titanium materials was 57441 tons, and the domestic sales volume was 47044 tons. Up 0.6%. In terms of demand, in 2018, in the application of titanium materials in China, the chemical industry demand accounted for about 45.3%. In the chemical industry, titanium materials are mainly used as anti-corrosion materials. The six major application areas are chlor-alkali, soda ash, vacuum salt production, petrochemical fiber, fine chemical industry and inorganic salts. Except for the chemical industry, the proportion of demand in the aerospace and power sectors also exceeds 10%, and the remaining downstream demand is relatively scattered.

Analysis of the development trend of the Chinese titanium industry: the integration of the industrial chain is imperative Based on the current development status, the development of the Chinese titanium industry in the future will focus on the following directions: First, integrate the Chinese titanium industry chain as soon as possible, starting with titanium ore, and by introducing foreign advanced technology and Technology, transforming the current titanium slag and sponge titanium production enterprises, forming high-quality and stable batch supply channels of sponge titanium raw materials, followed by the introduction of foreign advanced titanium alloy processing technology and equipment, integrating the current domestic titanium processing enterprises, Melting, forging, rolling, extrusion, blooming, etc. improve the titanium alloy processing production process, forming a homogeneous and stable batch supply chain of titanium processing materials, decentralizing quality control to each processing link, forming high-end aerospace Titanium alloy processing material supply system. Secondly, under the current situation of supply-side reform and the country's vigorous promotion of military-civilian integration, companies in the titanium industry should seize rare opportunities and actively participate in the development and production of environmental protection, intelligent manufacturing of military-civilian counterparts, and improve corporate survival and core competitiveness. Through capital markets, we seek greater development opportunities in market competition. Third, most of the domestic titanium industry and enterprises still sell products around traditional titanium application fields and customers for many years, and half of them are still doing upstream and downstream business in the industry. Due to their own strength, innovation and business capabilities, downstream enterprises It is difficult to open up new markets and applications. This requires companies in the industry under the leadership of the association to warm up, unite, and organize to jointly develop new application markets.


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