Venator Business Overview and Cost Savings Initiatives
China TiO2 Overview
Shakeout underway, producers under more pressure
China Demand
>30% of global demand in China (~2 MMt)
Chinese demand growth at 5-8% over last 10 years
Approximately 6% of Chinese demand supplied from imports
Imports for more specialised and differentiated applications
China Supply
VENATOR
Chinese Exports of TiO 2
Exports to Europe are limited
Higher cost of Chinese production coupled with increased freight
costs constrained exports
Limited capacity additions forecasted in an industry which grows at
GDP and required ~200ktpa of new capacity
Chinese Export Trend (1)
1,500 (kte)
>40% of global supply from China with approximately 50
suppliers
1,000
Top 7 producers account for >80% of supply
Closure of smaller facilities - environmental and economics
500
90% of Chinese capacity is based on sulfate technology
T
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Lack of proven chloride technology limiting rate of expansion
Consolidation of supply base e.g. LB Group
In Q3 22, c.44% of Chinese production is exported, with India
being the largest export destination, followed by other
emerging countries
Company
LB Group
CHTI
Pangang
Doguide
GPRO
Bluestar
28
(1)
Global Trade Tracker and BiQin
Europe APAC Americas
■EEMEA
Estimated Nameplate Capacity (kMTpa)
972
330
236
210
205
187View entire presentation