China's current production of titanium dioxide ranks second only to the United States. As productivity and product quality continue to improve, along with advancements in iron oxide and other inorganic pigments, China is well on its way to becoming a global leader in the inorganic pigment industry. Titanium dioxide, a key inorganic pigment, has seen rising costs for energy and raw materials in recent years. Meanwhile, in developed countries, the titanium dioxide market has matured, and further investment in new capacity is unlikely. As a result, the global growth rate for titanium dioxide is expected to remain modest, around 1.4% annually over the next few years. This shift has led multinational companies to focus their future growth strategies on Asia, particularly China. Indeed, the production of titanium dioxide is increasingly moving to China. Large-scale chlorination projects are currently under construction in Zhejiang, Shandong, and Liaoning, with plans to complete and start operations around 2010. These projects are backed by investors from the U.S., Japan, and Australia. According to data on existing and planned expansions, China's titanium dioxide production capacity is expected to grow by 300,000 tons before 2008, and by an additional 500,000 tons by 2010. This would bring total capacity to approximately 1.6 million tons, surpassing the U.S. as the world’s largest producer. The advanced chlorination process will significantly enhance the quality of Chinese-made titanium dioxide. Similarly, China's iron oxide industry is also showing strong potential. International manufacturers like Bayer (Germany) and Lockwood (UK) have established joint ventures or wholly-owned subsidiaries in coastal cities such as Shanghai, Fuyang, Zhejiang, Changshu, and Shenzhen. These regions have become major production hubs for foreign companies, with combined capacity reaching 120,000 tons per year, accounting for 15% of China’s total iron oxide output. Historically, China has exported more iron oxide, zinc white, and chromium pigments than it imported. However, titanium dioxide has been an exception, with higher imports than exports. Nevertheless, due to trade mechanisms such as processing trade and bonded warehouses, many imported titanium dioxide products are later re-exported, balancing the trade. As China's production capacity and product quality continue to rise, the share of imported titanium dioxide is likely to decrease, while exports will grow strongly. China is poised to become a net exporter of titanium dioxide in the near future. The relocation of inorganic pigment manufacturing from abroad to China has accelerated its emergence as a global production and sales hub. However, this trend has also intensified competition within China’s inorganic pigment industry. To stay competitive on the global stage, Chinese companies must continue to upgrade their technology and strengthen their market position.

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