Titanium demand will pick up gradually in the future
The French VALLOUREC group (Vallourec Group) Gilles Dussart, chief operating officer of a subsidiary of Valtimet, 2013 and desalination of titanium products demand will rise, the titanium industry or the market will remain stable development. Shipment volumes will remain within capacity until 2017. He believes that 2013 is not a good time for capacity adjustment. Global industrial titanium demand fell from 30000 tons in 2011 to 22000 tons (about 55 million pounds) in 2012, mainly due to the reduction of titanium content in seawater desalination. It is expected that the amount of titanium used for desalination will increase in 2013, and demand for titanium will recover to 30000 tons. In 2014~2017, the amount of titanium used in industry will remain at 25000~30000 tons, indicating the important impact of large desalination projects on the industrial titanium market. In 2011, Saudi Arabia's RasAzZawr project is considered to be an important component of global industrial titanium demand, the main benefit of the company is Allegheny Technologies Co. Ltd. (ATI). In 2011, ATI's joint venture, Uniti, provided 550~600 million pounds commercially pure titanium strip for the project. By the end of 2012, we had taken the same large-scale desalination project. In 2013, Saudi Yanbu power desalination plant (Yanbu Power and Desa lination Plant) the third phase of the project to increase demand for titanium. Other analysts believe that Dussart's comments are too pessimistic, the market to maintain this pessimistic posture for a long time unusual. Although there is a bubble in the desalination market, there are still other markets to look forward to.
Dussart also said that since the Fukushima nuclear power plant leak in 2011, there will be no actual resumption of nuclear power projects in the short term. It is expected that the demand for titanium pipe will reach 40000 tons in the nuclear power market in the next twenty years. Many countries are now patiently reviewing the safety of their nuclear power plant design, and the future of the nuclear power generation market will continue to play an important role in the upgrading of demand for titanium.
In the chemical processing industry, he mentioned that 180 tons of titanium could be used in each project of the LNG plant. Purified terephthalic acid (PTA) is one of the basic materials needed for the development of developing economies. In the process, titanium can reach 150 tons per unit.
Note: the French VALLOUREC group (Vallourec Group) is the world's advanced high quality pipe manufacturers. Mainly for oil, gas, power generation, chemical processing and industrial markets. Products include carbon, alloy, high alloy, stainless steel, titanium alloy, nickel alloy, special steel and customized products. Its subsidiary, Valtimet, produces stainless steel and titanium alloy welded tubes.