China is going through a period of urbanization, which is a necessary historical stage to all industrialized countries, and according to Chinese economists, increasing input in infrastructure construction and real estate industry will greatly stimulate domestic demands during the period. As a related industry, coatings market is also expected to recover in the near future.

According to Dr. Hans-Josef Ritzert, Evonik’s regional president of Greater China, urbanization possesses both challenges and chances. “Urbanization brings challenges to a metropolis in areas of traffic system, energy, housing, food supply and natural environment, but it is also great motive power to economic growth and innovation,” he says.

Titanium dioxide is widely used in coatings, plastics, paper making, ink, cosmetics and rubber industries, which are all closely related to the urbanization. “Titanium dioxide is facing a great potential market as it is unable to build and develop so many cities without high-quality coatings,” says Xu Gang, general manager of Henan Billions Chemical co., Ltd.