Growth in GDP usually leads to higher TiO2 demand and vice versa. With the strong growth in global GDP between 2002 and 2004 the TiO2 sector grew from its low of early 2000s to 4.4 million tons in 2004. Overbuying and re-stocking ahead of price rises in 2005 was one explanation for slower uptake of TiO2. In 2006 and so far in 2007 further price increases have been observed.
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