Titanium Dioxide Prices

Titanium Dioxide Prices June 2024

During Q2 of 2024, the titanium dioxide prices in the USA reached 2598 USD/MT in June, due to excess availability and low consumption in the construction industry. Economic instability and seasonal factors in the USA further exacerbated the decline. Suppliers reduced prices to clear inventories, ending the quarter with significantly lower prices.

During the second quarter of 2024, Japan saw a significant decline in titanium dioxide prices, driven by low consumption in the construction sector and seasonal fluctuations. An excess availability of the product, as well as logistical issues, contributed to the negative industry environment. Finally, prices reached at 2592 USD/MT in June.

In the second quarter of 2024, Germany witnessed a decline in titanium dioxide prices due to economic instability and weak consumption from the construction sector. The effect of seasonality and low output from industries further worsened the price drop. Overall, the cost of the product in the country reached at 3353 USD/MT.

Titanium Dioxide Prices March 2024

During Q1 of 2024, the titanium dioxide prices in the USA reached 2618 USD/MT in March, due to higher Chinese offers and supply issues. Geopolitical challenges and logistical issues exacerbated costs. However, increased inquiries from the coatings and paints sectors in March helped stabilize prices at elevated levels.

The titanium dioxide market in Japan saw improved stability in Q1 2024, with better supply and pricing following earlier constraints. Despite technical issues affecting production at Lomon Billions, market confidence grew as demand from automotive and construction sectors improved. Finally, prices were reported at 2962 USD/MT at the end of March 2024.

In France, titanium dioxide faced challenges in early 2024 due to limited titanium ore availability and high manufacturing costs. The market also suffered from decreased demand in construction. Despite some relief from natural gas availability, the overall sentiment was weak, with prices at 3831 USD/MT.

Titanium Dioxide Prices December 2023

The titanium dioxide prices in the United States were volatile during the Q4 of 2023. Initially, there was an improvement in inquiries from the downstream paints and coating industries, leading to a bullish price trend. Later, the prices were impacted by the decline in crude oil costs and limited demand from the automotive sector. Overall, the quarter ended with the titanium dioxide’s price reaching 2485 USD/MT.

The price trend for titanium dioxide in Japan for Q4 2023, reached 3145 USD/MT in December. In Japan, Titanium Dioxide prices surged in October due to increased demand from the construction sector and the paints and coatings sectors. By November, prices fell as companies reduced production during planned allowance to manage rising inventories, leading to lower conferred prices amid a slow season and pressure from surplus stock.

The market in Belgium was characterized by a sharp decrease in building permits for new housing and non-residential buildings, leading to a stoppage in demand for titanium dioxide from the paints and coatings sector. Thus, Titanium Dioxide prices settled at 3385 USD/MT.

The price trend for titanium dioxide in Brazil for Q4 2023, reached 2095 USD/MT in December. The experienced significant fluctuation, with potential price adjustments based on sector inquiries. The country witnessed limited demand from downstream paints and coatings sectors, which caused a further decline in prices. However, by December, the prices surged due to better demand from the construction industry.

Regional Coverage

The report provides a detailed analysis of the titanium dioxide market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the titanium dioxide price trend.

Global Titanium Dioxide Price

The report offers a holistic view of the global titanium dioxide pricing trends in the form of titanium dioxide price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into titanium dioxide historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into titanium dioxide price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed titanium dioxide demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Titanium Dioxide Price

Q2 2024:

In second quarter of 2024, the European titanium dioxide industry faced a continued decline in prices. This was attributed to low consumption from the automotive and construction industries, compounded by economic difficulties. The market saw slow procurement as economic instability and rising financing charges restrained activity. Declining support from feedstock sectors further pressured prices.

Q1 2024:

In Q1 of 2024, the European titanium dioxide industry faced several challenges. Limited accessibility of the product’s ore due to decreased mining operations led to increased production expenses. Additionally, declining consumption in the automotive and construction sectors, as well as declining operating charges strained supply. Higher crude oil costs, driven by shipping disruptions and production cuts, further escalated costs. In France, a fall in new orders led to lower demand for titanium dioxide.

Q4 2023:

In the Q4 of 2023, the titanium dioxide market in Europe experienced a fluctuating price trend. In October, prices were high due to rising TTF natural gas costs, which increased production expenses, maintaining upward pressure on titanium dioxide prices. High energy prices and geopolitical tensions, including the tension in Israel and the Ukraine crisis, further strained European economies. In addition to this, slight winter weather, along with a sufficient natural gas supply reduced energy cost, lowering production costs for titanium dioxide.

This analysis can be extended to include detailed titanium dioxide price information for a comprehensive list of countries.

North America Titanium Dioxide Price

Q2 2024:

In Q2 of 2024, the North American titanium dioxide industry experienced a notable decline due to low product consumption in the construction sector. The sluggish recovery in construction industries has led to an excess availability of the product, with producing manufacturing more titanium dioxide than needed. Economic instabilities across the globe, including sluggish growth and tighter monetary policies, further exacerbated the pricing sentiment.

Q1 2024:

In Q1 of 2024, the titanium dioxide market in North America saw a rise in prices due to several factors. A key reason was the increase in import costs after major producer China raised its prices. Additionally, limited stock availability from low operating activities during holidays, along with a force majeure event by few companies in January, contributed to supply constraints. Geopolitical issues and disruptions in shipping routes further exacerbated the situation, leading to higher transportation charges.

Q4 2023:

During the fourth quarter of 2023, the North American titanium dioxide market saw an unpredictable price trend. The beginning of the quarter saw a boost in inquiries from the Paints and Coatings sectors, leading to positive market sentiment because of limited accessibility and reduced manufacturing capacity. Construction activity and a strong U.S. economy also helped support prices. In addition to this, the market was affected by reduced demand from the automotive sector and the destocking period, leading to inventory reductions.

Specific titanium dioxide historical data within the United States and Canada can also be provided.

Middle East and Africa Titanium Dioxide Price

The report explores the titanium dioxide pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on titanium dioxide prices for countries can also be provided.

Asia Pacific Titanium Dioxide Price

Q2 2024:

During the second quarter of 2024, the Asia Pacific region saw a downward trend in titanium dioxide pricing, driven by multiple factors. Low consumption from end use sectors such as coatings and construction, combined with an excess availability and stable feedstock costs, contributed to a negative market outlook. Logistical concerns, including port issues and rising freight costs, also pressured the market.

Q1 2024:

The titanium dioxide industry in the Asia Pacific region saw significant changes in early 2024. After dealing with supply issues and cost increases in the last period, the industry began to stabilize. Production rates improved as maintenance closures ended, resulting in a steadier supply. This allowed producers to adjust costs and improve profits. Increased consumption in the automotive and construction sectors bolstered market confidence.

Q4 2023:

The Asia Pacific market of titanium dioxide faced a tumultuous era in the fourth quarter of 2023. In Japan, prices rose significantly in October due to the heightened need from the construction and coatings and paints industries, influenced by both local and international dynamics. Despite adequate availability to gather regional demand, labor lacks prompted companies to recruit trained workforce from Southeast Asia. Consequently, major players reduced prices and settled rates for titanium dioxide declined as the quarter ended.

This titanium dioxide price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Titanium Dioxide Price

The analysis of titanium dioxide prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Titanium Dioxide Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Titanium dioxide Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of titanium dioxide pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of titanium dioxide at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of titanium dioxide price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing titanium dioxide price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Titanium Dioxide Market Analysis

The global titanium dioxide industry size reached US$ 20 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 33.1 Billion, at a projected CAGR of 5.80% during 2023-2032​.

• The growing construction sector worldwide, especially in developing countries such as China and India, boosts the product demand in paints and coatings due to its excellent opacity and durability properties, which is creating a positive outlook for the market.
• In addition, with the rise in global automobile production and sales, the market for this specialty chemical has expanded in automotive coatings due to its ultraviolet (UV)-resistance and ability to improve color retention, which, in turn, strengthens its market expansion.
• Moreover, increasing product adoption as a whitening agent in cosmetics, plastics, and paper is also boosting market growth due to the desire of producers to purchase quality pigments to fulfil consumer demands.
• Additionally, rising awareness of using this specialty chemical to increase solar boarding efficiency drives market growth through the expanding renewable energy sector globally.
• Furthermore, the increased product demand due to strong ecological legislation that promotes eco-friendly use since manufacturers are concerned about market sustainability, especially in regions such as Europe and North America, is supporting the market share.
• Moreover, with the increasing population and industrialization in emerging countries, demand for this compound in developing infrastructure improves dramatically, further augmenting the market demand.
• As per the National Portal of India, The Uttar Poorva Transformative Industrialization Scheme (UNNATI) 2024, or New Industrial Development Scheme, is a Central Sector Scheme that is introduced by the Government of India (GoI) to develop industries and create jobs in the northeastern states of India. The scheme's goal is to boost economic activity in manufacturing and services.
• Additionally, research on the titanium-divergent use of nanoparticles has been attracted from various advanced areas such as catalysts, sensors, and biomedical uses further supports the market.

Titanium Dioxide News

The report covers the latest developments, updates, and trends impacting the global titanium dioxide industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in titanium dioxide production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the titanium dioxide price trend.

Latest developments in the titanium dioxide industry:

• In January 2024: LB Group announced its plan to promote its extensive range of titanium dioxide (TiO2) pigments for coatings and inks at PAINTINDIA 2024 in Mumbai.
• In June 2024: Chemours announced the resumption of complete operations at its titanium dioxide plant in Altamira, Mexico. This development comes after the lifting of water intake restrictions by the Mexican government.

Product Description

Titanium dioxide, often referred to as TiO2, is a versatile and widely used white pigment renowned for its exceptional brightness, opacity, and durability. This inorganic compound is derived from titanium, a naturally occurring mineral known for its abundance and purity. It finds extensive application across various industries, including paints and coatings, plastics, paper, cosmetics, and food products, owing to its excellent light-scattering properties and chemical stability.

In the paints and coatings industry, this specialty chemical serves as a cornerstone ingredient, imparting brilliant whiteness and coverage to architectural paints, automotive coatings, and industrial finishes. Its high refractive index enables efficient light reflection, resulting in vibrant colors, superior hiding power, and enhanced weather resistance. Moreover, it enhances the durability of coatings by providing protection against UV radiation, preventing premature fading and degradation.

In the plastics industry, it is utilized as a whitening agent and UV stabilizer in a wide range of polymer applications, including PVC pipes, packaging materials, and automotive components. Its ability to maintain color integrity and resist discoloration due to prolonged exposure to sunlight makes it indispensable for outdoor applications requiring long-term performance and aesthetics.

In the paper industry, this compound is employed to improve the brightness and opacity of paper products, such as printing papers, packaging materials, and specialty papers. By enhancing whiteness and print contrast, it contributes to the production of high-quality printed materials with sharp text and vivid images, catering to diverse printing requirements across commercial, publishing, and packaging sectors.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of titanium dioxide pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting titanium dioxide price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The titanium dioxide price charts ensure our clients remain at the forefront of the industry.