Global market for titanium dioxide shows a good prospect

Date of distribution: June 25^th, 2021

A number of titanium dioxide manufacturers recently expressed that the rising demand for titanium dioxide globally may lead to a tight supply. As a result, market prices may continue rising. Main producers of titanium dioxide as Chemours, Venator, Tronox and Kronos reported positive financial results in Q1. Furthermore, they are expected to continue growing for the rest of the year.

  Sales increase and inventory decrease

  Chemours announced, "In the first half of this year, new house construction and renovation in various countries are driving the rapid growth of demand for architectural coatings. The demand for DIY products has maintained a strong momentum since 2020." All industries in all regions exhibit strong demand for functional titanium dioxide.

  Demand back on track

  The overall demand for titanium dioxide has basically resumed to the level before the pandemic. Growth in sales data of several major manufacturers showed the same trend.

  Supply going tight

  After the collapse of demand in Q2 last year, titanium dioxide manufacturers all over the world reduced production significantly. After that, slow production capacity recovery also contributed to this tight supply.

  
Source: Titanium Industry Department, Beijing Ruidow Information Technology Co., Ltd.