Titanium Dioxide Prices Overview

Market Overview

Quarterly Update on Global Titanium Dioxide Market
 
For the Quarter Ending September 2020
 
Asia
 
Coronavirus related shutdowns in the first half of the quarter caused force measures at some of the small-scale ilmenite plants in China and India, eventually leading to an exacerbation of the supply crisis for Titanium. The snug supply situation of Titanium Dioxide was extended till the end of the quarter as few players were heard holding the cargoes in anticipations of an exceptional rise in its seasonal demand. In India, buyers adopted a wait and see approach amid concerns over uncertainty in demand pattern after the second wave of infections by the end of the September. Whereas producers in China were heard operating at optimum rates even when the export orders were low in July. Price of Titanium Dioxide in India settled at USD 2888 per MT, showcasing a fall in September. Demand in India throughout the quarter fluctuated in a narrow range, especially in the latter half of September as an aftereffect of the second round of lockdown in several parts of the country.
 
North America
 
Supply of Titanium Dioxide across North America remained sufficient as producers were seen continuously adjusting their production rates in line with the volatility in the demand pattern. In the final week September, buzz of upcoming Titanium Dioxide facility by Chemours worth USD 86 million in Georgia further eased the concerns over supply pressure. Demand majorly picked up from the construction sector by September however, resurgent cases of virus slowed the expected revival in demand. Although, due to vast decline in market fundamentals of some of the end-use segments, prices of Titanium Dioxide by quarter-end significantly faded. Delay of several commercial projects followed by slow recovery in downstream automotive segment were observed as prime factors for the extended recovery curve.
 
Europe
 

Demand for Titanium Dioxide in the European region considerably revived from better offtakes heard across the furniture, construction and industrial sector with respect to Q2, after sentiments were raised post a lift in containment measures. DIY activities witnessed significant increment as people took more home renovation and construction activities with extended period of lockdown. The supply also remained supple with resumption in exports from China since the later half of Q2 in 2020. 

How we can help

ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally.

Services
Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Acrylonitrile is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

Pricing Analysis

Acrylonitrile price is correlated with the price trend of crude oil, demand-supply gap, Propylene and with movement across the downstream derivatives such as acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) etc.

Company Profile

Basic details and information on financial performance of leading global players in the Acrylonitrile market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Titanium Dioxide manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.
 
Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Titanium Dioxide market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.
 
Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.
 
Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Titanium Dioxide market.
 
Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on weekly, monthly and yearly basis.
 

Finally, region-specific markets for Titanium Dioxide are analyzed and region-wise demand pattern is tracked.

About

Titanium Dioxide (TiO2) is an inorganic compound, widely popular in rutile and anatase form. The compound is mainly utilized as a white pigment for imparting brightness in cosmetics, paints, coatings, inks fibers, papers etc. Paint industry holds the maximum demand share for Titanium Dioxide, followed by plastics and paper industry. Titanium Dioxide which occurs naturally contains several impurities such as chromium, iron or vanadium, therefore it must be subjected to chemical refining for attaining the desired properties for various applications. Commercially, Titanium Dioxide is derived from ilmenite or titanium or rutile slag. Titanium pigment contained in the ores is extracted via chlorine route or sulphate route. Sulphate route can extract the pigment with lower grade and cheaper ores by using simpler technology than chlorine route. It is the ideal process for obtaining anatase grade titanium pigment. Whereas chlorine technology produces finer and purer pigment at an affordable production cost, that in turn makes it the widely utilized process for Titanium Dioxide production. However, the overall production cost for the sulphate route process is comparatively much expensive than the latter.