Titanium Dioxide Price History, Trend, Index, Forecast, Chart, News, Monitor and Historical Prices

Titanium Dioxide Price in USA

United States: 2485 USD/MT

In the fourth quarter of 2023, product prices in the US were erratic. The first half of the quarter saw increased inquiries from the downstream paints and coatings industries, driving prices upward.

The titanium dioxide (TiO2) market is currently experiencing a significant boost, driven primarily by a combination of supply chain disruptions, geopolitical tensions, and increased demand from key industries. The start of 2024 saw a rise in TiO2 prices in the US market, primarily influenced by reduced production rates during the holiday season and limited stock availability. Events like The Chemours Company declaring force majeure due to winter conditions in the USA have further tightened the supply. Additionally, geopolitical tensions, notably between Israel and Hamas, have led to rising crude oil prices, which in turn have increased manufacturing costs for TiO2. Supply chain issues, including shipping disruptions in the Red Sea and traffic constraints in the Panama Canal, coupled with adverse weather conditions in the US, have also contributed to rising transportation costs, exacerbating the overall market strain. However, a reinforced inflow of orders from the downstream paints and coatings industries has strengthened market fundamentals, supporting high price levels as demand continues to grow.

The global titanium dioxide market 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. In North America, the first quarter of 2024 saw titanium dioxide price history climb due to a mix of supply limitations and increased production costs. The US, in particular, faced challenges with reduced operating rates and limited finished stock availability, partly due to the holiday season slowdown. The force majeure by The Chemours Company further strained supplies. Geopolitical tensions contributed to an increase in crude oil prices, inflating the cost of manufacturing TiO2. Additionally, logistical issues such as shipping delays and increased transportation costs due to disruptions in the Red Sea and Panama Canal further complicated the supply chain, keeping prices elevated. However, the demand from the paints and coatings industry remained strong, helping to stabilize prices at higher levels.

In the APAC region, the titanium dioxide market has shown signs of stabilization following previous disruptions. The quarter witnessed a recovery in production rates and completion of maintenance shutdowns, which improved supply dynamics. Despite the force majeure at Lomon Billions Group in China affecting local production, the overall supply in the region improved. Prices were adjusted to balance profitability and competitiveness amid gradually improving demand from construction and automotive sectors. This recovery in demand, alongside the stabilization of supply chains, contributed to a more balanced market, enabling manufacturers to maintain reasonable price levels despite ongoing challenges.

In Europe, the titanium dioxide market faced multiple challenges during the first quarter of 2024. The limited availability of titanium ore due to reduced mining activities led to increased raw material prices, impacting the cost of TiO2 production. The market also suffered from reduced demand in key sectors like construction and automotive, which, coupled with increased crude oil prices due to OPEC+ production cuts and logistical disruptions in the Red Sea and Suez Canal, further elevated production costs. However, some relief was found in the availability of natural gas, which helped sustain manufacturing operations. Despite these difficulties, the market remained bearish, dominated by weak demand and high production costs, with prices reflecting these strained market conditions.

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