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AustraliaIn Q1 2025, Indian titanium dioxide prices down 2.2% quarter on quarter, as subdued demand from paints, coatings, and plastics sectors—still digesting yearend inventories—outweighed any potential support from adjacent polymer restocking; resolved chloride process plant turnarounds and robust import arrivals eased supply constraints, while stable energy and sulfuric acid feedstock costs provided a neutral cost backdrop.
Persistent freight bottlenecks and elevated logistics rates continued to inflate delivered costs, but these headwinds were insufficient to offset weak offtake. Government antidumping duties on Chinese imports offered mild domestic support, yet an inventory overhang and cautious procurement strategies kept buyer momentum muted. Looking into Q2 2025, prices are expected to stabilize or see a modest rebound, contingent on improvements in construction and automotive activity and any volatility in feedstock markets.
In Q4 2024, Titanium Dioxide prices averaged USD 2,085/MT, registering a 5% quarter-on-quarter decline as downstream demand tapered off following earlier inventory builds in Q3. While seasonal packaging and coatings demand remained relatively steady, the pace of procurement slowed, particularly in construction and automotive sectors where consumption softened. Additionally, global economic headwinds and cautious buying sentiment in key Asian and European markets further dampened momentum. Despite elevated logistics costs and firm raw material benchmarks for titanium feedstocks, oversupply in certain regions and stable plant operations kept price pressures in check, resulting in a mildly corrective and balanced market environment through the quarter.
In Q3 2024, titanium dioxide prices averaged USD 2,210/MT, slipping 7% quarter on quarter as the typical preholiday buying rush in decorative paints and plastics masterbatches proved milder than expected. While automotive refinishing and industrial coatings makers did lift offtake marginally, overall demand softened amid project deferments and cautious inventory management. On the supply side, steady chloride‐process plant operations in China and improved ilmenite feedstock flows from Australia and South Africa replenished spot availability, easing earlier tightness. At the same time, energy and sulfuric acid costs—key inputs for sulfate‐process TiO₂—remained broadly stable, offering little upward cost impetus. Finally, although freight bottlenecks persisted, normalized port throughput and competitive export quotas helped keep delivered costs in check, resulting in a moderately bearish quarter for TiO₂.
In Q2 2024, titanium dioxide prices averaged USD 2,380/MT, up 6.5% quarter on quarter, as robust coatings and plastics demand ahead of the Northern Hemisphere construction season and a rebound in automotive refinishing spurred restocking by paint and masterbatch producers. At the same time, scheduled turnarounds at several sulfate‐process TiO₂ plants—particularly in China—and tighter ilmenite ore supplies from Australia and South Africa removed volumes from the spot market, while firmer sulfuric acid and energy costs lifted overall production expenses. Although logistics and port operations remained smooth, elevated freight rates and limited export allocations further reinforced the supply squeeze, leaving the market on a decidedly firm footing throughout the quarter.
In Q1 2024, Titanium Dioxide prices in China averaged USD 2,230/MT, posting a modest 0.9% quarter-on-quarter increase. The uptick was primarily supported by a gradual recovery in demand from coatings, plastics, and construction sectors amid easing pandemic-era headwinds and early restocking by downstream converters. While supply remained stable with no major production disruptions, producers held offers firm on the back of slightly firmer feedstock costs and improved export sentiment. However, the price gains were limited by cautious procurement and competitive pressure from Southeast Asian suppliers, keeping the market balanced but restrained in upward momentum.
In Q1 2025, Indian titanium dioxide prices go down 4.58% quarter on quarter, as the post year end lull in decorative‐paint and plastics‐masterbatch restocking outweighed any seasonal support; while Titanium Dioxide saw a 6% rebound on broader polymer restocking, TiO₂ offtake remained muted amid budget audits and project delays in construction and automotive coatings. Steady chloride‐process plant operating rates and healthy import arrivals from Australia and South Africa replenished regional stocks, alleviating the tightness seen in late 2024. Feedstock costs for sulfuric acid and energy held broadly flat, offering little cost push inflation, and logistics conditions improved with smooth port operations and stable freight rates. These factors combined to foster a gently corrective market, with any Q2 2025 recovery dependent on renewed restocking by end users and movements in upstream raw‐material dynamics.
In Q4 2024, Indian titanium dioxide prices averaged ₹208,817/MT, down 1.75% quarter on quarter, as a yearend lull in decorative paint and plastics masterbatch restocking weighed on offtake. While festive season packaging demand provided some support, subdued buying from construction and automotive coatings—amid project slowdowns and budget audits—kept spot activity muted. On the supply side, steady chloride process plant operations and healthy import volumes from Australia and South Africa replenished inventories, easing earlier tightness. Feedstock costs for sulfuric acid and energy remained largely flat, offering little cost push to buoy prices, and logistics conditions improved with smooth port clearances and stable freight rates. These combined factors fostered a mildly corrective market, with any Q1 2025 rebound likely to hinge on renewed restocking by end users and shifts in upstream raw material dynamics.
In Q3 2024, Indian titanium dioxide prices averaged ₹212,500/MT, slipping 4.3% quarter on quarter as muted restocking by decorative paint and plastics masterbatch producers weighed on offtake amid a typical preholiday slowdown. Monsoon season construction delays further dampened demand in key end use segments. Meanwhile, resolved turnarounds at major chloride process plants in India and China eased supply tightness that had supported earlier gains. Robust import volumes—particularly from Australia and South Africa—replenished regional inventories, cushioning spot availability.
Feedstock costs for sulfuric acid and energy remained broadly stable, offering limited upward cost support. Logistics headwinds, including elevated freight rates and port congestion, persisted but proved insufficient to buoy prices amid weak demand. Global oversupply concerns are reflected in flat export pricing, which further pressured domestic levels. Government antidumping duties on Chinese imports provided marginal sentiment support but failed to materially tighten supply. Cautious procurement strategies and elevated on hand stocks from Q2 inventories kept buyer engagement subdued. Looking into Q4 2024, prices may stabilize or modestly rebound, contingent on any resurgence in festive season coatings demand or fresh feedstock cost pressures.
In Q2 2024, Indian titanium dioxide prices averaged ₹221,900/MT—a 10.3% quarter on quarter rise—as aggressive restocking by decorative paint and plastics masterbatch producers ahead of the monsoon and festive seasons intersected with supply side tightness from scheduled chloride process plant turnarounds and constrained ilmenite ore shipments; firmer sulfuric acid and energy costs added to production expenses, while elevated freight rates and antidumping duties on Chinese imports further reinforced delivered cost inflation, collectively underpinning a distinctly firm market tone that may temper in Q3 once seasonal construction demand eases.
In Q1 2024, Indian anatase titanium dioxide prices averaged ₹201,700/MT, down 1.8% quarter on quarter, as downstream offtake softened following yearend inventory builds in decorative paints, plastics masterbatches, and automotive coatings sectors. Despite steady plant operating rates, ample import arrivals from Australia and South Africa replenished regional stocks, easing prior supply tightness. Feedstock costs, particularly for sulfuric acid and energy—remained broadly stable, offering limited cost push support to producers.
Ongoing logistics challenges, including elevated freight rates and port congestion, continued to inflate deliveries but were insufficient to counteract the weaker demand environment. Competitive pressure from Southeast Asian suppliers and cautious procurement by Indian buyers kept spot enquiries muted, while economic headwinds in key export markets such as Europe and North America further tempered pricing. Government antidumping measures on Chinese imports provided marginal support but did not materially alter the supply demand balance. Looking ahead, market participants expect prices to stabilize or see modest gains in Q2 2024, contingent on the strength of construction activity and any shifts in feedstock cost dynamics.
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Feedstock Issues: The availability and price of feedstocks like ilmenite and rutile (primary TiO₂ sources) have fluctuated due to mining disruptions, export restrictions (e.g., from countries like Indonesia), and geopolitical instability.
Effect on Prices: Limited raw materials have constrained production and contributed to price volatility.
Impact: The war affected global energy markets, particularly in Europe, where many TiO₂ producers rely on gas.
Effect on Prices: Production costs increased significantly, leading to higher TiO₂ prices, especially in Europe.
Impact: Initial lockdowns reduced demand, but later stimulus spending and recovery in construction and manufacturing boosted TiO₂ use.
Effect on Prices: After an early dip, prices rebounded sharply in 2021 due to supply chain disruptions, increased shipping costs, and demand recovery.
Impact: The hurricane disrupted chemical production along the U.S. Gulf Coast, including TiO₂ facilities.
Effect on Prices: Temporary shortages and transportation disruptions led to short-term price increases.
Impact: China, a major producer of TiO₂, began enforcing stricter environmental regulations, leading to the shutdown of many non-compliant factories.
Effect on Prices: These shutdowns tightened supply, causing a surge in global TiO₂ prices.
Impact: The financial downturn led to a collapse in demand across many industries, including paints, plastics, and construction — all major consumers of TiO₂.
Effect on Prices: TiO₂ prices dropped significantly due to reduced industrial activity and oversupply.
This research methodology ensures that PriceWatch delivers the most accurate, timely, and actionable Titanium Dioxide pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.
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PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
| Properties | Value | Units |
| Density
|
4.23
|
g/cm³ |
| Melting point
|
1,843 | °C |
| Appearance
|
White solid | |
| Solubility in water
|
Insoluble | |
| Boling point | 2972 | °C |
Applications
Rutile-grade titanium dioxide (TiO₂) is widely used across industries due to its high refractive index, excellent opacity, and superior UV resistance. One of its primary applications is in the paints and coatings industry, where it serves as a white pigment that enhances brightness, durability, and weather resistance. It’s essential in architectural paints, automotive finishes, and industrial coatings. Similarly, in the plastics sector, rutile TiO₂ is added to polymers to improve whiteness, opacity, and UV stability, helping extend the life of products such as packaging, piping, and outdoor furniture.
In the cosmetic and personal care industry, rutile TiO₂ is valued for its safety, inertness, and ability to block UV rays. Micronized (nano) rutile is commonly used in sunscreens as a physical UV filter, providing broad-spectrum protection without being absorbed by the skin. It’s also found in lotions, powders, and other beauty products. Beyond cosmetics, rutile TiO₂ finds use in the pharmaceutical industry, where it’s used to coat tablets and capsules, offering protection from light and enhancing appearance.
Rutile TiO₂ also plays roles in the paper, ceramics, and food industries. In paper manufacturing, it improves brightness and opacity, especially in high-quality printing papers. In ceramics and glass, it acts as an opacifier and color enhancer due to its high-temperature stability. Although once widely used as a food colorant (E171), its use in food has declined significantly and is banned in regions like the EU due to safety concerns. Across all these sectors, rutile’s stability, non-toxicity, and strong performance under UV exposure make it the preferred form of TiO₂.
Titanium dioxide (TiO₂) pricing is influenced by a range of factors including the cost and availability of raw materials like ilmenite and rutile, energy and production costs, and global demand from key industries such as paints, plastics, and construction. Geopolitical events, trade restrictions, and regional conflicts can disrupt supply chains, while stricter environmental regulations—especially in major producing countries like China—often lead to reduced output and higher prices. Logistics challenges, currency fluctuations, and changes in process technology (chloride vs. sulphate) also contribute to pricing volatility. Additionally, supply-demand imbalances caused by stockpiling or capacity shifts among major producers’ further impact market dynamics.
Feedstock availability, particularly of propylene, directly impacts Titanium Dioxide pricing. When propylene supplies are constrained due to production issues or increased demand from other industries, Titanium Dioxide prices tend to rise. Similarly, production capacity constraints in Titanium Dioxide manufacturing can lead to supply shortages and higher costs. Procurement heads should analyse feedstock market conditions and production capabilities to effectively manage procurement strategies and costs.
Titanium dioxide (TiO₂) prices vary by region due to differences in production costs, energy prices, regulations, and supply-demand dynamics. Asia, especially China, offers the lowest prices, while Europe faces the highest due to strict environmental laws and high energy costs. North America maintains moderate pricing with high-quality chloride-grade supply. Latin America and the Middle East rely heavily on imports, leading to fluctuating costs. These differences drive procurement strategies focused on global sourcing, cost-risk balancing, and logistics optimization.
The future price outlook for Titanium Dioxide will be shaped by trends in raw material availability, production capacity, and market demand from industries such as adhesives, paints, and coatings. Additionally, global economic shifts and regulatory changes focusing on sustainability can impact pricing. Procurement heads should stay informed by tracking market reports, considering long-term contracts with suppliers, and exploring alternative sourcing options to mitigate risks associated with price volatility.
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