Market Report

1. Titanium Dioxide (TiO2) Market Analysis

• In the first half of 2025, China’s titanium dioxide (TiO2) market was significantly impacted by macroeconomic pressures, including property market adjustments and external trade frictions, leading to overall weak demand.
• TiO2 prices experienced a two-stage trend: an initial increase in Q1 (Jan–Mar) due to high ilmenite and sulfuric acid costs and reduced output during the Lunar New Year; followed by a sharp decline from April to June due to falling demand, high inventories, and widespread production cuts among top manufacturers .
• As of mid-June, sulfuric acid process TiO2 prices fell by approximately $70–$98 per ton from early 2025 levels, and by $140–$168 per ton from the March peak. Chloride process TiO2 prices dropped by around $140–$210 per ton since January.

2. Titanium Dioxide Pigment Market Trends