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Raw material costs, particularly the price of titanium ore, have a significant impact on the price of titanium dioxide. As the cost of titanium ore rises, manufacturers may pass on these increased costs to consumers, leading to higher prices for titanium dioxide. Additionally, production capacity can also affect the price per ton. When there is excess capacity, manufacturers may compete for market share by lowering prices, which can lead to lower prices for consumers.

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The second quarter of 2022 saw mixed market sentiments for titanium dioxide prices. Due to demands, constrained supply and ineffective production capacity brought on by the stretched supply chain, labour shortage, and high energy prices, the production of the chemical increased in Q2 of 2022. Moreover, the US Federal Reserve's tight monetary policy and high interest rates worsened the domestic trade picture, which at quarter's conclusion supported titanium dioxide's unfavourable market views.

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