In addition to its use in paints and coatings, TiO2 powder is also used in the production of plastics, inks, and ceramics. It is valued for its ability to impart whiteness and brightness to these materials, as well as its UV-blocking properties. TiO2 powder suppliers play a crucial role in providing these industries with the high-quality TiO2 powder they need to produce their products.
Titanium dioxide prices varied across the Asia-Pacific region in this quarter. The supply disruption caused by Russia's invasion of Ukraine made the supply of the feedstock titanium concentrate even more problematic, and in the first half of the second quarter, a bullish market outlook prevailed. The decline in TiO2 market values in India has also been backed by a decline in demand from downstream industries like automotive and construction.