Venator Business Overview and Cost Savings Initiatives
Volume (mt)
Long-term Fundamentals Remain Positive
VENATOR
Positive Long-Term Trends, with Short-Term Challenges
TiO2 is an important material used in a vast range of applications, with no commercially available substitutes
While global demand generally tracks GDP, the industry has been impacted in the short-term by certain challenges - these include:
Weak demand in H2 2022 into 2023 primarily due to significant industry-wide destocking across major end-markets putting pressure on
selling prices
Inflationary pressure from higher energy, raw material and shipping costs partially mitigated through monthly selling price reviews and
selective surcharges and energy hedging programs
Global supply chain disruptions expected to continue in the near term, active management of supplier network continues
Global TiO2 Effective Operating Rate Forecast >80%
9.0
100
7.4
8.0
6.9
7.8
8.0
6.6
6.3
7.3
6.8
6.6
80
7.0
6.2
6.2
6.0
5.5
5.6
5.7
5.3
5.5
4.8
4.7
60
5.0
60
4.0
40
40
3.0-
2.0
- 20
1.0 -
2009 2010 2011 2012
25
(1)
Total global demand (TZMI, 2022, Q4 2022 issue)
(2)
Global producers operating rate (TZMI, 2022, Comparative Cost & Profitability Study)
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Global Demand (1)
Global Producers Operating Rate (%) (2)
0
Operating Rate (%)View entire presentation