Venator Business Overview and Cost Savings Initiatives
TiO2 Industry Overview
Strong long-term trends - global demand tracks GDP
What is TiO 2
TiO2 is an important material used as a pigment in a vast range of consumer and industrial applications
► Used for more than 90 years as an efficient opacifier, with no commercially viable substitutes
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► TiO2 has the highest refractive index (ability to scatter light) of any material known to man - even greater than a diamond
► TiO2 occurs naturally in several kinds of rocks and mineral sands. Titanium is the ninth most abundant element in Earth's crust
Titanium dioxide must be purified and crystalized to form particles with controlled, uniform size
Benefits Derived from TiO2
Aesthetics: Imparts whiteness, opacity and brightness
Performance Enhancement: Ensures longevity and continued protection of the substrate when used in paints and coatings
Energy Efficiency: Contributes considerable energy savings in warm and tropical areas through heat reflectance when used in exterior applications
2022 Nameplate Capacity (1)
Global demand: 6.9 Mtpa
Global End-Use Applications (2)
Global Demand by Region (3)
Global Capacity by Region (3)
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8%
Other
Paper 10%
Others
Chemours
17%
8%
35%
North
America
16%
Rest of World
12%
Europe
25%
Rest of World
14%
Europe
22%
North
America
16%
Plastics
24%
INEOS
3%
Tronox
15%
Kronos
8%
LB Group 14%
Coatings
58%
Asia
Pacific
47%
Asia
Pacific
48%
Source:
17
Management estimates; TZMI TiO2 Market Insight Issue 105 December 2022; TZMI TiO2
Pigment Producers Comparative Cost & Profitability Study
(2)
Based on 2021 numbers
(3)
2022 full year estimates
(1)
Based on management estimatesView entire presentation