Venator Business Overview and Cost Savings Initiatives
TiO2 Industry Dynamics
VENATOR
Improved industry structure has resulted in less dramatic cycles
Price ($/tonne)
3,500
3,000
2,500
2,000
1
Global TiO 2 Volume and Price
2
Volume ('000 tonnes)
9,000
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,500
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
Volume
Price
High price volatility
Pricing remained
driven by pigment
shortage and producers
relatively stable despite
volume volatility
chasing volume
2
Independently managed industry participants
Increased contracted sales
Shorter supply of high-grade feedstock and ilmenite
Minimal growth in Chinese sulfate capacity
Nearly $1,600 peak to
trough movement
c. $800 peak to trough
movement
Increased input costs and freight charges
24
Note:
Chart reflects historical TiO2 pricing from IHSView entire presentation