Venator Business Overview and Cost Savings Initiatives
Demand Dynamics
Near term cyclical challenges but positive long-term trends
VENATOR
Demand Outlook
Overall long-term demand growth highly correlated to GDP
TiO2 is a "quality of life" product with no real substitutes
In the short-term, demand can by cyclical and impacted by broader macro issues
Deteriorating macro-economic environment in 2022 led to cyclical decrease in demand coming off highs in 2021
High inventory levels driving continued de-stocking contributing to a challenging start into 2023
However, long-term industry fundamentals remain positive with overall global demand growth expected to be 3.8% over the next 5 years
Global TiO 2 Demand (1)
'19A-'22E CAGR: 3.0%
7.4
'22E - '26E
CAGR: 3.8%
22E-26E
8.1
CAGR:
6.9
6.4
6.6
1.2
3.8%
1.2
1.1
3.4%
1.0
1.3
1.1
1.2
3.4%
1.2
0.4
1.1
1.0
0.4
0.4
2.7%
0.4
8.4
0.6
2.3%
0.4
0.3
0.5
0.4
0.4
0.5
2.7
4.4%
2.3
2.0
2.2
2.3
1.1
2019A
1.1
2020A
1.3
2021A
1.2
2022E
1.4
3.8%
2026E
Asia Pacific ex. China
China
Central and South America
Central Europe
Middle East & Africa
North America
Western Europe
26
(1)
Total global demand (TZMI, 2022, Q4 2022 issue)View entire presentation