Huntsman Announces Increase in Global Titanium Dioxide Prices

United States: Huntsman, a US based manufacturer and marketer of differentiated chemicals, has recently announced to increase the global price for all of its titanium dioxide pigments. The increase in prices, as stated by the company would be effective from September 1, 2016. The company announced that the price of titanium dioxide in Europe would increase by USD160 per tonne. However, there would be an increase in price by USD160 per tonne in Asia-Pacific, Africa, Latin America and Middle East countries. Whereas in North America, the price of titanium dioxide would increase by USD0.07 per pound. Huntsman Corporation is a public traded global manufacturer of differentiated chemicals and serves broad range of industrial end markets.

TechSci Research depicts that the steady increase in price attributes to the surging demand of titanium dioxide in rapidly growing Asia-Pacific and Middle East and Africa pigment markets. The increase in price of titanium dioxide would benefit the manufacturers present across globe by adding to their revenues.

According to the recent report published by TechSci Research “Global Pigments Market By Type, By Application, Competition Forecast and Opportunities, 2011 – 2021”, global pigments market size is estimated to cross USD 34 billion by 2021. Demand for differentiated chemicals, such as pigments, is expected to grow on account of huge presence of paints & coatings, plastics, construction and printing ink industries, coupled with increasing investments across diverse industry verticals. Additionally, inorganic pigments are widely used in paints & coatings and plastics to provide various functional properties such as heat stabilization, antistatic, flame-retardants, anti-block and UV stabilization.