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.