Major TiO2 Supplier Forecasts Continuation of Demand Rebound; Further Price Moves Hinted
Major suppliers of titanium dioxide (TiO2) pigments, looking for a business turnaround in the wake of steep price erosion that hammered profits during the past two years, say pigment users can expect higher prices as the TiO2 demand trend continues an upswing that began earlier this year.
That was the opinion voiced by executives of Millennium Chemicals Inc. at a recent media briefing in Brussels. Those executives said they expect TiO2 sales volumes to increase by 3.2% in 2003 from this year, with annual growth of approximately 2% forecast over the next five to seven years.