VICTORIA PARK, WA – TZ Minerals International (TZMI) has released the third edition of the TiO2 Pigment Annual Review. The review is dedicated to the $17 billion global titanium dioxide (TiO2) pigment market, which has experienced varying dynamics since the first edition was published by TZMI.
In 2008, the TiO2 pigment industry operated in an environment of depressed profitability with record-high raw material and energy costs resulting in an oversupply of TiO2 in western markets. With the onset of the global financial crisis, inventories were drawn down, and capacity idled. This made it difficult to restart the supply chain when the market recovered.