In Q3 of 2025, the pigments market, including titanium dioxide-based pigments, experienced fluctuations influenced by weak demand and cost pressures. Initially, the market saw a decline in prices as downstream industries such as coatings, plastics, and automotive showed subdued buying activity. This weak demand led to cautious purchasing decisions, with prices adjusting downwards, particularly in titanium dioxide pigments. The overall market sentiment was affected by high raw material costs and the limited movement in trading activity.
However, by the end of the quarter, the pigments market, including titanium dioxide, stabilized, with some price increases announced by manufacturers. Despite these increases, demand remained stagnant, and buyers were hesitant, leading to limited transactions. Raw material costs continued to exert pressure, but the market remained largely consolidated, with manufacturers adopting a wait-and-see approach. In the short term, the pigments market is expected to stay relatively stable, with prices remaining firm amid ongoing supply and demand imbalances.