Industry News

Fitch: Low Raw Material Costs Benefit US Coatings Companies

Pricing pressure on titanium dioxide, oil-based derivatives should continue to provide a tailwind.

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By: Catherine Diamon

Director, Executive Internal Communications, GAF

Expected improvements in architectural coatings volumes and sustained pricing pressure on titanium dioxide (TiO2) and oil-based derivatives should continue to provide a tailwind for U.S. paints and coatings companies, according to Fitch Ratings. TiO2 prices are highly volatile and the market has been oversupplied since late 2012. Although key producers such as Tronox Ltd. and Huntsman Corp. have reported that inventories are nearing normal levels, prices for ilmenite and rutile — the ma...

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