According to recent statistics from the Titanium Dioxide Industry Technology Innovation Strategic Alliance Secretariat, in 2025, there were a total of 36 full-process titanium dioxide production enterprises with or essentially having normal production conditions across the industry (excluding enterprises solely engaged in post-processing/post-treatment by purchasing crude products externally), a decrease of 9 compared to the previous year. The total output of rutile-type titanium dioxide (including full-process sulfuric acid-based crude and finished products, as well as chloride-based products), anatase-type titanium dioxide, and other related products produced by these 36 enterprises reached 4.720 million tons, a decrease of 47,000 tons from the previous year, representing a decline of 1.0%. PriceSeek's analysis of titanium dioxide, with a bullish-bearish score of 1, indicates that the number of production enterprises in the titanium dioxide industry decreased by 9 to 36, and the total output fell by 1.0% year-on-year to 4.720 million tons, reflecting a significant contraction on the supply side. This suggests an acceleration in industry capacity consolidation. Against the backdrop of relatively stable demand, the reduction in supply is expected to support an upward trend in spot prices and potentially drive up market quotations. Therefore, a moderately positive score of +1 is assigned, indicating that spot prices may experience a moderate short-term increase.