The present disclosure provides a light shielding material, a patterning method thereof, and a display panel. The light shielding material includes a light shielding composition and a transparent composition, the light shielding composition includes Ti7O4 and a dispersant, and the transparent composition includes a first compound, a photoactive compound, and a first solvent. Through dispersing Ti7O4 into the transparent composition, the light shielding material can be obtained in the present disclosure, which has an excellent light shielding effect, thereby preventing technical problems of scraps and scratches of the light shielding material caused by printing a black oil on the light shielding material using copper screen printing in current technology.