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The paints and coatings industry reduced their offtakes which coupled with the drop in the crude oil prices and availability of cheaper imports from the Asian market led to the fall in titanium dioxide prices. The demand decreased significantly in the fourth quarter along with the slow manufacturing due to high inflation rates keeping the price trends of the commodity in the negative zone.

Looking ahead to 2023, titanium dioxide will play a key role in various industries. The growth potential of this chemical is huge, and companies like Hebei Caiqing Material Technology Co., Ltd. are well positioned to meet the changing demands of the market. With its individual customization services and dedication to research and development, the company is well-positioned to meet the growing demand and contribute to the advancement of titanium dioxide applications worldwide. Whether in coatings or plastics, titanium dioxide brings innovation, protection and improved product performance to a wide range of customers around the world.

Titanium dioxide remains in many food products in this country because of regulatory folly by the Food and Drug Administration, which allows problematic food ingredients to remain undetected and unreviewed.