The North American region suffered from the excess influx of material in the market, especially from the Asian countries, in the first half of the third quarter. The quarter, however, showed signs of significant improvement with a rise in the number of offtakes. Further, the lack of labor in the US challenged the rates of production of titanium dioxide and resulted in the depletion in the level of existing inventories, pushing the titanium dioxide price graph in an upward direction.

1.Mainly used in latex paints, water-based paints, inks, rubber, plastics, etc., replacing 30% of rutile-type titanium dioxide in latex paints, still maintaining the original film properties, and has the effect of reducing costs.

The FDA's Code of Federal Regulations allows for the legal, regulated use of titanium dioxide in food products, under some restrictions.

It's also worth noting that even prior to the EU decision, France had already outlawed titanium dioxide in food back in January 2020.