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Titanium dioxide prices varied across the Asia-Pacific region in this quarter. The supply disruption caused by Russia's invasion of Ukraine made the supply of the feedstock titanium concentrate even more problematic, and in the first half of the second quarter, a bullish market outlook prevailed. The decline in TiO2 market values in India has also been backed by a decline in demand from downstream industries like automotive and construction.

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Moreover, there's a growing trend toward utilizing renewable energy sources in the production facilities. Solar power, wind energy, and even geothermal power are being integrated into factory operations to mitigate the carbon footprint associated with the manufacturing process. Companies are also investing in research and development to create new catalysts that could further optimize the production efficiency and lower harmful emissions.

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