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.
The FDA first approved the use of titanium dioxide in food in 1966, following its 1960 removal (along with the removal of other color additives) from the agency's original Generally Recognized as Safe list. In 1977, titanium dioxide joined the list of color additives that are exempt from certification, which means titanium dioxide doesn't have to be listed on the packaging of every product it's used in, Faber noted.
titanium oxide rutile. When exposed to ultraviolet light, it can catalyze reactions that break down organic pollutants into carbon dioxide and water, thereby helping to purify air and water. This feature is utilized in self-cleaning surfaces, air purification systems, and even in the development of certain antimicrobial products.