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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.

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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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