The titanium dioxide market fluctuated in the first two quarters of 2023. These pricing patterns resulted from poor demand and reduced intakes from the downstream industries. Amid the slow demand, the manufacturers were forced to reduce their outputs. With rising inflation rates, production cuts gradually increased. Given the economic downturn, the labor strikes further affected the market dynamics, thereby exerting pressure on the pricing fundamentals.

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1. Enhanced Durability and Performance One of the critical benefits of incorporating titanium dioxide into tire formulations is its ability to improve overall durability. Tires containing TiO2 exhibit increased resistance to wear and tear, which is essential for vehicle performance and safety. Additionally, TiO2 contributes to reduced rolling resistance, which can enhance fuel efficiency in vehicles.

In recent decades, concerns for the risks of titanium dioxide consumption have grown.