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In Europe, the downstream paints and coatings sector presented weak demand in front of the titanium dioxide manufacturers, and thus, the titanium dioxide price trend experienced a gradual decline in its trajectory. Additionally, the pressure of inflation and increasing bank interest rates lowered the spending appetite of consumers which had an adverse effect on the titanium dioxide price trends. Further, the export and import of titanium dioxide were also caught under the negative influence of the poor economic conditions of the market.

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In the global market, anatase titanium dioxide producers face competition from manufacturers of other titanium dioxide polymorphs like rutile. However, the specific attributes of anatase make it irreplaceable in certain sectors However, the specific attributes of anatase make it irreplaceable in certain sectors However, the specific attributes of anatase make it irreplaceable in certain sectors However, the specific attributes of anatase make it irreplaceable in certain sectorsanatase titanium dioxide producers. For instance, in the field of photovoltaics, anatase titanium dioxide's ability to enhance the efficiency of solar cells is unmatched by other forms.

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