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The second quarter of 2022 saw mixed market sentiments for titanium dioxide prices. Due to demands, constrained supply and ineffective production capacity brought on by the stretched supply chain, labour shortage, and high energy prices, the production of the chemical increased in Q2 of 2022. Moreover, the US Federal Reserve's tight monetary policy and high interest rates worsened the domestic trade picture, which at quarter's conclusion supported titanium dioxide's unfavourable market views.
It’s particularly useful in sunscreen as it has impressive UV resistance and helps block the sun’s UVA and UVB rays from reaching your skin (6Trusted Source).
Titanium dioxide has many purposes in both food and product development.