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Economic conditions, such as inflation, interest rates, and exchange rates, can also impact titanium prices. A strong economy typically leads to higher demand for titanium, driving up prices. On the other hand, a weak economy can result in lower demand and lower prices. In addition, fluctuations in the value of the US dollar can affect the cost of imported titanium products.
Cosmetics
Titanium dioxide is primarily used as a pigment in oil-based paints and coatings. Its high opacity and ability to provide superior whiteness and brightness make it an ideal choice for enhancing the appearance of pipelines, storage tanks, and machinery in oil refineries. These facilities often operate in harsh conditions, and the durability and weather resistance offered by TiO2-coated surfaces ensure longevity and minimal maintenance.
In Asia, companies like Toyo Titanium in Japan and China's Zhejiang Titan Technology Co
