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In the plastic industry, titanium dioxide serves as a crucial ingredient in creating vibrant colors and improving UV resistance. By incorporating TiO2 into their products, manufacturers can produce durable plastics that withstand exposure to sunlight without fading or degrading. This makes titanium dioxide an indispensable component in the production of outdoor furniture, automotive parts, and other items that require weather resistance.
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Barium sulfate, commonly known as baryte, is a versatile mineral that finds applications in various industries. It is an essential component in the production of paints, plastics, rubber, and paper, among others. The demand for barium sulfate has been steadily increasing due to its unique properties, such as high brightness, chemical inertness, and excellent thermal stability.
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The impact of China's dominance in TiO2 production on the global market is significant. The country's low-cost production has led to a global oversupply of TiO2, putting pressure on prices and affecting the profitability of manufacturers worldwide. However, this has also created opportunities for collaboration and innovation, as companies look for ways to differentiate themselves in the highly competitive market.
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