Titanium Dioxide giants expect global demand for titanium dioxide to drop sharply in the fourth quarter due to overall economic contraction.

Tenor predicts that titanium dioxide demand will drop 25% to 30% in the fourth quarter due to customer destocking conditions. Among the regions, demand in EMEA and APAC continues to be weak, while North America shows seasonal weakness. For its part, COMU revised downward its earnings outlook for the second half of the year, with adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) down 15.4% from the previous quarter's median guidance due to continued declines in titanium dioxide demand forecasts and the impact of changes occurring in the industry as a whole.

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