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AUSTRALIA TITANIUM DIOXIDE MARKET ANALYSIS

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AUSTRALIA TITANIUM DIOXIDE MARKET ANALYSIS

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  1. Coherent Market Insight Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ Covid-19 Impact Tracker

  2. AUSTRALIA TITANIUM DIOXIDE MARKET ANALYSIS • Australia Titanium Dioxide Market, By Mineral Grade (Ilmenite, Rutile, Others (Anatase, Brookite, etc.)), By Product Type (Pigments, Non- pigment (Titanium Metals & Welding Rods)), By Application (Dyes & Paints, Plastics & rubber, Paper, Pure Titanium Metals & Welding Rods, Others (Semiconductors, Gems & Jewelry, etc.)), and By Region (New South Wales, Victoria, Queensland, Western Australia, Rest of Australia) - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027 • In 2018, Australia titanium dioxide market was valued at US$ 96.2 million, in terms of revenue and 60.0 kilo tons in terms of volume.

  3. Drivers • Rising application of titanium dioxide across paints, paper, dyes, and plastic is expected to propel the market growth over the forecast period. Moreover, increasing the disposable income of people in the country is expected to raise the demand for consumer product such as personal care, automobiles, and household product. Aforementioned factors are projected to fuel the growth of Australia titanium dioxide market in the near future.

  4. Rising installation of solar panel in the country as titanium dioxide find application in the solar panel is projected to boost the market growth. According to the Solar Feeds, in 2018, 2 million households in Australia installed rooftop solar panels. It means that one in every five households now have solar power to bring down their electricity bills. If this rate of solar installations remains, the country will reach 50% renewable capacity in 2025.

  5. Figure 1. Australia Titanium Dioxide Market Share (%), By Region, 2018

  6. Market Restraints • The slowdown of the economy in the country is projected to hinder the market growth of Australia titanium dioxide. According to the World Economic Outlook, The International Monetary Fund predicts that Australia's economy will weaken to 1.7 percent growth in 2019, down a full percentage point from 2.7 percent in 2018. Hence, the slowdown of the Australia economy in the recent few years is expected to restrict market growth over the forecast period.

  7. Increasing usage of substitute of titanium dioxide as silica due to its excellent surface passivation property is expected to hinder the market growth of titanium dioxide. The silica glass is now being increasingly embedded with silicon solar cells which is raising the demand for demand silica due to excellent property over titanium dioxide. This factor is expected to restrain the market growth of the titanium dioxide.

  8. Market Opportunities • Increasing the cosmetic and personal care product industry in Australia is projected to propel the market growth of titanium dioxide. According to the report published by the International Monetary Fund in September 2016, in 2015, Australia’s total personal care and the cosmetics market is estimated at US$ 3.4 billion. Imports satisfy over 70% of the domestic market with the U.S. holding the largest share at 22%.

  9. Increasing adoption of advanced technology for the production of titanium dioxide is expected to foster market growth over the forecast period. For example, traditionally sulfate process was used to extract titanium dioxide from its ores but now it has been gradually replaced by chloride process because this process generates a lesser amount of waste, easy recovery, and also has the possibility of chlorine recycling. Hence, advancements in technology are expected to fuel the market growth.

  10. Figure 2. Australia Titanium Dioxide Market – Opportunity Analysis

  11. Market Trends/Key Takeaways • An increasing number of partnerships among major players in Australia to meet the rising demand for titanium dioxide is expected to fuel the market growth over the forecast period. For instance, in October 2018, DKSH and Australian stock listed resources company TNG have signed a term sheet encompassing the full distribution on a global and exclusive basis for TNG’s titanium dioxide (TiO2) production as TiO2 is the most used white pigment worldwide.

  12. The presence of the biggest deposits of titanium mineral in Australia is expected to fuel the market growth of the titanium dioxide. For example, according to Australia's peak research organization, the CSIRO, Australia has the biggest deposits of ilmenite and rutile – titanium's base minerals - in the world. At present, 95 percent of the mineral sand mined is used in an oxide form, the pure white color crucial in products from paint to cosmetics.

  13. Figure 3Australia Titanium Dioxide Market Share (%), By Application, 2018

  14. Competitive Section: • Company Names  • Players active in the market are Tronox Limited, Iluka Resource Limited, and Cristal Australia Pty Ltd • Few Recent Developments • Tronox Limited • In April 2019, Tronox Limited’s US$ 2.0 billion acquisition of titanium dioxide business. Cristal operates eight TiO2 manufacturing plants in Australia, Brazil, China, France, Saudi Arabia, the United Kingdom, and the United States. Cristal also operates mines in Australia and Brazil, and a research and development center and a titanium metal powder plant in the United States. • In 2015, the company started production at its Fairbreeze mine in KwaZulu-Natal, South Africa. The mine is expected to produce titanium dioxide mineral sands such as ilmenite, rutile, and zircon.

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  16. About Us: Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

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