Growth and Opportunities in Australia's Titanium Dioxide Market
Titanium dioxide is also called as titanium (IV) oxide with chemical formula TiO. It has a wide range of application in paints, food coloring, and sunscreen products. It occurs in nature as a minerals rutile and anatase and is the ninth most chemical element found in the earth’s crust. This metal is commonly found in animal and plant and combine with oxygen to form titanium oxides which are mainly found in waste, sands, dust, and soils. It has a range of application such as paints &coatings, cosmetics, soaps, as a water treatment agents, food colorants, and automotive products.
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.
Top Key Players in Australia Titanium Dioxide market: Tronox, Limited, Iluka, Resource, Limited, and, Cristal, Australia, Pty, Ltd
The scope of the Report:
The report segments the global Australia Titanium Dioxide Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Australia Titanium Dioxide Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.
Regional Analysis:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Australia Titanium Dioxide market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
- North America [U.S., Canada, Mexico]
- Europe [Germany, UK, France, Italy, Rest of Europe]
- Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
- South America [Brazil, Argentina, Rest of Latin America]
- Middle East & Africa [GCC, North Africa, South Africa, Rest of Middle East and Africa]Increasing the cosmetic and private care product industry in Australia is projected to propel the market growth of titanium oxide . consistent with the report published by the International fund in September 2016, in 2015, Australia’s total care and therefore the cosmetics market is estimated at US$ 3.4 billion. Imports satisfy over 70% of the domestic market with the U.S. holding the most important share at 22%.
Increasing adoption of advanced technology for the assembly of titanium oxide is predicted to foster market growth over the forecast period. for instance , traditionally sulfate process was wont to extract titanium oxide from its ores but now it’s been gradually replaced by chloride process because this process generates a lesser amount of waste, easy recovery, and also has the likelihood of chlorine recycling. Hence, advancements in technology are expected to fuel the market growth.
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.
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.
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