Australia Titanium Dioxide Market | Tronox Limited, Iluka Resource Limited, and Cristal Australia Pty Ltd

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.

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.

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.

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Detailed Segmentation:

Australia Titanium Dioxide Market, By Mineral Grade
Ilmenite
Rutile
Others (Anatase, Brookite, etc.)

Australia Titanium Dioxide Market, By Product Type
Pigments
Non- pigment (Titanium Metals & Welding Rods)

Australia Titanium Dioxide Market, By Application
Dyes & Paints
Plastics & rubber
Paper
Pure Titanium Metals & Welding Rods
Others (Semiconductors, Gems & Jewelry, etc.)

Among region, Western Australia dominated the Australia titanium dioxide market and contributed for the revenue share of 41.9%, in terms of revenue, followed by Victoria and New South Wales. In addition to this, Western Australia is anticipated to record fastest growth of over 4.0% in the forthcoming years.

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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%.

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.

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