Australia Titanium Dioxide Market is expected to expand at a CAGR of 4.0% over the forecast period (2016-2024)

Persistence Market Research delivers key insights on the Australia titanium dioxide market in its latest report titled, "Titanium Dioxide Market: Australia Industry Analysis and Forecast, 2016-2024". The Australia titanium dioxide market is expected to register 5.0% Y-o-Y growth in 2016 over 2015 and is expected to expand at a CAGR of 4.0% over the forecast period (2016-2024). Pigments segment is expected to account for the highest share in the Australia titanium dioxide market throughout the forecast period.

To remain 'ahead' of your competitors, request for a samples@ https://www.persistencemarketresearch.com/samples/11512

titanium-dioxide-market

Demand for titanium dioxide for application in automobiles, housing, and personal care products such as cosmetics is expected to increase during the forecast period, especially in emerging economies such as China. By product type, pigments segment is expected to continue to dominate the titanium dioxide market in terms of both volume and value throughout the forecast period. Rapid growth in demand for automobiles and housing due to growth in per capita disposable income in developing economies is expected to fuel demand for paints and coatings, which in turn is expected to fuel demand for titanium dioxide pigments. This is anticipated to drive the growth of the titanium dioxide market in Australia as the country exports titanium dioxide pigments to these countries. Other industries such as paper, printing, plastics, and rubber are also expected to fuel demand for titanium dioxide. However, volatile prices and low demand globally due to economic slowdown are factors expected to restrain the growth of the Australia titanium dioxide market over the forecast period.

On the basis of application, dyes & paints segment accounted for the largest market share in terms of value in 2015. Dyes & paints segment is estimated to be valued at US$ 81.9 Mn by 2016 end, up 5.1% Y-o-Y.

To connect with our sales representative@ sales@persistencemarketresearch.com

By mineral grade, Ilmenite grade segment is expected to register the fastest growth over the forecast period due to easy availability of Ilmenite as well as high demand and cheaper prices as compared to other grades. Ilmenite grade segment is expected to account for 60.5% share of the titanium dioxide market in Australia by 2024.

Western Australia is the largest market for titanium dioxide. The market in the region is expected to be valued at US$ 36.63 Mn by 2016 end. The titanium dioxide market in Western Australia is projected to expand at a CAGR of 4.1% in terms of value over the forecast period.

Key producers in the Australia titanium dioxide market include Tronox Limited and Cristal Australia Pty Ltd. Both these players are involved in a production of titanium dioxide mineral sands and titanium dioxide pigments. They are focusing on efficient and low-cost operations by investing in various sustainable technologies such as using chloride process for the production of titanium dioxide pigment, which results in lesser amount of waste as well as easy recovery.

For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/11512

Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com

About us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.

This release was published on openPR.