Australia Market Study on Titanium Dioxide: Paints and Dyes Application to Dominate Over the Forecast Period 2016-2024


  • Rep Id : XPLREP1057
  • Published On : August, 2016
  • No. of Pages : 83
  • Category : Chemicals

Mushrooming Adoption in Painting Applications Ensure Abundant Growth Opportunities for Australian Titanium Dioxide Market

The Australian Titanium dioxide market is forecasted to grow at a moderate value CAGR of 4.0% during the forecast period, according to a market study by XploreMR. Primarily used as a pigment in paints, coatings, plastics, rubber, paper, and semiconductors, titanium dioxide is finding substantial adoption in the automobile and housing industries for painting purposes.

Moreover, titanium dioxide is widely used in numerous industries, such as paints & coatings, plastics, and paper, among others, on the back of its brightness and high reflective index. In addition, the rising installation of solar panels in the region is also propelling the demand for titanium dioxide and will drive the market on a positive growth trajectory. On the other hand, factors such as global economic slowdown and growing use of substitutes such as silica in solar panels are expected to restraint the growth of the titanium dioxide market.

Usage of Titanium Dioxide Pigments in Paints & Coatings Shape Growth Trajectory

The surging demand for titanium dioxide in the automotive and housing sectors on the back of high disposable incomes and increased spending on infrastructure renovations are major growth opportunities for the Australian titanium dioxide market.

The demand for titanium dioxide in the aforementioned industries is closely associated with the burgeoning consumption of the chemical in the paints & coatings industry as a pigment, which in turn is used in other end-use sectors. On this premise, the adoption of titanium dioxide is mutually beneficial for multiple end-use segments with paints & coatings forefronting the end-use segment.

Additionally, growing environmental concerns regarding energy sources are asserting consumers to seek solar panels, thus subsequently driving demand for titanium dioxide in the installation of these panels. Besides, Australia gains remunerative opportunities by exporting titanium dioxide pigments to North America and Europe.

Segmental Highlights

Among the product types, the pigment segment currently holds the majority of market share, accounting for more than 90% of market value, and is expected to remain the dominant segment. Backed by high adoption dyes & paints and plastics & rubber, segments, the pigment will grow in value at a 4.0% CAGR during the forecast period.

On the other hand, on the basis of mineral grade, the laminate grade titanium dioxide currently accounts for nearly 95% of market value and will remain the most sought-out mineral grade.

Based on the end-use application, the dyes & paints segment is projected to channel the majority of revenue, accounting for nearly 2/3rds of revenue share and is anticipated to remain the leading end-use segment for Australian titanium dioxide market.

Western Australia to Prevail Leading Regional Market

On the basis of regions, the Australia titanium dioxide market is segmented into New South Wales, Victoria, Queensland, Western Australia, and the rest of Australia. Among the regions, the Western Australia region is projected to reign supremacy through the forecasted period, backed by a strong presence of market players, whereas Victoria is anticipated to remain the second-most lucrative region.

Competitive Landscape of Australian Titanium Dioxide

The major market players in the Australia titanium dioxide market studied in the report are Tronox Limited and Cristal Australia Pty Ltd. Both these players are focusing on reducing operational costs to expand profit margin, and are investing in sustainable technologies in the production of titanium dioxide pigment, to reduce the waste.

XploreMR (XMR) report analyzes the Australia titanium dioxide market. This study provides data for 2015 along with that for the forecast period (2016–2024). The main objective of the report is to identify opportunities in the market and provide recent updates and insights affecting various segments of the Australia titanium dioxide market.

To understand and assess opportunities in this market, the report is categorically divided into three sections namely, by product type, by mineral grade, application, and region. By application, the market is segmented into dyes & paints, plastics & rubber, paper, pure titanium metal & welding rods, and others. The report provides analysis of the Australia titanium dioxide market in terms of market volume (kilotons) and market value (US$ Mn). By product type, the market is segmented into pigments and non-pigments.

The report provides detailed insights about the Australia titanium dioxide market performance in terms of value and volume. The report also includes XMR’s analysis of drivers and restraints influencing the market. Key trends in the market and regulations for titanium dioxide market are also included in the report to provide clients with decision-making insights.

The subsequent sections analyze the Australia titanium dioxide market on the basis of product type, mineral grade, application, and region, and presents a forecast for the period 2016–2024. The market is segmented as follows:

By Product Type

  • Pigments
  • Non-pigments

By Application

  • Dyes & paints
  • Plastics & rubber
  • Paper
  • Pure titanium metal & welding rods
  • Others

By Region

  • New South Wales
  • Victoria
  • Queensland
  • Western Australia
  • Rest of Australia

To deduce market size, the report considered various viewpoints based on secondary research. Furthermore, data points such as regional split and market split by product type, by mineral grade, by application, and qualitative inputs from industry experts have been taken into consideration to arrive at suitable market estimates. The forecast presented in the report evaluates the actual revenue generated and expected revenue in the Australia titanium dioxide market over the forecast period.

When developing the market forecast, the report begins with sizing up the current market, which forms the basis for forecasting how the market is anticipated to grow during the forecast period. Given the characteristics of the market, XMR triangulates the data on the basis of various analysis based on both supply side and demand side, and dynamics of the titanium dioxide market. However, quantifying the market across the aforementioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them at the end of the forecast period.

In an ever-fluctuating economy, we not only conduct forecasts in terms of CAGR, but also evaluate on the basis of key parameters, such as year-on-year (Y-o-Y) growth, to understand the predictability of the market and identify growth opportunities for players.

Another key feature of this report is the analysis of titanium dioxide market and the corresponding revenue forecast in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve as well as to identify potential resources from a sales perspective in the titanium dioxide market.  

To understand key segments in terms of their growth and performance in the titanium dioxide market, XploreMR has developed a market attractiveness index. The resulting index would help providers identify existing market opportunities.

In the final section of the report, the competitive landscape is included to provide a dashboard view of titanium dioxide manufacturers in Australia. The report also comprises strategic recommendations to capitalize on growth opportunities in the market and provides company profiles of some of the major players. This would enable clients to assess strategies deployed by market leaders and help them develop effective strategies accordingly.

Australia Titanium Dioxide Market