Australia Titanium Dioxide Market: Size, Growth, Regional Analysis, And Market Analysis

 Titanium Dioxide:

Titanium Dioxide, also known as Titania or titanium (IV) oxide, is used in various products, including plastics, paper, coatings, paints, and semiconductors. Paper, paints and coatings, and plastics are some of the major end-use sectors for titanium dioxide. In the future years, the rising demand for titanium dioxide will be fueled by the rise of several end-use sectors.


Market Analysis:

Between 2021 and 2026, the Australia Titanium Dioxide Market is expected to grow at a CAGR of 5.9%, reaching USD 20.9 billion in 2021 and USD 27.9 billion by 2026. During the projected period, the Australia Titanium Dioxide Market will be driven by paints and coatings applications in construction, automotive, and industries. With increased demand from China and India, APAC is dominating the market in paint and coating applications.


The Titanium Dioxide market experienced a slowdown in growth due to COVID-19 and the worldwide lockdown that followed. Due to the COVID-19 pandemic, the Australia Titanium Dioxide Market for paints and coatings in the architecture, automotive, and general sector dropped in 2020. Due to the closure of showrooms and global economic difficulties, the automotive industry has been among the hardest hit. In addition, due to the economic downturn, demand for personal and commercial vehicles has decreased. With projects suffering labor shortages, supply chain challenges, and financial pressures, COVID-19 is influencing the worldwide building and construction industry. Due to the scarcity of raw materials, commercial builders must suffer more significant material costs and project completion times.


All of these reasons are detrimental to the paints and coatings industry. Titanium dioxide manufacturing plants have been put on hold for the time being. Companies' utilization rates also fell due to a labor shortage caused by social distancing regulations or as a preventative step to stop the virus from spreading. With the pandemic outbreak, demand for titanium dioxide fell due to lower consumption in end-use sectors such as paints and coatings and plastic applications. The raw materials supply chain in the Australia Titanium Dioxide Market was further affected by this scenario.


Key Players:

The Chemours Company (US), Tronox Holding PLC (US), Lomon Billions Group (China), Venator Materials PLC (UK), Kronos Worldwide Inc. (US), INEOS (UK), CINKARNA Celje d.d. (Slovenia), Evonik Industries AG (Germany), TAYCA CORPORATION (Japan), ILUKA RESOURCES (Australia), and ISHIHARA SANGYO KAISHA, LTD. (Japan) are the major key players of the Australia Titanium Dioxide Market.

Comments

Post a Comment

Popular posts from this blog

Significance of EHealth Software And Services

Image
Before knowing the concept of EHealth software and services let’s first understand what is EHealth? EHealth is defined as the delivery of health care using modern electronic information and communication technology in which health care practitioners and patients are not in direct contact and their engagement is mediated by electronic mediums, Physical and psychological diagnosis and treatment, telepathology, vital sign monitoring, electronic prescription, teleconsultation, and other services are among those provided. Electronic health records (EHR), decision support systems, consulting, and telemedicine is all components of eHealth. Most therapeutic practices now include computers as an essential component. Now, What Is Ehealth Software And Services? EHealth Software and services are that software that handles, transmit, store, or record the information used in the delivery of healthcare treatment and keep a record of payment of a particular patient. For example, smart hospitals are u
Read more

The OKR Software Market Is Estimated To Increase At A CAGR Of 12.60 Percent During The Forecast Period

  OKR is a 1970s notion that has subsequently been a primary emphasis for companies such as Google, Linked In, Airbnb, Twitter, Dropbox, Spotify, and Uber. The OKR software market is being propelled forward by the growing trend of reducing corporation business processes. Businesses are increasingly focusing on adopting this software to increase efficiency by streamlining various firm operational processes such as human resource operations management, workforce planning, and supply chain performance (SCP) management. OKR software is used to align personnel with corporate goals and investigate the underlying causes of the company's high efficiency. The program also supports maintaining objective transparency between management and employees, as well as tracking employee efficiency on a regular basis. OKR Software Market size was valued at USD 742.29 Million in 2020 and is projected to reach USD 1,843.62 Million by 2028, growing at a CAGR of 12.60 % from 2021 to 2028. By eliminating
Read more

Broadcast Switchers Market Report | the Demand for the Market Will Drastically Increase in the Future

  The term "broadcast switcher" refers to a digital device used in video or film production. It's used to choose or switch between distinct audio or visual signals coming from various sources. Switchers play a critical role in the video transmission process and are an important component of video processing. For a completely integrated television production, switchers are essential. Routing switchers, production switchers, master control switchers, and more types of switchers exist. They can be found in remote trucks, control rooms, and editing suites, among other places. Broadcasters may easily pick and route source video feeds thanks to digital broadcasting, which improves the workflow of digital broadcasting. Customers may now enjoy high-quality video production thanks to the transition from analog to digital transmission in the broadcast sector, which is known as High Definition Television (HDTV). For example, the Federal Communications Commission (FCC), a US governme
Read more