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

Posted By : arorasurbhi on 2022-05-19   10:23:02    India
  Australia Titanium Dioxide Market


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.

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About Author

arorasurbhi Delhi India
I am a blogger and I write Report Oriented Blogs

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