+1-518-618-1030 866 - 552 - 3453 USA-Canada Toll Free

Titanates Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Pre Book Price: $ 5216

Original Price: $ 5795

Titanates are inorganic compounds formed by combination of titanium, oxygen, and one or more metallic elements. Some of the common titanates usually employed in industrial applications are potassium titanate, potassium magnesium titanate, calcium titanate, dysprosium titanate, barium titanate, and strontium titanate. Titanates are widely used due to their advantages such as high mechanical strength, excellent heat resistance, high corrosion resistance, high thermal insulation, and high infrared reflectivity. They have extremely low coefficient of heat conductivity at high temperatures. Upon combination with metals, titanates offer several advantages such as dense and soft structure, refractive index nearly equal to that of diamond, and higher dispersion as compared to diamond. These properties make it a great alternative for diamond. Due to these advantages, titanates along with different metals are used extensively across various industries. For example, friction coefficients of potassium titanate and potassium magnesium titanate show stability from room temperature to high temperature. This assures smooth braking. Hence, potassium magnesium titanate is widely employed in brake pads in the U.S. and Europe. Potassium titanate is widely used to reinforce plastic composites in order to improve the mechanical performance of these composites. Plastic composites are employed as fine parts in applications wherein properties such as high strength, heat resistance, and wear resistance are required. The friction control property of titanates can be utilized in brake tiles for trains and clutch pieces. Strontium titanate in its synthesized form is widely used as an alternative for diamond in precision optics, varistors, and advanced ceramics. Synthetic strontium titanate can be used in high-voltage capacitors, owing to its properties such as very high di-electric constant and superconductivity at low temperatures. Strontium titanate is also employed in jewelry and fiber optics. Calcium titanate is extensively used in bone implants in hip replacement surgeries. Barium titanate is applied in uncooled sensors for thermal cameras, owing to its pyro-electric and ferro-electric properties. Although there exist numerous advantages and applications of titanates, one major hindrance to their use is that some titanates prove to be very costly. Especially, titanates that are used as substitutes for diamonds are expensive.

Titanates are extensively used in consumer goods, jewelry products, power storage devices, medical surgeries, automotive equipment, and industrial applications. The increasing demand for jewelry and automobiles is, in turn, driving the demand for titanates. Furthermore, economic development, rising disposable incomes, and need for power generation infrastructure are a few factors contributing to the increase in demand for titanates. 

Based on application, the titanates market can be segmented into diamond jewelry manufacturing, power generation equipment, medical industry, automotive components, and semiconductor devices. Titanates are majorly used in the manufacture of diamond jewelry and applications such as optics, where titanates are being employed as substitutes for diamonds. . The surge in demand for diamond jewelry in countries such as the U.S., India, China, and Japan is fueling the titanates market in the diamond jewelry manufacturing segment. The titanates market is anticipated to expand in the medical industry segment during the forecast period.  

Geographically, the global titanates market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Increasing demand for titanates in the manufacture of jewelry and optics, power generation equipment, and automotive equipment is making the global titanates market an attractive one. Especially, the use of titanates in diamond jewelry and as a substitute for diamond in certain applications is likely to make the U.S. and, in turn, North America an attractive market for titanate during the forecast period. (The U.S. is one of the leading consumers of diamond.) Countries of the Asia Pacific region such as China, Japan, and India are major consumers of diamond after the U.S. Moreover, these countries are witnessing tremendous industrial, economic, and infrastructural growth and experiencing a boom in sectors such as electronic & electric semiconductors and automotive. Hence, the titanates market in Asia Pacific is anticipated to expand at a significant rate during the forecast period. 

Some of the key players operating in the global titanates market are TPL Inc., NEI Corporation, Atlantic Equipment Engineers Inc., Nano Oxides Inc., Royce International, Dimat Inc., and TBT Group Inc.

The titanates market provides ample opportunities for the existing players as well as the new entrants, due to increasing use of titanates across various industrial applications, especially in Asia Pacific. The titanates market in North America and Asia Pacific is anticipated to witness significant growth during the forecast period.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market    

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.


Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.


To receive discount, please click on the button below.

Please click on the button below to customize this report.

 
 
Back To Top