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.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players 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.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Titanates Market

Pre Book