Titanium diboride is a part of metallic hard materials group. It is widely known for its extreme hardness and its composition. It is composed of boron and titanium that are known for its resistance to mechanical erosion. It is also known to be a reasonable electrical conductor and therefore has application as a cathode material in aluminum smelting. It can also be shaped by electrical discharge machining. Titanium diboride is not readily available in nature but is synthesized by reduction reaction i.e. carbothermal reduction process. The chemical formula for titanium diboride is TiB2. Titanium diboride is a hexagonal crystal structure which has melting point of 2900 degree celcius. It has specific gravity of 4510 km/m3 and hardness of 9.5 (Mohs scale). The molecular weight of titanium diboride is known to be 69.54 g/mol.

Titanium diboride has application in the areas including cutting tools, crucibles, armor, wear resistant coatings and neutron absorbers among others. The major application of titanium diboride is as evaporation boats for vapor coating of aluminium. Aluminium industry is the major consumer of titanium diboride. It is used as a raw material which is used in refining the grain size while casting aluminium alloys. Titanium diboride also acts as a corrosion resistor. Thin films of titanium diboride are used to provide corrosion and wear resistance to a tough or a cheap substrate. It is used as a component in special ceramic composites, as a component for refractories, electrode material in electrolysis cells in aluminium, etc.

Increasing demand from the aluminium industry for various applications is the major factor driving the global titanium diboride market. Growing demand from the other end-user industries is also expected to boost demand for global titanium diboride market as wear resistance has become more critical concern. As demand for light weight and long lasting components is increasing, the demand for titanium diboride is also anticipated to grow in the near future. Aerospace industry is also responsible in contributing to the growth of global titanium diboride market.

Rising health concerns related to titanium diboride are expected to hamper the growth of global titanium diboride market. Inhalation of titanium diboride may cause irritation to the mucous membrane and even may lead to boron poisoning. On ingestion it may lead to irritation in the gastrointestinal tract. It is also reported to affect the central nervous system. On exposure to skin it can cause dermatitis. These factors are expected to hamper the growth of titanium diboride in the market.

North America, Europe, Asia Pacific and Rest of the World (RoW) are the major segments for global titanium diboride market. Asia Pacific is expected to consume large volume of titanium diboride owing to the growing demand from the aluminium industry in the region. North America and Europe are also expected to boost demand for titanium diboride due to the rising demand from the end-user and automobile industries in the regions.

The key players profiled for global titanium diboride market include: ESK Ceramics GmbH & Co. KG, HardCoating Technologies Limited, 3M, CiDRA® Precision Services, LLC, Treibacher Industrie Inc., H.C. Starck GmbH, ESPI Metals, GE Advanced Ceramics, Momentive Performance Materials Inc. (MPM), ADVANCED CERAMICS MANUFACTURING, Kurt J. Lesker Company, Ceradyne, Inc., MemPro Materials, VanadiumCorp Resource Inc, JAI Engineering Ltd, PLANSEE SE, Kennametal Sintec USA, Aremco and Kailash Marketing Associates among others.

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.

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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.

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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.

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Titanium Diboride Market

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