A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Titanates
Market. The
study, titled “Titanates
Market - Global Industry Analysis, Size, Share, Growth, Trends, and
Forecast 2017 - 2025”,
is available for sale on the firm’s website.
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.
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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.
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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)
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