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Potassium Hexatitanate Market Growth Prospects and Key Opportunities 2024
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It is also employed in ion exchanger materials, thermal insulators, reinforcements, catalysts, photo catalysts, substitutes of asbestos, etc. Generally, the titanate compounds contain a form of titanium oxide. The single crystals of potassium hexatitanate were synthesized by melt reacting TiO2 and K2CO3, from which lattice parameters, indexes of X-ray powder diffraction data and infrared spectra are obtained. The crystal system of potassium hexatitanate is monoclinic. Potassium hexatitanate is generally immediately available in most volumes, high purity, submicron and nano powder forms.
Factors such as wide industrial applications of potassium hexatitanate, due to its high tensile strength, weight advantage over metals and stability at high temperatures, is driving the potassium hexatitanate market. Additionally, various properties such as damage tolerance, fracture toughness, high temperature resistance, wear & tear, and corrosion resistance are also propelling the potassium hexatitanate market.
Factors such as stringent government regulations over its usage, chronic health effects such as inhalation toxicity, pulmonary fibrosis, lung cancer, mesothelioma, etc., on prolonged exposure to human beings are restraining the potassium hexatitanate market. Moreover, factors such as availability of substitutes is also hampering the potassium hexatitanate market.
Based on product type, the potassium hexatitanate market can be segmented into potassium dititanate, potassium tetratitanate and potassium octatitanate among others.
In terms of methods of manufacturing, the potassium hexatitanate can be classified into calcination-based titanate, slow cooling calcination titanate, hydrothermal reactions-based titanate, flux evaporation-based titanate, and combinative route of flux titanate based titanate.
Based on applications, the potassium hexatitanate market can be segmented into electronics industry, ceramics industry, and batteries industry.
In terms of geography, the potassium hexatitanate market can be segregated into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.
The market in Asia Pacific is the largest growing for potassium hexatitanate due to the rapid industrialization in emerging economies, such as India, Japan, and China, in the region. Additionally, the rise in demand for electronics equipment is driving the market of potassium hexatitanate in Asia Pacific. The market in Europe follows Asia Pacific market owing to significant investments in electronics and batteries industries due to the shift toward utilization of non-conventional sources of energy.
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Key players operating in the potassium hexatitanate market include Zouping Runzi Chemical Industry Company limited, Changsha Easchem Company Limited, Hebei Shengyi Fertilizer Company Limited, Hubei Ocean Biotech Company Limited, and American Elements.
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