Press release
Barium Titanate Market to represent a significant expansion at 9.9% CAGR by 2023
Barium Titanate Market
The Barium Titanate Market is expected to register a CAGR of 9.9% during the forecast period, 2020-2023. Barium titanate (BaTiO3) is a compound of barium and titanium widely used in the construction industry for its low dielectric constant.
When barium carbonate and titanium oxide are heated, the organic compound barium titanate is formed. It has a perovskite structure and is a white powdery substance. In its purest form, barium titanate does not conduct electricity, but it can be doped with substances like scandium to make it a semiconductor material.
In addition, barium titanate is a ferroelectric material with pyroelectric and piezoelectric properties. One of the key properties of this material is its high dielectric constant. The absence of lead makes barium titanate material another important property that makes it an effective and environmentally friendly alternative.
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Because of the properties of barium titanate mentioned above, it has been found to be a useful material for various applications in various fields. Used in the manufacture of various electronic components such as capacitors (multilayer ceramic chip capacitors), piezoelectric transducers, sensors, thermistors, and SONAR devices. Barium titanate also has applications in electric vehicles, where barium titanate capacitors are used in energy storage systems.
The barium titanate market is expected to register steady year-on-year growth during the forecast period. The steady economic growth in the world's developing countries, especially in Asia-Pacific, and the region's stable electronics industry are in turn expected to boost the demand for barium titanate during the forecast period.
Therefore, the growth in end-user applications is expected to emerge as the key growth driver for the global barium titanate market during the forecast period. Another important aspect of barium titanate is that it is a lead-free and environmentally friendly piezoelectric material.
Therefore, the growth of the global barium titanate market is expected to be primarily driven by the increasing demand for green materials. The growing demand for electric vehicles in all regions of the world is expected to act as another growth driver for the global barium titanate market during the forecast period.
Market segmentation
• Application type
• Sensor
• Capacitor
• Thermistor
• Optoelectronic device
• Others
Area based
• North America
• American latina
• Eastern Europe
• Eastern Europe
• Pacific Asia
• Japan
• Middle East and Africa
The major identified players in the global barium titanate market are:
• KCM Co., Ltd.
• Iron society
• Fuji Titanio Industrial Co., Ltd.
• Samsung Fine Chemicals Co.,Ltd.
• Shandong Sinocera functional materials
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This report includes a comprehensive analysis of:
• Barium Titanate Market Segments
• Barium Titanat Market Dynamics
• Historical Actual Market Size, 2012-2014
• Barium Titanate Market Size and Forecast 2015 to 2025
• Value chain of supply and demand
• Current trends/issues/challenges in the Barium Titanate market
• Competition and Affiliates
• Technology
• Value chain
• Barium Titanate Market Drivers and Restraints
Barium Titanate Market Regional Analysis Includes:
• North America
• American latina
• Europa
• Asia Pacific and Japan
• Middle East and Africa
Report Highlights:
• Changing industry dynamics
• Deep market segmentation
• Past, current and forecast size of the industry. Current industry trends
• Most important competitive landscape
• Strategies for key players and product offerings.
• Potential and niche segments/regions with promising growth
• A neutral view of market performance
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The Chemicals and Materials division of Persistence Market Research offers distinct and pin-point analysis about chemicals and materials industry. Chemical coverage extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites and nanotechnology in particular with special emphasis on 'green alternatives', recycling and renewable technology developments, supply-demand-trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners and government bodies for developing - 'The Way Forward'.
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