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Titanium Diboride Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
About Titanium Diboride Market
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.
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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.
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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.
The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.
The study is a source of reliable data on:
Key market segments and sub-segments
Evolving market trends and dynamics
Changing supply and demand scenarios
Quantifying market opportunities through market sizing and market forecasting
Tracking current trends/opportunities/challenges
Competitive insights
Opportunity mapping in terms of technological breakthroughs
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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, Luxembourg)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
Middle East and Africa (GCC, Southern Africa, North Africa)
TMR estimates the market size of various sectors using a combination of available data on the number and revenue of companies within each sub-sector and tiers of companies. The basic components used to determine market size and forecast for a specific product area are not only limited to supply-side data, but are also related to demand, industry trends, and the economic outlook. All the above data points are utilized to generate a statistical model targeting the sector marketplace. More than 300 TMR analysts across the world integrate these elements into a framework to determine the subsector market size for a base year and then forecast growth within each market.
TMR regularly interviews technology and business professionals as an ongoing effort to track the latest developments within each sector. These continuous surveys are stratified by company size and industry segment and weighted to reflect the global market place. All data are collected on an ongoing effort through a structured questionnaire rolled over the web or conducted via telephones. This provides the TMR team opportunities to request for detailed question sets, complex skip patterns, and real-time calculations, which assists respondents in answering questions involving numbers and percentages. Respondents, who are interviewed as experts, are screened and qualified based on certain criteria in addition to their decision-making authority and the scope of activity within their organizations.
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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