Titanium Diboride Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
"The Report Titanium
Diboride Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2016 - 2024 provides information on pricing,
market analysis, shares, forecast, and company profiles for key
industry participants. - MarketResearchReports.biz"
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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