Potassium Hexatitanate Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Potassium Hexatitanate Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Chemicals

Report Description

Potassium hexatitanate is a crystalline compound, which has an extremely fine crystals like structure with a fiber length of 10 to 20 µm and fiber diameter of 0.3 to 0.6 µm. Its chemical formula is K2Ti6O13. Titanate fibers are new materials with high heat resistance and good chemical stability with a general chemical formula, given as K2O?nTiO2 (n = 2 to 8), where the value of “n” determines the potassium content. It possesses properties such as high strength, stiffness, and aspect ratio. Potassium hexatitanate belongs to materials of various uses due to its potential economic importance. This relatively inexpensive, fibrous material has good thermal durability, chemical resistivity, and dispersibility and has been found to be useful as a reinforcement material for plastic and ceramics, heat-insulating paints, and automotive brake linings. Potassium hexatitanate is utilized in numerous applications in industries such as electronics, ceramics, and batteries. 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.

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.

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)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

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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