KCM Corporation, Ferro Corporation, Fuji Titanium Industry CO., Ltd., Nippon Chemical Industrial CO., LTD., and Shandong Sinocera Functional Material Co., Ltd, among others, are the major players in the global barium titanate market.
The global barium titanate market is expected to grow at a CAGR of 6% in the forecast period of 2022-2027. As per the analysis of Expert Market Research, the market is expected to be driven by the rising demand for electric vehicles.
The diverse applications of barium titanate in lead-free piezoelectric devices, capacitors, composite polymer films, and electroluminescent coatings, among others, are propelling the market growth. As capacitors are one of the most integral components in electronic devices, the use of titanium barium in their production is augmenting the market growth. Furthermore, the potential use of zirconated titanate as an environment-friendly material is supporting the market for barium titanate.
The use of barium titanate in sensors, electro-optical devices, and thermistors, among others, is augmenting the market demand. The growing demand for electric vehicles in both developed and developing countries is significantly driving the utilisation of barium titanate. In addition, the chemical is blended with metals such as scandium, samarium, and yttrium, among others, in the manufacturing of semiconductors.
Due to its high reflectivity, barium titanate is extensively used in four-wave mixing and photorefractive applications. The increasing R&D activities are leading to the development of very thin barium titanate films for use in microchips. Researchers are also utilising such films in the manufacturing of tiny capacitors, which is likely to provide impetus to the market growth in the forecast period.
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KCM Corporation is a ceramic maker that produces and sells powder materials used for various electronic products, ceramic raw materials, and fine ceramics. The company aims to provide high-quality services by using sustainable and natural raw materials. It utilises top-tier technology to provide innovative ceramic materials for the electronics sector.
|Headquarters:||Ohio, United States|
Ferro Corporation is a technology-based functional coating and colour solutions company. The company’s products are used as coatings for metals, glass, and ceramics, among others. The company caters to manufacturers worldwide in the appliance, automotive, household furnishings, building and renovation, and electronics industries. Some of its major markets include automotive, appliances, building products, sanitary, and packaging, among others.
Fuji Titanium Industry Co., Ltd. is a company that manufactures titanium oxide and electronic materials such as barium titanate. The company boasts of an employee base of 393 in the start of 2022, and generated sales of nearly JPY 11.26 billion in FY 2021. The company also produces barium titanates for utilisation in ceramic capacitors.
Nippon Chemical Industrial Co., Ltd. engages in the manufacture and sale of chemical products, organic chemicals, electronic materials, and agricultural chemicals. With 609 employees in 2022, the company’s revenue in FY 2021 reached JPY 29,537 million. In November 2021, the company announced its decision to install additional facilities for phosphorous raw materials for quantum dots.
Shandong Sinocera Functional Material CO., Ltd is a company that specialises in novel materials. Its products find wide applications in various leading sectors, including automotive, 5G communications, and biomedicine, among others. The company is one of the most significant Chinese manufacturers of high-end functional ceramic materials. Its spending on research and development activities from 2019-2021 surpassed RMB 500 million yuan.
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