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The global market for barium titanate is primarily being driven by the rising demand for environmentally friendly materials. The rising demand for electric vehicles is also one of the major trends driving the growth of the industry. The demand is particularly higher in the developing regions, such as the Asia Pacific. The growth in the demand for electric vehicles significantly impacts the environment in a positive way. The rising production of the electric vehicles is a result of the increasing regulations to control the pollution caused by the emissions from the vehicles, which is leading to increased global warming. The rising number of initiatives taken to boost the sales of electric vehicles is likely to propel the market growth for barium titanate in the coming years.
The rising competition among the key players is also propelling the growth of the industry. Ferro Corporation (NYSE: FOE) is one of the leading key players in the barium titanate industry. It produces the product by solid-state synthesis. These find wide applications in the application sectors, especially in electronic devices. The growth of the company in the industry is likely to boost the growth of the market.
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The major players in the global barium titanate market are KCM Corporation, Ferro Corporation, Fuji Titanium Industry Co., Ltd., Nippon Chemical Industrial CO., LTD., and Shandong Sinocera Functional Material Co., Ltd, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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