Titanium Carbide Market Scope
Titanium carbide (TiC) is very similar to tungsten carbide which a hard ceramic material. Its appearance is similar to black powder with sodium chloride crystal. It is used in cermet preparation, heat shield coating and abrasion resistance surface coating. Also, it is used in various industries owing to its excellent mechanical and physical properties.
The market study is being classified by Type (Targets, Tablets and Powder) and major geographies with country level break-up.
Research Analyst at AMA predicts that Chinese Vendors will contribute to the maximum growth of Global Titanium Carbide market throughout the predicted period.
H.C. Starck GmbH (Germany), Materion Corporation (United States), Micron Metals (United States), DAAO Industry (China), Chengdu Nuclear 857 New Materials (China) and Changsha Langfeng Metallic Material (China) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are ZhuZhou GuangYuan Cemented Material (China) and Western Minmetals (SC) Corporation (China).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Titanium Carbide market by Type, Application and Region.
On the basis of geography, the market of Titanium Carbide has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Mechanical processing will boost the Titanium Carbide market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Trend
- Emergence of Titanium Carbide Nano-particles
Market Drivers
- Growing Use of Titanium Carbide in End-user Industries such as Automotive and Metallurgy Owing to Its High Strength to Weight Ratio
Opportunities
- Advancement in Mining and Extraction Technology of Titanium Carbide
- Focus on Easing Down the Production Process and Make it Affordable
Restraints
- Susceptibility to Breakage Limits Its Application
- Multi-step and Complicated Production Processes Involved in Its Manufacturing
Challenges
- Problem of Being Reactive at High Temperature
- Mining of Titanium not Being Eco-friendly
Key Target Audience
Titanium Carbide Manufacturers, Raw Materials Suppliers/Distributors, Potential Investors, Government Agencies, End-user Industries and Others
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