Titanium Diboride Market Analysis

Application (Ballistic Armor, Aluminum Smelting, Jet Propulsion System, Cutting Tools, Refractory Component, Electrically Conductive/Composite Ceramics, Thin Films & Coatings)

In titanium diboride market, electrically conductive/composite ceramics segment is poised to hold over 30% share by the end of 2036. The growth of the segment is set to be dominated by growing production of automobile since this segment is extensively utilized in this application. Throughout worldwide, approximately 84 million motor cars were manufactured in 2022-an about 5% increase over 2021.

Moreover, to create electric double-layer capacitors, which are used to create electronic devices, titanium diboride composites with electrical conductivity are employed. Demand for products is anticipated to be driven during the forecast period by the expanding electronics industry.

Additionally, due to its expanding application breadth in a variety of end-use industries, including consumer products, and building & construction, the demand for composite ceramics is also expected to increase. It finds use as a substitute for traditional materials like steel and aluminium, which have historically dominated a variety of global sectors.

End-User (Aerospace, Automotive, Electronics, Metallurgy, Energy, Chemical)

In titanium diboride market, electronics segment is estimated to hold over 30% revenue share by the end of 2036. The growth of the segment is set to be influenced by growing demand for electronics owing to various factors including remote working.

The demand for laptops, cameras, and other gadgets that let people work and learn from home has increased as a result of the COVID-19 epidemic, which has propelled the trend towards remote working and learning. Even after the pandemic is over, this tendency is probably here to stay because a lot of individuals have discovered that working remotely offers more freedom and a better work-life balance.

Additionally, technological developments spur the creation of new and better products, which raises demand and boosts demand. Hence, further with the surge in segment share the titanium diboride market revenue is also estimates to rise.

Our in-depth analysis of the global titanium diboride market includes the following segments:

Composite	Metal Ceramic
Preparation	Carbothermal Reduction Method Self-Propagation High Temperature
Application	Ballistic Armor Aluminum Smelting Jet Propulsion System Cutting Tools Refractory Component Electrically Conductive/Composite Ceramics Thin Films & Coatings
End-User	Aerospace Automotive Electronics Metallurgy Energy Chemical

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are growing demand for renewable energy, surge in demand for smartphones, and rising need for wear-resistant coating.

The market size of titanium diboride is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2024 - 2036.

The major players in the market are 3M, Plansee SE, Orient Special Ceramics, Sinyo Co., Ltd., and others.

The electrically conductive/composite ceramics segment is anticipated to garner the largest market size of 30% by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share of 30% by the end of 2036 and provide more business opportunities in the future.

Titanium Diboride Market Analysis