The new report by Informes de Expertos titled, ‘Latin America Barium Titanate Market Report and Forecast 2022-2027’, gives an in-depth analysis of the market, assessing on the basis of application and key regions. The report analyses key success factors and constraints, tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
Forecast CAGR (2022-2027): X%
Increasing demand for barium titanate in various applications like capacitors, lead-free piezoelectric devices, and electroluminescent coatings is majorly driving the market’s growth in the Latin American region. Moreover, owing to the compound’s high dielectric constant and lead-free nature, it has become an ideal material for manufacturing various electronic devices. In addition, rising consumer disposable incomes and proliferating demand for Internet and consumer electronics are accelerating the production of electronic equipment and devices, which in turn contributes to the growth of the barium titanate industry. The compound’s photo-refractive and ferroelectric characteristics are further expected to drive its demand in the coming years.
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Industry Definition and Major Segments
An inorganic chemical compound available in a white powder form is known as barium titanate. It is produced by heating titanium oxide and barium carbonate.
By application, the market is divided into:
- Sensors
- Capacitors
- Thermistors
- Opto-Electronic Devices
- Others
Key regions covered include:
- Brazil
- Mexico
- Argentina
- Chile
- Others
Market Trends
The barium market in Latin America is expected to witness considerable growth due to the region’s growing demand for electronic devices. The product finds increasing application in the production of capacitors which are widely used for energy storage purposes in electronic devices. Moreover, it is also being employed in the manufacturing of various electric vehicles. Therefore, the growing number of electric vehicles in Latin America will significantly contribute to the industry’s growth.
Key Market Players
The major players in the market are:
- KCM Corporation
- Ferro Corporation
- Nippon Chemical Industrial CO., LTD.
- Shandong Sinocera Functional Material Co., Ltd
- Fuji Titanium Industry Co., Ltd.
- Others
This report covers the market shares, expansions, investments and mergers and acquisitions, among other latest developments of these industry players.
About Us:
Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
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Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
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