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Report Overview

The global barium titanate market is expected to grow at a CAGR of 6.00% in the forecast period of 2025-2034, driven by the rising demand for electric vehicles.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

Compound Annual Growth Rate

Value in USD Billion

6%

2025-2034


Barium Titanate Market Outlook

*this image is indicative*

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Global Barium Titanate Market Report Summary Description Value
Base Year USD Billion 2024
Historical Period USD Billion 2018-2024
Forecast Period USD Billion 2025-2034
Market Size 2024 USD Billion XX
Market Size 2034 USD Billion XX
CAGR 2018-2024 Percentage XX%
CAGR 2025-2034 Percentage 6.00%
CAGR 2025-2034 - Market by Region Asia Pacific 6.7%
CAGR 2025-2034 - Market by Country India 6.9%
CAGR 2025-2034 - Market by Country Saudi Arabia 6.6%
CAGR 2025-2034 - Market by Application Capacitors 6.8%
Market Share by Country 2024 India 3.9%

The Asia Pacific Leading the Global Market for Barium Titanate

The global market for barium titanate is dominated by the Asia Pacific region, owing to the regions' rapid economic growth and urbanisation. The market is primarily being driven by the rising demand for electric vehicles in the region. The rise in carbon dioxide emissions, as well as the increased government efforts to reduce the number of petroleum and diesel-based vehicles, is a key driver for the increase in the demand in the Asia Pacific for electric vehicles, which is further driving the demand for barium titanite.

The growth in the electric vehicle production is a result of an increase in the number of carbon dioxide emission regulations as a result of rising global warming worldwide. An increasing number of initiatives aimed at boosting the sales of electric vehicles is expected to fuel the demand for barium titanate in the coming years.

Barium Titanate Market by Application

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Barium Titanate: Market Segmentation

Barium titanate is an inorganic chemical compound formed by heating titanium oxide and barium carbonate. It is a white, powdery, perovskite-bodied material. Barium titanate is a ferroelectric substance with piezoelectric characteristics and pyroelectric properties. Also, one of the key features of that material is its high dielectric constant.

The product finds wide applications in the following segments:

  • Sensors
  • Capacitors
  • Thermistors
  • Opto-Electronic Devices
  • Others

The regional markets for barium titanate can be divided into

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

CAGR 2025-2034 - Market by Application
Capacitors 6.8%
Sensors 6.4%
Thermistors XX%
Opto-Electronic Devices XX%
Others XX%
CAGR 2025-2034 - Market by Region
Asia Pacific 6.7%
Europe 5.4%
North America XX%
Latin America XX%
Middle East and Africa XX%
CAGR 2025-2034 - Market by Country
India 6.9%
Saudi Arabia 6.6%
China 6.5%
UK 6.2%
Mexico 5.9%
USA XX%
Canada 5.7%
France XX%
Italy XX%
Japan XX%
Australia XX%
Brazil XX%
Germany 5.2%

Rising Application of Barium Titanate Bolstering the Market Growth

The global market for barium titanate is rising owing to its growing applications in various sectors. It finds applications in capacitors, lead-free piezoelectric devices, electroluminescent coatings, and composite polymer films. The capacity and photorefractive properties of barium titanate are likely to contribute to their demand in the coming years. In addition, the high dielectric and lead-free character of barium titanate make it a suitable material to use in the production of different electronic devices. Consequently, zirconated titanate may be used as an environmentally friendly substitute, further aiding the market growth for barium titanate.

2024 Market Share by Country
India 3.9%
USA XX%
Canada XX%
UK XX%

The rising middle-class population, shifting lifestyle habits, as well as a growth in smart electronic equipment are expected to drive the consumer electronics growth over the coming years. In addition, the rising disposable incomes and the rise in internet usage are expected to increase the electronic equipment production. Capacitors are commonly used in electronic devices for the storage of energy. As a result, the demand for titanium barium is likely to be propelled forward in the coming years. These factors are likely to boost the growth of the global market for barium titanate.

Key Industry Players in the Global Barium Titanate Market

The report gives a detailed analysis of the following key players in the global barium titanate market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • KCM Corporation
  • Ferro Corporation
  • Fuji Titanium Industry Co., Ltd.
  • Nippon Chemical Industrial CO., LTD.
  • Shandong Sinocera Functional Material Co., Ltd 
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The global barium titanate market is projected to grow at a CAGR of 6.00% between 2025 and 2034.

The major market drivers include rapid urbanisation and industrialisation, the rising demand for electric vehicles, and the introduction of favourable government initiatives aimed at boosting sales of electric vehicles.

The key trend guiding the growth of the market includes the growing adoption of the product as an environmentally friendly and lead-free substitute in electronic devices.

The major regions in the barium titanate market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major applications of barium titanate are sensors, capacitors, thermistors, and opto-electronic devices, among others.

The major players in the 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.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Application
  • Region
Breakup by Application
  • Sensors
  • Capacitors
  • Thermistors
  • Opto-Electronic Devices
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • KCM Corporation
  • Ferro Corporation
  • Fuji Titanium Industry Co., Ltd.
  • Nippon Chemical Industrial CO., LTD.
  • Shandong Sinocera Functional Material Co., Ltd 
  • Others
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