According to a market report by Lucintel, the future of the global titanium diboride powder market looks promising with opportunities in the aerospace & defense, automotive, electronic, and manufacturing sectors. The global titanium diboride powder market is expected to grow with a CAGR of 6.2% from 2024 to 2030. The major drivers for this market are increasing demand for high-performance materials and rising use of this powder in various end use industries, such as aerospace, healthcare, and semiconductor.
In this market, high purity and low purity are the major segments of
titanium diboride powder market by type.
Lucintel forecasts that high purity is expected to witness highest growth
over the forecast period due to its increasing demand in the aerospace and
defense, automotive, electronics, and medical applications.
Within this market, aerospace & defense is expected to witness
highest growth over the forecast period due to increasing demand for titanium
diboride powder based armor to protect vehicles and personnel from ballistic
and kinetic energy threats.
APAC is expected to witness highest growth over the forecast period due
to increasing demand for titanium diboride powders in the aerospace, defense,
automotive, and electronics industries of the region.
3M, Micron Metals, Plansee, ALCAO, INSCX, Beijing Xingrongyuan
Technology, and Changsha Langfeng Materials are the major suppliers in the
titanium diboride powder market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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