The demand for barium titanate is not saturated and there is still much room for development.

Barium Titanate (BT), also known as barium metatitanate, has a molecular formula of BaTiO₃ and a molecular weight of 233.19. It has a typical perovskite structure and is neither soluble in hydrochloric acid nor concentrated sulfuric acid. Insoluble in hydrofluoric acid, dilute nitric acid, water and alkaline solutions. Barium titanate is a toxic compound with a melting point of 1625°C and a density of 6.08g/cm³ (25°C).

Barium titanate is mainly used in the chip multilayer ceramic capacitor (MLCC) industry. MLCC is an important capacitor component in mobile phones, computers, color TVs, automobiles, military industry and other fields. Since the 1980s and 1990s, attracted by factors such as abundant domestic labor and low production costs, the global electronics industry production base has gradually moved to mainland China. As a basic component in the electronics industry, the production base of MLCC has also been transferred to China, and major MLCC manufacturers around the world have opened wholly-owned or joint ventures in China. At present, China’s MLCC production is concentrated in the Beijing-Tianjin-Hebei, Yangtze River Delta and Pearl River Delta regions. Companies mainly include Hongyuan Electronics, Tianjin Samsung Electro-Mechanics, Shanghai Kyocera, Suzhou Yageo, Fenghua Hi-Tech, Shenzhen Yuyang, Dongguan Taiyo Yuden, etc. Generally speaking, nearby procurement is conducive to reducing transportation costs and improving the timeliness of supply. The trend of downstream MLCC companies continuing to concentrate domestically provides good development opportunities for domestic barium titanate suppliers.

China’s barium titanate industry started late. However, with the continuous advancement of domestic production technology, the industry’s supply capacity has continued to increase, and companies such as Shandong Guoca Functional Materials Co., Ltd., Anhui Zhongchuang Electronic Information Materials Co., Ltd., and Fujian Bestco Electronics have developed. Materials Co., Ltd., Hubei Tianci Electronic Materials Co., Ltd., Xiamen Songyuan Electronics Co., Ltd. and other manufacturing companies. At present, due to the large demand for differentiation and individualization of barium titanate, production companies are required to customize products according to customer needs. In addition, there are relatively few barium titanate production companies and the industry’s production capacity is relatively concentrated. Downstream customers can directly contact the production companies through Procurement thereby reduces production costs and improves communication and industrial chain collaboration efficiency. Therefore, the main sales model of barium titanate production companies is the direct sales model, and relatively few products are sold through distribution channels. According to the “Barium Titanate Industry In-depth Market Research and Investment Strategy Suggestions Report 2022-2026” released by the Industrial Research Center, 2022 In 2017, the output of China’s barium titanate industry was 23,500 tons.

Industry analysts said that barium titanate is mainly used in the field of MLCC. Domestic companies are optimistic about the forward market, increase investment and expand production capacity. ; At the same time, due to the good development situation of the downstream demand market, the output of the barium titanate industry has increased year by year, and the overall capacity utilization rate of the industry is also at a high level. However, at present, my country’s barium titanate industry still has many problems that need to be solved, such as: (1) Theoretical basic research on barium titanate-related disciplines (crystallography, solution chemistry, fluid mechanics, etc.) is weak; (2) The production cost of barium titanate It is relatively high, which leads to high prices and is not conducive to the development of downstream industries; (3) As China’s environmental protection and production safety policies become stricter, the pressure on environmental protection and production safety in the barium titanate industry has increased. Generally speaking, although China’s barium titanate industry has a large production scale and a relatively high technical level, its output supply is not yet saturated due to factors such as technology, cost, environmental protection, and safety, and there is still a large gap. There is room for development, and relevant investors can focus on this area.