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Allied Market Research

Titanium Nitride Market - Global Opportunity Analysis and Industry Forecast, 2020–2027

A09655
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Jan 2021 | 48 Views
 
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Titanium nitride, also known as tinite, is an extremely hard ceramic material, which is used as a thin coating to enhance surface properties on substrates such as copper, titanium alloys, and steel. Titanium nitride exhibit properties such as high hardness, high heat resistance, superior resistance to corrosion, low friction,high compressive resistance,and enhanced wear resistance. In addition, it is non-toxic, electrically conductive, non-oxidizing, and harder than carbide. Titanium nitride is used widelyin cutting instruments, as it has a high tolerance to oxidation and hardness. It is further used in medical surgical devices and food processing equipment, as it is nontoxic in nature. Owing to its metallic gold appearance, it is used for coating gold accessories, bicycle &motorcycle forks, and vehicle trims (for decoration purposes). Furthermore, it is used in components of aerospace, plastic molding tools (especially high-finish tools), as well as in stamping, punching, and cold forming equipment.

Market scope and structure analysis

Report Metric

Details

Market size available for years

2019–2027

Base year considered

2019

Forecast period

2020–2027

Forecast unit

Value (USD)

Segments covered

Type, Deposition Technique Application, and Region

Regions covered

 North America (U.S., Mexico, and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and the Rest of LAMEA)

Companies covered

Bunty LLC, Ion Vacuum (IVAC) Technologies, Corp.,Demaco, Lesker, SAM, Nexteck, ZNXC, Beijing Guanli, SADOSA S.A. de C.V., and OC Oerlikon.

 

Key drivers of global titanium nitride market

The growth of the global titanium nitride market is driven by increase inuse of titanium nitride as a coating material in the machine tool industry to enhance the life and efficiency of cutting and pressing equipment. Surge in demand for titanium nitride in the motor racing industry for part coating such as valves, valve gears, connecting rods, bearings, hubs, and other slipping and worn surfaces is expected to fuel the growth of global titanium nitride market duringthe forecast period.

Market scenario: opportunities and challenges

The demand for titanium nitride is projected to generate significant growth opportunities in the future. This is attributed to increase inuse of titanium nitride as a hard coating in medical implants, food processing machinery, and pharmaceutical equipment. However, titanium nitride-based coatings are expensive, and the coating process must be carried out with the help of experts, which may incur high initial capital requirement. This aspect is expected to curb the demand for titanium nitride duringthe forecast period. On the contrary, the development of the medical industry is expected to provide lucrative opportunities for the suppliers operating in the market. In the orthopedics industry, the demand for titanium nitride-based coatings is rising, as these coatings are biocompatible, reduce the release of metal ions into the joint space of the patient, and minimize bacterial proliferation.

COVID-19 scenario analysis

Global titanium nitride market is expected to witness slowdown during the forecastperiod, owing to the outbreak of the COVID-19 pandemic. In addition, companies are grappling with missed sales and fragmented supply chains as production shutdowns and quarantine policies extend across the world, limiting operational activities, which, in turn, creates negative impact on global titanium nitride market. However, the medical sector, being an essential service, fuels theneed for titanium nitride, as it is nontoxic in nature, and is majorly applicable in medical devices such as scalpel blades and orthopedic bone saw blades where sharpness and edge retention are important.

Key segments covered

Segment

Sub-segment

Type

  • Plane Target
  • Rotating Target

Deposition Technique

  • Physical Vapor Deposition Evaporation
  • Sputtering
  • Ion Plating
  • Chemical Vapor Deposition

Application

  •     Display Industry
  •     Solar Energy Industry
  •     Automobile Industry
  •     Other

 

Key benefits of the report

  • This study presents the analytical depiction of the global titanium nitride industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global titanium nitride market share.
  • The current market is quantitatively analyzed from 2019 to 2027 to highlight the global titanium nitride market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.

Questions answered in the global titanium nitride market research report:

  • Which are the leading market players active in the global titanium nitride market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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