Titanium Nitride Coatings Market: Introduction
Titanium nitride coating is a thin ceramic layer applied on the surface of aluminum, titanium alloys, steel and other materials to enhance the surface properties of the substrate. Titanium nitride coatings are very hard & durable in nature, have high stability at room temperature, and also have excellent corrosion and wear resistance properties. Titanium nitride can be prepared by directly reacting Titanium or titanium hydrogen powder with nitrogen at 1200oC. Further the material can be applied to various surfaces by several techniques such as physical vapor deposition or chemical vapor deposition etc. Titanium nitride coatings are used in a wide range of applications such as cutting tools, dies and injection molding equipment, in the medical device manufacturing and many more areas.
Titanium Nitride Coatings Market: Dynamics
The growing demand of corrosion and wear resistant coatings & materials for the manufacturing of surgical devices and food processing equipment is expected to give significant boost to the titanium nitride coating usage due to its nontoxic nature. Further, titanium nitride coatings consumption is anticipated to increase owing to the increasing demand of high quality machine tools, press and injection molding equipment form end use industries such as, chemicals, automobile, paints and coatings, printing and many more. Again, due to its metallic gold color, titanium nitride coatings can be employed to coat gold jewelry and forks of bicycles and motorcycles.
The demand of titanium nitride coating is increasing in the orthopedic industry, since these coatings are biocompatible and also reduce the release of metal ions into patient’s joint space. Moreover, massive investment in Research and Development for various Nano-materials as well as Nano-coatings will boost the titanium nitride coatings market in the near future. Yet, titanium nitride coatings are expensive and require professionals to carry out the process which may lead to high initial capital, which can restrain the application of titanium nitride coatings to a certain extent.
Titanium Nitride Coatings Market : Covid-19 Impact Assessment
The ongoing covid-19 pandemic has immensely impacted the global economy, specially the manufacturing sector because of the disruption of supply chain and reducing demand. The same has been observed in chemicals and material industries, where decrease in the production of tools, machinery and equipment in the initial quarters of 2020 has impacted the growth of titanium nitride coating market to a tepid rate. However, the initiatives taken by the regional governments to recover the economic growth and to improve the performance of the manufacturing sector is expected to drive the growth of titanium nitride coating market in the coming quarters.
Titanium Nitride Coatings Market: Segmentation
Globally the diverse market of titanium nitride coatings can be segmented into two major categories, by preparation method and by end use applications
On the basis of preparation method, the global titanium nitride coatings market is segmented as:
On the basis of end use application, the global market of titanium nitride coatings is segmented as:
Titanium Nitride Coatings Market: Regional Outlook
In Asia-Pacific region, considerable demand from the countries such as, China, Japan, India, South Korea and Vietnam etc. is anticipated to create greater opportunities for titanium nitride coatings market due to the growing industrial activities in the field of aircraft and aerospace, medicine and high quality tools. China and Japan are the most prominent regions in titanium nitride coatings market owing to the technological advancements, domestic policies and ample investment in R & D.
Increase in the production of food processing machinery and pharmaceutical equipment with a growing aerospace and aircraft industries and rising demand for high quality cutting tools is expected to create significant opportunities for titanium nitride coatings market in North America and Europe. Latin America, Middle East and Africa is predicted to show a moderate growth in the coming years, however with the increase in industrial activity and rise in research would augur well to raise the demand for titanium nitride coating in these regions.
Titanium Nitride Coatings Market: Key Participants
Some of the prominent participants in the global market of Titanium Nitride Coatings, identified across the value chain include:
The research report on the Titanium nitride coatings market presents a broad evaluation containing thoughtful insights, facts and figures, historical data, statistically supported and industrial validated market information. The Titanium nitride coatings market report also consist of projections using a suitable set of assumptions and methodologies. The report provides analysis and information according to market segments such as geography, grade, type, and applications.
The report covers exhaustive analysis on:
Regional analysis includes:
The global Titanium Nitride Coatings market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on Titanium Nitride Coatings market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.