According to the MarkNtel Advisors' research report, "Global Titanium Nitride Coating Market Analysis, 2021," the market is likely to grow at a CAGR of 8% during 2021-26. Titanium nitride coating forms a barrier between the substance's surface and the external environment. It offers benefits, including high hardness, superior resistance to corrosion, low friction, high resistance to heat, and enhanced wear resistance.
Additionally, it has a high tolerance to oxidation and is more arduous than carbide. Therefore, its primary use is for cutting instruments. Further, titanium nitride, being non-toxic, is the most preferred material for medical equipment & devices to maintain its safety.
Key questions answered in the study
Chemical Vapor Deposition Exhibits Fastest Growth
Based on the Deposition Technique, the market bifurcates into Physical Vapor Deposition, Chemical Vapor Deposition (CVD), Ion Plating, and Sputtering. The Chemical Vapor Deposition (CVD) segment is likely to grow at a robust rate during the forecast period. Chemical vapor deposition involves the reaction of a volatile precursor injected into a vacuum chamber.
It exhibits benefits like resistance to low, high and extreme temperature variations. Moreover, even the optimization of precursor gas is possible for high lubricity, corrosion resistance, and chemical inertness. These features aid the segment growth that further propels the overall market growth.
"Global Titanium Nitride Coating Market Analysis, 2021" provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and available opportunities for Titanium Nitride Coating providers across the globe.
Moreover, the report also encompasses the key strategic imperatives for the competitors' success and strategic factorial indexing measuring competitors' capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.
Asia-Pacific Exhibits Fastest Growth
The Asia-Pacific is likely to register the fastest growth in the Global Titanium Nitride Coating market during 2021-26 due to the surging economy and industries in the region. Additionally, with the rising automotive sector in emerging economies of India, Malaysia, and Indonesia, the demand for titanium nitride coating also increased because of its corrosion & wear & tear-resistance properties. Thereby, the region is likely to contribute to the growth of the global Titanium Nitride Coating market in the forecast period, reveals MarkNtel Advisors in their research report "Global Titanium Nitride Coating Market Analysis, 2021."
According to MarkNtel Advisors, the key industry leaders in the global Titanium Nitride Coating market are Ion Vacuum (IVAC) Technologies, Corp., Bunty LLC, OC Oerlikon, Acree Technologies Inc., SADOSA, SA de Cv, PVD Titanium Coating (M) Sdn Bhd, Brycoat Inc., Beamalloy Technologies, LLC, Northeast coating Technologies, and Nissin Electric co., Ltd.