Vancouver, British Columbia, May 03, 2021 (GLOBE NEWSWIRE) -- The global titanium nitride coating market size is expected to reach USD 8.29 Billion in 2028 and register a steady revenue growth of 17.8% over the forecast period, according to latest analysis by Emergen Research. Market revenue growth is expected to be supported robustly by rapidly increasing demand for high-quality tools, injection molding equipment from various end-use industries such as automobile, chemicals, paints and coatings, and printing, as well as increasing requirement of corrosion-resistant coatings and materials for manufacturing of surgical devices and food processing equipment. Titanium nitride, also known as TiN or tinite, is a kind of extremely hard material, which is used to coat various substrates such as aluminum, steel titanium alloys, and carbide. Titanium nitride coating helps to improve some physical properties of substrates such as impart hardness, low electrical resistivity, high corrosion resistance, and thermal stability.
Claim Your FREE Sample Copy with Table of content@ https://www.emergenresearch.com/request-sample/637
A thin layer of titanium nitride can be applied on substrates through various deposition methods including physical vapor deposition, sputtering, ion plating, and chemical vapor deposition. Demand for titanium nitride coating is rising in medical device and food processing equipment manufacturing industries due to its non-toxic nature. titanium nitride is also used to coat jewelry, forks of bicycles and motorcycles, and automobile trims.
Further Key Findings from the Report:
- In January 2020, BUBBA launched new line of fishing shears. These shears are equipped with non-slip grip handles and titanium-nitride coated blades.
- Titanium alloys segment is expected to register a relatively faster revenue CAGR throughout forecast period. This can be attributed to increasing application of titanium in aircraft industry due to unique physical properties such as strength, lightweight, and toughness.
- North America accounted for a 31.5% revenue share in the global titanium nitride coating market in 2020. Rising application of titanium nitride coating in pharmaceutical and food processing equipment manufacturing industries, rapid development of aerospace industry, and increasing demand for high-quality cutting tools are fueling revenue growth of the market in this region.
- Key players operating in the market are Acree Technologies Inc., BryCoat Inc., Beamalloy Technologies, LLC, IHI Ionbond AG, Northeast Coating Technologies, Richter Precision, Inc., SurfTech, Surface Engineering Technologies LLC, Techmetals, Inc., and Vergason Technology, Inc.
Check Our Prices@ https://www.emergenresearch.com/select-license/637
For the purpose of this report, Emergen Research has segmented the global titanium nitride coating market based on deposition technique, surface material, application, target type, and region as follows:
- Deposition Technique Outlook (Revenue: USD Billion; 2018–2028)
- Physical Vapor Deposition
- Sputtering
- Ion Plating
- Chemical Vapor Deposition
- Surface Material Outlook (Revenue: USD Billion; 2018–2028)
- Titanium Alloys
- Steel
- Carbide
- Aluminum
- Application Outlook (Revenue: USD Billion; 2018–2028)
- Cutting Tools
- Aircraft
- Medical
- Decorative
- Target Type Outlook (Revenue: USD Billion; 2018–2028)
- Plane Target
- Rotating Target
Click to access the Report Study, Read key highlights of the Report and Look at Projected Trends: https://www.emergenresearch.com/industry-report/titanium-nitride-coating-market
- Regional Outlook (Revenue: USD Billion; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- BENELUX
- Italy
- Spain
- Switzerland
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of MEA
- North America
Take a Look at our Related Reports:
Spherical graphite market size was valued at USD 2,435.8 Million in 2019 and is forecasted to reach USD 9,598.8 Million by 2027 at a CAGR of 18.6%. The spherical graphite market is observing a double-digit growth attributed to its increasing usage in lithium-ion battery production.
Sodium dichromate market size was valued at USD 759.2 Million in 2019 and is forecasted to reach USD 1,242.4 Million by 2027 at a CAGR of 6.3%. The sodium dichromate market is observing high demand attributed to its increasing application in pigment, metal finishing, chromium compounds preparation, leather tanning, and wood preservative.
Acoustic insulation market size was valued at USD 12.94 Billion in 2019 and is forecasted to reach USD 19.64 Billion by 2027 at a CAGR of 5.3%. The acoustic insulation market is observing high demand attributed to its increasing application in building & construction, automotive, aerospace, and manufacturing.
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Facebook | LinkedIn | Twitter | Blogs
Read Full Press Release: https://www.emergenresearch.com/press-release/global-titanium-nitride-coating-market