The global titanium nitride coating market size is expected to reach USD 8.29 Billion in 2028, according to latest analysis by Emergen Research. Increasing demand for wear- and corrosion-resistant coatings and materials for manufacturing cutting tools, medical devices, and food processing equipment, rising investment in research and development of various nano-coatings as well as nano-materials are some key factors supporting market revenue growth.

The report discusses in detail the growth opportunities, challenges, market drivers and restraints, limitations, threats, and demands of the Titanium Nitride Coating market. The study further assesses the regional market as well as the international market to garner an insight into the scope of the market. The report also offers estimations and predictions about the market segment and sub-segments exhibiting promising growth in the forecast timeline. The report also provides deeper insights into the technological advancements, industrial landscape, and emerging product and technological developments in the Titanium Nitride Coating market. It offers fruitful insights into the business sphere to help businesses capitalize on the lucrative growth opportunities.

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Titanium nitride has excellent properties including high heat resistance, hardness, good corrosion resistance, and wear resistance properties. In addition, it is also electrically conductive, non-oxidizing, and non-toxic in nature. Titanium nitride is widely used in manufacturing of cutting tools as it offers hardness and high oxidation resistance properties, and is also used to coat surgical instruments and dental and medical implants due to its non-toxic nature.

Application of titanium nitride can be done by different methods such as by physical vapor deposition, chemical vapor deposition, sputtering, and ion plating. Physical deposition is a commonly used method as it offers better erosion resistance.

Some Key Findings From the Report:

In July 2020, FX Shoulder, Inc. received 510k clearance for its titanium nitride coated shoulder arthroplasty cups, humeral heads, and glenospheres. This product helped FX Shoulder to reach a broader market and offer surgeons more shoulder arthroplasty solutions to address patient requirements.

Physical vapor deposition segment revenue is expected to register an 8.5% CAGR throughout forecast period. Physical vapor deposition offers improved erosion resistance property.

Europe is expected to register moderate growth throughout forecast period. Rising demand for high-quality cutting tools and equipment and rapid development in aircraft industry are key factors driving 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.

Segmental Analysis

The global Titanium Nitride Coating market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Titanium Nitride Coating sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.

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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:

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

Regional Analysis of the Titanium Nitride Coating Market:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Rapid Business Growth Factors

In addition, the market is growing at a fast pace and the report shows us that there are a couple of key factors behind that. The most important factor that’s helping the market grow faster than usual is the tough competition.

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Key Points of Titanium Nitride Coating Market:

Extensive coverage of the analysis of the Titanium Nitride Coating market

Key insights into the regional spread of the industry in key geographies

Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market

Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Titanium Nitride Coating market

Complete data about the key manufacturers and vendors in the Titanium Nitride Coating market

Read More: https://www.emergenresearch.com/industry-report/titanium-nitride-coating-market

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