Titanium Nitride Coating Market Analysis, Competitive Strategies And Forecast 2019-2025

Industry analysis by BIS Research suggested that the global titanium nitride coating market gained an overall market volume of 18,285.1 tons in 2019 and is estimated to generate 24,144.1 tons by 2025 while registering a CAGR of 9.08% during the forecast period 2019-2025.

Read Titanium Nitride Coating Market Report Overview at: https://bisresearch.com/industry-report/titanium-nitride-coating-market.html

The research study focuses on putting forward a clear picture of the current consumption and future outlook of different titanium nitride coatings used in cutting tools, aerospace components, and medical devices, among others. Furthermore, the report also covers the various synergistic activities between OEMs and suppliers, and the growth opportunities classified on the basis of applications, products, and regions.

Several factors, such as the increasing requirement for performance improvement and life elongation in the aerospace industry, premature failures of tools, and strict restrictions imposed on hard chrome plating, are supporting the growth of this emerging technology market. However, non-uniform pricing of titanium nitride coating and the availability of other alternative coatings have limited the growth curve in various regions.

Based on the product type, the physical vapor deposition (PVD) coating method is expected to dominate the global titanium nitride coating market. These PVD coatings are mostly used for cutting tools and offer a lubricious, harder, and wear-resistant surface to the coated tools, thereby increasing the tool life by ten times the life of uncoated tools.

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On the basis of region, the Asia-Pacific & Japan (APJ) region holds a significant share in the global market for titanium nitride coatings. Developing and developed economies such as South Korea, Taiwan, Japan, and India, are identified as leading markets in the market. The North American region accounts for the second-largest market share due to the presence of major titanium nitride coating manufacturing companies and increasing government initiatives in the region.

Due to the unexpected COVID-19 pandemic, the titanium nitride coatings market took a severe hit as several manufacturing facilities were temporarily shut down or running with trifling staff at production units. Slowed down manufacturing across Europe, halt in exports of Chinese parts, and the closure of factories in the US have profoundly harmed the sector globally. However, the market is expected to rebound faster as several regions have resumed production activities and invested in technologies that will propel market growth in the coming future.

Key Questions Answered in the Report:

• What are the key drivers and challenges in the titanium nitride coating market?

• How does the supply chain function in the titanium nitride coating market?

• Which titanium nitride coating market type segment is estimated to witness the maximum demand growth in the global titanium nitride coating market during 2019-2025?

• Which are the key application areas from which different titanium nitride coating market types are expected to experience high demand during the forecast period, 2020-2025?

• Which key players are catering to the demand for different titanium nitride coatings?

• What are the strategies adopted by market players involved in the global titanium nitride coating market?

• What are the key offerings of the prominent companies in the titanium nitride coating market?

• Which regions and countries are leading in terms of consumption of global titanium nitride coatings, and which of them are estimated to witness high demand growth from 2019 to 2025?

• What is the impact of COVID-19 on the supply chain of the titanium nitride coating market?

• What are the key consumer attributes in various regions for titanium nitride coating market?

• What is the market landscape for titanium nitride coating market?

Here is another market report related to this sector by BIS Research – global next-generation anode materials market: https://bisresearch.com/industry-report/next-generation-anode-materials-market.html

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About BIS Research:

BIS Research (Business Intelligence and Strategy Research) is a global B2B market intelligence and advisory firm focusing on those emerging technological trends which are likely to disrupt the dynamics of the market.

With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D Printing, Advanced Materials and Chemicals, Aerospace and Defense, Automotive, Healthcare, Electronics and Semiconductors, Robotics and UAV, and other emerging technologies.

Our in-depth market intelligence reports focus on the market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.

What distinguishes BIS Research from the rest of the players is that we not only provide data but also complement it with valuable insights and actionable inputs for the success of our clients.

This release was published on openPR.