Global Titanium Nitride Coating market is expected to grow at a CAGR of 8% during 2021-2026

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. The market growth attributes to the increasing demand for high-quality tools and injection molding equipment across various end-use industries, including chemicals, paints & coatings, automobiles, printing, etc.

The snowballing demand for titanium nitride coatings in the motor race industry for coating components like valves, connecting rods, bearings, and other sliding surfaces is likely to propel the global titanium nitride market in the forecast timeline.

Titanium nitride coatings are expensive and require skilled labor to perform the coating process, which results in the need for high initial capital. Thus, these factors are likely to restrain the market growth over the forecast period.

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Key questions answered in the study
1. What are the current and future trends in the Global Titanium Nitride Coating market?
2. How has the industry been evolving in terms of geography and services adoption?
3. How has the competition been shaping across the countries, followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Global Titanium Nitride Coating market?
5. What are the customer orientation, purchase behavior, and expectations from the Global Titanium Nitride Coating market service providers across various regions?

Impact of COVID-19
The sudden outbreak of the COVID-19 pandemic has intensely impacted the overall global economy. The global titanium nitride coating market has also been adversely affected due to the lockdown imposed, temporary shutdown of the manufacturing sector, disruption in logistics & supply chain, and reduction in demand amidst the spread of the pandemic.

However, the initiatives taken by the governments to resume the economic growth and enhance the performance of the production units is likely to drive the titanium nitride coating market in the forecast timeline.

For detailed analysis visit: https://www.marknteladvisors.com/research-library/global-titanium-nitride-coating-market.html

“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 opportunities available 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.

Europe Region Likely to show Significant Growth
Globally, Europe is likely to grow at a considerable rate in the global Titanium Nitride Coating Market during the forecast period due to the presence of leading automotive manufacturing industries in the region. Therefore, the consumption of titanium nitride coating is high for coating the automobile components, including bearings, hubs, valve gears, and wearing surfaces. Thereby, this 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 OC Oerlikon, Ion Vacuum (IVAC) Technologies, Corp., Bunty LLC, SADOSA, SA de CV, PVD Titanium Coating (M) Sdn Bhd, Acree Technologies Inc., Brycoat Inc., Northeast coating Technologies, Beamalloy Technologies, LLC, and Nissin Electric Co., Ltd.

Market Segmentation:
1. By Deposition Technique (Physical vapor Deposition, Chemical Vapor Deposition (CVD), Ion Plating, Sputtering)
2. By Application (Cutting tools, Aerospace and Aircraft Components, Medical Devices & Equipment, Injection molding equipment, Decorative Products, Others)
3. By Region (North America, Latin America, Europe, Asia-Pacific, Middle East & Africa)
4. By Country (U.S, Canada, Brazil, Argentina, Mexico, Germany, France, The UK, Italy, China, India, Japan, Australia, South Korea, UAE, Saudi Arabia, South Africa)
5. By Competitors (Bunty LLC, Ion Vacuum (IVAC) Technologies, Corp., SADOSA, SA de CV, OC Oerlikon, Acree Technologies Inc., PVD Titanium Coating (M) Sdn Bhd, Brycoat Inc., Beamalloy Technologies, LLC, Nissin Electrics co., Ltd., Northeast coating Technologies)

MarkNtel Advisors
1147 88AVE, Delta, British Columbia, BC,V4C,3B8, CANADA
Email: sales@markntelgroup.com
Tel: +1613-707-5086
Website: https://www.marknteladvisors.com

MarkNtel Advisors
1147 88AVE, Delta, British Columbia, BC,V4C,3B8, CANADA
Email: sales@markntelgroup.com
Tel: +1613-707-5086
Website: https://www.marknteladvisors.com

This release was published on openPR.