What is Titanium Nitride Coatings?
Titanium Nitride Coatings is a titanium-nitrogen compound. The compound is particularly well-known for its strong chemical and thermal stability, as well as its high micro hardness. It's most typically utilised as a coating agent on alloys, steel, carbide, and aluminium surfaces. Titanium Nitride is a decorative coating for metals that also protects them from scratches. Extensive research and investments in the advanced material science technology has also led to significant growth of the titanium nitride coatings market. Increasing Demand from end user industry too has played a major role in the rise of the market. Currently, due to rapid industrialisation in the region, Asia Pacific accounts for largest market share.
The market study is broken down by Type (Plane Target and Rotating Target), by Application (Display Industry, Solar Energy Industry, Automobile Industry and Others) and major geographies with country level break-up.
The improvements in advanced materials and surface technology has led to growth of the titanium nitride coatings market. The compound is specifically preferred because of its unique properties. The market of titanium nitride is expected to grow due to rapid industrialisation and the compound’s vast industrial applications. Geographically, Asia Pacific is expected to be largest market of the titanium nitride coatings. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bunty LLC (United States), Ion Vacuum Technologies Corp., SADOSA S.A. de C.V. (Mexico), Lesker (United Kingdom), OC Oerlikon (Switzerland), Beijing Guanli (China), BryCoat Inc. (United States), Northeast Coating Technologies. (United States), Surface Engineering Technologies LLC (United States) and IHI Ionbond AG (Switzerland) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Acree Technologies Inc. (United States), Richter Precision, Inc. (United States) and SurfTech (United States).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Titanium Nitride Coatings market by Type, Application and Region.
On the basis of geography, the market of Titanium Nitride Coatings has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel , the sub-segment i.e. Direct will boost the Titanium Nitride Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Processing Technique , the sub-segment i.e. Physical Vapor Deposition Evaporation will boost the Titanium Nitride Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Trend
- Healthcare Equipment such as Surgical Devices are Accounting for Significant Portion of the Application especially due to Recent Surge in Investments in Healthcare Sector
Market Drivers
- Higher Investments in Research and Development of the Advanced Material Science
- Rapid Industrialisation has led to Increasing Demand from End User Industries
Opportunities
- Asia Pacific with many Emerging Economies and Rapid Industrialisation Provides Promising Prospects
Restraints
- Emergence of Other Alternative Alloys and Advanced Materials
Challenges
- Manufacturing Costs of the Titanium Nitride is High Due to Complex Processes and Skilled Professionals Involved
Key Target Audience
Titanium Nitride Coatings Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.