According to the MarkNtel Advisors' research report, "Global Titanium Nitride Coating Market Analysis, 2021," the market is likely to grow at a CAGR of around 8% during 2021-26.
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Key Findings of the Study: Titanium Nitride Coating market
Surging Use of the Titanium Nitride Coating across Various End-User Boosting the Market Growth
The titanium nitride coating, widely used across various end-user industries, such as chemicals, paints & coatings, automobiles, etc., offers exclusive properties, including corrosion & wear-resistant and higher toughness & hardness. Further, Titanium nitride coatings have gained popularity as surface treatments for industrial components and manufacturing of high-quality tools, thereby fueling the market growth.
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Scope of the Report and Titanium Nitride Coating Market Segmentation:
By Deposition Technique
- Physical vapor Deposition
- Chemical Vapor Deposition (CVD)
- Ion plating
- Sputtering
By Application
- Cutting tools
- Aerospace and Aircraft Components
- Medical Devices & Equipment
- Injection molding equipment
- Decorative Products
- Others
Among these segments, Physical Vapor Deposition acquired the largest share in the Global Titanium Nitride Coating Market in 2019.
Geographical Analysis:
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Geographically, North America held the largest market in the Global Titanium Nitride Coating Market in 2019 due to the burgeoning production of food processing machinery & pharmaceutical equipment in the region.
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