Transparency Market Research (TMR) provides key insights on the titanium nitride market in its latest report titled “Titanium Nitride Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026. ” According to the report, rising popularity of titanium nitride as a coating material in the machine tools industry to improve the life and performance of cutting and press tools is predicted to drive the titanium nitride market during the forecast period.
Titanium nitride is an extremely hard ceramic material, which is also known as tinite. It is often used as a thin coating on substrates such as aluminum, titanium alloys, and steel in order to improve surface properties. Titanium nitride possesses excellent characteristic features such as high hardness, high heat resistance, good corrosion resistance, low friction, and excellent wear resistance. In addition, it is non-toxic, electrically conductive, non-oxidizing, harder than carbide, and with high compressive strength.
Titanium nitride is used in a wide range of applications such as cutting tools, as it has high oxidation resistance and hardness. Being non-toxic in nature, titanium nitride is utilized in medical surgical devices and food processing equipment. Due to its metallic gold color, it is employed to coat gold jewelry, forks of bicycles and motorcycles, and automobile trims (for decoration purpose). It is used in aerospace components, plastic molding tools (especially, high-finish tools), and press tools as well as in stamping, punching, and cold forming.
The report has segmented the global titanium nitride market in terms of deposition technique and application. Based on deposition technique, the market is divided into physical vapor deposition (PVD) evaporation, sputtering, ion plating, and chemical vapor deposition (CVD). Physical vapor deposition (PVD) evaporation is the most widely used deposition method, as it offers improved erosion resistance led by increased hardness, higher toughness, and reduced compressive strength.
In terms of application, the market is segregated into automotive, machine tooling, medical, and others. Machine tooling is a leading application segment of the global titanium nitride market. However, due to its non-toxic nature, titanium nitride is gaining popularity in medical applications as well. Prominent players operating in the global titanium nitride market are included in this report to give a better competitive analysis and these are Bunty LLC, Ion Vacuum (IVAC) Technologies, Corp. , SADOSA S. A.de C. V. , and OC Oerlikon.
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