The competitive landscape of the titanium nitride coating market consists of different strategies undertaken by major players across the entire value chain to gain market presence. Some of the strategies adopted by titanium nitride coating manufacturers are expansion, product launches, contracts and agreements, partnerships, and collaborations. Among all the strategies adopted, expansion has been the leading choice of manufacturers to increase their overall global footprint. IHI Ionbond AG, Vergason Technology, Inc, and Oerlikon Balzers, are some of the leading players in the global TiN coating market.
Most of the TiN coating manufacturers have numerous tie-ups with various automotive OEMs and cutting tools suppliers. The industry landscape is quite competitive because of the large number of players in the market. Therefore, innovation and development have been the key factors for large-scale growth in this market. Moreover, coating manufacturers are also entering into strategic partnerships to increase their sales.
The manufacturing sector is a major part of the global economy. As a result, governments throughout the world mainly focus on boosting the manufacturing sector. Certain initiatives in developing economies to stimulate the manufacturing sector include Made in China (MIC) 2025 and Make in India. MIC 2025 is the first stage of a larger three-step plan to transform China into a prominent manufacturing powerhouse by using smart or innovative manufacturing technologies. Additionally, Make in India is an initiative launched in 2015 to promote the production of goods in India. The initiative aims to decrease India's dependency on exporting countries by producing goods within the country. However, after the coronavirus outbreak, the global FDI inflows have seen strong decline.
The COVID-19 pandemic has intensely impacted the global economy, especially the manufacturing sector. This is largely due to the disruption of the supply chain and manufacturing in China. Due to the pandemic various manufacturing facilities are either temporarily shut down following the orders issued by local governments or are running with trifling staff at production units for safety purposes. Slowed down manufacturing across Europe, halt in exports of Chinese parts, and the closure of factories in the U.S. have profoundly harmed the sector globally. Problems in the material supply, owing to supply shortages from China, have largely affected machine tool manufacturers. The crisis has also enormously impacted liquidity, demand, supply, and production. Moreover, decline in consumer demand has also been witnessed. The spending on R&D is likely to reduce, as toolmakers will conserve capital for future prospect. As a result, revenues have fallen around the world.
With the rise in products that are repetitively used by consumers globally, the coating industry has undergone tremendous evolution with the advent of titanium nitride (TiN) coatings. The usage of these coatings has become a necessity in maintaining the durability of a product, over time, leading the manufacturers to use different thin-film coatings and add new properties to their products to distinguish their products in the competitive market.
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The report is constituted of an extensive study of the TiN coating market. The report includes a thorough analysis of various TiN coating types, such as PVD and CVD, along with their application areas. The research is based on extensive primary interviews (in-house experts, industry leaders, and market players), and secondary research (a host of paid and unpaid databases), along with the analytical tools that have been used to build the forecast and predictive models.
In-depth study on Ceramic Armor Market 2020 report offers market share, size, growth rate, statistics, and revenue trends data at country, region and global level along with competitive benchmarking analysis of key market players, detailed analysis of key market growth drivers, restraints, opportunity, trends along with COVID-19 impact analysis: ReportCrux Market Research.ReportCrux Market Research has published a new report titled "Ceramic Armor Market by Material Type (Silicon Carbide, Alumina, Aluminium Nitride, Ceramic Matrix Composite, Boron Carbide and Others); by Application (Vehicle Armor, Marine Armor, Body Armor, Aircraft Armor and Others): Global Forecast, 2020 - 2027".Ceramic Armor Market Size:According to the report, global demand for ceramic armor market was valued at approximately USD 1.92 Billion in 2019 and is expected to generate revenue of around USD 3.38 Billion by end of 2027, growing at a CAGR of around 7.4% between 2020 and 2027.Market Overview:Ceramic armors are majorly used in personal armors and armored vehicles and help resist the projectile penetration.
Ceramic armors offer compressive strength, hardness and are lightweight as compared to metal alloy armors.
Major companies are focusing on further improvements in the ballistic performance through optimization of ceramic properties and characteristics.
A large number of variations can include use of multipiece or perforated ceramic components, low temperature ceramic bonding to achieve high performance, functional gradation of microstructures etc.Armor design and modelling continues to be important and crucial step in the development of improved and lighter armor materials.
The research is expected to continue at a moderate pace owing to increasing demand for more efficient and lightweight armor configurations to deal with variety of threats.Segmental Analysis:The global market for the ceramic armor is segmented based on into the material type, application and region.Based on the Material Type, the global market is segmented into Alumina, Silicon Carbide, Ceramic Matrix Composite, Boron Carbide, Aluminium Nitride and Others.
Silicon Carbide material type segment was the largest segment in 2019 whereas Boron Carbide segment will showcase fastest growth in the coming years due to its superior properties.Based on the Application, the global market is segmented into Body Armor, Vehicle Armor, Aircraft Armor, Marine Armor and Others.
