A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Zirconium
Nitride
Market. The
study, titled “Zirconium
Nitride Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2017 - 2025”,
is available for sale on the firm’s website.
Zirconium
nitride, also known as nitridozirconium, is an inorganic compound
used in a variety of ways due to its properties. Its chemical formula
is ZrN. The compound can be obtained through physical vapor
deposition (PVD). Zirconium nitride is a light gold similar to
elemental gold. Its room temperature electric resistivity is 12 micro
ohm centimeter. It has high melting point i.e. 2,980°C. The hardness
of a single crystal of zirconium nitride is between 21.0 GPa and 24.4
GPa. Its elastic modulus is 450 GPa (giga pascal). Zirconium nitride
is a hard ceramic material, which is similar to titanium nitride.
Zirconium nitride is also similar to cement as a refractory material.
Due to its properties, it is employed in refractories, cermets, and
laboratory crucibles. Zirconium nitride is commonly used for coating
industrial drill bits, automotive and aerospace components, and
medical devices that are subjected to high wear and corrosive
environments. Zirconium nitride coatings are deposited by using the
physical vapor deposition process.
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Market Research Report @
After
deposition, it takes the form of yellow crystalline powder or an
attractive, pale-golden-colored coating. Tools coated with zirconium
nitride are suitable for non-ferrous metal applications such as
machining of aluminum alloys, copper alloys such as brass, and
titanium. Zirconium nitride has been suggested as a liner for
hydrogen peroxide fuel tanks for rockets and aircrafts. Increasing
industrial activities, especially in Asia Pacific, are projected to
be a major driver for the zirconium nitride market during forecast
period. However, the availability of substitutes and risks associated
with the transportation of zirconium nitride may hamper the overall
growth of the market in the near future.
Based
on application, the zirconium nitride market has been segmented into
industrial cutting tools, automotive, medical devices, aerospace, and
others (including refractories). Industrial cutting tools was a major
segment of the market in 2016. However, the automotive segment is
anticipated to register a higher CAGR than other application segments
during the forecast period. Increasing use of automobiles in emerging
economies such as India and China and excellent corrosion resistance
of zirconium nitride are factors anticipated to drive the market
during the forecast period. The industrial cutting tools segment is
anticipated to continue to dominate the market during the forecast
period. Tooling is required on a constant basis for different
applications such as metal cutting, milling, and drilling. In order
to avoid wear and tear of cutting tools and increase their life,
coating is applied. This is the key factor expected to drive the
industrial cutting tools segment during the forecast period.
Asia
Pacific held a major share of the global zirconium nitride market in
2016 and the trend is anticipated to continue during the forecast
period. Countries in Asia Pacific such as India and China have
become large hubs for a majority of the industries. Increasing use of
automobiles in the region and the ‘Make in India’ industrial
development program undertaken by the government of India to enhance
the growth of small & medium enterprises (SMEs) are the major
factors likely to drive the market for zirconium nitride during the
forecast period. The market in Asia Pacific is anticipated to witness
significant growth during the forecast period, owing to increase in
manufacturing activities in sectors such as automobile, aerospace,
and medical devices in the region. The markets in Europe and Latin
America are likely to witness sluggish growth during the forecast
period. Gloomy economic conditions in these regions have hindered the
overall growth of manufacturing activities. This, in turn, is
projected to negatively affect the zirconium nitride market in the
two regions during the forecast period.
The
global zirconium nitride market is highly consolidated with a few
players operating in the market. Key players operating in the market
include Reade Advanced Materials, Armor Coated Technology, Richter
Precision Inc., Five Star Fabrication Inc., and H.C. Starck.
Get
accurate market forecast and analysis on the Zirconium Nitride
market. Request a sample to stay abreast on the key trends impacting
this market@
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
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Us
Transparency
Market Research (TMR) is a market intelligence company, providing
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of quantitative forecasting and trends analysis provides
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and analyze information.
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data repository is continuously updated and revised by a team of
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information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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