Zirconium Nitride Market - Global Industry Analysis, Size, Share, Growth 2025 | Reseearch Report
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.
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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. 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.
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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
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