In 2021, Automotive Parts Segment is Expected to dominate the Global Anti-Friction Coatings Market

Low friction coatings improve performance and service life while minimizing the requirement for wet lubricants in working circumstances requiring resistance to heat, chemicals, or cleanroom conditions. Low-friction coatings reduce the likelihood of particles sticking to and being picked up from the counter surface, resulting in reduced cleaning time. As a result, anti-adhesive compounds may be used less frequently while developing tool programs. Low-friction coatings have been increasingly popular in recent years to improve surface qualities such wettability, corrosion resistance, adhesion, and wear resistance.   ​

Global anti-friction coatings market is expected to reach USD 1,569,387.00 thousand by 2028 from USD 894,725.60 thousand in 2020, with a CAGR of 7.9 % in the forecast period of 2021 to 2028. Because of its potential to improve surface qualities such as wettability, corrosion resistance, adhesion, and wear resistance, low-friction coatings have become increasingly popular in recent years. The expanding use of low-friction coatings in a range of industries is expected to fuel market expansion in the near future. In addition, makers of low-friction coatings are developing new solutions to fulfill the increased need for application-specific goods. As environmental restrictions on the use of lubricants tighten and disposal costs grow, low friction thin film coatings, which allow surfaces to rub against one another with less friction and wear, are becoming more popular.   

Growing demand in industrial applications will drive the market's growth rate

Anti-friction coatings are a type of lubricant solution that is similar in formulation to common industrial paints. It comprises of solid lubricants and resins as solvents. The main components of solid lubricants are molybdenum disulphide, polytetrafluoroethylene (PTFE) and graphite. These coatings are also used as dry lubricants in automotive industry. This is driving the growth of the market. Increased expenditure by public and private players on infrastructure development will also promote the market growth rate. Continuous research and development pertaining to the deployment of advanced technologies will yet again widen the scope of growth.  

Report Scope and Market Segmentation

Segment Analysis:

Global anti-friction coatings market is segmented into four notable segments which are based on product, nature, application, and end use in the market.

• On the basis of product, the global anti-friction coatings market is segmented into MOS2, PTFE, Graphite, FEP, PFA, and TUNGSTEN SIDULFIDE. In 2021, MOS2 segment is expected to dominate in the global anti-friction coatings market with 24.67% market share due to increased usage of MOS2 coatings in automotive sector as coatings for interior engine parts. In Asia-Pacific, the demand for MOS2 based coating is higher in China and India owing to increasing usage of these coatings in the automotive sector as lubricating oils.
• On the basis of nature of coatings, the global anti-friction coatings market is segmented into solvent based and water based. In 2021, solvent based segment is expected to dominate in the global anti-friction coatings market with 74.99% market due to increased industrial usage of solvent based coatings in aerospace and food technology sectors. In Asia-Pacific, the demand for solvent based coating is increasing in China and India as usage of these coatings is high in the automotive sector in the region.

Solvent based segment will dominate the nature of coatings segment of the nature of coatings market

The solvent based segment will emerge as the dominating segment under nature of coatings in 2021. This is because of the growing number of direct tenders in the market especially in the developing economies. Further, growth and expansion of the end user industries all around the globe will further bolster the growth of this segment.

• On the basis of application the global anti-friction coatings market is segmented into automotive parts, power transmission items, bearings, ammunition components, valve components & actuators, and others. In 2021, automotive parts segment is expected to dominate the global anti-friction coatings market with 36.81% market share owing to increasing application of anti-friction coatings the automotive industry to prevent corrosion, noise, dry lubrication, and . The Asia-Pacific automotive segment dominates in china, India due to the increasing usage of anti-friction coatings in the automotive industry.
• On the basis of end user, global anti-friction coatings market can be segmented into automotive, aerospace, marine, construction, healthcare, and others. In 2021, the automotive segment is expected to dominate the global anti-friction coatings market with 34.98% market share due to increased use of anti-friction coatings to reduce noise and vibration in vehicles. In Asia-Pacific, the demand for anti-friction coatings is increasingly consistently in automotive segment as these coatings are used as protective coatings in automotive spare parts. In Europe, the demand for anti-friction coatings is surging in the automotive segment as anti-frictional coatings are used in the production of electrical vehicles in the region.

Automotive segment will dominate the end user segment of the protective gloves market

Automotive will emerge as the dominating segment under distribution channel in 2021 with approximately 35% market share. This is because of the growing number of hospitals in the market especially in the developing economies. Further, growth and expansion of the automotive industry all around the globe will further bolster the growth of this segment.

Major Players              

Data Bridge Market Research recognizes the following companies as the market players in protective gloves market: Semperit AG Holding (Austria), Supermax Corporation Berhad. (Malaysia), YTY Group. (Malaysia), Arista Networks, Inc. (US), Kossan Rubber Industries Bhd (Malaysia), JIANGSU JAYSUN GLOVE CO.,LTD (China), Bluesail Medical Co., Ltd. (China), Shandong Yuyuan Latex Gloves Co., Ltd. (China), Zhanjiang Jiali Glove Products Co.,Ltd. (China), Top Glove Corporation Bhd (Malaysia), Hartalega Holdings Berhad (Malaysia), Robinson Healthcare (UK), SHIELD Scientific B.V. (Netherlands) and PAUL HARTMANN AG (Germany).   

Market Development

• In May 2021, DuPont announced the introduction of MOLYKOTE G-1079 grease, a noise-reducing grease specially formulated for sliding-contact applications with fast movement and high loads or slow movement and low loads particularly actuators. MOLYKOTE G-1079 anti-friction coating is used in next generation electric vehicles. Thus, it will help raise the company’s market sales.
• In April, 2021, Whitmore Manufacturing, LLC introduced a scalable solution to lubrication storage and dispensing systems, namely Lustor. The new Lustor line helps companies extend the life of their fluids with a compact, durable, and easy to use unit that fits almost any industrial location. This product launch helped the company boost its market sales.

Regional Analysis

Geographically, the countries covered in the protective gloves market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

As per Data Bridge Market Research analysis:

Asia-Pacific is the dominant region in protective gloves market during the forecast period 2021 - 2028

In the forecast period, Asia-Pacific is expected to dominate the market. Polymer and fluoropolymer coatings are in high demand in the region to ensure that steel components have good non-stick and gliding qualities as well as wear resistance. Anti-friction coatings are mostly employed in analytical applications in the automotive sector. Construction, medical engineering, solar engineering, the furniture business, and wind energy engineering are all using this type of coating. The construction sector is a critical player in anti-friction coating for continuing economic development. The value of building output accounted for 25.9% of China's GDP in 2020, according to the National Bureau of Statistics, up from 6.2 percent in 2019.

Europe is estimated to be the fastest-growing region in protective gloves market the forecast period 2021 - 2028

Because of its rapid industrialization, Europe is projected to offer attractive growth opportunities. This region's need for low-friction coatings is likely to grow as demand for low-friction coatings grows in end-use sectors such as transportation and automobiles. Europe's developed economies are likely to expand significantly in the next years.

COVID-19 Impact Analysis

During the COVID-19 epidemic, the market for anti-friction coatings was shaky. Anti-friction coatings have been used in a variety of industries, including oil and gas, automotive, wind energy, construction, and others. Due to lower end-user demand, anti-friction coating production declined dramatically during the initial COVID-19 phase. According to the China Association of Automobile Manufacturers, automotive sales in China fell 11.9 percent year over year to 1.86 million units. Furthermore, oil and gas exploration and production industries are expected to lose $1 trillion in revenue by 2020. Wind energy installations in the countries have also decreased by 30% in 2020 compared to the previous year.

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