Global Zero Friction Coatings Market By Type (PTFE-Based Low Friction Coatings and MOS2 Based Low Friction Coatings), End User (Automobile and Transportation Industry, Aerospace Industry, General Engineering, Food and Healthcare, Energy, Oil and Gas, Power and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Data Bridge Market Research analyses that the zero friction coatings market will witness a CAGR of 5.70% for the forecast period of 2021-2028. Rising application of zero friction coatings owing to the increased demand for better user experience, rising stringent regulations imposed by the government working in the favour of market demand and increasing demand for medical devices coatings are the major factors attributable to the growth of the zero friction coatings market.
Zero friction coatings are the lubricants that have a wide range of applications in the form of biomedical devices, plastic packaging, electronics, marine, aerospace and automotive applications. Zero friction coatings are dry lubricant solutions containing resins as bonding agents. Zero friction coatings provide a slippery surface thus allowing free sliding of materials. Zero friction coatings have good wear resistance properties and these are used to extend the shelf life of the mechanical components. Zero friction coatings are also used to handle scratches over the materials.
Growth and expansion of the various end user verticals is the root cause fuelling up the zero friction coatings market growth rate. Rising demand for medical devices coatings coupled with the growth and expansion of healthcare sector will further create lucrative growth opportunities for the zero friction coatings market. Rising industrialization coupled with increased focus of the manufacturers on the development of new and efficient zero friction coatings will further induce growth in the demand for zero friction coatings globally. Rising application of PTFE-based low friction coatings as a raw material by the various end user verticals such as automobile and transportation industry, aerospace industry, general engineering, food and healthcare, energy, oil and gas, power and others will also propel growth in the zero friction coatings market value.
However, fluctuating in the prices of raw materials will pose a major challenge to the growth rate of zero friction coatings market. Also, limitations on the use of a few compounds such as perfluorooctanoic acid will further restrict the scope of growth for this market. The recent coronavirus outbreak too has put a halt on the growth rate.
This zero friction coatings market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on zero friction coatings market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Zero Friction Coatings Market Scope and Market Size
The zero friction coatings market is segmented on the basis of type, and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the zero friction coatings market is segmented into PTFE-based low friction coatings and MOS2 based low friction coatings.
- On the basis of end user, the zero friction coatings market is segmented into automobile and transportation industry, aerospace industry, general engineering, food and healthcare, energy, oil and gas, power and others.
Global Zero Friction Coatings Market Country Level Analysis
The zero friction coatings market is analysed and market size, volume information is provided by country, type, and end user as referenced above.
The countries covered in the zero friction coatings 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, Israel, Egypt, South Africa, 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.
Asia-Pacific region is undergoing substantial gains in the zero friction coatings market and is projected to score the highest compound annual growth rate (CAGR) during the forecast period. India and China will emerge as the major contributors from this region as these offer great investment opportunities to the manufacturers in terms of abundant availability of raw materials and cheap availability of labour. Growth and expansion of various end user industries is also fostering the market growth rate.
The country section of the zero friction coatings market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Zero Friction Coatings Market Share Analysis
The zero friction coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to zero friction coatings market.
The major players covered in the zero friction coatings market report are Dow, Merck KGaA,, The Chemours Company.., Endura Coatings., VITRACOAT, Poeton, PPG Industries, Inc., Carl Bechem GmbH, ASV Multichemie Private Limited, IKV Tribology Ltd, Whitmore Manufacturing, LLC., Amcor plc, HARVES Co., Ltd., Wihuri Group, Sigma Plastics Group, American Packaging Corporation., Cosmo Films Ltd., GMM Development Limited. and Curtiss-Wright Corporation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.