Low-friction Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Low-friction Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Chemicals

Report Description

Friction is a resisting force that opposes the relative motion between two surfaces in contact with each other. Coating is a film or covering that is applied on the surface on an object, generally referred to as ‘substrate’. The function of coatings is to change surface properties of the substrate such as adhesion, wettability, corrosion-resistance, and wear-resistance. Low-friction coatings enable surfaces to make contact with each other while ensuring less surface degradation. Low-friction coatings are used in mechanisms comprising wear, friction, and lubrication. Low-friction coatings are employed wherein low coefficient of friction and high wear resistance are required. Low-friction coatings are used on metals such as cast iron, steel, anodized aluminum, magnesium, and titanium.

The low-friction coatings market is primarily driven by the growing automobile industry. Owing to durability and wear resistance offered by these coatings, they are applied in the automobile industry. Need for better experience of users in automobile, food, and health care industries and increased cost of disposal of assets propel the market. Stringent environmental regulations about use of conventional lubricants act as a driver for the low-friction coatings market. Moreover, rising demand for medical device coatings offers lucrative growth opportunities to the market. Development of new products for multiple verticals is another factor that is anticipated to boost the low-friction coatings market. However, restrictions on the use of perfluorooctanoic acid (PFOA) and perfluorooctane sulfonate (PFOS) are likely to hamper the market during the forecast period.

Based on product, the low-friction coatings market can be segmented into molybdenum disulfide, PTFE (polytetrafluoroethylene), and others (PFA, FEP, graphite, and tungsten disulfide). Among these, the molybdenum disulfide segment is projected to hold a significant share of the low-friction coatings market during the forecast period, due to high wear-resistance of the compound. Molybdenum disulfide transcends as a lubricating material by virtue of its layered structure and low coefficient of friction. Molybdenum disulfide is non-reactive to dilute acids and oxygen, resulting in its extensive usage in the automobile sector. PTFE is hydrophobic in nature and is used as a lubricant in machineries operating with sliding action, so as to reduce the energy consumption. FEP and PFA have relatively lower temperatures than molybdenum disulfide and PTFE, henceforth used in producing films (release films).

Based on end-use industry, the low-friction coatings market can be divided into automobile & transportation, aerospace, general engineering, energy, food & health care, and others. The automobile & transportation segment accounts for a significant share of the market. Implications of low-friction coatings involve prevention of corrosion, arcing, and abrasion; improvement in friction control; delivery of electric insulation; and enhancement of overall fuel efficiency of automobiles. Demand for low friction coatings is anticipated to surge in the near future, due to reduction in noise, vibrations, and emissions in automobiles offered by coatings. The energy industry requires high electric and impact resistance at elevated temperatures, which is sufficed by low-friction coatings, as they offer barrier protection to resist sources of corrosion. The food & health care industry is getting a boost by employing low-friction coatings onto processing or packaging machinery with a purpose of preventing the food from sticking and improving its flow capacity.

In terms of geography, the global low-friction coatings market can be segmented into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific is anticipated to be a rapidly expanding market for low-friction coatings during the forecast period, due to rapid industrialization and rise in the demand in end-use industries such as transportation and automobile in China and India. North America and Europe hold a key market share, while Latin America and Middle East & Africa are projected to be emerging markets for low-friction coatings during the forecast period.

Key players operating in the global low-friction coatings market include Dow Corning Corporation, The Chemours Company, Whitford Corporation, Endura Coatings, Whitmore Manufacturing Company, Everlube Products, and Poeton Industries.

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)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market      

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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