Low Friction Coatings Market, By Product (Polytetrafluoroethylene, Molybdenum Disulfide), By Applica

Published Date: | Report Code : CH1956750

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The Low Friction Coatings Market to witness promising growth owing to the growing demand for medical device-appropriate coating in recent years. Increasing demand from applications including aerospace and defense, automobile & transportation, general engineering, energy, food & healthcare is expected to drive the growth of the market.

As environmental constraints on the use of lubricants are growing tighter and the expenses connected with disposal are increasing, there is an increasing demand for low friction thin film coatings that enable surfaces to rub against each other with decreased friction and wear. Hence the use of a small coefficient of friction coating to enhance the tribological characteristics of metal cutting and forming instruments and constantly expanding machine components such as sliding bearings, seals and valves.

Segment Insights

Low friction coatings reduce the tendency to stick and pick up material from the counter surface significantly reducing downtime for cleaning. Therefore, in the forming of tool apps, anti-adhesive agents may be totally omitted.

Demand for low-friction coatings has increased considerably in recent years as it helps to improve surface characteristics in terms of wettability, corrosion resistance, adhesion, and wear resistance. The increasing use of low-friction coatings in different sectors has also been expected to drive market growth in the near future.

Key Factors Impacting Market Growth:

  • Growing automobile sector
  • Strict environmental regulations
  • Growing demand for medical device-appropriate coating 

Regional Analysis

On the basis of the region, the low friction coatings market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe are some of the major markets that are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe.  This region has been witnessing a number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regard to environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include the US, Germany, UK, France, Canada, Italy, Spain, and so on.

The Asia Pacific and the Middle East are expected to register substantial growth in the low friction coatings market during the forecast period. This demand is with regard to the growth of major applications such as aerospace and defense, automobile & transportation, general engineering, energy, food & healthcare. Major countries in the Asia Pacific region include China, South Korea, Japan, India, Australia, and so on. Middle East includes the UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region.  Rest the World that includes South America and Africa has a strong potential for the low friction coatings market. There has been an increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for the low friction coatings market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Companies Covered: Dow Corning Corporation, The Chemours Company, Whitford Corporation, BECHEM, Endura Coatings, and Poeton Industries…

Market Segmentation:

By Product:

  • Polytetrafluoroethylene
  • Molybdenum Disulfide

By Applications:

  • Aerospace
  • Automobile & Transportation
  • General Engineering
  • Energy
  • Food & Healthcare

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Product
    • By Applications
  • Western Europe
    • By Country (Germany, UK, France, Spain, Rest of Western Europe)
    • By Product
    • By Applications
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Product
    • By Applications
  • Asia Pacific
    • By Country (China, Japan, India, Rest of Asia Pacific)
    • By Product
    • By Applications
  • Middle East
    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
    • By Product
    • By Applications
  • Rest of the World
    • By Region (Latin America, Brazil, Rest of the World)
    • By Product
    • By Applications 

Reasons To Buy This Report:

  • Market size estimation of the low friction coatings market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

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