Low Friction Coating Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The market is segmented by Type (Molybdenum Disulphide, Tungsten Disulphide, Polytetrafluoroethylene(PTFE), and Others), End-user Industry (Automotive, Aerospace, Healthcare, Transportation, Construction, and Others), Application (Bearings, Automotive Parts, Power Transmission Items, Valve components and Actuators, Ammunition Components, and Others) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

Market Snapshot

Low Friction Coating Market- Market Summary
Study Period: 2016 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >6 %

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Market Overview

The market is expected to grow at a CAGR of over 6% during the forecast period. One of the major factors driving the market is the increasing demand for low friction coating from the automotive industry, across major economies. However, government regulations on the toxicity of overheated PTFE are expected to hinder the growth of the market studied.

The growing demand for low friction coating in the healthcare industry is likely to act as an opportunity for the market studied in the coming years.

By the end-user industry, the automotive industry is expected to dominate the market over the forecast period.

Asia-Pacific region is expected to dominate the market with the largest consumption from countries, such as China, India, and Japan.

Scope of the Report

The low friction coating report includes:

Type
Molybdenum Disulphide
Tungsten Disulphide
Polytetrafluoroethylene(PTFE)
Others
End-User Industry
Automotive
Aerospace
Healthcare
Transportation
Construction
Others
Application
Bearings
Automotive Parts
Power Transmission Items
Valve components and Actuators
Ammunition Components
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Increasing Demand Low Friction Coating in Automotive Industry

  • Low friction coatings give improved performance and service life while dispensing with the requirement for wet lubricants in a working environment that expect protection from heat, synthetic substances, or cleanroom conditions.
  • According to the U.S. Department of Energy, one-third of automobiles fuel or electric energy consumption is spent overcoming friction which has a direct impact on emissions and miles per gallon (MPG) or Miles per gasoline-equivalent (MPGe).
  • The Implementation of low-friction and super-hard coatings in the automotive industry provides a low friction surface, increased fuel economy, durability, and environmental compatibility of advanced engine systems.
  • The automotive industry is expected to grow significantly over the coming years. Evolving digital technology, change in customer sentiment and economic health have played a vital role in non-commercial business practices of manufacturing vehicles.
  • Hence, owing to the above-mentioned factors, the application of low friction coating in automotive industry is likely to dominate during the forecast period.
Low Friction Coating Market Revenue Share

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region is expected to dominate the market during the forecast period. The rising demand for low friction coating with the growing automotive and healthcare industry in countries like China and India is expected to drive the demand for low friction coating in this region.
  • The largest producers of low friction coating are based in the Asia-Pacific region. Some of the leading companies in the production of low friction coating are VITRACOAT, CARL BECHEM GMBH, The Chemours Company, Dow, and ASV Multichemie Private Limited among others.
  • According to Economic Times projection, the Asian healthcare market grew by almost USD 200 billion between 2016 and 2020, to a total value of USD 2,660 billion and is expected to continue growing in coming years.
  • Owing to the above-mentioned factors, the market for low friction coating in the Asia-Pacific region is projected to grow significantly during the study period.
Low Friction Coating Market Regional Trends

Competitive Landscape

The global low friction coating is partially consolidated in nature. Some of the major companies in the market include Whitford, CARL BECHEM GMBH, The Chemours Company, Dow, and Poeton among others

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand for Low Friction Coating in Automotive Industry.

      2. 4.1.2 Growing Demand of Low Friction Coating in Food Processing Industry.

      3. 4.1.3 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Government Regulation on toxicity of overheated PTFE

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Molybdenum Disulphide

      2. 5.1.2 Tungsten Disulphide

      3. 5.1.3 Polytetrafluoroethylene(PTFE)

      4. 5.1.4 Others

    2. 5.2 End-User Industry

      1. 5.2.1 Automotive

      2. 5.2.2 Aerospace

      3. 5.2.3 Healthcare

      4. 5.2.4 Transportation

      5. 5.2.5 Construction

      6. 5.2.6 Others

    3. 5.3 Application

      1. 5.3.1 Bearings

      2. 5.3.2 Automotive Parts

      3. 5.3.3 Power Transmission Items

      4. 5.3.4 Valve components and Actuators

      5. 5.3.5 Ammunition Components

      6. 5.3.6 Others

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 France

        4. 5.4.3.4 Italy

        5. 5.4.3.5 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Whitford

      2. 6.4.2 Poeton

      3. 6.4.3 ENDURA

      4. 6.4.4 Dow

      5. 6.4.5 CARL BECHEM GMBH

      6. 6.4.6 The Chemours Company

      7. 6.4.7 Whitmore Manufacturing, LLC

      8. 6.4.8 Everlube

      9. 6.4.9 VITRACOAT

      10. 6.4.10 AGC Inc

      11. 6.4.11 ASV Multichemie Private Limited

      12. 6.4.12 IKV

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Growing Demand of Low Friction Coating in Healthcare Industry

    2. 7.2 Other Opportunities

**Subject to Availability

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Frequently Asked Questions

The Low Friction Coating Market market is studied from 2016 - 2026.

The Low Friction Coating Market is growing at a CAGR of >6% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2021.

Whitford, CARL BECHEM GMBH, The Chemours Company, Poeton, Dow are the major companies operating in Low Friction Coating Market.

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