In terms of revenue, the Global Zero Friction Coatings Market is expected to reach USD 1250.76 Million by 2030, growing at a CAGR (Compound Annual Growth Rate) of 5.8% from 2022 to 2030.
Zero Friction Coatings are in higher demand because they have lubricating and corrosion-protecting properties that increase a component's wear life in industries like automotive, energy, and aerospace. Surfaces can touch thanks to the product, which also guarantees that the component won't degrade as quickly. Throughout the course of the forecast period, it is expected that Zero Friction Coatings' characteristics including resistance to radiation and Hoover, dust-free, dry, clean lubrication, non-flammability, and no oxidation would help to drive demand for the product. A high coefficient of friction under humidity and a high coefficient of friction at low loads, however, are likely to operate as market restraints.
Biomedical devices, plastic packaging, electronics, maritime, aerospace, and automotive applications are just a few of the many industries where Zero Friction Coatings are used as lubricants. In dry lubricant solutions with resins acting as bonding agents, Zero Friction Coatings are created. A slippery surface is created by zero-friction coatings, enabling materials to slide freely. In order to increase the mechanical components' shelf life, Zero Friction Coatings are employed since they offer superior wear resistance capabilities. In order to prevent scratches on the materials, Zero Friction Coatings are also utilised.
Key Highlights from the Report
· By Type, the Molybdenum Di-Sulfide (MoS2) segment is dominated the Zero Friction Coatings market, with the largest market share in the forecast period, Because to its resistance to the majority of corrosive substances, MoS2 coating solution is frequently used to protect important equipment and parts against corrosion.
· By Application, the Automotive & Transportation segment is anticipated to dominate the friction coating market, with the largest share in the forecast period.
· One of the End-Use industries for Zero Friction Coatings that has the most promise is the Automobile & Transportation sector. In this industry, Zero Friction Coatings are used to increase fuel economy and decrease energy losses caused by friction.
· In terms of Region, Asia Pacific dominates the major market share in 2021 and is likely the most gainful market in the future, Zero Friction Coatings demand is anticipated to increase in the upcoming years due to the region's expanding automotive industry.
Advanced nano-composite materials called Zero Friction Coatings have a very low coefficient of friction when applied to a surface. The terms "anti-friction coatings" and "low-friction coatings" are also used to describe them. Metals, polymers, ceramics, and composites are just a few of the many substrates that these coatings can be used on.
Throughout the forecast period, a sizable growth rate for the worldwide Zero Friction Coatings market is anticipated. The main drivers influencing market expansion are the increased demand for automobiles and the necessity for fuel efficiency. There will likely be new business prospects for market participants in the automotive industry as the manufacturing of electric vehicles rises. The market demand is also anticipated to increase over the forecast period as a result of supportive government laws on environmental protection. Technology development is another element anticipated to fuel market expansion over the forecast period. New opportunities for market players are anticipated to arise from the development of new coatings with higher performance and longer lifespan.
The market for Zero Friction Coatings will experience profitable growth due to the increasing demand for medical device coatings and the development and expansion of the healthcare industry. Global demand for Zero Friction Coatings will continue to rise as a result of rising industrialization and manufacturers' greater focus on creating innovative and effective coatings. The increasing use of PTFE-based low friction coatings as a raw material by numerous end-user industries, including the automotive and transportation sector, the aerospace sector, general engineering, the food and healthcare sector, the energy, oil and gas sector, the power sector, and others, will also fuel growth in the market value for Zero Friction Coatings.
The Global Zero Friction Coatings Market is Segmented as follows
- Molybdenum Disulfide
- Other Types
- Solvent-based Coatings
- Water-based Coatings
- Powder Coatings
- End Use
- Automobile & Transportation
- General Engineering
- Food & Healthcare
- Other End Uses
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
List of the Key Players of the Global Zero Friction Coatings Market is
Endura Coatings (U.S.), DuPont de Nemours Inc. (U.S.), VITRACOAT (U.S.), Poeton (UK), Bechem (Germany), ASV Multichemie Private Limited (India), GMM Coatings Private Limited (U.S.), IKV Tribology Ltd. (UK), Blagden Specialty Chemicals Ltd. (UK), Glanbia PLC (Ireland)
The Global Zero Friction Coatings Market Scope can be Tabulated as below
|Market Size Provided for Years
|2017 - 2030
|2017 - 2021
|2023 - 2030
|Regions & Counties Covered
|Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis