Pune, India -- (SBWIRE) -- 05/16/2018 -- The Global Zero Friction Coatings Market accounted to USD 600.0 million in 2016 growing at a CAGR of 6.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Global Zero Friction Coatings Market Type (PTFE-Based Low Friction Coatings, MOS2 Based Low Friction Coatings), End-User (Automobile & Transportation Industry, Aerospace Industry, General Engineering, Food & Healthcare, Energy, Oil & Gas, Power), Geography – Industry Trends and Forecast to 2024
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- Chemours Company
- DOW Corning
- Endura Coatings
- Vitracoat, Inc.
- Poeton Industries
- Whitford Corporation
- ASV Multichemie Pvt., Ltd.
- GMM Coatings Pvt., Ltd.
- IKV Tribology, Ltd.
- Whitmore Manufacturing Company
- Harves Co., Ltd.
- Amcor Limited
- Wihuri Oyj
- Sigma Plastics Group
- American Packaging Corporation
- Cosmo Films Limited
- among others.
Zero-Friction-Coatings are dry lubricant solutions which, in their formulation, resemble common industrial varnishes. They comprises of the solid lubricants as pigments, resins as bonding agents as well as solvents.
Major Market Drivers and Restraint:
- Rising Automobile Industry and Need for Better User Experience
- Rising Demand for Medical Devices Coatings
- Gradually Recovering European Economies
- New Product Developments for Multiple Applications
- Recent Technologies
- Growth of Eco-Friendly Low Friction Coatings
The global zero friction coatings market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of zero friction coatings market for global, Europe, North America, Asia Pacific and South America.
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By type:- PTFE-Based Low Friction Coatings, and MOS2 Based Low Friction Coatings.
On the basis of end-user:- Automobile & transportation industry, aerospace industry, general engineering, food & healthcare, energy, oil & gas, and power.
On the basis of geography:- Global zero friction coatings market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa.
Some of the major countries covered in this report are:-
U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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