Albany, NY -- (SBWIRE) -- 03/06/2018 -- Global Low-friction Coatings Market: Overview
The scope of the low-friction coatings market is witnessing an upward trend due to the need to minimize friction between two surfaces that could impact the overall performance of an object when integrated into a process. Coating involves applying a layer or a covering on the surface of an object, usually referred to as substrate. Low-friction coatings when applied on a substrate improves its surface properties with respect to adhesion, corrosion-resistance, wettability, and wear-resistance.
The global low-friction coatings market is segmented based on a few parameters, viz. product type, end-use, and geography. The molybdenum disulfide product segment is anticipated to hold a significant share owing to its high wear-resistance.
The report has been prepared by employing standard analytical tools and proven research methodologies. As such, the growth behavior and projections presented herein are reliable that market stakeholders can leverage for gainful opportunities. The market drivers, challenges, and opportunities covered in the report can further help market stakeholders to formulate winning strategies.
Browse Research Report With Complete TOC @ https://www.transparencymarketresearch.com/low-friction-coatings-market.html
Global Low-friction Coatings Market: Trends and Opportunities
The growth of the automobile industry has been a key factor driving the low-friction coatings market. Low-friction coatings display virtues of durability and wear resistance that helps improve the performance of substrate to which they are applied. Stringent regulations that govern the use of conventional lubricants is driving the adoption of low-friction coatings to improve the performance of lubricants used for automobiles.
Low-friction coatings are widely used in the transportation sector as well. This is because low-friction coatings help reduce noise, emissions, and vibrations when applied to vehicles for transportation purposes.
In energy and power operations, low-friction coatings serve high electric and impact resistance requirements at elevated temperatures. This is due to the property of these coatings to act as a barrier for sources of corrosion. The healthcare and food industry is serving to boost the growth of low-friction coatings market and vice-versa. The use of low-friction coatings on processing or packaging assembly helps prevent food from sticking and improves its flowing capacity.
Low-friction coatings help improve user experience leading to their adoption across a host of industries such as food and healthcare. Apart from this, low-friction coatings find substantial applications in medical devices. This is because low-friction coatings facilitate smooth contact between two surfaces while ensuring less degradation.
Product improvements and product innovations are some other significant factors driving the low-friction coatings market. Introduction of new coatings that are suitable for several industry verticals has helped the market garner greater revenue share.
On the flip side, restrictions on the use of some compounds such as perfluoroctane sulfonate and perfluorooctanoic acid are challenging the market's growth.
Request a PDF Brochure with Research Report Analysis @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=33977
Global Low-friction Coatings Market: Geographical Analysis
On the geographical front, the market for low-friction coatings is bifurcated into North America, Asia Pacific, Latin America, Europe, and the Middle East & Africa. Asia Pacific is likely to expand at a rapid pace due to rampant industrialization and growth of key end-use industries such as automobile and transportation.
North America and Europe account for a substantial share in the overall market, while Latin America and the Middle East and Africa are currently small markets for low-friction coatings.
Global Low-friction Coatings Market: Competitive Outlook
The key players in the low-friction coatings market are engaged in product development and product innovation to gain a greater market share. Key players in the low-friction coatings market include Dow Corning Corporation, Whitfold Corporation, Whitmore Manufacturing Company, Poeton Industries, The Chemours Company, Endura Coatings, and Everlube Products.
About Transparency Market Research
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR's syndicated reports strive to provide clients to serve their overall research requirement.