Global Zero Friction Coatings Market
The global Zero Friction Coatings market was valued at USD 868 million in 2021 which expected to reach USD 1123 million by 2027 at a CAGR 4.37 % from 2022-2027.
Lubricants with zero friction coatings have a wide range of applications, including biomedical devices, plastic packaging, and electronics, marine, aerospace, and automotive applications. Dry lubricant solutions containing resins as bonding agents are used to create zero friction coatings. Zero friction coatings create a slippery surface, allowing materials to slide freely. Zero friction coatings have excellent wear resistance and are used to extend the shelf life of mechanical components. Zero friction coatings are also used to protect materials from scratches.
Market Drivers
The growing demand for zero friction coatings can be attributed to their lubricating and corrosion-protecting properties, which extend component wear life in industries such as automotive, energy, and aerospace. The product allows surfaces to come into contact with each other, resulting in less component degradation. Zero friction coating properties such as vacuum and radiation resistance, dry and clean lubrication that is not affected by dust, are non-flammability, and no oxidation expected to drive product demand over the forecast period.
Market Restraints
Raw material price fluctuations will pose a significant challenge to the zero friction coatings market's growth rate. Furthermore, restrictions on the use of a few compounds, such as perfluorooctanoic acid, will limit the market's potential growth. The recent coronavirus outbreak has also slowed the rate of growth.
Market Segmentation
The Global Zero Friction Coatings Market is segmented into Type, Formulation, Distribution Channel and Growing System. By Type such as Integrated Polytetrafluoroethylene, Molybdenum Disulfide, Others. By Formulation such as Solvent-based Coatings, Water-based Coatings, Powder Coatings. By End-use such as Automobile & Transportation, Aerospace, General Engineering, Food & Healthcare, Energy, Others.
Regional Analysis
Global Zero Friction Coatings Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. During the forecast period, the Zero Friction Coatings market in APAC is expected to grow at the fastest CAGR. The presence of automotive manufacturing industries in countries such as Japan, South Korea, and China is attributed to the growth. The Association of Southeast Asian Nations is the world's seventh largest automotive manufacturing hub, producing approximately 3.5 million vehicles in 2021. Honda, Toyota, Ford, BMW, and other leading automotive manufacturers have a presence in the region. The region's expanding automobile industry is expected to drive demand for zero friction coatings in the coming years.
Key Players
Various key players are listed in this report such as Endura Coatings; DuPont; VITRACOAT; Poeton; Bechem; ASV Multichemie Private Limited; GMM Coatings Private Limited; IKV Tribology Ltd.
Market Taxonomy
By Type
By Formulation
By End-use
By Region
Key Questions Addressed by the Report
Global Zero Friction Coatings Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Zero Friction Coatings Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Zero Friction Coatings Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Zero Friction Coatings Market Share Analysis, By Type
5.3 Global Zero Friction Coatings Market Size and Forecast, By Type
5.3.1 Polytetrafluoroethylene
5.3.2 Molybdenum Disulfide
5.3.3 Others
6 Global Zero Friction Coatings Market, By Formulation
6.1 Y-o-Y Growth Comparison, By Formulation
6.2 Global Zero Friction Coatings Market Share Analysis, By Formulation
6.3 Global Zero Friction Coatings Market Size and Forecast, By Formulation
6.3.1 Solvent-based Coatings
6.3.2 Water-based Coatings
6.3.3 Powder Coatings
7 Global Zero Friction Coatings Market, By End-use
7.1 Y-o-Y Growth Comparison, By End-use
7.2 Global Zero Friction Coatings Market Share Analysis, By End-use
7.3 Global Zero Friction Coatings Market Size and Forecast, By End-use
7.3.1 Automobile & Transportation
7.3.2 Aerospace
7.3.3 General Engineering
7.3.4 Food & Healthcare
7.3.5 Energy
7.3.6 Others
8 Global Zero Friction Coatings Market, By Region
8.1 Global Zero Friction Coatings Market Share Analysis, By Region
8.2 Global Zero Friction Coatings Market Share Analysis, By Region
8.3 Global Zero Friction Coatings Market Size and Forecast, By Region
9 North America Zero Friction Coatings Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 North America Zero Friction Coatings Market Share Analysis, By Type
9.3 North America Zero Friction Coatings Market Size and Forecast, By Formulation
9.4 North America Zero Friction Coatings Market Size and Forecast, By End-use
9.6 North America Zero Friction Coatings Market Size and Forecast, By Country
9.7.1 U.S.
9.7.2 Canada
9.7.3 Mexico
10 Europe Zero Friction Coatings Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Europe Zero Friction Coatings Market Share Analysis, By Type
10.3 Europe Zero Friction Coatings Market Size and Forecast, By Formulation
10.4 Europe Zero Friction Coatings Market Size and Forecast, By End-use
10.6 Europe Zero Friction Coatings Market Size and Forecast, By Country
10.6.1 Germany
10.6.2 France
10.6.3 UK
10.6.4. Rest of Europe
11 Asia Pacific Zero Friction Coatings Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Asia Pacific Zero Friction Coatings Market Share Analysis, By Type
11.3 Asia Pacific Zero Friction Coatings Market Size and Forecast, By Formulation
11.4 Asia Pacific Zero Friction Coatings Market Size and Forecast, By End-use
11.6 Asia Pacific Zero Friction Coatings Market Size and Forecast, By Country
11.6.1 China
11.7.2 Japan
11.8.3 India
11.8.4. Rest of Asia Pacific
12 Latin America Zero Friction Coatings Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Latin America Zero Friction Coatings Market Share Analysis, By Type
12.3 Latin America Zero Friction Coatings Market Size and Forecast, By Formulation
12.4 Latin America Zero Friction Coatings Market Size and Forecast, By End-use
12.6 Latin America Zero Friction Coatings Market Size and Forecast, Country
12.7.1. Brazil
12.8.2. Rest of Latin America
13 Middle East Zero Friction Coatings Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Middle East Zero Friction Coatings Market Share Analysis, By Type
13.3 Middle East Zero Friction Coatings Market Size and Forecast, By Formulation
13.4 Middle East Zero Friction Coatings Market Size and Forecast, By End-use
13.6 Middle East Zero Friction Coatings Market Size and Forecast, By Country
13.7.1. Saudi Arabia
13.8.2. UAE
13.8.3. Egypt
13.9.4. Kuwait
13.10.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Endura Coatings
15.1.1 Overview
15.1.2 Types
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. DuPont
15.2.1 Overview
15.2.2 Types
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. VITRACOAT
15.3.1 Overview
15.3.2 Types
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Poeton
15.4.1 Overview
15.4.2 Types
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Bechem
15.5.1 Overview
15.5.2 Types
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 ASV Multichemie Private Limited
15.6.1 Overview
15.6.2 Types
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 GMM Coatings Private Limited
15.7.1 Overview
15.7.2 Types
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 IKV Tribology Ltd
15.8.1 Overview
15.8.2 Types
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
