However,fluctuating in the prices of raw materials will pose a major challenge to thegrowth rate of zero friction coatings market. Also, limitations on the use of a few compounds such asperfluorooctanoic acid will further restrict the scope of growth for thismarket. The recent coronavirus outbreak too has put a halt on the growth rate.
Data BridgeMarket Research analyses that the zero friction coatings market will witness aCAGR of 5.70% for the forecast period of 2021-2028. Rising application of zerofriction coatings owing to the increased demand for better user experience,rising stringent regulations imposed by the government working in the favour ofmarket demand and increasing demand for medical devices coatings are the majorfactors attributable to the growth of the zero friction coatings market.
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Zerofriction coatings are the lubricants that have a wide range of applications inthe form of biomedical devices, plastic packaging, electronics, marine,aerospace and automotive applications. Zero friction coatings are dry lubricantsolutions containing resins as bonding agents. Zero friction coatings provide aslippery surface thus allowing free sliding of materials. Zero frictioncoatings have good wear resistance properties and these are used to extend theshelf life of the mechanical components. Zero friction coatings are also usedto handle scratches over the materials.
Growth andexpansion of the various end user verticals is the root cause fuelling up thezero friction coatings market growth rate. Rising demand for medical devicescoatings coupled with the growth and expansion of healthcare sector willfurther create lucrative growth opportunities for the zero friction coatingsmarket. Rising industrialization coupled with increased focus of themanufacturers on the development of new and efficient zero friction coatingswill further induce growth in the demand for zero friction coatings globally.Rising application of PTFE-based low friction coatings as a raw material by thevarious end user verticals such as automobile and transportation industry,aerospace industry, general engineering, food and healthcare, energy, oil andgas, power and others will also propel growth in the zero friction coatingsmarket value.
This zerofriction coatings market report provides details of new recent developments,trade regulations, import export analysis, production analysis, value chainoptimization, market share, impact of domestic and localised market players,analyses opportunities in terms of emerging revenue pockets, changes in marketregulations, strategic market growth analysis, market size, category marketgrowths, application niches and dominance, product approvals, product launches,geographical expansions, technological innovations in the market. To gain moreinfo on zero friction coatings market contact Data Bridge Market Research foran Analyst Brief, our team will help you take an informed market decision toachieve market growth.
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The zerofriction coatings market is segmented on the basis of type, and end user. Thegrowth amongst the different segments helps you in attaining the knowledgerelated to the different growth factors expected to be prevalent throughout themarket and formulate different strategies to help identify core applicationareas and the difference in your target market.
On the basisof type, the zero friction coatings market is segmented into PTFE-based lowfriction coatings and MOS2 based low friction coatings.
On the basisof end user, the zero friction coatings market is segmented into automobile andtransportation industry, aerospace industry, general engineering, food andhealthcare, energy, oil and gas, power and others.
The zerofriction coatings market is analysed and market size, volume information isprovided by country, type, and end user as referenced above.
Thecountries covered in the zero friction coatings market report are U.S., Canadaand Mexico in North America, Germany, France, U.K., Netherlands, Switzerland,Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan,India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia,Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), SaudiArabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest ofSouth America as part of South America.
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Asia-Pacificregion is undergoing substantial gains in the zero friction coatings market andis projected to score the highest compound annual growth rate (CAGR) during theforecast period. India and China will emerge as the major contributors fromthis region as these offer great investment opportunities to the manufacturersin terms of abundant availability of raw materials and cheap availability oflabour. Growth and expansion of various end user industries is also fosteringthe market growth rate.
The countrysection of the zero friction coatings market report also provides individualmarket impacting factors and changes in regulation in the market domesticallythat impacts the current and future trends of the market. Data points such asconsumption volumes, production sites and volumes, import export analysis,price trend analysis, cost of raw materials, down-stream and upstream valuechain analysis are some of the major pointers used to forecast the marketscenario for individual countries. Also, presence and availability of globalbrands and their challenges faced due to large or scarce competition from localand domestic brands, impact of domestic tariffs and trade routes are consideredwhile providing forecast analysis of the country data.
The zerofriction coatings market competitive landscape provides details by competitor.Details included are company overview, company financials, revenue generated,market potential, investment in research and development, new marketinitiatives, global presence, production sites and facilities, productioncapacities, company strengths and weaknesses, product launch, product width andbreadth, application dominance. The above data points provided are only relatedto the companies’ focus related to zero friction coatings market.
The majorplayers covered in the zero friction coatings market report are Dow, MerckKGaA,, The Chemours Company.., Endura Coatings., VITRACOAT, Poeton, PPG Industries,Inc., Carl Bechem GmbH, ASV Multichemie Private Limited, IKV Tribology Ltd,Whitmore Manufacturing, LLC., Amcor plc, HARVES Co., Ltd., Wihuri Group, SigmaPlastics Group, American Packaging Corporation., Cosmo Films Ltd., GMMDevelopment Limited. and Curtiss-Wright Corporation among other domestic andglobal players. Market share data is available for global, North America,Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South Americaseparately. DBMR analysts understand competitive strengths and providecompetitive analysis for each competitor separately.
Global Zero Friction Coatings Market By Type (PTFE-Based LowFriction Coatings and MOS2 Based Low Friction Coatings), End User (Automobileand Transportation Industry, Aerospace Industry, General Engineering, Food andHealthcare, Energy, Oil and Gas, Power and Others), Country (U.S., Canada,Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K.,Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe,Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand,Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, SouthAfrica, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to2028
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