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Low-friction Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
Low-friction Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
The demand for low-friction coatings has grown significantly in the last few years as it helps in improving surface properties with respect to wettability, corrosion-resistance, adhesion, and wear-resistance.

Global Low-friction Coatings Market:Overview 

The demand for low-friction coatings has grown significantly inthe last few years as it helps in improving surface properties with respect towettability, corrosion-resistance, adhesion, and wear-resistance. Growingemployment of low-friction coatings in various industries has also projected todrive the market’s growth in the near future. Moreover, companies involved inmanufacturing low-friction coatings are developing advanced products to meetthe growing demand for application-specific products 

The global low-friction coatings market could be classified on the basis of end-use,product type, and geography. Based on the product type, the molybdenumdisulfide segment is likely to hold a maximum amount of share due to high wearresistance over the coming years. 

The report is developed by using advanced research methodologiesand standard analytical tools.

It will help stakeholders in understanding projections and growthbehavior, which will guide them in making better strategic decisions for theirfirms. Trends and opportunities coupled with challenges are also presented inthe report for players and investors to formulate winning strategies. Vendorlandscape, regional analysis, and segmentation are provided in thereport.  

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Global Low-friction Coatings Market: Trendsand Opportunities 

The demand for low-friction coatings is seen in variousindustries such as healthcare, automobile, transportation, and many others. Thedemand for low-friction coatings is high in food and healthcare sector becauseit facilitates smooth contact between two surfaces and ensures lessdegradation. In the automobile industry, using low-friction coatings displayincreases wear resistance and durability that helps in improving theperformance of substrate to which it is applied. Low-friction coatings is alsoused in the transportation industry as it helps in reducing noise, vibration,and emissions in vehicles. 

Furthermore, key players in the low-friction coatings marketfocusing on product innovation and product improvement. Introduction of newcoatings suitable for different industry verticals is also expected to createrewarding prospects for the low-friction coatings market. However, limitationson the use of a few compounds such as perfluorooctanoic acid and perfluoroctanesulfonate are restricting the market’s growth.

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Global Low-friction Coatings Market: RegionalAnalysis 

The global low-friction coatings market is categorized intomainly five regions Europe, Asia Pacific, the Middle East and Africa, LatinAmerica, and North America. Of these regions, Asia Pacific is likely to offerlucrative growth opportunity as industrialization is growing at a rapid pace.Growing demand for low-friction in the end-use industries such as transportationand automobile is also expected to drive the demand for low-friction coatingsin this region. Developed economies in Europe and North America are expected togrow substantially in the coming years. However, the Middle East and Africa aresmall markets for low friction coatings. 

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Global Low-friction Coatings Market: CompaniesMentioned 

The report on the low-friction coatings market provides thedetails about the leading players operating in the market. Some of theprominent players mentioned in the report are Whitfold Corporation, Dow CorningCorporation, Whitmore Manufacturing Company, Poeton Industries, EnduraCoatings, The Chemours Company, and Everlube Products.  Leading players inthe market are engaged in product development and product innovation tomaintain their position in the global market. They are also investing invarious business development strategies to increase their geographical reachand get a firm hold in the market.

This study by TMR is all-encompassing framework of the dynamicsof the market. It mainly comprises critical assessment of consumers' orcustomers' journeys, current and emerging avenues, and strategic framework toenable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS thatoffers detailed visualization of four elements:

·        Customer ExperienceMaps

·        Insights and Tools based on data-drivenresearch

·        Actionable Resultsto meet all the business priorities

·        Strategic Frameworks to boost the growthjourney

The study strives to evaluate the current and future growthprospects, untapped avenues, factors shaping their revenue potential, anddemand and consumption patterns in the global market by breaking it intoregion-wise assessment.

The following regional segments are covered comprehensively:

·        North America

·        Asia Pacific

·        Europe

·        Latin America

·        The Middle East and Africa