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Low Friction Coatings Market by Type, Molybdenum Disulfide, End Use Industry, and Region - Global Forecast to 2021

Low Friction Coatings Market: Global Forecast until 2021

  • May 2017
  • 156 pages
  • ID: 4884891
In this report:
The automobile & transportation end-use industry accounted for ##.##% of the global market by volume; whereas the food & healthcare industry shared ##.##%, in 2015.
In terms of volume, the demand for low friction coatings in the food and healthcare industry was ## tons in 2015, which is projected to reach ##.## tons by 2021, at the highest CAGR of ##.##% between 2016 and 2021.

Summary

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"The low friction coatings market is estimated to rise at a compound annual growth rate of 5.70 percent during forecast period"

The low friction coatings market is estimated to grow $810.40M by 2021, at a compound annual growth rate of 5.70 percent from 2016 to 2021. Increasing automobile industry, stringent environmental regulations, and increasing demand for coating suitable for medical devices are the top drivers for the low friction coatings market.

PTFE is one of the top raw material for the manufacturing of low friction coatings. Nevertheless, regulations pertaining to perfluorooctanoic acid and perfluorooctane sulfonate used in emulsion polymerization of PTFE can restrain the rise of the PTFE-based low friction coatings segment.

"Molybdenum disulfide (MoS2) was the biggest segment of the low friction coatings market"

Molybdenum disulfide is used as a dry lubricant coating and is being increasingly used in high temperature and high pressure applications. MoS2 possesses properties including low coefficient of friction, wear resistance, and high temperature stability, among others.

"Automobile & transportation was the quickest-increasing end-use sector for low friction coatings"

Growing concerns about environmental issues and drawbacks of conventional lubricants including low heat stability and disposability have led to companies operational in the automotive market adopting low friction coatings to rise fuel efficiency and reduce the impact on the environment. The growing use of low friction coatings to minimize noise, vibrations, and emissions in automobiles has fueled the market demand for these coatings across the world.

"Asia-Pac is forecasted to be the quickest developing market for low friction coatings"

Asia Pacific (APAC) is one of the quickest-increasing sectors for various manufacturing markets, which has fueled the industry demand for low friction coatings in the territory. Emerging economies including China and India (IN) are attracting big investments from different manufacturers across the world.

Extensive primary audit sessions were conducted to determine and verify the market value for various segments and sub-segments and info collected by secondary research.

The break-up of primary interviews is presented below:

• By Company category - Tier 1 - 50.0 percent, Tier 2 - 37.0 percent, and Tier 3 - 13.0 percent

• By Description - C-suite - 46.0 percent, D-level - 31.0 percent, and Others - 23.0 percent

• By Area - North America continent - 33.0 percent, Europe (EU) - 28.0 percent, Asia-pac- 22%, South America- 11.0 percent, and Middle & Africa- 6.0 percent

Firms decribed in the low friction coatings market research report contain Dow Corning, The Chemours Company, Whitford Corporation, Endura Coatings, Vitracoat Inc., Poeton Sectors, Whitmore manufacturing company, and Harves Co. Ltd..

Segment Research

This market research classifies the low friction coatings market established on category, end-use sector, and area. The study includes exhaustive information concerning the main factors influencing the increase of the low friction coatings market including drivers, industry restraints, opportunities, and possibilities. An in-depth study of the main industry actors has been done to furnish industry insights into business overviews, products & services, top strategies, business growths, mergers & acquisitions, new industry product developments, strategic agreements, and recent evolutions in the sector.

Reasons to Buy the Report

The analysis will facilitate industry top players/new sector entrants in this sector in these ways:

1. This document breaks down the low friction coatings market comprehensively and offers the closest approximations of market sizes for the global market and sub-segments across verticals and localities.

2. The market research will facilitate partners distinguish the pulse of the sector and offer them information on the main market drivers, market restraints, opportunities, and alternatives.

3. This industry report will facilitate partners comprehend the top players and obtain business insights to improve their rank in the business sector. The competitive outlook section includes business developments, acquisitions, and new industry product developments.

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