Report Ocean has just released an all-encompassing market research report delving deep into the Zero Friction Coatings Market industry. This report furnishes readers with invaluable insights into both present and future industry trends, equipping them with the means to discern the factors driving revenue growth and profitability. It meticulously scrutinizes the critical factors that impact both the global and regional markets, encompassing drivers, limitations, risks, challenges, opportunities, and trends specific to the industry. Additionally, the report underscores global certainties, undertakes comprehensive analysis of key players from upstream to downstream, and presents market forecasts, SWOT & PESTEL analysis, market scenarios, and feasibility studies.
Zero Friction Coatings Market is valued at approximately USD 826.8 million in 2021 and is anticipated to grow with a healthy growth rate of more than 5.6% over the forecast period 2022-2029. Zero friction coatings are paint-like substances made of submicron-sized solid lubricant particles and spread using solvents and resin mixtures. This coating is applied through the usage of customary painting methods including brushing, dipping, or spraying. The rising awareness about the coefficient of friction and anti-corrosion properties of the product, coupled with the rising demand from various end-use verticals are fostering market demand across the globe.
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The demand for zero friction coatings is on the rise across the automotive industry because this coating efficiently works under extreme environments such as high pressure, temperatures, and vacuums. According to Statista, the automotive sector worldwide generated USD 5,315 billion in terms of revenue in 2017, which is anticipated to rise and reach USD 8,931 billion by 2030. Thereby, the exponential development of the automotive sector is strengthening the Zero Friction Coatings Market at a significant rate. Moreover, the increasing development of application-specific products, as well as the growing R&D activities by key market players, are presenting various lucrative opportunities over the forecasting years. However, the high coefficient of friction under humidity and high friction at low loads is a challenging factor to the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Zero Friction Coatings Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The Asia Pacific dominated the market in terms of revenue, owing to the growth of the automobile industry and emerging economies. Whereas, Europe is also expected to grow with the highest CAGR during the forecast period, owing to factors such as the rising export of commercial vehicles, as well as presence of key market players in the market space.
Major market players included in this report are:
Endura Coatings
DuPont
VITRACOAT
Poeton
Bechem
ASV Multichemie Private Limited
GMM Coatings Private Limited
IKV Tribology Ltd.
Coim Group
DIC Corporation
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Recent Developments in the Market:
In June 2020, Poeton announced the introduction of a new low-friction coating Apticote 480A that have a remarkably low coefficient of friction with a 75.0% reduction in comparison to their previous offerings.
Global Zero Friction Coatings Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Type, Formulation, End-use, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
Polytetrafluoroethylene
Molybdenum Disulfide
Others
By Formulation:
Solvent-based Coatings
Water-based Coatings
Powder Coatings
By End-use:
Automobile & Transportation
Aerospace
General Engineering
Food & Healthcare
Energy
Others
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
Table of Contents:
- Executive Summary
- Introduction
- Methodology
- Market Overview
- Market Analysis
- Market Size and Forecast
- Market Trends
- Market Dynamics
- Market Segmentation
- Competitive Landscape
- Competitive Scenario
- Key Players
- Regional Analysis
- Regional Market Overview
- Market Size and Forecast by Region
- Product/Service Analysis
- Product/Service Overview
- Market Size and Forecast by Product/Service
- End-User Analysis
- End-User Overview
- Market Size and Forecast by End-User
- Industry Structure
- Key Findings and Recommendations
- Conclusion
Compelling Reasons to Invest:
Market Segmentation and Value Insights:
- The report offers a comprehensive market segmentation, providing market value data for each segment and sub-segment examined. This deepens your understanding of market dynamics and opportunities within specific market segments.
Focus on Rapid Growth and Dominant Regions:
- This study pinpoints regions and market segments poised for swift growth and those holding a substantial market share. This strategic insight aids businesses in targeting high-growth areas for investment.
Geographical Market Analysis:
- Emphasizing product or service consumption across different geographic areas, the report identifies region-specific variables that influence the market. It offers valuable insights into regional market dynamics.
Competitive Landscape:
- The report includes market rankings of major players, highlighting recent partnerships, product/service launches, business expansions, and acquisitions by profiled companies. This data facilitates a comprehensive understanding of the competitive landscape and industry trends.
Comprehensive Company Profiles:
- Detailed profiles are provided for top market players, encompassing business overviews, company insights, product benchmarking, and SWOT analysis. This aids in gaining a holistic perspective on key market players.
Market Outlook and Growth Prospects:
- The report presents the current market outlook and future growth prospects, considering recent changes and developments. It identifies growth opportunities, drivers, obstacles, and restrictions in both developing and emerging regions.
Market Analysis Using Porter’s Five Forces and Value Chain:
- The market report offers a multifaceted market analysis, utilizing Porter’s five forces to assess industry competitiveness and providing insights into the market using the Value Chain approach.
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