Low Friction Coatings Market - Worldwide Industry Trend, Growth & Forecast 2016- 2028 | Whitford Corporation, BECHEM, Endura Coatings
According to the latest report by Quince Market Insights, the Low Friction Coatings Market has been experiencing promising growth due to the growing demand in recent years for medical device-appropriate coating. The growth of the market is expected to drive increased demand from applications like aerospace and defence, automotive & transportation, general engineering, energy, food & healthcare.
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Demand for low-friction coatings has increased significantly in recent years as it helps to enhance surface properties in terms of wettability, corrosion-resistance, adhesion and wear-resistance. Growing employment of low-friction coatings in different industries has also projected to drive growth in the near future for the industry.
When environmental restrictions on the use of lubricants are rising tighter and the costs associated with disposal are increasing, there is increasing demand for thin film coatings with low friction that allow surfaces to rub against each other with reduced friction and wear. Hence the use of a low coefficient of friction coating to improve metal cutting and shaping instruments' tribological characteristics and to continuously extend machine components such as sliding bearings, seals, and valves. All these factors are propelling the growth of the low friction coatings market.
Segmentation for better understanding of this market and its growth prospects
The low friction coatings market has been segmented by product (polytetrafluoroethylene, molybdenum disulfide), by applications (aerospace and defence, automobile & transportation, general engineering, energy, food & healthcare) and by region (north america, western europe, eastern europe, asia pacific, middle east and rest of the world).
Low friction coatings reduce the tendency to stick and pick up material from the counter sheet, eliminating downtime for cleaning considerably. Therefore, anti-adhesive agents may be completely omitted when shaping device applications.
In recent years, demand for low-friction coatings has increased considerably as it helps to boost surface characteristics in terms of wettability, resistance to corrosion, adhesion and wear resistance. Also expected to drive market growth in the near future is the growing use of low-friction coatings in various sectors.
Strategic Factors Impacting Market Growth:
o Growing automobile sector
o Strict environmental regulations
o Growing demand for medical device-appropriate coating
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Regional distribution of Low Friction Coatings Market
Based on the region, the low friction coatings market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. Some of the main markets in North America and Western Europe also are typical suppliers of chemicals like specialty chemicals, bulk chemicals, and so on. Big North American and Western European firms are headquartered in this city. Some of the major markets in North America and Western Europe are also typical suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Big North American and Western European firms are headquartered in this city. Moreover, regulatory authorities have imposed strict guidelines with regard to environmental concerns and potential health hazards due to exposures. This has been more instrumental within the Western Europe region competitively. Some of the main economies in these regions include the US, Germany, UK, France, Canada, Italy, Spain, and so on.
The Asia Pacific and therefore the Middle East are expected to register substantial growth within the low friction coatings market during the forecast period. The demand is for the growth of major applications such as aerospace and defence, automotive & transport, general engineering, energy, food & healthcare.
The Middle East is composed of the UAE, Saudi Arabia, Iran, Israel, Egypt, etc. With operations by major chemical giants in the region, Eastern Europe was controlled mainly by Russia and Turkey. Rest the world which includes South America and Africa has strong potential for the market for low friction coatings. Global corporations have made growing investments in these regions. Major economies in these regions for the low friction coatings market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.
Major companies playing a crucial role in the growth of this market are: Dow Corning Corporation, TheChemours Company, Whitford Corporation, BECHEM, Endura Coatings, and Poeton Industries
Automobile & Transportation
Food & Healthcare
By Country (US, Canada, Mexico)
By Country (Germany, UK, France, Spain, Rest of Western Europe)
By Country (Russia, Turkey, Rest of Eastern Europe)
By Country (China, Japan, India, Rest of Asia Pacific)
By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
Rest of the World
By Region (Latin America, Brazil, Rest of the World)
Quince Market Insights
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