openPR Logo
Press release

Low Friction Coatings Market: A $1.75 Billion Landscape by 2033

05-07-2024 06:49 PM CET | Chemicals & Materials

Press release from: Fact.MR

Low Friction Coatings Market

Low Friction Coatings Market

Forecasts indicate that by the end of 2033, the global Low Friction Coatings Market (低摩擦コーティング市場) would have grown at a respectable compound annual growth rate (CAGR) of 6.7%, valued at US$ 1.75 billion. Reduced friction coatings are becoming more and more popular because of their capacity to enhance surface qualities like wettability, corrosion resistance, and wear resistance. Demand for low-friction coatings is anticipated to increase due to their growing use in a variety of industries, including automotive, healthcare, and transportation. Low-friction coatings are in high demand due to the increased need for perfectly coated medical equipment, stringent environmental regulations, and the rapidly expanding automotive industry.

Download Free Sample Copy of This Report -
https://www.factmr.com/connectus/sample?flag=S&rep_id=8441

Low friction coatings assure minimal deterioration and allow smooth contact between two surfaces, which further stimulates their demand in the food and healthcare industries as well. Low-friction coatings promote durability and wear resistance in the automobile industry, which is helpful to improve the overall performance of the substrate to which they are applied. In the transportation industry, low-friction coatings are used to assist in reducing pollution, noise, and vibration.

Rapid growth in the healthcare and automotive industries across developing countries, including India, and others are estimated to drive opportunities in the target market. Low-friction coatings can increase the service life and performance of products while eliminating the requirement for wet lubricants.

The application of super-hard and low-friction coatings in the automobile industry ensures durability, greater fuel efficiency, and a low-friction surface. A substantial expansion of the automobile sector is expected in the forecasted period. Shifting consumer interest, evolving digital technologies, and economic health are predicted to impact non-commercial vehicle manufacturing business practices which can generate demand for low-friction coatings as well.

Manufacturers of low-friction coatings are developing novel products to meet the increasing requirements for application-specific products. These newly developed products also match the standards and regulations, including restrictive use of lubricants and others, which are set by respective bodies. The newly produced low-friction coatings are utilized to improve the tribological qualities of metal shaping and cutting tools.

Key Takeaways from Market Study

The global low friction coatings market is valued at US$ 915 million in 2023.

Worldwide demand for low friction coatings is estimated to reach a value of US$ 1.75 billion by the end of 2033.

Consumption of low-friction coatings is estimated to increase at a CAGR of 6.7% through 2033.

Sales of molybdenum disulfide (MoS2) low friction coatings are predicted to expand at a CAGR of 6.2%.

Demand for low friction coatings is forecasted to expand at a CAGR of 6% from 2023 to 2033 in Canada.

Sales of low friction coatings are predicted to progress at a CAGR of 4.1% in Germany.

Get Customization on this Report for Specific Research Solutions -
https://www.factmr.com/connectus/sample?flag=RC&rep_id=8441

Competitive Landscape

Key providers of low friction coatings are increasing their expenditure to maintain product standards. They are also taking initiatives to strengthen their supply chain management systems.

The incorporation of advanced technologies and new product development are adopted by key players to attract consumers in the market.

For instance:

PPG, in April 2022, acquired Arsonsisi to maximize its reach across Europe and enhance its business for low-friction coatings. The latter is based in Milan and is an industrial coatings company.

The FUCHS Group, in June 2021, acquired Gleitmo Technik AB's lubricants business in Kungsbacka, Sweden. This acquisition broadened the product portfolio of The FUCHS Group.

Key Companies Profiled

Asv Multichemie Pvt., Ltd.
Whitford Corporation
Vitracoat America, Inc.
The Chemours Company
Poeton Industries Ltd.
Ikv Tribology, Ltd.
Harves Co., Ltd.
GMM Coatings Private Limited

Winning Strategy

Key providers of low-friction coatings are investing in advanced technologies and product developments to generate lucrative opportunities.

Poeton Industries introduced Apticote 480A in July 2020. It is a type of revolutionary low-friction coating, which combines the qualities of fluoropolymer and nickel materials to solve related problems. This launch concentrated on the expansion of the company's footprints.

Nippon Paint Marine (NPM), in June 2019, integrated cutting-edge technology into its regular antifoulings range to provide a practical means to reduce the use of fuel. This initiative is taken to meet the rising demand for low-friction coatings.

Segmentation of Low Friction Coating Industry Research

By Product:
Molybdenum Disulfide (MoS2)
Polytetrafluoroethylene (PTFE)
Others

By End Use:
Building & Construction
Automobile & Transportation
Aerospace
Marine
Electrical & Electronics
Food & Beverages
Medical & Healthcare
Chemicals
Others

By Formulation:
Water-based
Powder-based
Solvent-based
Others

By Region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Browse Full Report @ https://www.factmr.com/report/low-friction-coatings-market

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the low friction coatings market, presenting historical demand data (2018 to 2022) and forecast statistics for the period (2023 to 2033).

The study divulges essential insights on the market based on product (molybdenum, disulfide (MoS2), polytetrafluoroethylene (PTFE), others), end use (building & construction, aerospace, automobile & transportation, marine, food & beverages, electrical & electronics, medical & healthcare, chemicals, others), and formulation (water-based, solvent-based, powder-based, others), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).

Key Questions Covered in the Low Friction Coatings Market (Mercado de recubrimientos de baja fricción) Report

What will be the estimated size of the Market in 2023?

At what rate will the global Low Friction Coatings sales grow until 2033?

Which are the factors hampering the Low Friction Coatings demand?

Which region will spearhead the growth in the global industry during 2023-2033?

Which are the factors driving sales in the Low Friction Coatings Market during the forecast period?

Check out more related studies published by Fact.MR Research:

Cold Cast Elastomers Market:
https://www.factmr.com/report/2918/cold-cast-elastomers-market

Polyisobutylene (PIB) Market:
https://www.factmr.com/report/5160/polyisobutene-market

Unsaturated Polyester Resin Market:
https://www.factmr.com/report/4731/unsaturated-polyester-resin-market

Silicon Dioxide Market:
https://www.factmr.com/report/silicon-dioxide-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

𝐀𝐛𝐨𝐮𝐭 𝐅𝐚𝐜𝐭.𝐌𝐑
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Low Friction Coatings Market: A $1.75 Billion Landscape by 2033 here

News-ID: 3487765 • Views:

More Releases from Fact.MR

Triple Negative Breast Cancer Treatment Market is Growing at a CAGR of 4.6% by 2034 | Key players: Pfizer Inc., F. Hoffman-La Roche Ltd., Sanofi S.A., and Seattle Genetics, and Genentech.
10-03-2025 | Health & Medicine
Fact.MR
Triple Negative Breast Cancer Treatment Market is Growing at a CAGR of 4.6% by 2 …
Fact.MR today unveiled its latest report on the Triple Negative Breast Cancer Treatment Market, projecting steady yet impactful growth amid rising global breast cancer incidences and a push for innovative therapies targeting this aggressive subtype. Valued at USD 670.5 million in 2024, the global market is forecasted to expand at a compound annual growth rate (CAGR) of 4.6%, reaching USD 1.04 billion by 2034. This expansion underscores the urgent need
Pulmonary Fibrosis Treatment Market: U.S. to Grow to US$ 4.06 Billion by 2034, Led by Roche, Boehringer Ingelheim & Others
10-03-2025 | Health & Medicine
Fact.MR
Pulmonary Fibrosis Treatment Market: U.S. to Grow to US$ 4.06 Billion by 2034, L …
The global pulmonary fibrosis treatment market is poised for steady expansion, with its valuation projected to grow from USD 3,210 million in 2025 to USD 5,890 million by 2035. This growth reflects a compound annual growth rate (CAGR) of 6.2% over the forecast period from 2025 to 2035. The surge is primarily driven by the increasing prevalence of idiopathic pulmonary fibrosis (IPF), rising awareness of early diagnosis, and advancements in
Spices and Seasonings Market is Projected to Reach USD 23.6 Billion by 2035 | McCormick & Company, Associated British Foods, Olam International, Sensient Technologies, Kerry Group
10-03-2025 | Food & Beverage
Fact.MR
Spices and Seasonings Market is Projected to Reach USD 23.6 Billion by 2035 | Mc …
The global spices and seasonings market is set for significant growth, projected to expand from USD 14.5 billion in 2025 to USD 23.6 billion by 2035, achieving an absolute increase of USD 8.3 billion and a 57.2% overall growth. This trajectory reflects a compound annual growth rate (CAGR) of 5.0% over the forecast period from 2025 to 2035, representing a 1.57X market size increase. The expansion is driven by rising
Accounting Services Market: U.S. to Grow to US$ 640.73 Billion by 2034 at 10.3% CAGR, Supported by PwC, EY, Deloitte & KPMG
Accounting Services Market: U.S. to Grow to US$ 640.73 Billion by 2034 at 10.3% …
The global accounting services market is positioned for substantial growth, with its valuation projected to increase from USD 650 billion in 2025 to USD 1,250 billion by 2035. This expansion reflects a compound annual growth rate (CAGR) of 6.7% over the forecast period from 2025 to 2035. The market's surge is driven by the increasing complexity of financial regulations, the digital transformation of businesses, and the rising demand for outsourced

All 5 Releases


More Releases for Coating

Medical Grade Coating Market: How Nanotechnology Is Advancing Coating Solutions
► Medical Grade Coating Market Poised for Significant Growth, Projected to Reach USD 22.01 Billion by 2032 The global medical grade coating market, valued at USD 13.40 billion in 2024, is anticipated to experience robust growth, reaching approximately USD 22.01 billion by 2032. This represents a compound annual growth rate (CAGR) of 6.4% during the forecast period. Curious to peek inside? Grab your sample copy of this report now:https://www.maximizemarketresearch.com/request-sample/100541/ ► Market
Powder Coating Market - Advanced Coating Solutions for Industrial Applications | …
Powder Coating Market is expected to grow at a CAGR of 6.0% during the forecast period (2024 - 2031). Powder Coating Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers
Coating Equipment Market by Type (Powder coating equipment, Liquid coating equip …
The Coating Equipment Market research report incorporates the scope and objective of the study. Moreover, the report highlights key market segments and players covered. It also covers industry trends, focusing on market use cases and top market size by region, market trends, and global market size. Moreover, the Coating Equipment Market research report covers market growth rate and market share by region. Supply chain analysis, regional marketing analysis, opportunities, challenges,
Powder Coating Market, Powder Coating Market share, global Powder Coating Market …
High application scope in consumer goods, industrial and automotive applications will drive the powder coating market. Stringent government regulation regarding VOC emissions along with product features including emit less, ecofriendly and solvent free will fuel the industry growth. Expansion in the automotive & transportation industry particularly in the emerging nations will propel the powder coating market growth. Shifting trends towards reduction of heat requirement during the production process are the
Powder Coating Market, Powder Coating Market share, global Powder Coating Market …
High application scope in consumer goods, industrial and automotive applications will drive the powder coating market. Stringent government regulation regarding VOC emissions along with product features including emit less, ecofriendly and solvent free will fuel the industry growth. Expansion in the automotive & transportation industry particularly in the emerging nations will propel the powder coating market growth. Shifting trends towards reduction of heat requirement during the production process are the
Powder Coating Market, Powder Coating Market share, global Powder Coating Market …
High application scope in consumer goods, industrial and automotive applications will drive the powder coating market. Stringent government regulation regarding VOC emissions along with product features including emit less, ecofriendly and solvent free will fuel the industry growth. Expansion in the automotive & transportation industry particularly in the emerging nations will propel the powder coating market growth. Shifting trends towards reduction of heat requirement during the production process are the