Latest Development Of Low-friction Coatings Market in Global Industry 2018

Albany, NY, 19th February : Recent research and the current scenario as well as future market potential of "Low-friction Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025" globally.

Friction is a resisting force that opposes the relative motion between two surfaces in contact with each other. Coating is a film or covering that is applied on the surface on an object, generally referred to as ‘substrate’.

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The function of coatings is to change surface properties of the substrate such as adhesion, wettability, corrosion-resistance, and wear-resistance. Low-friction coatings enable surfaces to make contact with each other while ensuring less surface degradation. Low-friction coatings are used in mechanisms comprising wear, friction, and lubrication. Low-friction coatings are employed wherein low coefficient of friction and high wear resistance are required. Low-friction coatings are used on metals such as cast iron, steel, anodized aluminum, magnesium, and titanium.

The low-friction coatings market is primarily driven by the growing automobile industry. Owing to durability and wear resistance offered by these coatings, they are applied in the automobile industry. Need for better experience of users in automobile, food, and health care industries and increased cost of disposal of assets propel the market. Stringent environmental regulations about use of conventional lubricants act as a driver for the low-friction coatings market. Moreover, rising demand for medical device coatings offers lucrative growth opportunities to the market. Development of new products for multiple verticals is another factor that is anticipated to boost the low-friction coatings market. However, restrictions on the use of perfluorooctanoic acid (PFOA) and perfluorooctane sulfonate (PFOS) are likely to hamper the market during the forecast period.

Based on product, the low-friction coatings market can be segmented into molybdenum disulfide, PTFE (polytetrafluoroethylene), and others (PFA, FEP, graphite, and tungsten disulfide). Among these, the molybdenum disulfide segment is projected to hold a significant share of the low-friction coatings market during the forecast period, due to high wear-resistance of the compound. Molybdenum disulfide transcends as a lubricating material by virtue of its layered structure and low coefficient of friction. Molybdenum disulfide is non-reactive to dilute acids and oxygen, resulting in its extensive usage in the automobile sector. PTFE is hydrophobic in nature and is used as a lubricant in machineries operating with sliding action, so as to reduce the energy consumption. FEP and PFA have relatively lower temperatures than molybdenum disulfide and PTFE, henceforth used in producing films (release films).

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Based on end-use industry, the low-friction coatings market can be divided into automobile & transportation, aerospace, general engineering, energy, food & health care, and others. The automobile & transportation segment accounts for a significant share of the market. Implications of low-friction coatings involve prevention of corrosion, arcing, and abrasion; improvement in friction control; delivery of electric insulation; and enhancement of overall fuel efficiency of automobiles. Demand for low friction coatings is anticipated to surge in the near future, due to reduction in noise, vibrations, and emissions in automobiles offered by coatings. The energy industry requires high electric and impact resistance at elevated temperatures, which is sufficed by low-friction coatings, as they offer barrier protection to resist sources of corrosion. The food & health care industry is getting a boost by employing low-friction coatings onto processing or packaging machinery with a purpose of preventing the food from sticking and improving its flow capacity.

In terms of geography, the global low-friction coatings market can be segmented into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific is anticipated to be a rapidly expanding market for low-friction coatings during the forecast period, due to rapid industrialization and rise in the demand in end-use industries such as transportation and automobile in China and India. North America and Europe hold a key market share, while Latin America and Middle East & Africa are projected to be emerging markets for low-friction coatings during the forecast period.

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Key players operating in the global low-friction coatings market include Dow Corning Corporation, The Chemours Company, Whitford Corporation, Endura Coatings, Whitmore Manufacturing Company, Everlube Products, and Poeton Industries.

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