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Global Zero Friction Coatings Market to reach USD 1278.53 million by the end of 2029

Global Zero Friction Coatings Market Size study & Forecast, 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) and Regional Analysis, 2022-2029

Product Code: CMPCA-24206378
Publish Date: 29-01-2023
Page: 200

Global 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.

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
ASV Multichemie Private Limited
GMM Coatings Private Limited
IKV Tribology Ltd.
Coim Group
DIC Corporation

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:
Molybdenum Disulfide

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

By End-use:
Automobile & Transportation
General Engineering
Food & Healthcare

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
1.2.1. Zero Friction Coatings Market, by Region, 2019-2029 (USD Million)
1.2.2. Zero Friction Coatings Market, by Type, 2019-2029 (USD Million)
1.2.3. Zero Friction Coatings Market, by Formulation, 2019-2029 (USD Million)
1.2.4. Zero Friction Coatings Market, by End-use, 2019-2029 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Zero Friction Coatings Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Zero Friction Coatings Market Dynamics
3.1. Zero Friction Coatings Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Increasing awareness of the zero friction coatings properties like coefficient of friction and anti-corrosion properties Growing automotive sector
3.1.2. Market Challenges High coefficient of friction under humidity High friction at low loads
3.1.3. Market Opportunities Increasing development of application-specific products Growing R&D activities by key market players
Chapter 4. Global Zero Friction Coatings Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Zero Friction Coatings Market, by Type
6.1. Market Snapshot
6.2. Global Zero Friction Coatings Market by Type, Performance – Potential Analysis
6.3. Global Zero Friction Coatings Market Estimates & Forecasts by Type 2019-2029 (USD Million)
6.4. Zero Friction Coatings Market, Sub Segment Analysis
6.4.1. Polytetrafluoroethylene
6.4.2. Molybdenum Disulfide
6.4.3. Others
Chapter 7. Global Zero Friction Coatings Market, by Formulation
7.1. Market Snapshot
7.2. Global Zero Friction Coatings Market by Formulation, Performance – Potential Analysis
7.3. Global Zero Friction Coatings Market Estimates & Forecasts by Formulation 2019-2029 (USD Million)
7.4. Zero Friction Coatings Market, Sub Segment Analysis
7.4.1. Solvent-based Coatings
7.4.2. Water-based Coatings
7.4.3. Powder Coatings
Chapter 8. Global Zero Friction Coatings Market, by End-use
8.1. Market Snapshot
8.2. Global Zero Friction Coatings Market by End-use, Performance – Potential Analysis
8.3. Global Zero Friction Coatings Market Estimates & Forecasts by End-use 2019-2029 (USD Million)
8.4. Zero Friction Coatings Market, Sub Segment Analysis
8.4.1. Automobile & Transportation
8.4.2. Aerospace
8.4.3. General Engineering
8.4.4. Food & Healthcare
8.4.5. Energy
8.4.6. Others
Chapter 9. Global Zero Friction Coatings Market, Regional Analysis
9.1. Zero Friction Coatings Market, Regional Market Snapshot
9.2. North America Zero Friction Coatings Market
9.2.1. U.S. Zero Friction Coatings Market Type breakdown estimates & forecasts, 2019-2029 Formulation breakdown estimates & forecasts, 2019-2029 End-use breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Zero Friction Coatings Market
9.3. Europe Zero Friction Coatings Market Snapshot
9.3.1. U.K. Zero Friction Coatings Market
9.3.2. Germany Zero Friction Coatings Market
9.3.3. France Zero Friction Coatings Market
9.3.4. Spain Zero Friction Coatings Market
9.3.5. Italy Zero Friction Coatings Market
9.3.6. Rest of Europe Zero Friction Coatings Market
9.4. Asia-Pacific Zero Friction Coatings Market Snapshot
9.4.1. China Zero Friction Coatings Market
9.4.2. India Zero Friction Coatings Market
9.4.3. Japan Zero Friction Coatings Market
9.4.4. Australia Zero Friction Coatings Market
9.4.5. South Korea Zero Friction Coatings Market
9.4.6. Rest of Asia Pacific Zero Friction Coatings Market
9.5. Latin America Zero Friction Coatings Market Snapshot
9.5.1. Brazil Zero Friction Coatings Market
9.5.2. Mexico Zero Friction Coatings Market
9.5.3. Rest of Latin America Zero Friction Coatings Market
9.6. Rest of The World Zero Friction Coatings Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Endura Coatings Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. DuPont
10.2.4. Poeton
10.2.5. Bechem
10.2.6. ASV Multichemie Private Limited
10.2.7. GMM Coatings Private Limited
10.2.8. IKV Tribology Ltd.
10.2.9. Coim Group
10.2.10. DIC Corporation
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Market driving trends and favorable economic conditions
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