HOME Top Market Reports Low Friction Coatings Market by Type (Polytetrafluoroethylene (PTFE), Molybdenum Disulfide (MoS2), End Use Industry (Aerospace, Automobile & Transportation, General Engineering, Energy, Food & Healthcare), and Region - Global Forecast to 2021

Low Friction Coatings Market by Type (Polytetrafluoroethylene (PTFE), Molybdenum Disulfide (MoS2), End Use Industry (Aerospace, Automobile & Transportation, General Engineering, Energy, Food & Healthcare), and Region - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: April 2017
Report Code: CH 5208

 

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The low friction coatings market was valued at USD 581.3 Million in 2015 and is projected to reach USD 810.4 Million by 2021, at a CAGR of 5.7% from 2016 to 2021.
The base year considered for the study is 2015, while the forecast period is from 2016 to 2021.

The objectives of the report are as follows:

  • To analyze and forecast the size of the low friction coatings market, in terms of value and volume
  • To define, describe, and forecast the low friction coatings market, based on type, end-use industry, and region
  • To provide detailed information regarding the key factors, such as drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To forecast the size of market segments, in terms of value and volume (at regional level), with respect to five main regions, namely, North America, Europe, Asia-Pacific, the Middle East & Africa, and South America along with their major countries
  • To analyze the opportunities in the market for stakeholders and details of competitive landscape for market leaders
  • To analyze key developments such as new product launches, capacity expansions, and agreements in the low friction coatings market

Research Methodology

Both the top-down and bottom-up approaches have been used to estimate and validate the size of the low friction coatings market and estimate the sizes of various other dependent submarkets in the overall low friction coatings market. The research study involved the extensive use of secondary sources, directories, and databases such as Hoovers, Bloomberg, Chemical Weekly, Factiva, and other government and private websites to identify and collect information useful for the technical, market-oriented, and commercial study of the low friction coatings market.

Low Friction Coatings Market

To know about the assumptions considered for the study, download the pdf brochure

The low friction value chain includes raw material manufacturers such as AGC Chemicals Europe, Ltd. (U.K.), Daikin North America LLC. (U.S.), Gujarat Fluorochemicals Limited (India), and Uniflon America LLC (U.S.). Low friction coatings manufacturers include Dow Corning Corporation (U.S.), The Chemours Company (U.S.), Whitford Corporation (U.S.), Endura Coatings (U.S.), Whitmore Manufacturing Company (U.S.), Everlube Products (U.S.), and Poeton Industries (U.K.). Products manufactured by these companies are used by companies operational in the automotive, aerospace, general engineering, energy industries. These companies include BMW (Germany), Daimler (Germany), Volvo (Sweden), Boeing (U.S.), and general engineering companies, among others.

Key Target Audience:

  • Low friction coatings manufacturers, dealers, and suppliers
  • Low friction coatings application service providers
  • End-use industry players

Scope of the Report:

This research report categorizes the low friction coatings market based on type, end-use industry, and region.

Based on Type:

  • Molybdenum disulfide
  • PTFE
  • Others (PFA, FEP, Graphite, Tungsten disulfide)

Based on End-Use Industry:

  • Automobile & Transportation
  • Aerospace
  • General Engineering
  • Energy
  • Food & Healthcare
  • Others

Based on Region:

  • Europe
  • Asia-Pacific
  • North America
  • South America
  • Middle East & Africa

The market has been further analyzed for key countries in each of these regions.

Available Customizations:

Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Product Analysis:

  • Product matrix that gives a detailed comparison of product portfolio of each company

Regional Analysis:

  • Further breakdown of a region with respect to a country

Company Information:

  • Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Package Size
    1.7 Limitations
    1.8 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Key Data From Primary Sources
           2.1.3 Key Industry Insights
           2.1.4 Primary Data
           2.1.5 Breakdown of Primary Interviews
           2.1.6 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Opportunities in the Low Friction Coatings Market
    4.2 Asia-Pacific Low Friction Coatings Market, By End-Use Industry & Country, 2015
    4.3 Regional Market Share of Low Friction Coatings, By End-Use Industry
    4.4 Global Low Friction Coatings Market Attractiveness

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Automobile Industry and Need for Better User Experience
                    5.2.1.2 Tightening Environment Regulations on Use of Conventional Lubricants and Increased Cost of Disposal
                    5.2.1.3 Growing Demand for Medical Devices Coatings
           5.2.2 Restraints
                    5.2.2.1 Slowly Recovering European Economies and Declining Industrial Goods Production
                    5.2.2.2 Restriction About Perfluorooctanoic Acid (PFOA) and Perfluorooctane Sulfonate(PFOS)
           5.2.3 Opportunity
                    5.2.3.1 New Product Developments for Multiple Applications
                    5.2.3.2 Emerging Markets
           5.2.4 Challenges
                    5.2.4.1 Development of Eco-Friendly Low Friction Coatings
    5.3 Impact Analysis of Drivers and Restraints

6 Industry Trends (Page No. - 42)
    6.1 Porter’s Five Forces Analysis
           6.1.1 Bargaining Power of Suppliers
           6.1.2 Threat of New Entrants
           6.1.3 Threat of Substitutes
           6.1.4 Bargaining Power of Buyers
           6.1.5 Intensity of Rivalry
    6.2 Macroeconmic Overview and Key Drivers
           6.2.1 Aerospace Industry Trends
           6.2.2 Manufacturing Industry Trends and Forecast, By Country
           6.2.3 Passenger Cars Sales Trend, 2010–2015
           6.2.4 Healthcare Spending

7 Global Low Friction Coatings Market, By Type (Page No. - 52)
    7.1 Introduction
    7.2 PTFE-Based Low Friction Coatings
    7.3 MOS2 Based Low Friction Coatings
    7.4 Others
           7.4.1 FEP
           7.4.2 PFA
           7.4.3 Tungsten Disulfide
           7.4.4 Graphite

8 Low Friction Coatings Market, By End-Use Indsutry (Page No. - 61)
    8.1 Introduction
           8.1.1 Automobile & Transportation Industry
           8.1.2 Aerospace Industry
           8.1.3 General Engineering
           8.1.4 Food & Healthcare
           8.1.5 Energy
                    8.1.5.1 Oil & Gas
                    8.1.5.2 Power
           8.1.6 Other End-Use Industries

9 Low Friction Coatings Market, By Region (Page No. - 74)
    9.1 Introduction
    9.2 Asia-Pacific
           9.2.1 China
           9.2.2 Japan
           9.2.3 India
           9.2.4 South Korea
           9.2.5 Indonesia
           9.2.6 Thailand
           9.2.7 Rest of the Asia-Pacific
    9.3 North America
           9.3.1 U.S.
           9.3.2 Canada
           9.3.3 Mexico
    9.4 Europe
           9.4.1 Germany
           9.4.2 France
           9.4.3 U.K.
           9.4.4 Italy
           9.4.5 Russia
           9.4.6 Rest of the Europe
    9.5 South America
           9.5.1 Brazil
           9.5.2 Argentina
           9.5.3 Rest of South America
    9.6 Middle East & Africa
           9.6.1 Saudi Arabia
           9.6.2 South Africa
           9.6.3 Rest of the Middle East & Africa

10 Competitive Landscape (Page No. - 115)
     10.1 Dive Analysis for Low Friction Coatings:
             10.1.1 Vanguards
             10.1.2 Innovators
             10.1.3 Dynamic
             10.1.4 Emerging
             10.1.5 Dive Chart
     10.2 Products Offering
     10.3 Business Strategy

11 Company Profiles (Page No. - 119)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     11.1 Chemours Company
     11.2 DOW Corning
     11.3 Endura Coatings
     11.4 Vitracoat, Inc.
     11.5 Poeton Industries
     11.6 Whitford Corporation
     11.7 Bechem
     11.8 ASV Multichemie Pvt., Ltd.
     11.9 GMM Coatings Pvt., Ltd.
     11.10 IKV Tribology, Ltd.
     11.11 Whitmore Manufacturing Company
     11.12 Harves Co., Ltd.
     11.13 Other Industry Players:

*Details Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 146)
     12.1 Insights From Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details


List of Tables (101 Tables)

Table 1 Market of New Airplanes, By Region, 2015
Table 2 Contribution of Manufacturing Industry to GDP, By Country, 2015–2021 (USD Billion)
Table 3 Passenger Cars Sales Trend, By Country
Table 4 Low Friction Coatings Market Size, By Type, 2014–2021 (USD Million)
Table 5 Low Friction Coatings Market Size, By Type, 2014–2021 (Ton)
Table 6 PTFE-Based Low Friction Coatings Market Size, By Region, 2014–2021 (USD Million)
Table 7 PTFE-Based Low Friction Coatings Market Size, By Region, 2014–2021 (Ton)
Table 8 MOS2 Based Low Friction Coatings Market Size, By Region, 2014–2021 (USD Million)
Table 9 MOS2 Based Low Friction Coatings Market Size, By Region, 2014–2021 (Ton)
Table 10 Other Low Friction Coatings Market Size, By Region, 2014–2021 (USD Million)
Table 11 Other Low Friction Coatings Market Size, By Region, 2014–2021 (Ton)
Table 12 Low Friciton Coatings Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 13 Low Friciton Coatings Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 14 Low Friction Coatings Market Size in Automobile & Transportation, By Region, 2014–2021 (USD Million)
Table 15 Low Friction Coatings Market Size in Automobile & Transportation, By Region, 2014–2021 (Ton)
Table 16 Low Friction Coatings Market Size in Aerospace, By Region, 2014–2021 (USD Million)
Table 17 Low Friction Coatings Market Size in Aerospace, By Region, 2014–2021 (Ton)
Table 18 Low Friction Coatings Market Size in General Engineering, By Region, 2014–2021 (USD Million)
Table 19 Low Friction Coatings Market Size in General Engineering, By Region, 2014–2021 (Ton)
Table 20 Low Friction Coatings Market Size in Food & Healthcare, By Region, 2014–2021 (USD Million)
Table 21 Low Friction Coatings Market Size in Food & Healthcare, By Region, 2014–2021 (Ton)
Table 22 Low Friction Coatings Market Size in Energy, By Region, 2014–2021 (USD Million)
Table 23 Low Friction Coatings Market Size in Energy, By Region, 2014–2021 (Ton)
Table 24 Low Friction Coatings Market Size in Other End-Use Industries, By Region, 2014–2021 (USD Million)
Table 25 Low Friction Coatings Market Size in Other End-Use Industries, By Region, 2014–2021 (Ton)
Table 26 Low Friction Coatings Market Size, By Region, 2014–2021 (USD Million)
Table 27 Low Friction Coatings Market Size, By Region, 2014–2021 (Tons)
Table 28 Asia-Pacific: Low Friction Coatings Market Size, By Country, 2014–2021 (USD Million)
Table 29 Asia-Pacific: Low Friction Coatings Market Size, By Country, 2014–2021 (Ton)
Table 30 Asia-Pacific: Low Friction Coatings Market Size, By Type, 2014–2021 (USD Million)
Table 31 Asia-Pacific: Low Friction Coatings Market Size, By Type, 2014–2021 (Ton)
Table 32 Asia-Pacific: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 33 Asia-Pacific: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 34 China: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 35 China: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 36 Japan: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 37 Japan: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 38 India: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 39 India: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 40 South Korea: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 41 South Korea: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 42 Indonesia: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 43 Indonesia: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 44 Thailand: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 45 Thailand: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 46 Rest of Asia-Pacific: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 47 Rest of Asia-Pacific: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 48 North America: Low Friction Coatings Market Size, By Country, 2014–2021 (USD Million)
Table 49 North America: Low Friction Coatings Market Size, By Country, 2014–2021 (Ton)
Table 50 North America: Low Friction Coatings Market Size, By Type, 2014–2021 (USD Million)
Table 51 North America: Low Friction Coatings Market Size, By Type, 2014–2021 (Ton)
Table 52 North America: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 53 North America: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 54 U.S.: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 55 U.S.: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 56 Canada : Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 57 Canada : Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 58 Mexico: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 59 Mexico : Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 60 Europe: Low Friction Coatings Market Size, By Country, 2014–2021 (USD Million)
Table 61 Europe: Low Friction Coatings Market Size, By Country, 2014–2021 (Ton)
Table 62 Europe: Low Friction Coatings Market Size, By Type, 2014–2021 (USD Million)
Table 63 Europe: Low Friction Coatings Market Size, By Type, 2014–2021 (Ton)
Table 64 Europe: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 65 Europe : Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 66 Germany : Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 67 Germany : Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 68 France : Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 69 France : Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 70 UK: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 71 UK: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 72 Italy: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 73 Italy: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 74 Russia: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 75 Russia: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 76 Rest of the Europe : Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 77 Rest of the Europe: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 78 South America: Low Friction Coatings Market Size, By Country, 2014–2021 (USD Million)
Table 79 South America: Low Friction Coatings Market Size, By Country, 2014–2021 (Ton)
Table 80 South America: Low Friction Coatings Market Size, By Type, 2014–2021 (USD Million)
Table 81 South America: Low Friction Coatings Market Size, By Type, 2014–2021 (Ton)
Table 82 South America: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 83 South America: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 84 Brazil: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 85 Brazil: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 86 Argentina: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 87 Argentina: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 88 Rest of South America: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 89 Rest of South America: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 90 Middle East & Africa: Low Friction Coatings Market Size, By Country, 2014–2021 (USD Million)
Table 91 Middle East & Africa: Low Friction Coatings Market Size, By Country, 2014–2021 (Ton)
Table 92 Middle East & Africa: Low Friction Coatings Market Size, By Type, 2014–2021 (USD Million)
Table 93 Middle East & Africa: Low Friction Coatings Market Size, By Type, 2014–2021 (Ton)
Table 94 Middle East & Africa : Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 95 Middle East & Africa: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 96 Middle East & Africa : Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 97 Middle East & Africa : Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 98 South Africa: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 99 South Africa: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 100 Rest of the Middle East & Africa : Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 101 Rest of the Middle East & Africa: Low Friction Coatings Market Size, By End-Use Industry, 2014–2021 (Ton)


List of Figures (38 Figures)

Figure 1 Low Friction Coatings Market Segmentation
Figure 2 Low Friction Coatings Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Low Friction Coatings Market: Data Triangulation
Figure 6 Molybdenum Disulfide Coatings to Remain the Dominant Type in the Low Friction Coatings Market Till 2021
Figure 7 Automobile & Transportation Industry to Lead the Low Friction Coatings Market
Figure 8 Asia-Pacific Low Friction Coatings Market to Witness Significant Growth During the Forecast Period
Figure 9 India & China are Estimated to Show the Highest Growth Rates in the Low Friction Coatings Market Across the Globe
Figure 10 Growing Demand for Low Friction Coatings From Automobile & Transportation Industry Expected to Drive the Market
Figure 11 China Accounted for the Largest Share of the Low Friction Coatings Market in Asia-Pacific, in 2015
Figure 12 Automobile & Transportation Industry Accounted for the Largest Share in the Global Low Friction Coatings Market, in 2015
Figure 13 Asia-Pacific to Be the Fastest Growing Market During the Forecast Period
Figure 14 Drivers, Restraints, Opportunities, and Challenges in the Low Friction Coatings Market
Figure 15 Low Friction Coatings Market: Porter’s Five Forces Analysis
Figure 16 Market of New Airplanes, By Region, 2015
Figure 17 Contribution of Manufacturing Industry to GDP, By Country, 2015 (USD Billion)
Figure 18 Healthcare Spending, By Region (% of GDP in 2016)
Figure 19 Proportion of Aged Population (% of Total Population) 2000 vs 2015
Figure 20 Global Low Friction Coatings Market, By Type, 2015 (USD Million)
Figure 21 MOS2 to Lead the Low Friction Coatings Market During the Forecast Period
Figure 22 Asia-Pacific to Lead the PTFE-Based Low Friction Coatings During the Forecast Period
Figure 23 Asia-Pacific is Projected to Register the Highest CAGR for MOS2 Low Friction Coatings During the Forecast Period
Figure 24 Middle East & Africa is Projected to Register the Highest CAGR for Other Low Friction Coatings Market During the Forecast Period
Figure 25 Automobile & Transportation Was the Largest End-Use Industry for the Low Friction Coatings Market in 2015
Figure 26 Asia-Pacific to Be the Fastest Growing Market for Low Friction Coatings in Automobile & Transportion Industry
Figure 27 Asia-Pacific to Be the Largest Market for Low Friction Coatings for the Aerospace Industry
Figure 28 Asia-Pacific is the Fastest Growing Market for Low Friction Coatings in General Engineering
Figure 29 Asia-Pacific to Be the Largest Low Friction Coatings Market in Food & Healthcare
Figure 30 Asia-Pacific to Be the Largest Market for Low Friction Coatings in Energy Segment
Figure 31 Asia-Pacific to Be the Largest Market for Low Friction Coatings in Other End-Use Industry
Figure 32 Regional Snapshot: Rapidly Growing Markets are Emerging as New Hotspots
Figure 33 Asia-Pacific Snapshot: India to Be the Fastest-Growing Market
Figure 34 North America Snapshot: the Automobile & Transportation Industry is Expected to Drive the Low Friction Coatings Market During the Forecast Period
Figure 35 U.S. Market Snapshot: 2016 vs 2021
Figure 36 European Market Snapshot: UK to Be the Fastest-Growing Market
Figure 37 Chemours: Company Snapshot
Figure 38 DOW Corning: Company Snapshot

The low friction coatings market is projected to reach USD 810.4 Million by 2021, at a CAGR of 5.7% from 2016 to 2021. Growing end-use industries and changing needs of consumers have fueled the demand for new and advanced low friction coatings. The development of various new and efficient low friction coatings has led to the use of the coatings in various new applications.

Based on type, the low friction coating market has been segmented into molybdenum disulfide, PTFE, and others. Molybdenum disulfide (MoS2) is the most widely used type of low friction coatings. The molybdenum disulfide (MoS2) low friction coatings segment is expected to witness rapid growth during the forecast period, due to their ability to perform under very high temperature and high pressure environments. PTFE coatings are generally used in applications where high wear resistance is required and the operating temperature is low.

The low friction coatings market has also been segmented based on end-use industries, such as aerospace, automobile & transportation, general engineering, energy, food & healthcare, among others. The growth of end-use industries in emerging economies is expected to boost the growth of low friction coating market.

Asia-Pacific is expected to be the fastest-growing market for low friction coatings, due to rapid growth in end-use industries, such as automobile & transportation, food & healthcare, and general engineering. The growth of the manufacturing industry in Asia-Pacific has led to increased demand for low friction coatings in Asia-Pacific.

Low Friction Coatings Market

Growing automobile industry has led to increasing demand for low friction coatings, globally. Asia-Pacific is one of the fastest-growing markets for several manufacturing industries, which has fueled the demand for low friction coatings in the region. India is expected to be the fastest-growing market for low friction coatings during the forecast period.  Key manufacturers in the market include Dow Corning Corporation (U.S.), The Chemours Company (U.S.), Whitford Corporation (U.S.), BECHEM (Germany), Endura Coatings (U.S.), and Poeton Industries (U.K.).

Companies are investing in expansions and developing advanced products to cater to the increasing demand and provide application-specific products. In August 2016, Dow Corning Corporation introduced a new product with a glossy look to meet the aesthetic and functional need of the automobile industry. In July 2016, Chemours established a new Teflon finishes plant in China.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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