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Zero Friction Coating Market Trends

Report ID: GMI9111
Published Date: Apr 2024
Report Format: PDF

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Zero Friction Coating Market Trends

The market for zero friction coatings has grown and changed significantly in recent years due to the growing demand from a variety of industries for sustainability, dependability, and efficiency. The market is being shaped by significant developments in materials science, which have resulted in the creation of innovative coating, additive, and lubricant compositions with exceptional wear resistance and friction reduction capabilities. The use of eco-friendly coatings is also being fueled by strict environmental restrictions and a growing consciousness of sustainability issues, which is encouraging innovation in environmentally friendly formulas and manufacturing techniques.

Additionally, the market is growing due to the growing applications in sectors like manufacturing, renewable energy, automotive, and aerospace, where zero friction coatings provide ways to improve efficiency, cut down on energy use, and prolong the life of equipment. However, obstacles to commercial expansion include issues with cost, compliance with regulations, and technological complexity. All things considered, the market for zero friction coatings is expected to rise in the future due to ongoing R&D, technical developments, and a growing focus on efficiency and sustainability in industrial processes.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Zero friction coating industry size was USD 879 million in 2023 and will grow at a 6.1% CAGR between 2024 and 2032 due to increasing demand across various industries, and technological breakthroughs leading to improved coating formulations and application methods.

The solvent based segment achieved 35.54% of the revenue zero friction coating industry share in 2023 and will record 36.5% revenue share by 2032, driven by its widespread applicability in various industries and ability to deliver excellent adhesion, durability, and resistance to extreme conditions.

Asia Pacific zero friction coating industry reached a value of USD 438.4 million in 2023 and will expand to USD 753.7 million by 2032, attributed to burgeoning industrialization, robust manufacturing activities, and the presence of key automotive and aerospace sectors.

Major companies operating in the zero friction coating industry are AFT Flurotech, Asahi glass company, ASV Multichemie Private Limited, Bechem lubrication technology, Du Pont, Ellsworth Adhesive, Endura coating, Magnaplate, Poeton Industries ltd, PPG Industries, and Sandwell UK ltd, among others.