Zero Friction Coatings Market are dry lubricant solutions that resemble common industrial varnishes, during their formulation. They contain resins as bonding agents, solid lubricants as pigments, as well as solvents. Zero friction coatings provides slippery surface that helps emulsions, gels, viscous liquids to slide freely. The application of zero friction coatings can be seen in biomedical devices, plastic packaging, electronics, marine, aerospace and automotive.
Global zero friction coatings market is expected to rise registering a substantial CAGR of 6.1% in the forecast period of 2019-2026. The rise in the market value can be attributed to the growing automobile industry and the need for better user experience, growing demand for medical devices coatings and stringent environment regulations.
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Competitive Analysis: Global Zero Friction Coatings Market
Few of the major competitors currently working in Global Zero Friction Coatings Market are Chemours Company, DOW Corning, Endura Coatings, Vitracoat, Inc., Poeton Industries, Whitford Corporation, Bechem, ASV Multichemie Pvt., Ltd., IKV Tribology, Ltd., Whitmore Manufacturing Company, Harves Co., Ltd., Amcor Limited, Wihuri Oyj, Sigma Plastics Group, American Packaging Corporation, Cosmo Films Limited among others.
Key Pointers Covered in the Global Zero Friction Coatings Market Trends and Forecast to 2026
- Global Zero Friction Coatings Market New Sales Volumes
- Global Zero Friction Coatings Market Replacement Sales Volumes
- Global Zero Friction Coatings Market Installed Base
- Global Zero Friction Coatings Market By Brands
- Global Zero Friction Coatings Market Size
- Global Zero Friction Coatings Market Procedure Volumes
- Global Zero Friction Coatings Market Product Price Analysis
- Global Zero Friction Coatings Market Healthcare Outcomes
- Global Zero Friction Coatings Market Cost of Care Analysis
- Global Zero Friction Coatings Market Regulatory Framework and Changes
- Global Zero Friction Coatings Market Prices and Reimbursement Analysis
- Global Zero Friction Coatings Market Shares in Different Regions
- Recent Developments for Global Zero Friction Coatings Market Competitors
- Global Zero Friction Coatings Market Upcoming Applications
- Global Zero Friction Coatings Market Innovators Study
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Key Developments in the Market:
- In May 2019, Dow Corning Corporation, a subsidiary of The Dow Chemical Company launched Molykote, an anti-friction coating into the market. The product shows excellent dry lubrication properties and is corrosion resistant. Such new launches will help the company to penetrate more into the market.
- In November 2016, Showa Denko K.K. acquired GMM Group, who is a manufacturer of specialty non-stick coating chemical. The acquisition will help the company to expand their business in China and Hong Kong, thus fulfilling all the requirements of customers from various industries.
- Rising demand for medical devices coatings; this factor will drive the market in the forecast period
- Growing automobile industry and need for better user experience will also propel the market in near future
- Stringent environment regulation on use of conventional lubricants; this factor will also help the market to grow
- Increased usage of zero-friction coatings by its end-users will also propel the market growth
- Slowly recovering European economies; this factor will hamper the growth of the market in near future
- Declining industrial goods production; this factor can also restrain the market
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Research Methodology: Global Zero Friction Coatings Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
- The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
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