[149 Pages Report] "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", is the report published by MarketsandMarkets™, the market is projected to reach
USD 810.4 Million by 2021, at a CAGR of 5.7% from 2016 to 2021.
Key
Target Audience:
·
Low friction coatings manufacturers, dealers, and
suppliers
·
Low friction coatings application service
providers
·
End-use industry players
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. Low friction
coatings are applied to achieve a lower coefficient of friction to enhance
smoothness in relative motion and reduce the loss of material. Low friction
coatings are being preferred over conventional lubricants, due to the ease of
application and ability to perform under high pressure and temperature
environment. The low friction coatings market depends largely on end-use
industries, such as aerospace, automotive, textile, general engineering,
chemical, food, pharma, and medical devices coatings. The low friction coatings
market in the automotive industry is witnessing high growth, due to their
increasing use to improve fuel efficiency.
Expansions and new product developments were the key growth
strategies adopted by major market players in low friction coatings market
between 2014 and 2016. Apart from these strategies, companies also adopted
joint ventures, agreements, and acquisitions to increase their market
penetration and regional coverage. Major players in the low friction coatings
market include Dow Corning Corporation (U.S.), The Chemours Company (U.S.),
Whitford Corporation (U.S.), BECHEM (Germany), Endura Coatings (U.S.), and
Everlube (U.S.).
Dow Corning Corporation (U.S.) adopted expansions and new
product developments as major development strategies. In August 2016, the
company developed a silver metallic colored anti-friction coating that can be
applied on visible parts of automobiles for a glossy finish. In March 2016, Dow
Corning Corporation signed an agreement with Chempoint, Inc., a subsidiary of
Univar, Inc. (U.S.), for the distribution of Molykote products in North
America, Europe, and Middle East & Africa. This is expected to help the
company to increase its market penetration and customer satisfaction through
dedicated service and enhanced supply chain.
The Chemours Company (U.S.), a spin-off from DuPont (U.S.),
adopted expansions as a key development strategy. The company established a new
Teflon Finishes production plant in China in July 2016. This increased capacity
helped of Chemours to cater to the automobile and industrial applications in
Asia-Pacific
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sales@marketsandmarkets.com
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
sales@marketsandmarkets.com
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