The scope of the low-friction coatings market is witnessing an upward trend due to the need to minimize friction between two surfaces that could impact the overall performance of an object when integrated into a process. Coating involves applying a layer or a covering on the surface of an object, usually referred to as substrate. Low-friction coatings when applied on a substrate improves its surface properties with respect to adhesion, corrosion-resistance, wettability, and wear-resistance.
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The global low-friction coatings market is segmented based on a few parameters, viz. product type, end-use, and geography. The molybdenum disulfide product segment is anticipated to hold a significant share owing to its high wear-resistance.
The growth of the automobile industry has been a key factor driving the low-friction coatings market. Low-friction coatings display virtues of durability and wear resistance that helps improve the performance of substrate to which they are applied. Stringent regulations that govern the use of conventional lubricants is driving the adoption of low-friction coatings to improve the performance of lubricants used for automobiles.
Low-friction coatings are widely used in the transportation sector as well. This is because low-friction coatings help reduce noise, emissions, and vibrations when applied to vehicles for transportation purposes.In energy and power operations, low-friction coatings serve high electric and impact resistance requirements at elevated temperatures. This is due to the property of these coatings to act as a barrier for sources of corrosion. The healthcare and food industry is serving to boost the growth of low-friction coatings market and vice-versa. The use of low-friction coatings on processing or packaging assembly helps prevent food from sticking and improves its flowing capacity.
Low-friction coatings help improve user experience leading to their adoption across a host of industries such as food and healthcare. Apart from this, low-friction coatings find substantial applications in medical devices. This is because low-friction coatings facilitate smooth contact between two surfaces while ensuring less degradation.Product improvements and product innovations are some other significant factors driving the low-friction coatings market. Introduction of new coatings that are suitable for several industry verticals has helped the market garner greater revenue share.
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The key players in the low-friction coatings market are engaged in product development and product innovation to gain a greater market share. Key players in the low-friction coatings market include Dow Corning Corporation, Whitfold Corporation, Whitmore Manufacturing Company, Poeton Industries, The Chemours Company, Endura Coatings, and Everlube Products.
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