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The future of the global low friction coating market looks promising with opportunities in the aerospace, automobile & transportation, general engineering, energy, and food & healthcare markets. The global low friction coating market is expected to reach an estimated $1.4 billion by 2030 with a CAGR of 5.5% from 2024 to 2030. The major drivers for this market are rising automobile industry, growing environment regulations on use of conventional lubricants, and rising use of these coating on medical devices.
A more than 150-page report is developed to help in your business decisions.
The study includes a forecast for the global low friction coating by type, end use, and region.
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies low friction coating companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the low friction coating companies profiled in this report include-
Lucintel forecasts that molybdenum disulfide (MoS2) is expected to witness higher growth over the forecast period due to it's capacity to work in very hot and pressurized setting.
Within this market, automobile & transportation is expected to witness highest growth over the forecast period due to significant application of low friction coating in the automotive parts.
APAC is expected to witness highest growth over the forecast period due to rising demand for low friction coating from various end use industries, such as automobile & transportation, food & healthcare, and general engineering sectors of the region.
Market Size Estimates: Low friction coating market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Low friction coating market size by type, end use, and region in terms of value ($B).
Regional Analysis: Low friction coating market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, end uses, and regions for the low friction coating market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the low friction coating market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Answer: The global low friction coating market is expected to reach an estimated $1.4 billion by 2030.
Answer: The global low friction coating market is expected to grow with a CAGR of 5.5% from 2024 to 2030.
Answer: The major drivers for this market are rising automobile industry, growing environment regulations on use of conventional lubricants and rising use of these coating on medical devices.
Answer: The future of the low friction coating market looks promising with opportunities in the aerospace, automobile & transportation, general engineering, energy, and food & healthcare markets.
Answer: Some of the key low friction coating companies are as follows:
Answer: Lucintel forecasts that molybdenum disulfide (MoS2) is expected to witness higher growth over the forecast period due to it's capacity to work in very hot and pressurized setting.
Answer: APAC is expected to witness highest growth over the forecast period due to rising demand for low friction coating from various end use industries, such as automobile & transportation, food & healthcare, and general engineering sectors of the region.
Answer: Yes, Lucintel provides 10% customization without any additional cost.