Global Low-friction Coatings Market: Overview
The demand for low-friction coatings has grown significantly in the last few years as it helps in improving surface properties with respect to wettability, corrosion-resistance, adhesion, and wear-resistance. Growing employment of low-friction coatings in various industries has also projected to drive the market’s growth in the near future. Moreover, companies involved in manufacturing low-friction coatings are developing advanced products to meet the growing demand for application-specific products
The global low-friction coatings market could be classified on the basis of end-use, product type, and geography. Based on the product type, the molybdenum disulfide segment is likely to hold a maximum amount of share due to high wear resistance over the coming years.
The report is developed by using advanced research methodologies and standard analytical tools.
It will help stakeholders in understanding projections and growth behavior, which will guide them in making better strategic decisions for their firms. Trends and opportunities coupled with challenges are also presented in the report for players and investors to formulate winning strategies. Vendor landscape, regional analysis, and segmentation are provided in the report.
Global Low-friction Coatings Market: Trends and Opportunities
The demand for low-friction coatings is seen in various industries such as healthcare, automobile, transportation, and many others. The demand for low-friction coatings is high in food and healthcare sector because it facilitates smooth contact between two surfaces and ensures less degradation. In the automobile industry, using low-friction coatings display increases wear resistance and durability that helps in improving the performance of substrate to which it is applied. Low-friction coatings is also used in the transportation industry as it helps in reducing noise, vibration, and emissions in vehicles.
Furthermore, key players in the low-friction coatings market focusing on product innovation and product improvement. Introduction of new coatings suitable for different industry verticals is also expected to create rewarding prospects for the low-friction coatings market. However, limitations on the use of a few compounds such as perfluorooctanoic acid and perfluoroctane sulfonate are restricting the market’s growth.
Global Low-friction Coatings Market: Regional Analysis
The global low-friction coatings market is categorized into mainly five regions Europe, Asia Pacific, the Middle East and Africa, Latin America, and North America. Of these regions, Asia Pacific is likely to offer lucrative growth opportunity as industrialization is growing at a rapid pace. Growing demand for low-friction in the end-use industries such as transportation and automobile is also expected to drive the demand for low-friction coatings in this region. Developed economies in Europe and North America are expected to grow substantially in the coming years. However, the Middle East and Africa are small markets for low friction coatings.
Global Low-friction Coatings Market: Companies Mentioned
The report on the low-friction coatings market provides the details about the leading players operating in the market. Some of the prominent players mentioned in the report are Whitfold Corporation, Dow Corning Corporation, Whitmore Manufacturing Company, Poeton Industries, Endura Coatings, The Chemours Company, and Everlube Products. Leading players in the market are engaged in product development and product innovation to maintain their position in the global market. They are also investing in various business development strategies to increase their geographical reach and get a firm hold in the market.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.