DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Low Friction Coatings Market - Global Forecast to 2021" report to their offering.
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. Growing automobile industry, stringent environmental regulations, and growing demand for coating suitable for medical devices are the key drivers for the low friction coatings market.
PTFE is one of the key raw material for the manufacturing of low friction coatings. However, regulations pertaining to perfluorooctanoic acid and perfluorooctane sulfonate used in emulsion polymerization of PTFE can restrain the growth of the PTFE-based low friction coatings segment.
Rising concerns about environmental issues and drawbacks of conventional lubricants such as low heat stability and disposability have led to companies operational in the automotive industry adopting low friction coatings to increase fuel efficiency and reduce the impact on the environment. The increasing use of low friction coatings to reduce noise, vibrations, and emissions in automobiles has fueled the demand for these coatings across the globe.
Key Market Drivers:
Growing Automobile Industry and Need for Better User Experience
Tightening Environment Regulations on Use of Conventional Lubricants
and Increased Cost of Disposal
- Growing Demand for Medical Devices Coatings
- ASV Multichemie Pvt., Ltd.
- Chemours Company
- DOW Corning
- Endura Coatings
- GMM Coatings Pvt., Ltd.
- Harves Co., Ltd.
- IKV Tribology, Ltd.
- Poeton Industries
- Vitracoat, Inc.
- Whitford Corporation
Whitmore Manufacturing Company
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Global Low Friction Coatings Market, By Type
8 Low Friction Coatings Market, By End-Use Industry
9 Low Friction Coatings Market, By Region
10 Competitive Landscape
11 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/f8nnxq/low_friction