Zero Friction Coatings Market size is predicted to cross USD 2 Billion by the end of 2036, expanding around 6% CAGR during the forecast period, i.e., 2023 – 2036. In the year 2023, the industry size of zero friction coatings was over USD 880 million. The growth of the market can be attributed to the growing need to increase the life of components across various industries. The increased demand for zero friction coatings can be owed to their greasing and corrosion-protecting characteristics. The product allows surfaces to come into contact with each other, resulting in less component degradation. It extends component wear life in industries such as automotive, energy, and aerospace.
In addition to these, the factor that is believed to fuel the market growth of zero friction coatings is rising manufacturing and industrialization. Growing industrialization has resulted in the growing need for machinery equipment in all sectors, such as manufacturing, aerospace, energy, and others. This has boosted the importance of productivity, durability, and efficiency of these machines. Zero friction coatings addressed all these requirements by minimizing the friction between the components of the machines.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~6% |
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Base Year Market Size (2023) |
~ USD 880 Million |
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Forecast Year Market Size (2036) |
~ USD 2 Billion |
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Regional Scope |
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Type (Polytetrafluoroethylene, Molybdenum Disulphide)
The molybdenum disulphide segment is estimated to hold 60% share of the global zero friction coatings market in the year 2036. The growth of the segment can be attributed to the enhanced capacity of the molybdenum disulphide to carry a heavy load and even these types of coatings have better adherence properties. MoS2 has a friction coefficient of around and it is a dry film lubricant that restricts fretting and improves the wear life at even high ranges of temperatures from -350 F to +500 F. Besides this, the growing use of MoS2 in automobiles and industrial machinery has further stimulated the segment’s growth. MoS2 do not react with corrosive chemicals and is thus used as an anti-corrosive in essential machinery components
End User (Aerospace, Automobile, General Engineering, Food & Healthcare, Energy)
Zero friction coatings market from the automobile segment is expected to garner a significant share of around 40% in the year 2036. The segment's growth can be linked to their capacity to minimize noise, which makes them perfect for automotive applications where they are utilized to reduce compartment noise, which is a necessity in cars these days. The advent of new electric vehicles has boosted the demand for zero friction coatings because these vehicles are extremely silent and have zero tailpipe noise which is beneficial for the environment. Therefore, the rising use of electric vehicles is going to drive the segment’s growth. The worldwide electric vehicle fleet is predicted to have 77 million passenger vehicles by 2025, an increase from around 20 million units in mid-year 2022.
Our in-depth analysis of the global zero friction coatings market includes the following segments:
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Type |
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Formulation Outlook |
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End User |
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APAC Market Forecast
The zero friction coatings market in Asia Pacific is projected to be the largest with a share of about 37% by the end of 2036. The growth of the market can be attributed majorly to the rising automotive industry in countries, such as China and India. There is growing need for zero friction coatings to improve fuel efficiency, reduce emissions, and extend the life of engine components. China's automotive sector is expected to generate around 23.8 million passenger cars in 2022. The Association of Southeast Asian Nations is the world's seventh-biggest automotive manufacturing hub, delivering around 3.5 million vehicles in 2021. Moreover, the region has some established automakers, such as Honda, BMW, Toyota, Maruti Suzuki, and others.
Europe Market Statistics
The European zero friction coatings market is estimated to be the second largest, registering a share of about 26% by the end of 2036. The growth of the market can be attributed majorly to the growing adoption of renewable energy sources, such as wind turbines and solar panels. Zero friction coatings are important in these systems to avoid energy losses. It increases the overall efficiency of renewable energy systems. Europe had 255 gigatonnes (GW) of installed wind capacity as of 2023. Moreover, in 2017, around 15, 700 MW of capacity of wind power was added in Europe, which accounted for around 55% of all the new power capacity. It was enough to suffice the power generation for the entire Europe. Furthermore, the presence of great automobile manufacturers is also expected to augment the market growth in the region.
Author Credits: Abhishek Verma, Hetal Singh
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