April 2022: PPG Industries, Inc. has announced the complete acquisition of complete manufacturing business of poweder coatings of Arsonsisi, an Milan-based company. The purchase will offer PPG with a completely computerised powder manufacturing factory in Verbania, Italy, ready for generating small and big batches. PPG will also have metal bonding capabilities across Europe, the Middle East, and Africa (EMEA). This will greatly benefit the PPG since the power sales of Arsonsisi was around USD 15 million in 2021.
June 2022: The FUCHS Group, a leading international lubricants company, has reached an agreement to acquire Gleitmo Technik AB's lubricants business in Kungsbacka, Sweden, and merge it into its subsidiary FUCHS LUBRICANTS SWEDEN AB. Through a Share Purchase arrangement, FUCHS buys 100% of the stocks in Gleitmo Technik AB, which entails the client base, its line of products, its staff, and the rental arrangement for the Gleitmo office and warehouse in Kungsbacka.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 5277
Published Date: Sep 28, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing demand for new automobiles and the rising need to improve the efficiency of industrial machinery are the major factors driving the market growth.
The market size of zero friction coatings is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2024 â€“ 2036.
The major players in the market are PPG Industries, Inc., The FUCHS Group, Peoton Industries, Endura Coatings, DuPont, VITRACOAT, ASV Multichemie Private Limited, GMM Coatings Private Limited, IKV Tribology Ltd., and Carl Bechem GmbH.
The molybdenum disulphide segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.