Zero Friction Coatings Market Size

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.