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The zero friction coatings market size is forecast to increase by USD 285.9 million at a CAGR of 5.69% between 2023 and 2028. Zero friction coatings have gained significant traction in various industries due to their ability to enhance reliability and reduce lubrication intervals. These coatings are applied as a thin film on metal surfaces to minimize the coefficient of friction, thereby reducing wear and tear. The use of encapsulated powder technology, which consists of grains with a thin shell of fusible soft metal, enables the coating to melt and flow into the irregularities of the metal surface during application, ensuring optimal adherence. MoS2, a naturally occurring mineral, is a popular choice for zero friction coatings due to its excellent lubricating properties. It is widely used in the energy industry for applications such as gas turbines, pumps, and valves. The increasing adoption of nanotechnology in the production of zero-friction coatings further enhances their performance. However, the high cost of these coatings remains a significant challenge for their widespread adoption.
Zero friction coatings have gained significant attention in various industries due to their ability to reduce wear and improve component performance. In the energy sector, these coatings play a crucial role in enhancing the efficiency and durability of equipment. This article provides an overview of the market in the energy industry, focusing on molybdenum disulfide (MoS2) and polytetrafluoroethylene (PTFE). PTFE-based low friction coatings, known for their excellent lubricating and corrosion protection properties, are increasingly used as raw material in supply chains, helping improve the efficiency of economies by reducing wear and enhancing the performance of components with PTFE-based low friction coatings.
Furthermore, PTFE, a synthetic fluoropolymer, is another common material used for zero friction coatings. Its unique properties, including low coefficient of friction and high thermal stability, make it suitable for high-temperature and high-wear applications. Solvent-based and water-based coatings are the two primary types of zero friction coatings and flow-friction coating used in the energy industry. Solvent-based coatings offer superior film thickness and excellent adhesion properties, making them ideal for applications requiring high wear resistance. Water-based coatings, on the other hand, are more environmentally friendly and offer easier application and faster drying times. The wear life of zero friction coatings is a critical factor in their adoption in the energy industry.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The PTFE based coatings segment is estimated to witness significant growth during the forecast period. Zero-friction coatings, specifically those based on polytetrafluoroethylene (PTFE), hold a significant position in the global market. PTFE is a synthetic fluoropolymer derived from tetrafluoroethylene. Notable for their exceptional non-stick properties and high chemical resistance, PTFE-based coatings exhibit a low friction coefficient. This attribute makes them a preferred choice in various industries, including automotive, aerospace, medical, and food processing. PTFE-based coatings are classified as dry lubricants, a type of coating that minimizes friction between surfaces without employing liquid or oil-based lubricants. The chemical stability, high-temperature resistance, and low friction coefficient of PTFE-based coatings make them optimal dry lubricants. However, challenges such as humidity and the need for precise application techniques can limit the use of PTFE-based coatings.
Furthermore, the solvent-based segment holds the largest market share, while the water-based coating segment is projected to witness significant growth due to its eco-friendly nature. Moreover, PTFE-based coatings offer additional benefits such as UV protection and chemical protection, making them a versatile solution for various applications. Exports play a crucial role in the market's growth, with major players focusing on expanding their reach to cater to the increasing demand
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The PTFE based coatings segment was valued at USD 407.00 million in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 55% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in the Asia Pacific (APAC) region is poised for substantial expansion over the coming years. This growth can be attributed to several factors, including the expanding customer base in the automotive and aerospace industries. Zero friction coatings offer significant benefits, such as reducing wear and tear and increasing equipment longevity. The presence of major automotive manufacturing hubs in countries like Japan, South Korea, and China further fuels market growth. In fact, the ASEAN region is the world's seventh-largest automotive manufacturing hub, producing approximately 3.5 million vehicles in 2021. Moreover, the economic health of the APAC region, coupled with non-commercial business practices, is expected to boost demand for zero friction coatings in various industries.
Furthermore, the increasing domestic and international air traffic, as well as air passenger traffic, also contribute to the growing demand for these coatings in the aerospace sector. Airports in the region are investing heavily in infrastructure upgrades, providing opportunities for zero friction coatings to be utilized in the maintenance and upkeep of airport facilities. Overall, the market in the APAC region holds immense potential for growth in the coming years.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing demand of zero friction coatings in end-user industries is the key driver of the market. The market is experiencing significant expansion due to increasing demand from various sectors, including the energy industry and medical devices. Zero friction coatings are applied to surfaces to minimize friction and wear, thereby increasing the lifespan of components and reducing maintenance costs. This trend is driving adoption across industries, particularly in the automotive sector, where these coatings are used on engine components such as bearings and pistons to enhance performance and improve fuel efficiency. Two prominent materials used in zero friction coatings are Molybdenum disulfide (MoS2) and Polytetrafluoroethylene (PTFE). These coatings are available in both solvent-based and water-based formats to cater to diverse application requirements.
Furthermore, the energy industry, specifically the oil and gas sector, is a significant consumer of zero friction coatings due to the harsh operating conditions that necessitate the use of durable coatings to prevent wear and corrosion. Medical device coatings are another growing application area for zero friction coatings. These coatings are used to enhance the biocompatibility and durability of medical devices, ensuring optimal patient safety and comfort. The raw materials used in these coatings must meet stringent regulatory requirements, making it essential for manufacturers to maintain the highest quality standards.
Increasing use of nanotechnology is the upcoming trend in the market. The market expansion is driven by the integration of nanotechnology in their production. Nanotechnology's application in creating coatings with superior lubricating capabilities, such as those made from graphene and carbon nanotubes, significantly decreases friction and wear between metal surfaces.
Furthermore, the application of nanotechnology in coating development enhances component reliability and extends their lifespan. Dry film thickness and coefficient of friction are crucial factors that influence the effectiveness of these coatings. Encapsulated powders, grains, and thin shells are common forms of zero-friction coatings, while fusible soft metals are utilized in their production.
The high cost of zero friction coatings is a key challenge affecting the market growth. Zero friction coatings, a technological advancement in industrial lubrication, offer significant benefits such as vacuum radiation resistance, non-flammability, and enhanced wear resistance. However, their high cost is a significant barrier to their wider adoption in various sectors, including automotive and energy.
Furthermore, the price point of zero friction coatings can be up to tenfold higher than conventional lubricants like mineral oil, grease, and synthetic oils. This financial hurdle poses a challenge for manufacturers, particularly when traditional lubricants can effectively meet performance requirements at a much lower expense. Key benefits of zero friction coatings include improved wettability, adhesion, oxidation resistance, and noise reduction. Despite these advantages, the high cost remains a critical concern, necessitating ongoing research and development efforts to make these coatings more affordable and accessible to a broader market.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
3M Co.: The company offers low friction coatings used for pump and turbine, concrete repairs, and storage tanks.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Zero friction coatings have revolutionized the energy industry by enhancing the wear life and performance of components in various applications. These coatings are primarily used in the energy sector due to their exceptional properties, including vacuum radiation resistance, non-flammability, and oxidation resistance. Molybdenum disulfide (MoS2) and polytetrafluoroethylene (PTFE) are the most common raw materials used in the production of zero friction coatings. The solvent-based segment and water-based coating segments dominate the market, with each offering unique advantages such as UV protection, chemical protection, and improved performance.
Furthermore, zero friction coatings are essential in the energy industry due to their ability to reduce noises, enhance safety, and improve reliability. They are also used in medical device coatings to ensure smooth surfaces and encapsulated powder for improved adhesion. The industrialization of zero friction coatings has led to advancements in coatings technology, including encapsulated powder, thin shell, and fusible soft metal. These coatings offer benefits such as high friction resistance, low coefficient of friction, and resistance to humidity and other environmental factors. Despite their advantages, there are limitations to the use of zero friction coatings, including production halts due to supply chain disruptions, economic downturns, and concerns over toxicity and overheated PTFE.
However, the rising demand for advanced engine systems, digital technology, and cleanroom conditions in the automotive and aerospace industries is expected to drive the growth of the market. The market for zero friction coatings is expected to benefit from the increasing demand for fuel economy, durability, and environmental compatibility in advanced engine systems, as well as the growing sales of electric cars and the expansion of air travel. However, non-commercial business practices and customer sentiment toward synthetic substances may pose challenges to the market's growth.
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Market Scope |
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Report Coverage |
Details |
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Page number |
166 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.69% |
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Market Growth 2024-2028 |
USD 285.9 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
5.12 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 55% |
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Key countries |
China, US, Japan, UK, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
3M Co., AFT Fluorotec Ltd., Akzo Nobel NV, ASV Multichemie Pvt. Ltd., Axalta Coating Systems Ltd., Carl Bechem GmbH, DuPont de Nemours Inc., Endura Coatings, GMM Coatings Pvt. Ltd., Henkel AG and Co. KGaA, IKV Tribology Ltd., Master Bond Inc., Nippon Paint Holdings Co. Ltd., Poeton Industries Ltd., PPG Industries Inc., RPM International Inc., Sandwell UK Ltd., The Chemours Co., The Sherwin Williams Co., and VITRACOAT |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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