Low Friction Coatings Market is expected to witness a CAGR of more than 5.7% between 2016 and 2021
[149 Pages Report] The Low Friction Coatings Market was valued at USD 581.3 Million in 2015 and is projected to reach USD 810.4 Million by 2021, at a CAGR of 5.7% from 2016 to 2021.Low friction coatings are being preferred over conventional lubricants, due to the ease of application and ability to perform under high pressure and temperature environment. Key end-use industries for these coatings include automotive & transportation, aerospace, general engineering, and food & healthcare.
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The low friction coatings market has also been segmented based on end-use industries, such as aerospace, automobile & transportation, general engineering, energy, food & healthcare, among others. The growth of end-use industries in emerging economies is expected to boost the growth of low friction coating market.
Asia-Pacific is expected to be the fastest-growing market for low friction coatings, due to rapid growth in end-use industries, such as automobile & transportation, food & healthcare, and general engineering. The growth of the manufacturing industry in Asia-Pacific has led to increased demand for low friction coatings in Asia-Pacific.
Key manufacturers in the market include Dow Corning Corporation (U.S.), The Chemours Company (U.S.), Whitford Corporation (U.S.), BECHEM (Germany), Endura Coatings (U.S.), and Poeton Industries (U.K.).
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