The global zero friction coatings market is anticipated to hold a market value of USD 879 Million in 2023 and USD 1,575.59 Million by 2033. The projected growth rate is nearly 6% during the forecast period from 2023 to 2033.
The growing demand for zero friction coatings is attributed to their lubricating and corrosion protection properties which increase the wear life of a component across industries such as automotive, energy, and aerospace. The product enables surfaces to make contact with each other and ensures less degradation of the component.
| Report Attributes | Details |
|---|---|
| Estimated Market Value in 2023 | USD 879 Million |
| Estimated Market Value in 2033 | USD 1,575.59 Million |
| Projected CAGR from 2023 to 2033 | 6% |
The global zero friction coatings market garnered USD 830 Million in 2022, expanding at a historical CAGR of 4.6%. The growth is attributed to the expansion in various end-use industries especially the healthcare sector coupled with demand for medical device coatings.
The rising application of PTFE-based low friction coatings as a raw material by the various end-user verticals such as the automobile and transportation industry, aerospace industry, general engineering, food and healthcare, energy, oil and gas, power, and others will also propel growth in the market.
In the years to come, rising industrialization is projected to lead to an increased focus of the manufacturers on the development of new and efficient zero-friction coatings. The estimation reveals that the industry is projected to secure a market value of USD 1,575.59 Million by 2033.
Growing Technological Advancements to Aid Market Growth
Properties of zero friction coatings such as vacuum & radiation resistance, dry and clean lubrication that is not affected by dust, non-flammability, and no oxidation are predicted to foster the product demand over the forecast period.
The ability to improve the properties of surfaces like wettability, corrosion resistance, adhesion, and wear resistance is increasingly popularizing zero friction coatings.
Low friction coatings can also avoid noises thus making them suitable for use on any kind of material. The product improves performance, safety, and reliability by extending lubrication intervals, controlling wear and friction, preventing component failures, and reducing operating and production costs; these coatings are generally applied at 10-20 µm dry film thickness. Zero friction coatings are applied either by dipping, spraying, or using paint drums and centrifuges depending on the nature of the component being treated.
The method of making a zero-friction coating on the metal surface includes various steps such as forming an encapsulated powder that has grains made from a core of solid lubricants that includes at least MoS2 & graphite and a thin shell of fusible soft metal like copper, zinc, nickel, or others.
Further, a coating of uniform thickness of about 25-175 micrometers is then formed. As a result, a low coefficient of friction coating is used to improve the metal cutting and shaping tools.
Limitations on the Use of a Few Compounds to Hinder Market Growth
High friction at low loads and a high coefficient of friction under humidity are likely to act as restraining factors in the market. In addition to this, fluctuation in the prices of raw materials will pose a major challenge to the growth rate. Also, limitations on the use of a few compounds such as perfluorooctanoic acid will further restrict the scope of growth for this market.
Presence of Key in the Region to Increase Consumer Demand
Europe accounted for a revenue share of 16.8% in 2022 and is predicted to witness a CAGR of 5.5% over the forecast period. According to the European Automobile Manufacturers Association, the commercial production of vehicles in Europe grew by 4.9% in 2022 despite supply chain constraints.
The United Kingdom was a leading country in the exports of commercial vehicles from the region in 2022 accounting for a market share of around 29.5%. The automotive sector contributes around 7% of the GDP of the European Union. The growing automobile sector in the country is expected to bolster the demand for zero-friction coatings in the region in the near future. Some of the leading automotive manufacturers in the region include Volkswagen, Daimler, BMW, and Stellantis.
Increasing Investments in Automobile Industry to Boost Regional Market
Asia Pacific dominated the region and accounted for a revenue share of 49.0% in 2022. The growth is attributed to the presence of automotive manufacturing industries in countries such as Japan, South Korea, and China. The Association of Southeast Asian Nations is the seventh largest automotive manufacturing hub across the world and produced around 3.5 million vehicles in 2021.
The region has a presence of some of the leading automotive manufacturers including Honda, Toyota, Ford, BMW, and others. The growing automobile industry in the region is predicted to fuel the demand for zero friction coatings in the predicted years, fuelling the market for ultra-low friction coatings along with anti-friction coating for steel, and low friction coating for plastic.
According to the International Trade Administration, China is the largest automotive market across the globe with domestic production of vehicles expected to reach 35 million by 2025. The motor vehicle imports of the country have decreased from 1,246,800 in 2017 to 927,632 in 2020. This is likely to foster the domestic production of vehicles thereby having a positive impact on the market in the coming years.
Molybdenum Disulfide (MoS2) Segment to Dominate the Category
The molybdenum disulfide (MoS2) segment dominated the market with a revenue share of over 50% in 2022. The growth is attributed to properties such as high load-carrying capacity and excellent adhesion. MoS2 is a dry film lubricant that prevents galling, fretting, and seizing to extend the wear life when operating at temperatures in the range of -350°F and +500°F. The coefficient of friction of this type of coating is 0.07. MoS2 coating solution is used for critical equipment and parts and is widely used in corrosion management as it is unreactive to most corrosive agents.
Polytetrafluoroethylene (PTFE) was the second-largest segment and accounted for a revenue share of over 30% in 2022 and is predicted to witness a CAGR of 5.4% in the coming years. The growth is attributed to its properties such as high dielectric strength, heat tolerance, non-sticks, and chemical resistance. The temperature tolerance of PTFE ranges from -518°F to 599°F thus making it suitable for use in bakeware applications. The carbon-fluorine bonds of PTFE are extremely flexible and non-reactive which makes it an excellent electrical insulator. These coatings find applications in the medical field in the manufacturing of medications, in the tech sector for producing high-tech parts and tools, and in other industrial applications.
The solvent Based Segment Leads the Formulation Segment and is Projected to Dominate the Market
The solvent-based segment dominated the market and accounted for a revenue share of over 40% in 2022. The growth is attributed to the less susceptibility of these coatings to environmental conditions including humidity and temperature during the curing phase.
The water-based coating was the second-largest segment and accounted for a revenue share of over 35.0% in 2022 and is predicted to witness a CAGR of 6.1% in the coming years. The growth is attributed to low volatile organic compound (VOC) content, resilience against accelerated aging exposures, and the ability to be pigmented. It also shows lower friction along with extended weathering.
The automobile and Transportation Segment is Projected to Dominate the Market
The automobile and transportation segment dominated the market and accounted for a revenue share of 35.0% in 2022. This is attributed to their ability to reduce noise making them ideal for automotive applications where they are used to reduce cabin noise which is a priority in cars these days. The growing sales of automobiles across the globe coupled with the rising adoption of electric vehicles are anticipated to drive the growth of the automotive industry which in turn is likely to have a positive impact on the zero friction coatings market.
Food and healthcare was the second-largest segment and accounted for a revenue share of 20.0% in 2022. The growth is attributed due to the increased need for coatings for parts used on food packaging and processing equipment for providing non-stick, wear-resistant, and non-wetting surfaces. In the healthcare sector, low-friction coatings are used in analytical and surgical instrumentation, autoclave and sterilization equipment, and packaging of pharmaceutical products.
The energy segment accounted for a revenue share of 17.0% in 2022 and is expected to witness a CAGR of 5.7% in the predicted years. The growth is attributed to the exposure of materials to extremely harsh environments in the oil and gas industry. Properties of the product including temperature resistance, corrosion resistance, UV protection, chemical protection, and others are likely to foster its demand in the energy sector over the forecast period.
The players in the market are focusing to increase their global influence and adopt strategies such as; acquisition, collaboration, and partnerships. Key players in the market include Endura Coatings; DuPont; VITRACOAT; Poeton; Bechem; ASV Multichemie Private Limited; GMM Coatings Private Limited; and IKV Tribology Ltd. Some of the recent key developments among key players are:
| Report Attributes | Details |
|---|---|
| Estimated Market Value in 2023 | USD 879 Million |
| Estimated Market Value in 2033 | USD 1,575.59 Million |
| Projected Growth Rate | CAGR of 6% from 2023 to 2033 |
| Forecast Period | 2023 to 2033 |
| Historical Data available for | 2018 to 2022 |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East & Africa |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Indonesia, Singapore, Thailand, China, Japan, South Korea, Australia, New Zealand, GCC Countries, South Africa, Israel |
| Key Segments Covered | Type, Formulation, End-Use, Region |
| Key Companies Profiled | Endura Coatings; DuPont; VITRACOAT; Poeton; Bechem; ASV Multichemie Private Limited; GMM Coatings Private Limited; IKV Tribology Ltd.; Dow Corning; Whitmore Manufacturing |
| Pricing | Available upon Request |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Volume (Tons) Forecast by Region, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Type, 2018 to 2033
Table 4: Global Market Volume (Tons) Forecast by Type, 2018 to 2033
Table 5: Global Market Value (US$ Million) Forecast by Formulation, 2018 to 2033
Table 6: Global Market Volume (Tons) Forecast by Formulation, 2018 to 2033
Table 7: Global Market Value (US$ Million) Forecast by End-use, 2018 to 2033
Table 8: Global Market Volume (Tons) Forecast by End-use, 2018 to 2033
Table 9: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 10: North America Market Volume (Tons) Forecast by Country, 2018 to 2033
Table 11: North America Market Value (US$ Million) Forecast by Type, 2018 to 2033
Table 12: North America Market Volume (Tons) Forecast by Type, 2018 to 2033
Table 13: North America Market Value (US$ Million) Forecast by Formulation, 2018 to 2033
Table 14: North America Market Volume (Tons) Forecast by Formulation, 2018 to 2033
Table 15: North America Market Value (US$ Million) Forecast by End-use, 2018 to 2033
Table 16: North America Market Volume (Tons) Forecast by End-use, 2018 to 2033
Table 17: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 18: Latin America Market Volume (Tons) Forecast by Country, 2018 to 2033
Table 19: Latin America Market Value (US$ Million) Forecast by Type, 2018 to 2033
Table 20: Latin America Market Volume (Tons) Forecast by Type, 2018 to 2033
Table 21: Latin America Market Value (US$ Million) Forecast by Formulation, 2018 to 2033
Table 22: Latin America Market Volume (Tons) Forecast by Formulation, 2018 to 2033
Table 23: Latin America Market Value (US$ Million) Forecast by End-use, 2018 to 2033
Table 24: Latin America Market Volume (Tons) Forecast by End-use, 2018 to 2033
Table 25: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 26: Europe Market Volume (Tons) Forecast by Country, 2018 to 2033
Table 27: Europe Market Value (US$ Million) Forecast by Type, 2018 to 2033
Table 28: Europe Market Volume (Tons) Forecast by Type, 2018 to 2033
Table 29: Europe Market Value (US$ Million) Forecast by Formulation, 2018 to 2033
Table 30: Europe Market Volume (Tons) Forecast by Formulation, 2018 to 2033
Table 31: Europe Market Value (US$ Million) Forecast by End-use, 2018 to 2033
Table 32: Europe Market Volume (Tons) Forecast by End-use, 2018 to 2033
Table 33: Asia Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 34: Asia Pacific Market Volume (Tons) Forecast by Country, 2018 to 2033
Table 35: Asia Pacific Market Value (US$ Million) Forecast by Type, 2018 to 2033
Table 36: Asia Pacific Market Volume (Tons) Forecast by Type, 2018 to 2033
Table 37: Asia Pacific Market Value (US$ Million) Forecast by Formulation, 2018 to 2033
Table 38: Asia Pacific Market Volume (Tons) Forecast by Formulation, 2018 to 2033
Table 39: Asia Pacific Market Value (US$ Million) Forecast by End-use, 2018 to 2033
Table 40: Asia Pacific Market Volume (Tons) Forecast by End-use, 2018 to 2033
Table 41: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 42: MEA Market Volume (Tons) Forecast by Country, 2018 to 2033
Table 43: MEA Market Value (US$ Million) Forecast by Type, 2018 to 2033
Table 44: MEA Market Volume (Tons) Forecast by Type, 2018 to 2033
Table 45: MEA Market Value (US$ Million) Forecast by Formulation, 2018 to 2033
Table 46: MEA Market Volume (Tons) Forecast by Formulation, 2018 to 2033
Table 47: MEA Market Value (US$ Million) Forecast by End-use, 2018 to 2033
Table 48: MEA Market Volume (Tons) Forecast by End-use, 2018 to 2033
Figure 1: Global Market Value (US$ Million) by Type, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Formulation, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by End-use, 2023 to 2033
Figure 4: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 6: Global Market Volume (Tons) Analysis by Region, 2018 to 2033
Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 9: Global Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 10: Global Market Volume (Tons) Analysis by Type, 2018 to 2033
Figure 11: Global Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 12: Global Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 13: Global Market Value (US$ Million) Analysis by Formulation, 2018 to 2033
Figure 14: Global Market Volume (Tons) Analysis by Formulation, 2018 to 2033
Figure 15: Global Market Value Share (%) and BPS Analysis by Formulation, 2023 to 2033
Figure 16: Global Market Y-o-Y Growth (%) Projections by Formulation, 2023 to 2033
Figure 17: Global Market Value (US$ Million) Analysis by End-use, 2018 to 2033
Figure 18: Global Market Volume (Tons) Analysis by End-use, 2018 to 2033
Figure 19: Global Market Value Share (%) and BPS Analysis by End-use, 2023 to 2033
Figure 20: Global Market Y-o-Y Growth (%) Projections by End-use, 2023 to 2033
Figure 21: Global Market Attractiveness by Type, 2023 to 2033
Figure 22: Global Market Attractiveness by Formulation, 2023 to 2033
Figure 23: Global Market Attractiveness by End-use, 2023 to 2033
Figure 24: Global Market Attractiveness by Region, 2023 to 2033
Figure 25: North America Market Value (US$ Million) by Type, 2023 to 2033
Figure 26: North America Market Value (US$ Million) by Formulation, 2023 to 2033
Figure 27: North America Market Value (US$ Million) by End-use, 2023 to 2033
Figure 28: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 29: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 30: North America Market Volume (Tons) Analysis by Country, 2018 to 2033
Figure 31: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 32: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 33: North America Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 34: North America Market Volume (Tons) Analysis by Type, 2018 to 2033
Figure 35: North America Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 36: North America Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 37: North America Market Value (US$ Million) Analysis by Formulation, 2018 to 2033
Figure 38: North America Market Volume (Tons) Analysis by Formulation, 2018 to 2033
Figure 39: North America Market Value Share (%) and BPS Analysis by Formulation, 2023 to 2033
Figure 40: North America Market Y-o-Y Growth (%) Projections by Formulation, 2023 to 2033
Figure 41: North America Market Value (US$ Million) Analysis by End-use, 2018 to 2033
Figure 42: North America Market Volume (Tons) Analysis by End-use, 2018 to 2033
Figure 43: North America Market Value Share (%) and BPS Analysis by End-use, 2023 to 2033
Figure 44: North America Market Y-o-Y Growth (%) Projections by End-use, 2023 to 2033
Figure 45: North America Market Attractiveness by Type, 2023 to 2033
Figure 46: North America Market Attractiveness by Formulation, 2023 to 2033
Figure 47: North America Market Attractiveness by End-use, 2023 to 2033
Figure 48: North America Market Attractiveness by Country, 2023 to 2033
Figure 49: Latin America Market Value (US$ Million) by Type, 2023 to 2033
Figure 50: Latin America Market Value (US$ Million) by Formulation, 2023 to 2033
Figure 51: Latin America Market Value (US$ Million) by End-use, 2023 to 2033
Figure 52: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 53: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 54: Latin America Market Volume (Tons) Analysis by Country, 2018 to 2033
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 57: Latin America Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 58: Latin America Market Volume (Tons) Analysis by Type, 2018 to 2033
Figure 59: Latin America Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 60: Latin America Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 61: Latin America Market Value (US$ Million) Analysis by Formulation, 2018 to 2033
Figure 62: Latin America Market Volume (Tons) Analysis by Formulation, 2018 to 2033
Figure 63: Latin America Market Value Share (%) and BPS Analysis by Formulation, 2023 to 2033
Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Formulation, 2023 to 2033
Figure 65: Latin America Market Value (US$ Million) Analysis by End-use, 2018 to 2033
Figure 66: Latin America Market Volume (Tons) Analysis by End-use, 2018 to 2033
Figure 67: Latin America Market Value Share (%) and BPS Analysis by End-use, 2023 to 2033
Figure 68: Latin America Market Y-o-Y Growth (%) Projections by End-use, 2023 to 2033
Figure 69: Latin America Market Attractiveness by Type, 2023 to 2033
Figure 70: Latin America Market Attractiveness by Formulation, 2023 to 2033
Figure 71: Latin America Market Attractiveness by End-use, 2023 to 2033
Figure 72: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 73: Europe Market Value (US$ Million) by Type, 2023 to 2033
Figure 74: Europe Market Value (US$ Million) by Formulation, 2023 to 2033
Figure 75: Europe Market Value (US$ Million) by End-use, 2023 to 2033
Figure 76: Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 77: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 78: Europe Market Volume (Tons) Analysis by Country, 2018 to 2033
Figure 79: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 80: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 81: Europe Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 82: Europe Market Volume (Tons) Analysis by Type, 2018 to 2033
Figure 83: Europe Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 84: Europe Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 85: Europe Market Value (US$ Million) Analysis by Formulation, 2018 to 2033
Figure 86: Europe Market Volume (Tons) Analysis by Formulation, 2018 to 2033
Figure 87: Europe Market Value Share (%) and BPS Analysis by Formulation, 2023 to 2033
Figure 88: Europe Market Y-o-Y Growth (%) Projections by Formulation, 2023 to 2033
Figure 89: Europe Market Value (US$ Million) Analysis by End-use, 2018 to 2033
Figure 90: Europe Market Volume (Tons) Analysis by End-use, 2018 to 2033
Figure 91: Europe Market Value Share (%) and BPS Analysis by End-use, 2023 to 2033
Figure 92: Europe Market Y-o-Y Growth (%) Projections by End-use, 2023 to 2033
Figure 93: Europe Market Attractiveness by Type, 2023 to 2033
Figure 94: Europe Market Attractiveness by Formulation, 2023 to 2033
Figure 95: Europe Market Attractiveness by End-use, 2023 to 2033
Figure 96: Europe Market Attractiveness by Country, 2023 to 2033
Figure 97: Asia Pacific Market Value (US$ Million) by Type, 2023 to 2033
Figure 98: Asia Pacific Market Value (US$ Million) by Formulation, 2023 to 2033
Figure 99: Asia Pacific Market Value (US$ Million) by End-use, 2023 to 2033
Figure 100: Asia Pacific Market Value (US$ Million) by Country, 2023 to 2033
Figure 101: Asia Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 102: Asia Pacific Market Volume (Tons) Analysis by Country, 2018 to 2033
Figure 103: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 104: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 105: Asia Pacific Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 106: Asia Pacific Market Volume (Tons) Analysis by Type, 2018 to 2033
Figure 107: Asia Pacific Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 108: Asia Pacific Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 109: Asia Pacific Market Value (US$ Million) Analysis by Formulation, 2018 to 2033
Figure 110: Asia Pacific Market Volume (Tons) Analysis by Formulation, 2018 to 2033
Figure 111: Asia Pacific Market Value Share (%) and BPS Analysis by Formulation, 2023 to 2033
Figure 112: Asia Pacific Market Y-o-Y Growth (%) Projections by Formulation, 2023 to 2033
Figure 113: Asia Pacific Market Value (US$ Million) Analysis by End-use, 2018 to 2033
Figure 114: Asia Pacific Market Volume (Tons) Analysis by End-use, 2018 to 2033
Figure 115: Asia Pacific Market Value Share (%) and BPS Analysis by End-use, 2023 to 2033
Figure 116: Asia Pacific Market Y-o-Y Growth (%) Projections by End-use, 2023 to 2033
Figure 117: Asia Pacific Market Attractiveness by Type, 2023 to 2033
Figure 118: Asia Pacific Market Attractiveness by Formulation, 2023 to 2033
Figure 119: Asia Pacific Market Attractiveness by End-use, 2023 to 2033
Figure 120: Asia Pacific Market Attractiveness by Country, 2023 to 2033
Figure 121: MEA Market Value (US$ Million) by Type, 2023 to 2033
Figure 122: MEA Market Value (US$ Million) by Formulation, 2023 to 2033
Figure 123: MEA Market Value (US$ Million) by End-use, 2023 to 2033
Figure 124: MEA Market Value (US$ Million) by Country, 2023 to 2033
Figure 125: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 126: MEA Market Volume (Tons) Analysis by Country, 2018 to 2033
Figure 127: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 128: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 129: MEA Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 130: MEA Market Volume (Tons) Analysis by Type, 2018 to 2033
Figure 131: MEA Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 132: MEA Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 133: MEA Market Value (US$ Million) Analysis by Formulation, 2018 to 2033
Figure 134: MEA Market Volume (Tons) Analysis by Formulation, 2018 to 2033
Figure 135: MEA Market Value Share (%) and BPS Analysis by Formulation, 2023 to 2033
Figure 136: MEA Market Y-o-Y Growth (%) Projections by Formulation, 2023 to 2033
Figure 137: MEA Market Value (US$ Million) Analysis by End-use, 2018 to 2033
Figure 138: MEA Market Volume (Tons) Analysis by End-use, 2018 to 2033
Figure 139: MEA Market Value Share (%) and BPS Analysis by End-use, 2023 to 2033
Figure 140: MEA Market Y-o-Y Growth (%) Projections by End-use, 2023 to 2033
Figure 141: MEA Market Attractiveness by Type, 2023 to 2033
Figure 142: MEA Market Attractiveness by Formulation, 2023 to 2033
Figure 143: MEA Market Attractiveness by End-use, 2023 to 2033
Figure 144: MEA Market Attractiveness by Country, 2023 to 2033
Asia Pacific will account for a major share of global zero friction coatings demand.
From 2023 to 2033, the market is projected to expand at a 6% value CAGR, as per FMI.
By 2033, zero friction coatings market demand is expected to reach USD 1,575.59 Million
By 2023, demand for zero friction coatings is forecast to be valued at USD 879 Million
As of 2022, the market for zero friction coatings was valued at USD 830 Million
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