The demand for anti-friction coatings is growing up, various industries like healthcare, automobile, transportation, oil & gas are advocating the same. Among all the industries, the demand for anti-friction coatings is higher in the transportation industry. In transportation industry, the uses of anti-friction coatings help to reduce noise, emission and vibration in vehicles. Although the limitations of uses of certain compounds like perfluorooctanoic acid and perfluoro octane sulfonate are affecting the growth of the anti-friction coatings market. Moreover, key market players in the anti-friction coatings market are now focusing on innovation and improvement of their product.
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Segmentation Analysis of Anti-Friction Coatings Market
The global anti-friction coatings market is bifurcated into four major segments: product type, end-use, and region.
On the basis of product type, the anti-friction coatings market has been segmented as follows:
- Heat Curing
- Air Curing
- Plasma Coating
Berucoat is a type of product used for anti-friction coating, there are several subtypes of the product, categories on heat curing and air curing type. This product type dominates the overall demand pie and is well known for its versatility.
On the basis of end-use, the anti-friction coatings market has been segmented as follows:
- Oil & Gas
- Water & Wastewater
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- Dry Lubrication
- Food Processing
On the basis of geographic regions, the Anti-Friction coatings market is segmented as
- North America
- Latin America
- East Asia
- South Asia and Oceania
- Middle East & Africa
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Anti-Friction Coatings Market: Regional Outlook
Based on the regional split, the report “Anti-Friction Coatings Market” takes into account six prominent regions including North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Among all the regions, Asia Pacific has shown more growth in terms of capturing the highest market, this is so because of the vast healthcare and automotive sector along with rapid industrialization in Asia. India will experience drastic growth during the forecast period because of its growth potential and demand in the market.
China along with Japan, Thailand and Malaysia are set to remain the lucrative regions witnessing high consumption of anti-friction coatings. Growth in automotive, food, packaging and waste water treatment industries to raise the bars higher for anti-friction coatings consumption till 2031.
After Asia, North America is also growing at a faster rate and expected to hold good market potential during the forecast period of 2021-2031. Presence of key coating manufacturers coupled with investments in advanced technology to foray the regional market. Europe closely follows North America as the region has sound presence of key automakers and is also known as the hub for petrochemical industry. Moreover, the anti-friction coatings market in Middle East and Africa tend to grow with moderate CAGR during the forecast period.
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Anti-Friction Coatings Market: Key Players
The world anti-friction coatings market structure is partially consolidated. The companies which are focusing on their R&D sector are one step ahead to improve their products as the product with more uniqueness would attract consumers and simultaneously the probability of sales will be high. Bechem, The Donwell Co., Inc., U.S. Chrome Corporation, Reparex-RPX, Sun Coating Company, Matrix Coatings Corp., American Roller Company, Metal Coatings Corp., Aalberts Surface Treatment, are among the leading players in the anti-friction coatings market.
The Anti-Friction Coatings Market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (UK, Germany, Spain, France, BENELUX, Italy, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia & Oceania (India, ASEAN, Australia and New Zealand, Rest of South Asia & Oceania)
- The Middle East and Africa (GCC Countries, South Africa, Northern Africa, Turkey, Rest of MEA)
The global Anti-Friction Coatings Market study encloses the projection size of the market both in terms of value (Mn/Bn US$) and volume (x units). With bottom-up and top-down approaches, the report predicts the viewpoint of various domestic vendors in the whole market and offers the market size of the Anti-Friction Coatings. The analysts of the report have performed extensive primary and secondary research to scrutinize the key players and their market share. Further, different trusted sources were roped in to gather numbers, subdivisions, revenue and shares.
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