Exploring the Scope of Low Friction Coatings in Various Industries
The low friction coatings industry focuses on developing coatings that reduce friction between surfaces, improving performance and reducing wear. The industry's needs include friction reduction, wear resistance, durability, adhesion and compatibility, wide temperature range, environmental friendliness, cost-effectiveness, and customization. By addressing these needs, the industry can provide efficient solutions for diverse applications. The report " Low Friction Coatings Market by Type (Polytetrafluoroethylene (PTFE), Molybdenum Disulfide (MoS2), End Use Industry (Aerospace, Automobile & Transportation, General Engineering, Energy, Food & Healthcare), and Region - Global Forecast to 2021", published by MarketsandMarkets™, the market 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 h...