Zero Friction Coatings Market Analysis by Key Companies – Endura Coatings, DuPont, VITRACOAT, Poeton, Bechem
The global zero friction coatings market is anticipated to hold a market value of US$ 879 Million in 2023 and US$ 1,575.59 Million by 2033. The projected growth rate is nearly 6% during the forecast period from 2023 to 2033. Growth can be attributed to the fact that these coatings reduce friction and wear resulting in low fuel consumption and less heat generation. According to the European Automobile Manufacturers’ Association, 79.1 million motor vehicles were produced across the globe in 2021 which was up by 1.3% as compared to 2020. Zero friction coatings can extend the time between component maintenance and replacement, especially for machine parts that are expensive to manufacture. Several applications in the automobile industry use wear-resistant plastic seals that require zero tolerance for failure and lifetime service confidence. Increasing demand for the product from the automotive industry across the globe for various applications including fuel pumps, automatic transmis