Zero Friction Coatings Market Is Likely To Up Demand At A USD 1,346.0 Million By 2030
San Francisco, 3 Jan 2023: The Report Zero Friction Coatings Market Size, Share & Trends Analysis Report By Type (Polytetrafluoroethylene, Molybdenum Disulfide), By Application (Aerospace, Energy), By Region, And Segment Forecasts, 2022 - 2030 The global zero friction coatings market size is estimated to reach USD 1,346.00 million by 2030 according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.6% from 2022 to 2030. 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