The Low Friction Coating Market size is estimated at USD 3.20 billion in 2024, and is expected to reach USD 4.48 billion by 2029, growing at a CAGR of 6.95% during the forecast period (2024-2029).
Due to the COVID-19 outbreak, nationwide lockdowns around the globe, disruption in manufacturing activities and supply chains, and production halts impacted the market in 2020. However, the conditions started recovering in 2021, restoring the market's growth trajectory during the forecast period.
The global low-friction coating is consolidated in nature. Some of the major companies in the market include PPG Industries Inc., The Chemours Company, DuPont, Klüber Lubrication, and Daikin Industries, among others.
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