Middle East and Africa Anti-Friction Coatings Share, Industry Size, Growth, Opportunities and Global Forecast By 2028
The market insights and analysis covered in Middle East and Africa Anti-Friction Coatings market research report are based upon SWOT analysis on which businesses can believe assertively. The report provides comprehensive explanation of market definition, market segmentation, competitive analysis and key developments in the Middle East and Africa Anti-Friction Coatings industry. This market research study presents actionable market insights with which sustainable and money-spinning business strategies can be created. A credible marketing report is structured with the most excellent and sophisticated tools of collecting, recording, estimating and analysing market data. Thus, the finest Middle East and Africa Anti-Friction Coatings report makes businesses to focus on the more important aspects of the market.
The comprehensive Middle East and Africa Anti-Friction Coatings market research report surely provides productive ideas with which product can be made more effective and striking in the competitive market. The report highlights the change in the market which is taking place due to the moves of key players and brands such as product launches, joint ventures, mergers and acquisitions that in turn changes the view of the global face of Middle East and Africa Anti-Friction Coatings industry. The significant Middle East and Africa Anti-Friction Coatings market research study analyzes the market status, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors.
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Data Bridge Market Research analyses that the market is growing at a CAGR of 6.7% in the forecast period of 2021 to 2028 and expected to reach USD 2,699.88 million by 2028. Increasing demand of oil industry on advanced composites among manufacturers are the factors for the market growth.
Anti-Friction coatings are a type of lubricant solutions that are similar in formulation to common industrial paints. They comprise solid lubricants and resins as solvents. The main components of solid lubricants are molybdenum disulphide, Polytetrafluoroethylene (PTFE), and graphite. Anti-friction coatings are used as dry lubricants in the automotive industry.
The major players covered in the report TEIJIN LIMITED, Mitsubishi Chemical Holdings Corporation, Koninklijke Ten Cate bv., Huntsman International LLC, Solvay, Hexcel Corporation, Hexion, BASF SE, DuPont, Honeywell International Inc., Henkel AG & Co. KGaA, SGL Carbon, HYOSUNG CHEMICAL, Owens Corning, Formosa Plastics Corporation, Strata Manufacturing PJSC, Renegade Materials Corporation, Advanced Composites Inc, Airborne, among other players domestic and global. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Middle East and Africa Anti-Friction Coatings Market Scope and Market Size:
- On the basis of type, the advanced composites market is segmented into carbon fiber composites, S-glass composites, aramid fiber composites and others. In 2021, the demand of carbon fiber composites increased due to rise in manufacturing of the high strength industrial equipment and boats which makes carbon fiber composites.
- On the basis of resin, the advanced composites market is segmented into advanced thermoplastic and advanced thermosetting. In 2021, the demand of carbon fiber composites segment is dominate as due to resin have ability to re-form parts as thermoplastic resins can retain their properties even after repeated heating and cooling which makes advanced thermoplastic.
- On the basis of manufacturing process, the advanced composites market is segmented into automated tape laying (ATL) and automated fiber placement (AFP), hand layup/spray layup, compression molding, resin transfer molding (RTM), injection molding, filament winding, pultrusion and others. In 2021, automated tape laying (ATL) and automated fiber placement (AFP) segment is dominating due to increase in the technology, advancement for the manufacturing of the light weight composite material increases the demand for the automated tape laying (ATL) and automated fiber placement (AFP) process.
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