Low friction coatings are coatings which have low coefficient of friction and are applied to surfaces in order to get superior lubrication in rough operating environment. These coatings are generally applied on the sliding surfaces. Depending on the additives used during the manufacturing process, these coatings possess different properties such as non-stickiness, wear resistance, and corrosion resistance. Based on the materials used, low friction coatings are available in three types, namely, molybdenum disulfide (MoS2), polytetrafluoro ethylene (PTFE), and others, which includes tungsten disulfide, graphite, fluorinated ethylene polypropylene (FEP), perfluoroalkoxy (PFA). Micromarkets are defined as subsegments of the Low Friction Coatings market included in the report. Core competencies of companies are determined in terms of their key developments, SWOT analysis, and key strategies adopted by them to sustain in the market.

Visionary leaders are the leading market players in terms of new developments such as product launches, innovative technologies, and the adoption of growth strategies. These players have a broad product offering that caters to most of the regions globally. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and their well-established brand equity.

Dynamic Differentiators are established players with very strong business strategies. However, they have a weaker product portfolio compared to the visionary leaders. They generally focus only on a specific type of technology related to the product.

Innovators in the competitive leadership mapping are vendors that have demonstrated substantial product innovations as compared to their competitors. The companies have focused on product portfolios. However, they do not have very strong growth strategies for their overall business, when compared with the visionary leaders.

Emerging companies have niche product and service offerings. Their business strategies are not as strong as that of the established vendors. The emerging vendors include the new entrants in the market, emerging in terms of product portfolio and geographic reach, and require time to gain significant traction in the market.