Global Friction Material Market is expected to reach US$ XX Mn by 2026 from US$ 44.74 Mn in 2019 at CAGR of XX%.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
The most important substance in the global friction materials market is the surging demand and sales of passenger and commercial vehicles. This has led to improved production thereby stoking demand for friction materials to be used in auto components. Those are mostly used in clutches and brakes. The clutch and brake friction providers are usually made of moulded, woven, or sintered materials made a range of substances such as metal particles, fibers, and bonding materials. Additionally, to various friction materials and products, it also covers the many issues concerning the merits and future prospects of the business, with corporate strategies, technologies, and the means for providing these products and service offerings.
Based on the product, a friction pad is leading the friction material market. Pads are used in brake systems and are visible to significant friction, which leads to wear and tear. Friction pads are fewer prone to release dust on abrasion and can withstand high temperature. Brake pads are available in an inclusive range of configurations, as of drum brake pads and disc brake pads.
In terms of application, brake segment is dominating the global friction material market. Disc brake pads and drum brake linings are ready from a blend of 10 to 20 kinds of raw materials. Depending on their specific roles, the raw materials are divided into three categories, bonding material, friction adjustment & stiffener friction adjustment material.
On the basis of end-user industry, the automotive industry is fastest growing the global friction material market during the forecast period. Three important new requirements were imposed on the automotive industry are the federal braking regulations, the must eliminate asbestos from friction materials, and the conversion of the heavy vehicles to more energy-efficient lighter and smaller front wheel drive vehicles. These changes required the development of a new generation of friction materials.
In terms of region, The Asia Pacific friction materials market is projected to witness the highest growth between 2018 and 2026. Emerging economies, for instance, China and India are high-growth markets for automotive, railway, and construction industries, which are the major consumers of friction materials in the region. Additionally, the economic growth of these countries and increased consumers spending on automobiles have led to the development of a major auto components market in the Asia Pacific region. All these factors are expected to drive the growth of the Asia Pacific friction materials market during the forecast period 2018-2026.
The key players operating in the Global Friction Material Market are Akebono Brake Industry, Federal-Mogul Holdings, Miba, Fras-Le, Nisshinbo Holdings, Aisin Seiki, Valeo Friction Materials India, Yantai Hi-Pad Brake Technology, Carlisle Brake & Friction, ABS Friction, Bendix Commercial Vehicles Systems, Brembo, BREMSKERL REIBBELAGWERKE Emmerling, Fras-le, GAMA, ICER BRAKES, Japan Brake Industrial, LUMAG, Miba, Roulunds Braking, Trimat, and ZF Friedrichshafen.
The objective of the report is to present a comprehensive analysis of the Global Friction Material Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors in the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Friction Material Market dynamics, structure by analyzing the market segments and project the Global Friction Material Market size. Clear representation of competitive analysis of key players by End-User Industry, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Friction Material Market make the report investor’s guide.
Scope of the Global Friction Material Market
Global Friction Material Market, by Product
Global Friction Material Market, by Business type
Global Friction Material Market, by Application
Global Friction Material Market, by End-use industry
Global Friction Material Market, by Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Key Players Operating in the Global Friction Material Market
• Akebono Brake Industry
• Federal-Mogul Holdings
• Nisshinbo Holdings
• Aisin Seiki
• Valeo Friction Materials India
• Yantai Hi-Pad Brake Technology
• Carlisle Brake & Friction
• ABS Friction
• Bendix Commercial Vehicles Systems
• BREMSKERL REIBBELAGWERKE Emmerling
• ICER BRAKES
• Japan Brake Industrial
• Roulunds Braking
• ZF Friedrichshafen.
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