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    Friction Materials Market Analysis

    Friction Materials Market Analysis
    Report code - SR2759 Delivery - 2 Weeks
    Friction Materials Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth O See more...

    Market Highlights

    The friction materials market is likely to grow at a promising CAGR of 5% in the long run to reach US$ 57 Million by 2028.

    The friction material is used to increase or decrease friction, as well as to slow or halt the system. The friction material is mostly used in the braking system, more specifically in the brake linings and pads. The friction material is used to provide friction in situations where slow or restricted movement is required. Friction is the force that is a resistor between two contacts to keep items from moving. All three substance types—liquid, solid, and gas—can cause friction. Liquid friction is the term for friction that occurs between fluids.

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    The growth factor for the global market for friction materials is the increasing demand for automobiles, which increases the demand for various components. Additionally, friction materials have demonstrated their capacity to withstand high temperatures as well as wear and tear, and these qualities are anticipated to support rising product demand as well as the expansion of the friction materials market in the coming years. In the upcoming years, it is projected that rising demand for electric vehicles in developed nations' top economies will drive the expansion of the global market for friction materials. Future improvements to friction materials could support product demand for various applications and support the global market for friction materials.

    Segments Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Product-Type Analysis

    Pads, Linings, Discs, Blocks, and Others.

    Pads are projected to witness the highest CAGR during the forecast period.

    Business-Type Analysis

    OE and Aftermarket

    Aftermarket is expected to lead the friction material market due to increased demand for replacement friction products, particularly in the automotive industry.

    Application-Type Analysis

    Brakes, Clutches, and Industrial Brakes & Transmission Systems.

    Brakes Systems is anticipated to remain the biggest demand generator for the friction materials market in the years to come.

    End-Use Industry

    Railway, Automotive, Construction, Aerospace & Marine, and Others.

    Automotive is expected to be the dominant end-use industry in the friction materials market in the coming years.

    Regional Analysis

    North America, Europe, Asia-Pacific, and The Rest of the World

    Asia-Pacific is expected to remain the largest market over the next five years.

     

    Product Trends

    Based on the product type, the friction materials market is segmented into pads, linings, discs, blocks, and others, Pads are expected to remain the largest product type in the market during the forecast period. Brake systems require pads, which are subjected to a great deal of friction, which causes wear and strain. Friction pads can endure high temperatures and are less likely to produce dust upon abrasion. 

    Business Trends

    Based on the business type, the market is segmented into OE and aftermarket. The aftermarket type is expected to lead the overall friction materials market. The rising demand for replacement friction goods, notably in the automobile industry, is responsible for this market segment's expansion.

    Application Trends

    Based on the application type, the market is segmented into brakes, clutches, and industrial brakes & transmission systems. Brakes are expected to remain the dominant as well as the fastest-growing application in the market during the forecast period. Vehicles and machines need brake systems to slow down or control acceleration. The expansion of the friction materials market in the brakes application sector is being driven by the high demand for friction brakes from end-use industries like the automotive and railroad.

    End-Use Industry Trends

    Based on the end-use industry type, the market is segmented into railway, automotive, construction, aerospace & marine, and others. Automotive is expected to remain the dominant as well as the fastest-growing end-use industry in the market during the forecast period. In automotive applications like brakes and clutches, friction materials are commonly employed. Products utilized in friction, including pads, linings, discs, and blocks, are consumable parts that are both original equipment and aftermarket parts. Due to their susceptibility to wear and tear, these friction products are in high demand in the automobile industry. Therefore, the market for friction materials in the automotive end-use industry is growing as a result of the growth in automotive friction components.

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    Regional Insights

    In terms of regions, Asia-Pacific is expected to remain the largest market for friction materials during the forecast period. The region's market for friction materials is expanding due to the region's dense population and growing preference for personal vehicles in nations like China, India, and South Korea.

    Key Players

    The following are the key players in the friction materials market.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What deliverables will you get in this report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth analysis of the Friction Materials Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional and country level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

     

    The friction materials market is segmented into the following categories-

    By Product Type

    • Pads
    • Linings
    • Discs
    • Blocks
    • Others

    By Business Type

    • OE
    • Aftermarket

    By Application Type

    • Brakes
    • Clutches
    • Brakes & Transmission Systems

    By End-Use Industry Type

    • Automotive
    • Railways
    • Construction
    • Aerospace & Marine
    • Others

    By Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and The Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

    Research Methodology

    This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s friction materials market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The friction materials market is estimated to grow at a CAGR of 5.0% by 2028, driven by increasing demand for friction materials in the automotive industry.

    Akebono Brake Industry, Federal-Mogul Holdings, Fras-Le, Nisshinbo Holdings, and Aisin Seikiare are the leading players in the friction materials market.

    Asia Pacific is estimated to remain dominant in the friction materials market in the foreseeable future. The key economies driving the regions demand for friction materials are China, India, and Japan.

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