0

Friction Products and Materials Market to Garner $24,533 Million, Globally, by 2025

 
2022
Friction Products and Materials Market

Report Code : A04888

quote Asia-Pacific serves as the most productive region as compared to others with diverse industry verticals significantly investing in friction materials. Moreover, various domestic players are investing in the automotive sector, which is anticipated to boost the demand for braking and lining systems for vehicles. Furthermore, the friction products and materials market are projected to generate the highest market revenue during the forecast period, owing to deployments in the passenger and commercial vehicles. quote

Vivek Banik
Lead Analyst, Construction

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled,"Friction products and materials market by Product Type, End-Use Industry, and Application: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the friction products and materials market  size accounted for $17,046 million in 2017, and is expected to reach $24,533  million by 2025, growing at a CAGR of 4.7% from 2018 to 2025. In 2017, Asia-Pacific dominated the global market, in terms of revenue, accounting for about 47.0% share of the global market, followed by Europe.

Friction materials are utilized to induce friction in situations where slow movement is necessary. A friction material retrains the relative motion, when a solid object comes into contact with a diverging surface that opposes an object’s direction of movement. In other words, friction can be used anywhere. For e.g. simply slowing down or stopping an object to accelerating it to a certain speed.

Friction materials are mostly made up of substances such as paper, elastomerics, graphitics, and sintered metals. Bonded sintered metal or ceramic is most commonly used in the production of friction material products. Friction materials are used to make brake and clutch systems, transmissions, and certain industrial and household items. Industries such as aircraft, aerospace, automotive, railroad,  and defense use friction materials for applications, which include clutch & brake systems, operating systems, automotive equipment, gear tooth systems, and industrial machinery.

Pads and lining are the two most popular friction materials. Pads look like a half circular structure, whereas friction linings are made of abrasive components and lubricate raw components of friction materials. Benefits offered by lining friction materials include high heat & pressure resistance and recoverable structure of linings, which drive their demand in the passenger and commercial vehicles.

The global friction products and materials industry has witnessed a substantial growth over the past few years and is expected to continue this trend during the coming years. This is attributed to increase in demand for friction materials in the automotive, aerospace, and machinery industries. In addition, development of the forestry, oil & gas, and mining sector particularly in the emerging markets fuels the market growth. However, advancements in brake and clutch technologies have minimized the use of friction materials, which is anticipated to hinder the market growth. Furthermore, rise in demand for electric & hybrid vehicle in developing countries, availability of low-cost & efficient manufacturing particularly in the Asia-Pacific region, and increase in demand for friction material products provide lucrative growth opportunities for the friction products and materials market.

The automotive industry secured the highest share of about 63.9% in the global friction products and materials market  in 2017 and is expected to grow at a CAGR of 5.1% during the forecast period. In terms of product types, brake pad is expected to account for the highest market share in the coming years.

Asia-Pacific secured the highest market share in 2017, owing to growth in automotive sector particularly in developing nations. In addition, increase in demand for friction materials from various manufacturing industries is expected to boost the Asia-Pacific market growth. North America and Europe are expected to register significant growth during the forecasted period.


Key Findings of the Friction products and materials market:

  • In 2017, the pad friction materials product segment dominated the global market in terms of revenue and is projected to grow at a CAGR of 5.4% during the forecast period.
  • The automobile and railway industries are expected to be the largest customers for the friction materials players as the two contributes for around 84.5% share of the total friction products and materials market globally in 2017.
  • Asia-Pacific is projected as one of the most dominant regions in the friction products and materials market. The Asia-Pacific market accounted for more than 45 % of friction products and materials market share in 2017.
  • The quantitative analysis of the global market from 2017 to 2025 is provided to determine the market potential. The study provides an in-depth friction products and materials market analysis along with the current trends and future estimations to elucidate the imminent investment pockets.
  • In addition, friction products and materials market forecast analysis from 2018 to 2025 is also included in the report.

The major players operating in the market include ABS Friction Corp, Akebono Brake Industry, Carlisle Brake & Friction (CBF), European Friction Industries Ltd, Fras-le, GMP Friction Products, Hindustan Composites Ltd., MIBA AG, Nisshinbo Holdings Inc., and Tenneco (Federal-Mogul Holding).

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Friction Products and Materials Market by Product (Pads, Lining, discs, blocks, and Others), Business Type (Original Equipment and Aftersales), End User (Brakes, Clutches, and Industrial Brake & Transmission Systems), and Application (Automotive, Railway, Construction, Aerospace & Marine, and Others): Global Opportunity Analysis and Industry Forecast, 2018-2025 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Mar 2024

Hairbrush Market

Download Sample
rep-img

Published Date Mar 2024

Debt Security Market

Download Sample
rep-img

Published Date Mar 2024

Wood Adhesives Market

Download Sample

Buy Full Version
"Friction Products and Materials Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers