Friction Materials Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Global Friction Materials Market: Snapshot
The demand within the global friction materials market has been rising on account of advancements in the field of material bonding. The use of frictional materials across a wide range of industries has played to the advantage of the global market. The relevance of clutch and brake friction in the automotive sector has also played a vital role in the growth of the global friction materials market. The use of well-moulded, woven, and sintered materials for the manufacture of friction materials is a key consideration from the perspective of market growth. Friction materials can come in the form of metal particles, fibres, and other similar materials. It is expected that the total volume of revenues in the global friction materials market would increase at a stellar pace in the coming years.
The automotive sector has been undergoing key advancements in recent times, and this has played a key role in the growth of the global friction materials market. The efficiency of brake pads and component disc pads can be enhanced with the help of friction materials. Hence, the global friction materials market is projected to expand in size and volume in the years to follow.
On the basis of geography, the global friction materials market can be segmented into North America, Latin America, the Middle East and Africa, Europe, and Asia Pacific. The friction materials market in North America is expanding alongside advancements in the field of research and development. The market for friction materials in Europe is growing with advancements in automotive manufacturing.
Global Friction Materials Market: Overview
Friction materials mostly find usage in brake and clutch systems, certain household items, and transmissions. The demand in the global friction materials market is mainly being generated from the following end use sectors that include aircraft and aerospace, railroad, automotive, defense, and heavy machine manufacturing.
The solid demand for effective friction products has been fuelling the global friction materials market. Going forward the market is expected to tread on a steady growth path to rake in considerable overall revenue.
Substances popularly used as friction materials are elastomerics, paper, sintered metals, and graphitics. Other materials such as advanced fibers, ceramics, and various metal alloys are also used for the purpose. In fact, up until a while back, asbestos was widely used as a friction material till its usage was banned. Friction materials are selected on the basis of application, speeds to be encountered, performance requirements, and temperatures involved. For instance, sintered materials find application in heavy duty areas such as industrial machinery clutches and aitcraft braking systems. And paper finds usage as a friction material in light trucks and automobiles. However, it not the conventional paper that we use. It is comprised of cellulose fiber or cotton and phenolic resin mixture that is bonded to steel backing plate.
Obviously, the more a friction material is used, the less effective or smaller it will become. Since its primary purpose is based on its capacity for wear and its performance under such conditions, a friction material will have a relatively predictable lifespan. Suppliers and manufacturers of these materials should be able to estimate their period of usefulness based on a given set of conditions, and consumers will fare best when they replace their friction materials accordingly.
Global Friction Materials Market: Drivers and Restraints
The most important catalyst in the global friction materials market is the surging demand and sales of passenger and commercial vehicles. This has led to increased production thereby stoking demand for friction materials to be used in auto components. Those are mainly used in clutches and brakes. The clutch and brake friction providers are mostly made of molded, woven, or sintered materials made a range of substances such as metal particles, fibers, and bonding materials.
The flourishing aerospace industry is also playing a key role in driving demand in the global friction materials market too. However, underdeveloped end use industries and markets is certain developing regions has been posing a challenge to the market.
Global Friction Materials Market: Trends and Opportunities
The different types of products available in the global friction materials market are pads, lining, discs, blocks, and others such as sheets, rolls, and others. Among them, the segment of pad is predicted to account for a leading share in the market. Those are used in brakes and can be withstand a significant amount of friction that can cause wear and tear. Besides, friction pads also have the ability to withstand high temperature.
Depending upon application, the key segments of the global friction materials market are clutches, brakes, and industrial brake and transmission systems.
Global Friction Materials Market: Regional Analysis
Geographically, the Asia Pacific friction materials market is drawing most of the revenue at the moment. It is primarily being driven by high growth economies of India and China. This is because of the massive development of railway, automotive, and construction industries owing to the increasing spending capacity of people.
All these factors are expected to drive the growth of the Asia Pacific friction materials market during the forecast period.
Global Friction Materials Market: Competitive Landscape
Some of the prominent participants in the global friction materials market are Akebono Brake Industry, Federal-Mogul Holdings, Miba, Fras-Le, Nisshinbo Holdings, Aisin Seiki, and Valeo Friction Materials India.
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report