Market Overview:
The global friction materials market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for friction materials in various applications, such as automotive, railway, construction, aerospace & marine and others. In terms of type, pads are expected to hold the largest share of the global friction materials market during the forecast period. This can be attributed to their high demand in automotive applications.
Product Definition:
Friction materials are used to create friction between two surfaces. This friction can be used to stop or slow a moving object.
Pads:
Pads are small pieces of material that are used to reduce friction in various applications. They can be made from a variety of materials including natural fibers, synthetic fibers, and resins. Pads have high surface area and therefore act as excellent de-grippers for fragile items such as glass, ceramics or porcelain tiles among others.
Linings:
Lining is a protective material that is placed between two surfaces to reduce friction. It can be made from any non-abrasive material such as rubber, plastic, or metal. The most common lining used in the friction materials industry is made from polyethylene and polypropylene due to its cost effectiveness and availability of various grades for different applications.
Linings are also referred to as covers, barriers or pads depending upon their thickness.
Application Insights:
The automotive segment accounted for the largest share in 2015 and is projected to witness significant growth over the forecast period. The increasing demand for vehicles owing to rising disposable income levels, especially in developing countries such as India and China, will drive the industry growth over the forecast period.
Automotive was followed by railway applications which together accounted for a revenue share of 24.3% in 2015. Friction products are widely used on railway vehicles including locomotives and passenger cars due to their beneficial properties such as high wear resistance compared to other mechanical lining or lubrication systems available in market place. These products help reduce maintenance cost & extend vehicle life-cycles without compromising with safety requirements which is expected to propel their demand further driving overall industry growth during future years of study 2030-.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness moderate growth over the forecast period owing to increasing use of high-performance materials in various industrial applications, including aerospace and automotive. In addition, growing infrastructure activities are likely to drive product demand over the next eight years.
The Asia Pacific regional market is anticipated to grow at a significant rate from 2018 to 2030 due its rapidly expanding manufacturing sector and rising investments in railway infrastructure development. In addition, rapid urbanization coupled with increasing automobile production globally is projected favorably impact industry growth over the coming years.
Europe accounted for a major share of revenue generated by friction products owing their extensive usage in industrial machinery as well as automobiles across numerous countries within Europe region for efficient lubrication and wear reduction purposes among others). Increasing R&D expenditure by key players on developing new products based on advanced materials with superior performance characteristics will further boost industry expansion prospects during the forecast period 8018).
Growth Factors:
- Increasing demand for friction materials from the automotive industry as a result of the increasing production of passenger cars and commercial vehicles.
- Rising demand for friction materials from the aerospace industry due to increasing air traffic across the globe.
- Growing demand for friction materials in mining and construction applications owing to rising investments in these sectors worldwide.
- Increasing use of friction materials in electric vehicles due to their superior braking performance as compared to traditional internal combustion engine vehicles.
Scope Of The Report
Report Attributes
Report Details
Report Title
Friction Materials Market Research Report
By Type
Pads, Linings, Discs, Blocks
By Application
Automotive, Railway, Construction, Aerospace & Marine, Others
By Companies
Akebono Brake Industry, Federal-Mogul Holdings, Fras-Le, Itt Inc., Aisin Seiki, Nisshinbo Holdings, MIBA, Carlisle Brake & Friction (CBF), Valeo Friction Materials India Private Limited, Yantai Hi-Pad Brake Technology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Friction Materials Market Report Segments:
The global Friction Materials market is segmented on the basis of:
Types
Pads, Linings, Discs, Blocks
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Railway, Construction, Aerospace & Marine, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Akebono Brake Industry
- Federal-Mogul Holdings
- Fras-Le
- Itt Inc.
- Aisin Seiki
- Nisshinbo Holdings
- MIBA
- Carlisle Brake & Friction (CBF)
- Valeo Friction Materials India Private Limited
- Yantai Hi-Pad Brake Technology
Highlights of The Friction Materials Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Pads
- Linings
- Discs
- Blocks
- By Application:
- Automotive
- Railway
- Construction
- Aerospace & Marine
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Friction Materials Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Friction materials are substances that reduce the amount of friction between two surfaces. They can be used in a variety of applications, including automotive, aerospace, and manufacturing.
Some of the major players in the friction materials market are Akebono Brake Industry, Federal-Mogul Holdings, Fras-Le, Itt Inc., Aisin Seiki, Nisshinbo Holdings, MIBA, Carlisle Brake & Friction (CBF), Valeo Friction Materials India Private Limited, Yantai Hi-Pad Brake Technology.
The friction materials market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Friction Materials Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Friction Materials Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Friction Materials Market - Supply Chain
4.5. Global Friction Materials Market Forecast
4.5.1. Friction Materials Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Friction Materials Market Size (000 Units) and Y-o-Y Growth
4.5.3. Friction Materials Market Absolute $ Opportunity
5. Global Friction Materials Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Friction Materials Market Size and Volume Forecast by Type
5.3.1. Pads
5.3.2. Linings
5.3.3. Discs
5.3.4. Blocks
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Friction Materials Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Friction Materials Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Railway
6.3.3. Construction
6.3.4. Aerospace & Marine
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Friction Materials Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Friction Materials Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Friction Materials Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Friction Materials Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Friction Materials Demand Share Forecast, 2019-2029
9. North America Friction Materials Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Friction Materials Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Friction Materials Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Railway
9.4.3. Construction
9.4.4. Aerospace & Marine
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Friction Materials Market Size and Volume Forecast by Type
9.7.1. Pads
9.7.2. Linings
9.7.3. Discs
9.7.4. Blocks
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Friction Materials Demand Share Forecast, 2019-2029
10. Latin America Friction Materials Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Friction Materials Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Friction Materials Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Railway
10.4.3. Construction
10.4.4. Aerospace & Marine
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Friction Materials Market Size and Volume Forecast by Type
10.7.1. Pads
10.7.2. Linings
10.7.3. Discs
10.7.4. Blocks
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Friction Materials Demand Share Forecast, 2019-2029
11. Europe Friction Materials Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Friction Materials Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Friction Materials Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Railway
11.4.3. Construction
11.4.4. Aerospace & Marine
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Friction Materials Market Size and Volume Forecast by Type
11.7.1. Pads
11.7.2. Linings
11.7.3. Discs
11.7.4. Blocks
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Typ
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Friction Materials Demand Share, 2019-2029
12. Asia Pacific Friction Materials Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Friction Materials Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Friction Materials Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Railway
12.4.3. Construction
12.4.4. Aerospace & Marine
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Friction Materials Market Size and Volume Forecast by Type
12.7.1. Pads
12.7.2. Linings
12.7.3. Discs
12.7.4. Blocks
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Friction Materials Demand Share, 2019-2029
13. Middle East & Africa Friction Materials Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Friction Materials Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Friction Materials Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Railway
13.4.3. Construction
13.4.4. Aerospace & Marine
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Friction Materials Market Size and Volume Forecast by Type
13.7.1. Pads
13.7.2. Linings
13.7.3. Discs
13.7.4. Blocks
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Friction Materials Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Friction Materials Market: Market Share Analysis
14.2. Friction Materials Distributors and Customers
14.3. Friction Materials Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Akebono Brake Industry
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Federal-Mogul Holdings
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Fras-Le
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Itt Inc.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Aisin Seiki
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Nisshinbo Holdings
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. MIBA
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Carlisle Brake & Friction (CBF)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Valeo Friction Materials India Private Limited
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Yantai Hi-Pad Brake Technology
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook