Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Friction Materials Market by Type (Pads, Linings, Discs, Blocks), By Application (Automotive, Railway, Construction, Aerospace & Marine, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Friction Materials Market by Type (Pads, Linings, Discs, Blocks), By Application (Automotive, Railway, Construction, Aerospace & Marine, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 135705 3300 Chemical & Material 377 238 Pages 4.7 (42)
                                          

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.


Global Friction Materials Industry Outlook


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:

  1. Akebono Brake Industry
  2. Federal-Mogul Holdings
  3. Fras-Le
  4. Itt Inc.
  5. Aisin Seiki
  6. Nisshinbo Holdings
  7. MIBA
  8. Carlisle Brake & Friction (CBF)
  9. Valeo Friction Materials India Private Limited
  10. Yantai Hi-Pad Brake Technology

Global Friction Materials Market Overview


Highlights of The Friction Materials Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Pads
    2. Linings
    3. Discs
    4. Blocks
  1. By Application:

    1. Automotive
    2. Railway
    3. Construction
    4. Aerospace & Marine
    5. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Friction Materials Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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

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