Market Overview:
The global friction products and materials market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for friction products and materials in light vehicles, trucks, aircraft, and other industrial applications. In terms of type, the dry friction materials segment is expected to dominate the market during the forecast period. However, the wet friction materials segment is projected to grow at a higher CAGR from 2018 to 2030 owing to its superior performance as compared with dry friction materials.
Product Definition:
Friction products and materials are substances that are used to create friction between two surfaces. This friction can help to prevent a object from sliding or moving, and it is often used in machinery or vehicles to keep them in motion. The importance of friction products and materials is that they can help to increase the efficiency of machines, reduce wear on components, and improve safety.
Dry Friction Materials:
Dry friction materials are those that do not contain any water or other liquids. They are usually made from solid substances like sand, talc, and graphite. Materials such as these can be used for the production of lubricants as well as greases.
The global dry friction materials market size was valued at USD 2.5 billion in 2016.
Wet Friction Materials:
Wet friction materials are widely used in the production of various products and materials such as tapes, belts, rubber mats, and others. The growth of these industries is expected to drive the market over the forecast period.
The global wet friction material industry has witnessed significant growth owing to its rising demand from various application industries including packaging & material handling, automotive & transportation and consumer goods among others.
Application Insights:
The light vehicles application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing production of passenger cars and commercial vehicles in emerging economies including China, India, Brazil, Mexico and South Africa. In addition, stringent regulations regarding reduction in vehicular weight are expected to augment demand for friction products during the same period.
The trucks application segment was valued at USD 2.97 billion in 2017 owing to rising demand from countries including Germany, U.S., Russia Federation and China for heavy-duty trucks with high payload capacity on a daily basis across major industries worldwide which include automotive components among others as per Friction Materials Market Report by IEA published last year (2017).
Regional Analysis:
North America accounted for the largest share of over 35% in 2017. The region is expected to maintain its lead over the forecast period owing to increasing use of brakes and other friction products in light vehicles as well as trucks. Europe also held a significant market share due to high demand from automotive sector for reducing vehicular emissions, improving fuel efficiency, and reducing weight.
Asia Pacific is projected to be the fastest-growing regional market at a CAGR of XX% from 2018 to 2030 on account of rising industrial production in China and India coupled with growing adoption by industries such as mining, oil & gas, construction, marine applications etc., which require constant braking action under extreme conditions across various terrains including water surfaces or ice-covered roads during cold seasons (winter).
Growth Factors:
- Increasing demand from the automotive industry for friction products and materials as they help in improving fuel efficiency and reducing emissions.
- Rising demand for friction products and materials in the aerospace industry as they are used extensively in aircrafts for braking, landing, and steering systems.
- Growing popularity of electric vehicles which require brake pads made of friction materials to stop them quickly without causing wear on the rotors or drums.
- Rapid expansion of infrastructure development projects across the globe that will lead to an increase in demand for friction products and materials used in construction applications such as bearings, gears, brakes, etcetera .
Scope Of The Report
Report Attributes
Report Details
Report Title
Friction Products and Materials Market Research Report
By Type
Dry Friction Materials, Wet Friction Materials
By Application
Light Vehicles, Trucks, Aircraft, Other Industrial Applications
By Companies
ABS Friction, European Friction Industries (EFI), Hindustan Composites, Japan Brake, Tokai Carbon, Aisin Chemical
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
140
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Friction Products and Materials Market Report Segments:
The global Friction Products and Materials market is segmented on the basis of:
Types
Dry Friction Materials, Wet Friction Materials
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
Light Vehicles, Trucks, Aircraft, Other Industrial Applications
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:
- ABS Friction
- European Friction Industries (EFI)
- Hindustan Composites
- Japan Brake
- Tokai Carbon
- Aisin Chemical
Highlights of The Friction Products and 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:
- Dry Friction Materials
- Wet Friction Materials
- By Application:
- Light Vehicles
- Trucks
- Aircraft
- Other Industrial Applications
- 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 Products and 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
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 products and materials are those that help reduce the friction between two surfaces. This can be done through the use of lubricants, coatings, or additives.
Some of the key players operating in the friction products and materials market are ABS Friction, European Friction Industries (EFI), Hindustan Composites, Japan Brake, Tokai Carbon, Aisin Chemical.
The friction products and materials market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Friction Products and Materials Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Friction Products and Materials Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Friction Products and Materials Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Friction Products and Materials Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Friction Products and Materials Market Size & Forecast, 2020-2028
4.5.1 Friction Products and Materials Market Size and Y-o-Y Growth
4.5.2 Friction Products and Materials Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Dry Friction Materials
5.2.2 Wet Friction Materials
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Light Vehicles
6.2.2 Trucks
6.2.3 Aircraft
6.2.4 Other Industrial Applications
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Friction Products and Materials Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Friction Products and Materials Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Dry Friction Materials
9.6.2 Wet Friction Materials
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Light Vehicles
9.10.2 Trucks
9.10.3 Aircraft
9.10.4 Other Industrial Applications
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Dry Friction Materials
10.6.2 Wet Friction Materials
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Light Vehicles
10.10.2 Trucks
10.10.3 Aircraft
10.10.4 Other Industrial Applications
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Dry Friction Materials
11.6.2 Wet Friction Materials
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Light Vehicles
11.10.2 Trucks
11.10.3 Aircraft
11.10.4 Other Industrial Applications
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Dry Friction Materials
12.6.2 Wet Friction Materials
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Light Vehicles
12.10.2 Trucks
12.10.3 Aircraft
12.10.4 Other Industrial Applications
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Dry Friction Materials
13.6.2 Wet Friction Materials
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Light Vehicles
13.10.2 Trucks
13.10.3 Aircraft
13.10.4 Other Industrial Applications
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Friction Products and Materials Market: Competitive Dashboard
14.2 Global Friction Products and Materials Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABS Friction
14.3.2 European Friction Industries (EFI)
14.3.3 Hindustan Composites
14.3.4 Japan Brake
14.3.5 Tokai Carbon
14.3.6 Aisin Chemical
