Market Overview:
The global wet friction 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 wet friction materials in light vehicles, trucks, aircraft, and other industrial applications. Carbon wet friction materials are expected to dominate the market during the forecast period owing to their superior properties such as high thermal stability and low wear rate. Asia Pacific is expected to be the fastest-growing region during the forecast period owing to the growing automotive and aerospace industries in countries such as China and India.
Product Definition:
Wet friction materials are used to create a seal between two surfaces in order to reduce the amount of gas and fluid that can escape. This is important because it allows for more efficient combustion within an engine, which results in increased power and fuel economy.
Carbon Wet Friction Materials:
Carbon wet friction materials are carbon-based polymers that find application in the manufacturing of tires. The product is used as a replacement for asbestos and steel on account of its superior properties such as low maintenance, high tensile strength, abrasion resistance and heat resistance.
Paper Wet Friction Materials:
Paper Wet friction materials are used in the production of wet friction material. It is a type of synthetic paper that can be processed like natural paper and used as an effective abrasive for producing high-quality products. The product has several advantages over other types of abrasives such as wood, glass, and natural fibers which makes it suitable to be used in applications where smoothness is important factor.
Application Insights:
The light vehicles segment led the global market in 2017 and is projected to witness significant growth over the forecast period. The increasing production of passenger cars and LCVs to meet rising demand is expected to drive growth. In addition, increasing sales of commercial vehicles such as trucks, buses, coaches among others are anticipated to propel industry expansion over the coming years.
The trucks segment is also projected for considerable growth during the forecast period owing to increased production of medium-sized and heavy-duty commercial vehicles in developed regions including North America and Europe.
Regional Analysis:
Asia Pacific accounted for the largest market share in 2017 and is expected to witness significant growth over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Malaysia. Rapid industrialization coupled with increasing government spending on infrastructure development has resulted in a rise in demand for wet friction products from various end-use industries across Asia Pacific.
The growing automotive industry across Europe is also likely to have a positive impact on market growth over the next few years as European manufacturers are focusing more on lightweight vehicles that can travel further distances using less fuel. In addition, stringent emission norms laid down by various regulatory bodies are encouraging manufacturers to develop eco-friendly vehicles that consume minimal fuel while offering superior performance per kilogram of weight reduction achieved compared with other competitors’ offerings within their respective segments.
Growth Factors:
- Increasing demand for automobiles due to population growth and rising disposable incomes in developing countries is expected to drive the wet friction materials market.
- The increasing trend of lightweight vehicles is also projected to fuel the demand for wet friction materials in the coming years.
- Stringent emission norms by regulatory authorities are likely to propel the adoption of wet friction materials in automotive applications over the forecast period.
- Growing awareness about fuel efficiency and its benefits is anticipated to boost sales of vehicles equipped with advanced brake systems, thereby propelling growth of the wet friction materials market during the forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Wet Friction Materials Market Research Report
By Type
Carbon Wet Friction Materials, Paper Wet Friction Materials, Graphite Wet Friction Materials
By Application
Light Vehicles, Trucks, Aircraft, Other Industrial Applications
By Companies
SAUVER, Japan Brake, Aisin Chemical, Tokai Carbon
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
129
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Wet Friction Materials Market Report Segments:
The global Wet Friction Materials market is segmented on the basis of:
Types
Carbon Wet Friction Materials, Paper Wet Friction Materials, Graphite 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:
- SAUVER
- Japan Brake
- Aisin Chemical
- Tokai Carbon
Highlights of The Wet 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:
- Carbon Wet Friction Materials
- Paper Wet Friction Materials
- Graphite 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 Wet 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
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?
Wet friction materials are materials that can resist sliding or moving when wet. Wet friction materials may be used in a variety of applications, such as on the exterior of vehicles to prevent them from slipping during rain or snow, on the floors of public buildings to keep people and objects from slipping, and in industrial settings to help machines move more easily over slippery surfaces.
Some of the key players operating in the wet friction materials market are SAUVER, Japan Brake, Aisin Chemical, Tokai Carbon.
The wet friction 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 Wet Friction 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 Wet Friction Materials Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wet Friction 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 Wet Friction 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 Wet Friction Materials Market Size & Forecast, 2020-2028
4.5.1 Wet Friction Materials Market Size and Y-o-Y Growth
4.5.2 Wet Friction 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 Carbon Wet Friction Materials
5.2.2 Paper Wet Friction Materials
5.2.3 Graphite 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 Wet Friction 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 Wet Friction 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 Carbon Wet Friction Materials
9.6.2 Paper Wet Friction Materials
9.6.3 Graphite 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 Carbon Wet Friction Materials
10.6.2 Paper Wet Friction Materials
10.6.3 Graphite 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 Carbon Wet Friction Materials
11.6.2 Paper Wet Friction Materials
11.6.3 Graphite 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 Carbon Wet Friction Materials
12.6.2 Paper Wet Friction Materials
12.6.3 Graphite 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 Carbon Wet Friction Materials
13.6.2 Paper Wet Friction Materials
13.6.3 Graphite 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 Wet Friction Materials Market: Competitive Dashboard
14.2 Global Wet Friction Materials Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SAUVER
14.3.2 Japan Brake
14.3.3 Aisin Chemical
14.3.4 Tokai Carbon
