The global friction products and materials market was valued at $17,046 million in 2017, and is projected to reach $24,533 million by 2025, growing at a CAGR of 4.7% from 2018 to 2025. Friction stops various objects from sliding owing to the resistive force between two contacts. It mainly occurs between various forms of materials that include gases, solid objects, and liquids. Friction between liquids is termed as fluid friction. Friction materials are majorly used to improve the efficiency of vehicles, performance, and appearance. These materials are applicable in aircraft, light trucks, railways, commercial vehicles passenger cars, and others. They are mainly used in brake and clutch systems and transmissions. They are selected on the basis of speed to be encountered, application, temperature involved, and performance requirements. For instance, sintered materials are predominantly used in heavy-duty areas such as aircraft braking systems and industrial machinery clutches. Paper finds application as a friction material in automobiles and light trucks.
Friction products and materials manufacturers are expecting higher sales, owing to increase in demand for pads and lining product lines, which drives the growth of the global friction products and materials market. Moreover, manufacturers are focusing on various marketing strategies, such as product offering, to meet the growth in requirement for pads and lining units. In addition, increase in demand and adoption of friction products in the automobile industry is expected to drive the growth of the global market. Furthermore, upsurge in demand for commercial and passenger cars is expected to boost the growth of the market. Rapid urbanization and industrialization are anticipated to fuel the demand for commercial and passenger cars, which in turn will supplement the market growth. In addition, rise in demand for lightweight friction products in automotive end-use industry provides lucrative opportunities for the global friction products and materials market. However, stringent regulations associated with the use of various friction materials such as copper and asbestos are anticipated to restrain the growth of this market during the forecast period.
The global friction products and materials market is segmented into product, business type, application, end-use industry. Based on product, the market is divided into pads, lining, discs, blocks, and others. By business type, it is classified into original equipment (OE) and aftersales. The applications covered on the study include brakes, clutches, and industrial brakes & transmission systems. Depending on end-use industry, the market is segregated into automotive, construction, railway, aerospace & mining, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to hold the highest market share during the forecast period.
The key players profiled in this report include Nisshinbo Holdings Inc., Akebono Brake Industry, Federal-Mogul Holdings, MIBA AG, Carlisle Brake & Friction (CBF), ABS FRICTION CORP., European Friction Industries Ltd, Fras-le, Hindustan Composites Ltd., and GMP Friction Products.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive analysis of the current and emerging market trends and dynamics in the global friction products and materials market.
- In-depth analysis is conducted by constructing market estimations for the key market segments between 2018 and 2025.
- Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
- Key market players within the friction products and materials market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook.
KEY MARKET SEGMENTS
BY BUSINESS TYPE
- Original Equipment (OE)
- Industrial Brake & Transmission Systems
BY END-USER INDUSTRY
- Aerospace & Marine
- North America
o Rest of Europe
o South Korea
o Rest of Asia-Pacific
o Latin America
o Middle East
- Nisshinbo Holdings Inc.
- Akebono Brake Industry
- Federal-Mogul Holdings
- MIBA AG
- Carlisle Brake & Friction (CBF)
- ABS FRICTION CORP.
- European Friction Industries Ltd
- Hindustan Composites Ltd.
- GMP Friction Products
What is the estimated value of the Global Friction Products and Materials Market?
What is the growth rate of the Global Friction Products and Materials Market?
What is the forecasted size of the Global Friction Products and Materials Market?
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
3.2. Friction products and materials market, by end-use industry
3.3. Friction products and materials market, by product type
3.4. Friction products and materials market, by application
4.2. Market dynamics
188.8.131.52. Upsurge in demand for passenger and commercial vehicles
184.108.40.206. Increase in demand for effective friction products in automotive industry
220.127.116.11. Stringent regulations associated with friction materials
18.104.22.168. Upsurge in demand for lightweight friction products in automotive end-use industry
22.214.171.124. Advancements in braking technologies to eradicate the use of friction material
4.3. Porter’s five forces analysis
4.4. Value chain analysis
4.5. Key player positioning, 2018
4.6. Friction materials: material overview
4.6.1. Non-asbestos organic (Nao)
4.6.2. Low steel
4.6.4. Sintered metals
4.7. Macroeconomic indicator
5.1.1. Market size and forecast, by product type
6.1.1. Market size and forecast, by business type
6.2. Original Equipment (OE)
7.1.1. Market size and forecast, by application
7.4. Industrial brake & transmission systems
8.1.1. Market size and forecast, by end-use industry
8.5. Aerospace & Marine
9.1.1. Market size and forecast, by region
9.2. North America
9.2.1. North America market size and forecast, by country
9.3.1. Europe market size and forecast, by country
126.96.36.199. Rest of Europe
9.4.1. Asia-Pacific market size and forecast, by country
188.8.131.52. South Korea
184.108.40.206. Rest of Asia-Pacific
9.5.1. LAMEA market size and forecast, by country
220.127.116.11. Latin America
18.104.22.168. Middle East
10.1.1. Company overview
10.1.2. Company snapshot
10.1.3. Product portfolio
10.2. Akebono Brake Industry Co., Ltd.
10.2.1. Company overview
10.2.2. Company snapshot
10.2.3. Operating business segments
10.2.4. Product portfolio
10.2.5. Business performance
10.3. Carlisle Companies Incorporated
10.3.1. Company overview
10.3.2. Company snapshot
10.3.3. Operating business segments
10.3.4. Product portfolio
10.3.5. Business performance
10.4. European Friction Industries Ltd.
10.4.1. Company overview
10.4.2. Company snapshot
10.4.3. Operating business segments
10.4.4. Product portfolio
10.5. Fras-le S.A.
10.5.1. Company overview
10.5.2. Company snapshot
10.5.3. Operating business segments
10.5.4. Product portfolio
10.5.5. Key strategic moves and developments
10.6. GMP Friction Products
10.6.1. Company overview
10.6.2. Company snapshot
10.6.3. Product portfolio
10.7. Hindustan Composites Limited
10.7.1. Company overview
10.7.2. Company snapshot
10.7.3. Operating business segments
10.7.4. Product portfolio
10.7.5. Business performance
10.8. Miba AG
10.8.1. Company overview
10.8.2. Company snapshot
10.8.3. Operating business segments
10.8.4. Product portfolio
10.8.5. Business performance
10.9. Nisshinbo Holdings Inc.
10.9.1. Company overview
10.9.2. Company snapshot
10.9.3. Operating business segments
10.9.4. Product portfolio
10.9.5. Business performance
10.10. Tenneco Inc. (Federal-Mogul Motorparts LLC)
10.10.1. Company overview
10.10.2. Company snapshot
10.10.3. Operating business segments
10.10.4. Product portfolio
10.10.5. Business performance
10.10.6. Key strategic moves and developments
Friction materials are utilized to induce friction in situations where slow movement is necessary. A friction material retrains the relative motion, when a solid object comes into contact with a diverging surface that opposes an object’s direction of movement. In other words, friction can be used anywhere. For e.g. simply slowing down or stopping an object to accelerating it to a certain speed.
Friction materials are mostly made up of substances such as paper, elastomerics, graphitics, and sintered metals. Bonded sintered metal or ceramic is most commonly used in the production of friction material products. Friction materials are used to make brake and clutch systems, transmissions, and certain industrial and household items. Industries such as aircraft, aerospace, automotive, railroad, and defense use friction materials for applications, which include clutch & brake systems, operating systems, automotive equipment, gear tooth systems, and industrial machinery.
Pads and lining are the two most popular friction materials. Pads look like a half circular structure, whereas friction linings are made of abrasive components and lubricate raw components of friction materials. Benefits offered by lining friction materials include high heat & pressure resistance and recoverable structure of linings, which drive their demand in the passenger and commercial vehicles.
The global friction products and materials industry has witnessed a substantial growth over the past few years and is expected to continue this trend during the coming years. This is attributed to increase in demand for friction materials in the automotive, aerospace, and machinery industries. In addition, development of the forestry, oil & gas, and mining sector particularly in the emerging markets fuels the market growth. However, advancements in brake and clutch technologies have minimized the use of friction materials, which is anticipated to hinder the market growth. Furthermore, rise in demand for electric & hybrid vehicle in developing countries, availability of low-cost & efficient manufacturing particularly in the Asia-Pacific region, and increase in demand for friction material products provide lucrative growth opportunities for the friction products and materials market.
The automotive industry secured the highest share of about 63.9% in the global friction products and materials market in 2017 and is expected to grow at a CAGR of 5.1% during the forecast period. In terms of product types, brake pad is expected to account for the highest market share in the coming years.
Asia-Pacific secured the highest market share in 2017, owing to growth in automotive sector particularly in developing nations. In addition, increase in demand for friction materials from various manufacturing industries is expected to boost the Asia-Pacific market growth. North America and Europe are expected to register significant growth during the forecasted period.
Key Findings of the Friction products and materials market:
In 2017, the pad friction materials product segment dominated the global market in terms of revenue and is projected to grow at a CAGR of 5.4% during the forecast period.
The automobile and railway industries are expected to be the largest customers for the friction materials players as the two contributes for around 84.5% share of the total friction products and materials market globally in 2017.
Asia-Pacific is projected as one of the most dominant regions in the friction products and materials market. The Asia-Pacific market accounted for more than 45 % of friction products and materials market share in 2017.
The quantitative analysis of the global market from 2017 to 2025 is provided to determine the market potential. The study provides an in-depth friction products and materials market analysis along with the current trends and future estimations to elucidate the imminent investment pockets.
In addition, friction products and materials market forecast analysis from 2018 to 2025 is also included in the report.
The major players operating in the market include ABS Friction Corp, Akebono Brake Industry, Carlisle Brake & Friction (CBF), European Friction Industries Ltd, Fras-le, GMP Friction Products, Hindustan Composites Ltd., MIBA AG, Nisshinbo Holdings Inc., and Tenneco (Federal-Mogul Holding).
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.