Friction material or brake material or clutch materials are mainly used to apply friction in the conditions where there is requirement of slow or decreased movement. In systems that require particular contact interactions between two or more components, friction materials are used. Elastomeric, graphitic, paper, and sintered metals are some of the common substances which ae used in the production of the friction material. They are used as brakes in cars and other vehicles. They usually convert the kinetic energy into heat so they can slow or stop a vehicle. Brake pads, clutch plates, friction bands, brake shoes, bonded assembles and other are some of the common products in which friction materials are used. They are widely used in industries such as railway, construction, aerospace & marine and automotive as well.
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Some of the factors responsible for the growth of this market are:
The global friction materials market is segmented on the basis of product as lining, pads, blocks, discs & others; business type as OEM & aftersales; application as brakes, clutches, industrial brake & transmission systems and end-user as automotive, railway, construction, aerospace & marine, and others.
Some of the launches and acquisitions in the market are as follows:
“According to Data Bridge Market Research, global friction material market is set to witness a steady CAGR of 4.65% in the forecast period of 2019-2026”
Few of the major market competitors currently working in the friction materials market are AKEBONO BRAKE INDUSTRY CO. LTD., Federal-Mogul Motorparts LLC, Miba AG, Fras-le, Nisshinbo Holdings Inc., AISIN SEIKI Co. Ltd., ANAND Group, Carlisle Brake & Friction, Robert Bosch GmbH, ABS Friction, Knorr-Bremse AG, Brembo, BREMSKERL REIBBELAGWERKE Emmerling GmbH & CO. KG, ITT INC., General Aviation Manufacturers Association, ICER BRAKES, Japan Brake Industrial Co. Ltd., LUMAG GmbH, Trimat Limited, ZF Friedrichshafen AG among others.
Friction material is facing high demand from automotive industry as they are used in brake system so they can stop or slow down any moving vehicles. There is also a huge demand for friction products among consumers. Today many manufacturers are paying more focus towards developing cost effective and highly efficient friction materials. The main aim of the friction material is to provide effective and safe braking solutions. These are some of the factors which are creating new opportunities for this market.
Global Friction Materials Market – Industry Trends and Forecast to 2028