- Friction materials are also termed as brake or clutch materials. They are usually applied to halt or decrease the speed of a vehicle by the process of changing kinetic into thermal energy with the help of friction.
- The materials are present with a rough texture that help in reduction of stopping distance and time when the brakes are applied. The focus is also on weight reduction of friction materials and brake.
- These friction materials can withstand high wear and tear along with high temperature which acts as the vital factor escalating the market growth
- Asia-Pacific is expected to dominate the Friction Materials market due to rising consumer demand for passenger and commercial vehicles, supported by favourable government policies and foreign investments in local manufacturing
- North America is expected to be the fastest growing region in the Friction Materials market during the forecast period due to increasing demand for electric vehicles (EVs), stringent safety regulations, and a rebound in automotive production post-COVID-19
- The enzymes and preservatives segment is expected to dominate the market with a market share of 56.22% due to the critical role of additives in maintaining freshness and preventing microbial spoilage in frozen products.
