San Francisco, California, 05th November 2018: Friction materials are generally used to improve the efficiency, performance, and aesthetics of a vehicle. The key areas of application of friction materials are aerospace, automotive, defense, and heavy machinery. A recent intelligence study, titled as “Friction Materials Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2028,” talks about the general market scenario, its drivers, trends, and possible restraints. The report additionally delves into the competitive landscape of the global friction materials market, elucidating on the strategies to be adopted by vendors in order to gain market traction over the forecast period of 2018 to 2028.
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The automotive industry is rising at a swift rate, and generating colossal demand for efficient clutch and brake systems. This is primarily driving the global friction materials market to a large extent. Other than the automotive industry, friction materials are heavily utilized across several industries such as defense, aerospace, heavy machine manufacturing, and railroads.
The prominent materials used in friction materials market include paper, elastomerics, sintered metals, ceramics, and advanced fibers, among others. The type of material used depends upon the purpose and industry to be used in, the material’s wear and tear capacity, and environmental conditions in which the resultant product will be placed in.
Underdevelopment of some key end-use industries may pose as a challenge to the growth of the global friction materials market to some extent.
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In terms of geography, the region of Asia Pacific is expected to emerge dominant in the global friction materials market over the coming years. The region’s growth could be attributed to the burgeoning financial and social growth in countries such as China and India.
Established vendors in the global friction materials market include Federal-Mogul Holdings, Federal-Mogul Holdings, Akebono Brake Industry, Valeo Friction Materials India, and Aisin Seiki.