Friction Material Market Size (2024 - 2029)

The friction materials market is anticipated to experience growth, driven by increasing demand from industrial machinery and the recovery of automotive and transport sectors post-pandemic. Despite challenges such as high costs and maintenance requirements, the market's expansion is supported by the significant consumption in the Asia-Pacific region, particularly in countries like China, India, and Japan. The market's dynamics have been influenced by the temporary disruptions caused by COVID-19, which affected the demand in various transportation sectors but maintained a steady need for freight applications.

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Market Size of Friction Material Industry

Friction Material Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Friction Material Market Major Players

*Disclaimer: Major Players sorted in no particular order

Friction Materials Market Analysis

The friction material market is projected to register a CAGR of over 6% during the forecast period (2021-2026).

The market was negatively impacted by COVID-19 in 2020. During the pandemic scenario, automotive manufacturing activities were stopped temporarily during the lockdown, thereby decreasing the consumption of friction materials used in vehicles' clutches, gears, braking systems, and others. Furthermore, the passenger train and air transport facilities were halted during the pandemic for a long duration of time, which decreased the consumption of friction materials used in the braking systems of trains and clutches, brakes, and gears of aircraft. However, freight trains were running at full pace. For instance, the total freight loading through Indian railways amounted to about 57.47 million ton till August 19, 2020, with a growth rate of 6.6% compared to the same period of 2019, which has enhanced the demand for friction materials used in the braking systems of freight trains.

Over the short term, the growing need for friction material products for various industrial machinery is expected to drive the market's growth.

On the flip side, the high cost and maintenance of friction materials are expected to hinder the market growth.

The Asia-Pacific region is expected to dominate the market during the forecast period due to the huge consumption from countries such as China, India, and Japan.

Friction Materials Industry Segmentation

Friction materials are used to provide or enhance friction to decelerate or stop the system. Friction materials majorly find applications in braking systems, where they are used in brake pads and brake linings. The friction material market is segmented by type, material, application, end-user industry, and geography. By type, the market is segmented into discs, pads, blocks, linings, and other types. By material, the market is segmented into ceramic, asbestos, semi-metallic, sintered metals, aramid fibers, and other materials. By application, the market is segmented into clutch and brake systems, gear tooth systems, and other applications. By end-user industry, the market is segmented into automotive, railway, aerospace, mining, and other end-user industries. The report also covers the market sizes and forecasts for the friction material market in 15 countries across the major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

Type
Discs
Pads
Blocks
Linings
Other Types
Material
Ceramic
Asbestos
Semi-metallic
Sintered Metals
Aramid Fibers
Other Materials
Application
Clutch and Brake Systems
Gear Tooth Systems
Other Applications
End-user Industry
Automotive
Railway
Aerospace
Mining
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Friction Material Market Size Summary

The friction materials market is poised for significant growth, driven by increasing demand across various sectors, including automotive, industrial machinery, and aerospace. The market experienced a downturn due to the COVID-19 pandemic, which temporarily halted automotive manufacturing and reduced the consumption of friction materials in vehicles, trains, and aircraft. However, the demand for friction materials in freight trains remained robust. The Asia-Pacific region, particularly China and India, is expected to dominate the market due to its vast industrial and automotive sectors and ongoing investments in infrastructure development. The market's growth is supported by the rising need for friction materials in both light and heavy-duty vehicles, where they are used in clutches, brakes, and gears. Sintered metal and ceramic materials are particularly valued for their heat resistance and durability, making them suitable for heavy-duty and high-performance applications.

Despite the positive growth outlook, the market faces challenges such as high costs and maintenance requirements of friction materials. The automotive industry has seen a slowdown, with significant declines in production and sales in major hubs like the United States, China, Japan, and Germany. This has impacted the demand for friction materials, although the aerospace sector's growth in India and China is expected to offset some of these challenges. The market is partially consolidated, with key players like Nisshinbo Holdings Inc., Akebono Brake Industry Co. Ltd, ITT Inc., Miba AG, and ANAND Group holding significant market shares. Strategic acquisitions, such as Brembo SpA's acquisition of SBS Friction AS and Tenneco Inc.'s acquisition of Federal-Mogul LLC, are expected to enhance product portfolios and strengthen market positions.

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Friction Material Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Need for Industrial Machinery

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 High Maintenance and Cost of Friction Materials

      2. 1.2.2 Impact of COVID-19 Outbreak

      3. 1.2.3 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Discs

      2. 2.1.2 Pads

      3. 2.1.3 Blocks

      4. 2.1.4 Linings

      5. 2.1.5 Other Types

    2. 2.2 Material

      1. 2.2.1 Ceramic

      2. 2.2.2 Asbestos

      3. 2.2.3 Semi-metallic

      4. 2.2.4 Sintered Metals

      5. 2.2.5 Aramid Fibers

      6. 2.2.6 Other Materials

    3. 2.3 Application

      1. 2.3.1 Clutch and Brake Systems

      2. 2.3.2 Gear Tooth Systems

      3. 2.3.3 Other Applications

    4. 2.4 End-user Industry

      1. 2.4.1 Automotive

      2. 2.4.2 Railway

      3. 2.4.3 Aerospace

      4. 2.4.4 Mining

      5. 2.4.5 Other End-user Industries

    5. 2.5 Geography

      1. 2.5.1 Asia-Pacific

        1. 2.5.1.1 China

        2. 2.5.1.2 India

        3. 2.5.1.3 Japan

        4. 2.5.1.4 South Korea

        5. 2.5.1.5 Rest of Asia-Pacific

      2. 2.5.2 North America

        1. 2.5.2.1 United States

        2. 2.5.2.2 Canada

        3. 2.5.2.3 Mexico

      3. 2.5.3 Europe

        1. 2.5.3.1 Germany

        2. 2.5.3.2 United Kingdom

        3. 2.5.3.3 France

        4. 2.5.3.4 Italy

        5. 2.5.3.5 Rest of Europe

      4. 2.5.4 South America

        1. 2.5.4.1 Brazil

        2. 2.5.4.2 Argentina

        3. 2.5.4.3 Rest of South America

      5. 2.5.5 Middle-East and Africa

        1. 2.5.5.1 Saudi Arabia

        2. 2.5.5.2 South Africa

        3. 2.5.5.3 Rest of Middle-East and Africa

Friction Material Market Size FAQs

The Friction Material Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

Nisshinbo Holdings Inc. , AKEBONO BRAKE INDUSTRY CO., LTD., ITT INC., Miba AG and ANAND Group are the major companies operating in the Friction Material Market.

Friction Materials Market Report Snapshots

Friction Materials Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)