Global Friction Materials Market
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:
- Increase in sales of vehicles: Today there is tremendous demand of vehicles among population. The main factor due to which people are adopting these vehicles is because it provides them a convenient option to travel from one place to other. These vehicles are comfortable and fast. Today, manufacturers are producing vehicles in different sizes as per the need of the consumer. There are different types of vehicles such as ambulances, cars, police cars, trucks and other which have different role to play
- These friction materials are able to withstand high wear and tear along with high temperature: Friction usually causes wear and tear which decreases the lifespan of a material. This can influence the effectiveness and performance of the product, leading in enhanced cost of replacement and maintenance of the portion. Plastics are very good wear materials with a low friction rate, making them suitable for friction applications. Most plastics also have elevated abrasion resistance under dry operating circumstances. Whenever the low friction rare, thermoplastics are very beneficial as they offer many advantages such as less weight, low noise emission and also provide good corrosion resistance
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:
- In August 2018, Knorr-Bremse Rail Vehicle Systems announced the acquisition of Federal-Mogul. This acquisition will provide right to the company so they can develop and produce friction material for rail vehicle and other industrial application. The main aim of the acquisition is to strengthen their position in the market and expand their offerings
- In January 2017, Meyle announced the launch of their new brakes pads in their Meyle PD range. They are manufactured using refined friction material mix and are suitable for different van models such as the Ford Transit, the Mercedes Sprinter and VW crafter. This new material is designed so they can enhance the shelf life of the brake pads. This brake pad also has damping shims which has the ability to neutralize vibration and prevent brake squeal
“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.
