Friction Materials Market - Forecast(2023 - 2028)

Friction Materials Market Overview

The Covid-19 pandemic impacted the automotive vehicle's production because major economies all across the world were under lockdown, production activities were halted, and other similar measures were taken to curb the Covid-19 pandemic, For instance, according to Organisation Internationale des Constructeurs d'Automobiles (OICA), in 2019 the global automotive vehicles production was 92,175,805 units, and in 2020 it was 77,621,582 units, a decline of 15.8% when compared with 2019. Thus, the decline in automotive production negatively impacted the friction materials market growth. Nevertheless, in 2021 automotive production was set back to pace, this resulted in an increase in industrial production, which benefited friction materials market growth. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), in 2021 the global automotive production increased to 80,154,988 units, which was about 3% higher than in 2020. Moreover, during the upcoming years, the impact of the Covid-19 pandemic will result in the friction materials industry grown scenario similar to pre-Covid time.

Report Coverage

The "Friction Materials Market Report –Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Friction Materials Industry. 

By Product Type: Lining, Pad, Block, Discs, Rolls, Sheets, and Others 
Type: Organic (Asbestos and Non-asbestos), Sintered Alloys (Copper, Brass, Steel, and Others), Ceramic, Resin, Semi-metallic, Aramid Fiber, and Other 
Business Type: Original Equipment Manufacturer (OEM) and After Sales Service 
By Application: Automotive Brakes, Clutches, Gear Tooth System, Industrial Machinery (Industrial Break, Transmission Systems, and Others), and Others 
By End-Use Industry: Automotive (Passenger Cars, Light Commercial Vehicles (LCV), and Heavy Commercial Vehicles (HCV), Aerospace (Commercial, Military, and Others), Marine (Passenger, Cargo, Naval, and Others), Locomotive, Industrial (Mining, Oil and Gas, Wind Energy, Agriculture, and Others), Construction, and Others 
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East (Saudi Arabia, UAE, Israel, and Rest of Middle East), and Africa (South Africa, Nigeria, and Rest of Africa)) 

The automotive segment held the largest share in the friction materials market in 2021 and is forecasted to grow at a CAGR of 7.2% during 2022-2027. In the automotive industry friction materials such as polytetrafluoroethylene, sintered alloys, carbon-ceramic, and more are employed to decelerate a vehicle by converting the vehicle's kinetic energy to heat and radiating that heat into the environment. The growing production of passenger cars, heavy trucks, and other such vehicles is accelerating the demand for clutches, brakes, and gears. Since friction materials are used in these automotive applications it is resulting in the growth of the market. For instance, according to Organisation Internationale des Constructeurs d'Automobiles (OICA), in 2020 the global passenger car production was 55,908,989 units, and in 2021 it was57,054,295 units, an increase of about 2%. Moreover, in the year 2020, the worldwide heavy trucks production was 4,364,595, which was about 4% high when compared to the year 2019. Thus, the growing automotive production at the global level is expanding the growth of clutch, gear, and more, which is further propelling the growth of the friction materials market.

Friction Materials MarketSegment Analysis – By Geography

Friction Materials Market Drivers