Global Automotive Friction Materials Market was valued at USD 3.21 Billion in 2022 and is projected to reach USD 4.60 Billion by 2030, growing at a CAGR of 4.59% from 2024 to 2030.
The automotive friction materials market is experiencing significant growth due to the increasing demand for high-performance, durable, and sustainable components in the automotive industry. Friction materials, such as brake pads, brake linings, and clutch facings, are critical components of vehicle safety and performance, contributing to enhanced braking efficiency and longevity. With a growing emphasis on environmental impact, manufacturers are focusing on developing materials that reduce wear and tear, minimize noise, and offer superior performance under various driving conditions.
Recent trends in the automotive friction materials market highlight the shift towards eco-friendly alternatives. With rising awareness of sustainability, there has been a notable increase in demand for friction materials that are free from harmful substances like asbestos and offer better recyclability. Additionally, the integration of advanced technologies, such as carbon-based and ceramic composites, is transforming the performance characteristics of friction materials. These innovations contribute to improved braking efficiency, reduced friction-related wear, and enhanced vehicle fuel efficiency.
Geographically, the market is experiencing substantial growth in emerging economies, where the automotive industry is expanding rapidly. Regions such as Asia-Pacific, especially China and India, are witnessing a surge in automotive production and, consequently, the demand for friction materials. The growing adoption of electric vehicles (EVs) is also driving the need for specialized friction materials designed to accommodate unique braking systems and requirements of EVs.
The competitive landscape of the automotive friction materials market is marked by the presence of several key players, including manufacturers, suppliers, and distributors of raw materials. Key industry participants are heavily investing in research and development to introduce innovative products that offer better performance, longevity, and environmental benefits. Furthermore, the focus on regulatory compliance and standards related to emissions and safety has heightened the importance of advanced friction materials in vehicle design.
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Akebono Brake Industry
Tenneco(Federal-Mogul)
Fras-Le
ITT
Aisin Seiki
Nisshinbo
MIBA
Carlisle Brake & Friction (CBF)
Valeo Friction Materials
Yantai Hi-Pad Brake Technology
Brembo
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automotive Friction Materials Market
OE
Aftersales
Based on Types the Market is categorized into Below types that held the largest Automotive Friction Materials market share In 2023.
Lining
Pads
Blocks
Discs
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automotive Friction Materials Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automotive Friction Materials Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Friction Materials Market, By Type
6. Global Automotive Friction Materials Market, By Application
7. Global Automotive Friction Materials Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Automotive Friction Materials Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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