Emerging Trends and Dynamics in the Friction Products and Materials Market by 2025
Surge in demand for friction materials in aerospace, automotive, and machinery industries along with development of the oil & gas, forestry, and mining sectors in emerging countries drive the growth in the market. However, technological advancements in brakes and clutches restrict the market growth. On the other hand, rise in demand for electric and hybrid vehicles in developing nations along with availability of cost-effective & efficient production facilities specifically in Asia-Pacific region create new opportunities in the market.
To Explore More, Download Sample Report: https://www.alliedmarketresearch.com/request-sample/5251
Pads segment to maintain its dominating position in terms of revenue by 2025
Based on product type, the pads segment accounted for nearly two-fifths of the total share and is expected to maintain its dominating position in terms of revenue throughout the forecast period. Moreover, this segment is estimated to grow at the fastest CAGR of 5.4% from 2018 to 2025. This segment presents lucrative opportunities due to rise demand for friction pads in braking systems with the growth in the automotive industry. The research also analyzes lining, discs, blocks, and others.
Brakes segment to offer lucrative opportunities
Based on application, the brakes segment held the major share in 2017, contributing more than half of the total market share. This segment will maintain its lead in terms of revenue by 2025. Moreover, This segment is expected to accrue the fastest growth rate with a CAGR of 5.1% from 2018 to 2025. It is a lucrative segment, owing to advancements in technology along with rise in adoption of commercial and passenger vehicles. The report explores clutches and industrial brake & transmission systems.
Purchase Report Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/5251
Asia-Pacific to dominate during the forecast period
Asia-Pacific accounted for nearly half of the total share in terms of revenue in 2017 and will maintain its lead in terms of revenue during the forecast period. This region is expected to grow at the fastest rate with a CAGR of 5.3% from 2018 to 2025. This dominance is due to rise in penetration of friction products along with high concentration of suppliers. The research also discusses North America, Europe, and LAMEA.
Leading market players
Leading market players analyzed in the research include Akebono Brake Industry, ABS Friction Corp., European Friction Industries Ltd., Carlisle Brake & Friction (CBF), Hindustan Composites Ltd., Fras-le, GMP Friction Products, Nisshinbo Holdings Inc., MIBA AG, and Tenneco (Federal-Mogul Holding).
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Emerging Trends and Dynamics in the Friction Products and Materials Market by 2025 here
News-ID: 1796554 • Views: 98
More Releases from allied market research
North America Geogrid Market 2020 Segmentation, Demand, Growth, Trend, Opportuni …
According to the report published by Allied Market Research, the North America geogrid market generated $282.0 million in 2019, and is estimated to reach $408.25 million by 2027, registering a CAGR of 7.0% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios. Surge in infrastructure development activities across the U.S. and Mexico and superior physical properties
Intravenous Immunoglobulin (IVIG) Market 2020 In-Depth Analysis of Industry Shar …
Global intravenous immunoglobulin market accounted for $8,995 million in 2017, and is projected to reach $15,964 million by 2025, registering a CAGR of 7.5% from 2018 to 2025. Immunoglobulin (Ig) is a plasma-derived product, which is obtained from the serum of healthy donors. The isolated plasma product is clinically treated and purified to Ig, which can be further used in the treatment of patients with antibody deficiency. Intravenous immunoglobulin (IVIG) finds
Asthma and COPD Drugs Market Is Expected to Witness a Steady Growth by 2026
"Asthma and COPD Drugs Market by Disease and Medication Class - Global Opportunity Analysis and Industry Forecasts, 2014-2022", projects that the global market for Asthma and COPD Drugs was valued at $38,960 million in 2015 and would reach $50,359 million by 2022, registering a CAGR of 3.7% from 2016 to 2022. Asthma segment dominated the market in 2015 and expected to continue its dominance throughout the forecast period. North America
Synthetic Biology Market in Global Industry by Top Companies, Type and Applicati …
Global Synthetic biology market is forecast to reach $38.7 billion by 2020, at a CAGR of 44.2% during the forecast period (2014 - 2020). Europe occupies largest share in the global market and would hold-on to its position throughout 2020. However, Asia Pacific is the fastest growing market with a CAGR of 46.4% from 2014 - 2020. Read Full Report @ https://www.alliedmarketresearch.com/synthetic-biology-market Synthetic biology is at a nascent stage and has recently
More Releases for Friction
Friction Modifiers Market Commanding Competition 2025
Global Friction Modifiers Market: Overview The global friction modifiers market is foreseen to gain momentum in growth due to its widening scope as a result of the rise of the transportation industry. Increase in the use of lubricants around the world could be one of the vital factors attaining support from the overall growth of the transportation industry. In the near term, market growth is anticipated to increase on the back
Global Friction Modifier Additives Market Research Report
Latest industry research report on: Global Friction Modifier Additives Market | Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts This report by Future Market Insights on the global friction modifier additive market for the period 2016–2026 presents an outlook of the market across the globe. The primary objective of the report is to offer updates on market opportunities in the global friction modifier additive market. To understand and
Friction Stir Welding Equipment Market 2017-2022
Apex Research, recently published a detailed market research study focused on the "Friction Stir Welding Equipment Market" across the global, regional and country level. The report provides 360° analysis of "Friction Stir Welding Equipment Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Friction Stir Welding Equipment industry, and estimates the future
Coefficient of Friction Test Method of Seeds
In modern agriculture, the selecting, transportation and sowing of seeds are all realized by automatic mechanization, which also makes a great contribution to the increase of output of grains and income of farmers. The coefficient of friction of the seeds against agricultural machinery may influence the working efficiency greatly. The coefficient of friction is one main factor that shall be considered when selecting surface materials of agricultural machinery and determining
New Elesa CMUF 270° adjustable friction hinge
The new Elesa CMUF 270° hinge offers a simple way of supporting flaps, panels, hatches and doors in a desired position against the effect of gravity or limited external forces. The CMUF adjustable friction hinge can in some instances negate the need for hatch springs or gas struts. The CMUF allows for simple friction adjustment with use of an axially mounted hex socket screw to suit varying circumstances on enclosures
Cardanol, Coatings, Friction
Satya Cashew Chemicals P,Ltd. specializes in cashew nuts. It is a leading manufacturer and exporter of the products cardanol, friction dust, phenolic liquid resins used in coatings, resin and friction material industries. SCCPL develops & manufactures products that play a key role in brake linings, disc pads, clutch facings, brake blocks, surface coatings, laminates and various other applications. The Satya Cashew chemicals (P)LTD SCCPL, it is a leading manufacturer and exporter