Press release
Friction Products and Materials Market Demands and Growth Predication 2018-2025
According to a new report published by Allied Market Research, titled,"Friction products and materials market by Product Type, End-Use Industry, and Application: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"
The friction products and materials market size accounted for $17,046 million in 2017, and is expected to reach $24,533 million by 2025, growing at a CAGR of 4.7% from 2018 to 2025. In 2017, Asia-Pacific dominated the global market, in terms of revenue, accounting for about 47.0% share of the global market, followed by Europe.
Get detailed COVID-19 impact analysis on the Friction Products and Materials Market:https://www.alliedmarketresearch.com/request-for-customization/5251?reqfor=covid
The automotive industry secured the highest share of about 63.9% in the global friction products and materials market in 2017 and is expected to grow at a CAGR of 5.1% during the forecast period. In terms of product types, brake pad is expected to account for the highest market share in the coming years.
Pads and lining are the two most popular friction materials. Pads look like a half circular structure, whereas friction linings are made of abrasive components and lubricate raw components of friction materials. Benefits offered by lining friction materials include high heat & pressure resistance and recoverable structure of linings, which drive their demand in the passenger and commercial vehicles.
Download Sample Report PDF(300+ Pages):https://www.alliedmarketresearch.com/request-sample/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).
Have any Query? Ask our Research Expert:https://www.alliedmarketresearch.com/purchase-enquiry/5251
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada): +1-800-792-5285, +1-503-446-1141
International: +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research/
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
The friction products and materials market size accounted for $17,046 million in 2017, and is expected to reach $24,533 million by 2025, growing at a CAGR of 4.7% from 2018 to 2025. In 2017, Asia-Pacific dominated the global market, in terms of revenue, accounting for about 47.0% share of the global market, followed by Europe.
Get detailed COVID-19 impact analysis on the Friction Products and Materials Market:https://www.alliedmarketresearch.com/request-for-customization/5251?reqfor=covid
The automotive industry secured the highest share of about 63.9% in the global friction products and materials market in 2017 and is expected to grow at a CAGR of 5.1% during the forecast period. In terms of product types, brake pad is expected to account for the highest market share in the coming years.
Pads and lining are the two most popular friction materials. Pads look like a half circular structure, whereas friction linings are made of abrasive components and lubricate raw components of friction materials. Benefits offered by lining friction materials include high heat & pressure resistance and recoverable structure of linings, which drive their demand in the passenger and commercial vehicles.
Download Sample Report PDF(300+ Pages):https://www.alliedmarketresearch.com/request-sample/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).
Have any Query? Ask our Research Expert:https://www.alliedmarketresearch.com/purchase-enquiry/5251
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada): +1-800-792-5285, +1-503-446-1141
International: +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research/
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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