Friction Materials Market
Friction Materials Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Friction Materials Market Size and Growth
The global friction materials market size is estimated to be valued at $20.5 billion in 2021, with a projected CAGR of 5.2% from 2021 to 2028. The market is driven by the automotive industry's growth, stringent regulations, and increasing demand for high-performance friction materials in various applications. Request Sample Report
Companies Covered (Covid 19 Impact Covered)
◍ Akebono Brake Industry
◍ Federal-Mogul Holdings
◍ Fras-Le
◍ Itt Inc.
◍ Aisin Seiki
◍ Nisshinbo Holdings
◍ MIBA
◍ Carlisle Brake & Friction (CBF)
◍ Valeo Friction Materials India Private Limited
◍ Yantai Hi-Pad Brake Technology
The Friction Materials Market is highly competitive with key players such as Akebono Brake Industry, FederalMogul Holdings, Fras-Le, Itt Inc., Aisin Seiki, Nisshinbo Holdings, MIBA, Carlisle Brake & Friction (CBF), Valeo Friction Materials India Private Limited, and Yantai Hi-Pad Brake Technology. These companies cater to various industries such as automotive, aerospace, and industrial. They help grow the market by offering innovative products and solutions that enhance the performance and safety of braking systems.
- Akebono Brake Industry reported sales revenue of $3.9 billion
- Federal-Mogul Holdings reported sales revenue of $6.8 billion
- Fras-Le reported sales revenue of $1.2 billion
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Market Segmentation
By Application
◍ Automotive
◍ Railway
◍ Construction
◍ Aerospace & Marine
◍ Others
By Product
◍ Pads
◍ Linings
◍ Discs
◍ Blocks
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$ X Billion USD
Market Growth
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