Global Markets for Friction Products and Materials

Report Highlights

The global friction products and materials market was valued at $17.2 billion in 2014. This market is projected to grow from $18.0 billion in 2015 to $23.3 billion in 2020, a compound annual growth rate (CAGR) of 5.3% from 2015 to 2020.

Report Includes

• An overview of the global market for friction products and materials in light vehicles, medium- and heavy-duty trucks, aircraft, and other industrial applications
• Analyses of market trends with data from 2014, estimates for 2015, and projections of compound annual growth rates (CAGRs) through 2020
• Coverage of friction products, applications and materials in light vehicles, medium- and heavy-duty trucks, aircraft, and other industrial applications, as well as potential business opportunities in the future
• Information on dry friction materials, such as non-asbestos organic (NAO), semi-metallic, low-metallic, and asbestos friction materials
• Information on wet-friction materials such as paper products
• Analysis of the friction market's drivers, opportunities, and constraints
• Information on industry structure as well as social, political and regulatory issues
• Company profiles of major players in the market

Report Scope

The scope of this report is comprehensive, covering the present status of and future prospects for OE/aftermarket friction materials and products in North America (i.e., the United States and Canada), Western Europe, Japan, China, India and other global markets. The North American market is covered in the greatest detail. The report covers diverse segments such as light vehicles, medium- and heavy-duty trucks, the automotive aftermarket, aircraft/aerospace, construction and other off-road equipment and various industrial applications. These segments are analyzed in detail are technology developments, market conditions and opportunities, and five-year forecasts. The role of new technologies is reviewed in this comprehensive report.

In order to generate the information necessary to construct a reasonable future market for friction materials, it is necessary to undertake an examination of the advantages and disadvantages of the various types of materials. In particular, environmental concerns are very significant for some types of friction materials. This report covers two types of friction materials:

• Dry friction materials such as non-asbestos organic (NAO), semi-metallic, low-metallic and asbestos friction materials.
• Wet-friction materials such as paper products.

In addition to various friction materials and products, the report also covers the many issues concerning the merits and future prospects of the business, including corporate strategies, technologies and the means for providing these products and service offerings. It also covers in detail the social, political, regulatory and economic issues that so many regard as critical to the industry’s current state of change. The report provides a review of the friction materials and products industry and its structure, and the many companies involved in providing these materials and technologies. The competitive position of the main players in the market and the strategic options they face are also discussed, as well as competitive factors such as marketing, distribution and operations.

The values presented in the forecast tables represent the value of the friction products purchased by the OE manufacturers and other industrial companies. These measure value at the point of apparent consumption, regardless of where the friction product was manufactured. For materials, the values represent those paid by the friction product manufacturers. The volume data represent the consumption of these materials by the friction product manufacturers at the point of manufacture for these products, regardless of where the product is sold and used.

Analyst Credentials

Andrew McWilliams spent more than 25 years as a consultant with Ernst & Young, McKinsey & Company and A.T. Kearny focused on manufacturing before segueing into research analysis. He has been covering myriad technology categories for BCC Research for more than 15 years. McWilliams has a BA from Princeton University and an MA from Harvard University. He has worked in more than 40 countries and he resides in the greater Boston area.