Bharat Book

Global Market Report on Friction Products and Materials

Press Release   •   Dec 25, 2015 11:52 IST

Dec 25 2015 Mumbai, India: Bharatbook.com announces a report on “ Global Market Report on Friction Products and Materials ". The potential audience for this study includes marketing executives, business unit managers and other decision-makers for friction products and materials companies.

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.

This report provides:

-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

INTRODUCTION STUDY GOALS AND OBJECTIVES

This report is an updated edition of a study published in 2013. Its goal is to provide a detailed and comprehensive study of the global market for friction products and materials in light vehicles, medium- and heavy-duty trucks, aircraft and other industrial applications, as well as potential business opportunities in the future. The report covers both original equipment (OE) markets and the aftermarket. Its objectives include a thorough coverage of the underlying economic issues driving the friction products and materials business, as well as assessments of new and potential products that companies are developing. Social, political and regulatory issues are also covered, as are international markets. Another important objective is to provide realistic market data and forecasts for friction products and materials.

REASONS FOR DOING THE STUDY

The last technical market study on friction products and materials, was published in mid-2013. Since then, the friction material market has continued to evolve as a result of the slow and uneven recovery from the 2008 to 2009 recession in most of the developed markets and the faltering growth of customer industries in emerging markets such as China and India.

The friction materials industry is still relatively secretive and as such it is very difficult to obtain solid information on how much of these materials are being sold and where.

There are very few sources concerning friction materials, and they present a most incomplete picture. Estimates for the size of the friction materials market are scarce, although a number of companies have shown interest in the market. This report is designed to meet the need for up-to-date intelligence on the size and structure of the global friction products industry.

INTENDED AUDIENCE

The potential audience for this study includes marketing executives, business unit managers and other decision-makers for friction products and materials companies. Technology suppliers, suppliers of plastic resins and other materials, and other companies involved in this business also represent a key audience.

SCOPE OF REPORT

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.

INFORMATION SOURCES

Initially, a comprehensive and exhaustive search of the literature on friction materials and products was conducted. These secondary sources included automotive and related journals and books, trade literature, marketing literature, other product/promotional literature, annual reports, security analyst reports and other publications. In a second phase, a series of semi-structured interviews was conducted with marketing executives, engineers, business unit managers, design engineers and other personnel at the friction materials and products companies. Other sources included academics, technology and materials suppliers, technical experts, trade association officials, government officials and consulting companies.

For more information kindly visit : https://www.bharatbook.com/materials-chemicals-market-research-reports-430421/global-friction-products-materials.html

Related Reports : https://www.bharatbook.com/industry-mfg-market-research-report/materials-chemicals.html

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