Friction is the resistive force between two contacts
that stop the objects from sliding. Friction occurs between all three forms of
materials such as solid objects, gases and liquids. Fluid friction is the
friction between liquids. Friction materials are used to enhance the
performance of vehicles, their efficiency and appearance. Major application
areas of friction products and materials are light trucks, aircrafts, railways,
passenger cars, commercial vehicles in addition to other industrial
applications. Friction products included in the above mentioned areas are brake
shoes, brake pads, discs, automotive brakes, brake lining and drum brake. Brake
friction materials include materials such as magnesium oxide, steel fiber,
barium, resin, aluminium oxide and friction dust. The above mentioned materials
are used to improve thermal stability, wear resistance and strength.
Passenger cars and ground transportation holds one of
the largest market share followed by industrial sector aircrafts and railways.
The materials used in the brake pads for passenger cars can be segmented
as ceramic or hybrid, semi metallic and low metallic. The use of these three
materials can be further segmented on the basis of favorability across the
geographies.
Some of the key participants in this market include
Akebono Brake Industry Co., Ltd., Federal-Mogul Corporation, Nisshinbo Brake
Inc., ITT, Fras-le S A, Carlisle Brake & Friction, ADVICS Co., Ltd,
Honeywell Corporation etc. Of these Honeywell corporation has launched a volley
of newly advanced materials and products such as cutting edge brake pad
technologies, introduction of new aftermarket brake pads and others.
This research report analyzes this market depending on
its market segments, major geographies, and current market trends. Geographies
analyzed under this research report include
North America
Asia Pacific
Europe
Rest of the World
This report provides comprehensive analysis
of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
This report is a complete study of current trends in
the market, industry growth drivers, and restraints. It provides market
projections for the coming years. It includes analysis of recent developments
in technology, Porter’s five force model analysis and detailed profiles of top
industry players. The report also includes a review of micro and macro factors
essential for the existing market players and new entrants along with detailed
value chain analysis.
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