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.
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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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