To help users, readers, and investors understand the market scenario precisely, Reports and Data has published a new report on the global Friction Materials market. In addition to market share, revenue growth, market size, drivers, restraints, growth opportunities, limitations, top companies and market segmentation, the report also offers in-depth information about market segments, drivers, restraints, growth opportunities, and limitations. A thorough primary and secondary research process was undertaken to compile the report, which is verified by industry experts. The data is well-represented with the use of charts, graphs, tables, figures and other pictorial elements.

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Market Overview:

As a result of steady revenue growth over the past few years, the manufacturing and construction industry is expected to achieve a robust annual revenue growth rate by forecast period. In addition to the rapidly growing construction industry, rapid urbanization and industrialization, and technological advancements in manufacturing techniques, this can also be attributed to these factors. Green construction and energy efficient buildings have become increasingly popular in recent years as awareness of environmental impact and carbon emissions has increased. Over the forecast period, key factors are expected to boost global market growth, including the rapid growth of global populations, changing lifestyle preferences, the increasing demand for smart buildings, an increase in renovation and reconstruction activities, and an increase in eco-friendly construction activities. Other factors that will contribute to market growth in the future include an increase in disposable income, government schemes, and investments by private organizations.

Competitive Landscape

Akebono Brake Industry, European Brake Company, ABS Friction, Yantai Hi-Pad Brake Technology, Brembo, GAMA, Japan Brake Industrial, Miba, Aisin Seiki, and Bendix Commercial Vehicles Systems, among others.

The players operating in the market have undertaken a number of strategies related to the market in the period 2017-2020. Some of the key highlights are:

• In June 2020, Brembo has launched around six carbon discs variants with definite ventilation technologies for the management of even more thermal stress and lightweight calipers.

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Friction Materials Market Segmentation:

Type Outlook:

• Pads
• Linings
• Discs
• Blocks

Application Outlook:

• Brakes
• Clutches
• Others

Regional Outlook:

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• Latin America (Brazil, Rest of LATAM)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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