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Friction Materials Market To Reach USD 66.2 Million By 2026

The global friction materials market is forecast to reach USD 66.2 Million by 2026, according to a new report by Reports and Data. The global market for frictional materials is growing with the increasing sales in passenger and commercial vehicles. These vehicles include brakes and clutches that require frictional materials.

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Friction Materials Market To Reach USD 66.2 Million By 2026

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  1. Friction Materials Market To Reach USD 66.2 Million By 2026

  2. Market Size – USD 44.2 Million in 2018, Market Growth - CAGR of 5.1%, Market Trends – The advent of auto components requiring frictional materials are driving the market. Market Summary The global friction materials market is forecast to reach USD 66.2 Million by 2026, according to a new report by Reports and Data. The global market for frictional materials is growing with the increasing sales in passenger and commercial vehicles.  • Further key findings from the report suggest • In the industry of frictional materials, the brakes segment is set to observe the highest CAGR of 5.3% in the forecast period. High demand for brakes from end-use industries like automotive and railway are driving the growth of the friction materials market in the brakes application segment. • In automobiles, disc brakes are frequently employed. These brakes make the system safer for the rider. Hence, the adoption of these brakes boost the market, and they share the second-highest share of 28.8% in the year 2018. • Brake pads are expected to witness the highest CAGR of 5.4% in the forecast period. These pads are used in brake systems where there is a presence of high friction, which leads to wearing and tearing of the system. Hence, these products are treated to release less dust and are less prone to weathering from high temperatures. www.reportsanddata.com

  3. Market Summary Key Players: 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. Segmentation: Product Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026) Pads Linings Discs Blocks Business Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026) Original Equipment Aftersales Others Get a Sample Copy of this Report before you purchase free of cost! @https://www.reportsanddata.com/sample-enquiry-form/1860 www.reportsanddata.com

  4. Market Summary Application Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026) Brakes Clutches Others End-User Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026) Automotive Railway Construction Others Regional Outlook for Animal Health Market analyses the following geographies: North America (United States, Canada, and Mexico) Europe (Germany, France, UK, Russia, and Italy) Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) South America (Brazil, Argentina, Colombia, etc.) Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa) Avail this report at Attractive Discount rates! Click here to know more @https://www.reportsanddata.com/discount-enquiry-form/1860 www.reportsanddata.com

  5. The report emphasizes the following key questions: Q.1.What are the most lucrative and promising growth prospects for the market? Q.2.Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement? Q.3.Which geographies are estimated to exhibit the highest growth and the underlying causes? Q.4.Which factors are impacting the future of the market and what are the driving factors? Q.5.What are the hurdles and challenges curtailing the industry’s growth in the forecast period? www.reportsanddata.com

  6. About Us Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Contact Us: John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com

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