- The key vendors in The Global Friction Products Market are Brembo SpA, Federal Mogul Corp., ITT Corp. and Nisshinbo Brake Inc.
London, 06 August 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Friction Products Market 2014-2018. The phasing out of copper from friction products is one the major trends in the market. Copper is extensively used in friction products and is extremely dangerous when released into the environment. Hence, various countries have framed rules for phasing out copper from friction products.
Friction products are used to stop or control the motion of a solid object by applying force on it. Friction products are widely used in the Automotive, Industrial, and Aerospace sectors to stop the motion of wheels. Brake pads and brake linings are some of the wearable friction products in braking systems that are widely used to stop moving objects.
“The Global Friction Products market is experiencing huge demand for disc pads across various end-user segments, especially the automotive sector,” says Faisal Ghaus, Vice President of TechNavio Research.
“The market generates a large amount of its revenue through sales of disc pads to end-users. Therefore, the increasing adoption of disc pads enhances the growth potential of the Global Friction Products market during the forecast period.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
