Global Automotive OEM Brake Friction Material Market to Grow at a CAGR of 3.50% in the Forecast Period, Aided by the Rising Demand for Eco-Friendly Materials

The growing focus on health, safety, and environment is surging the demand for alternative and eco-friendly materials for automotive OEM brake friction products, hence bolstering the market growth. The development of new and innovative OEM brake friction materials that can perform under extreme braking conditions is expected to propel the market growth. With the increasing trend of sustainability, the demand for automotive OEM brake friction materials to reduce emissions is projected to surge. 

Moreover, the increasing preference for high-performance and lightweight materials owing to the growing demand for fuel-efficient vehicles is significantly contributing to the growth of the market. As the interest in the utilisation of ceramic materials is increasing owing to their friction coefficients, the market for automotive OEM brake friction is anticipated to witness a healthy growth in the forecast period.

Nisshinbo Holdings Inc. (OTCMKTS: NSHBY), one of the leading companies in the market, introduced “Strong Ceramic” friction material through its company, TMD Friction, in August 2020. The material matches the braking requirements of heavy SUVs and light commercial vehicles by providing excellent comfort characteristics while optimising wear characteristics. 

During its development, the material was rigorously tested to reduce wear on brake discs during downhill driving. The material, hence, ensures a strong brake performance and superior endurance, which makes it ideal for business fleets requiring cost-effectiveness. The material would substitute existing materials of the company to provide customers benefits of optimised friction materials for heavy SUV and light commercial vehicles applications. The development of such innovative materials for automotive OEM brake friction is propelling the market growth.

Market Analysis by Application Type, Brake Type, Material Type, Vehicle Type, and Region: 

• The market, on the basis of application type, can be divided into brake pads, brake shoes, and brake lining.

• Based on brake type, the industry can be divided into disc brake and drum brake.

• The major material types of automotive OEM brake friction material include organic, semi-metallic, and ceramic.

• By vehicle type, the market is classified into passenger cars and commercial vehicle.

• The regional markets for automotive OEM brake friction material include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report: 

• The growing production of vehicles, the rising adoption of lightweight materials for brake friction products, and the increasing sales of automobiles are bolstering the market growth.

• The market growth is being driven by the expansion of private and public transportation projects in emerging countries. 

• The development of environment-friendly materials for automotive OEM brake friction materials with enhanced mechanical properties and low heat dissipation is expected to propel the market growth in the coming years.

• The increasing use of advanced materials, such as ceramics to enhance brake pad efficiency and vehicle performance, is anticipated to provide impetus to the market growth in the forecast period.

Key Offerings of the Report: 

• The EMR report gives an overview of the global market for automotive OEM brake friction material for the periods (2017-2021) and (2022-2027).

• The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the application types, brake types, material types, vehicle types, and major regions of automotive OEM brake friction material.

• The market report also analyses the trade data by covering the major importing and exporting countries. 

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global automotive OEM brake friction material market are Robert Bosch LLC, Aisin Chemical Co., Ltd., BorgWarner Inc., Akebono Brake Industry Co., Ltd., Japan Brake Industrial Co., Ltd., and Nisshinbo Holdings Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.