Global Friction Products and Materials Market Driven by Innovations and Emerging Trends, Anticipates Remarkable Growth to $43.6 Billion by 2030

Dublin, Oct. 16, 2023 (GLOBE NEWSWIRE) -- The "Friction Products and Materials - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering. The global market for Friction Products and Materials, valued at US$28.4 billion in 2022, is on a trajectory of substantial expansion, projected to reach a remarkable size of US$43.6 billion by 2030. This impressive growth is expected to occur at a steady compound annual growth rate (CAGR) of 5.5% during the analysis period

Related Keywords

Australia ,China ,United States ,Yantai ,Shandong ,South Korea ,Friedrichshafen ,Baden Wüberg ,Germany ,Amiba ,Xizang ,Canada ,Japan ,Ukraine ,Dublin ,Ireland ,India ,Russia ,Aisin Seiki ,Youtube ,Mogul Holdings ,Co Ltd ,Pad Brake Technology ,Zf Friedrichshafen ,Nisshinbo Holdings ,Aerospace Applications ,Global Oil Prices Still Remains Higher Than ,Honeywell Corporation ,Itt Inc ,Strategic Business ,Friction Products ,Lining Segment ,China Forecasted ,Topics Covered ,Diverse Industry Verticals Drives Growth Momentum ,Global Friction Products ,First Time Since ,Russia Ukraine War ,Per Barrel ,Than Anticipated Decline Makes Inflation ,Stickier Than Expected Problem ,Global Inflation Rates ,Economy Faces ,Tough Climb Towards Recovery Made Rockier ,Persistent Challenges ,Slower Decline ,Underlying Core Inflation ,World Economic Growth Projections ,Key Competitors Percentage Market Share ,Market Presence ,Players Worldwide ,Materials Guidelines Hold Strict Stance ,Systems Line ,Innovative Friction ,Hybrid Friction Material Composites ,Evolving Powertrain ,Production Dynamics Influences Demand Patterns ,Light Vehicle Production ,Million Units ,New Friction Materials ,Evolving Vehicular ,Automotive Aftermarket ,Vehicle Fleet Drives Opportunities ,Several Governments Imposing ,Retirement Age ,Growing Age ,Benefit Demand ,Replacements Parts ,Average Age ,Light Trucks ,Light Vehicles ,Light Commercial Vehicles ,Electric Vehicles Drive Need ,Specialized Friction ,Electric Vehicles ,Annual Sales ,Thousand Units ,Autonomous Driving ,Down Environmental Impacts ,Materials Science ,Technology Continue ,Drive Improvements ,Aerospace Industry ,Spur Opportunities ,Route Expansion Signals ,Good Return ,Strong Business Case ,New Aircraft Orders ,New Aircraft Demanded ,New Air Route Expansion ,Railway Projects Present Growth Prospects ,Greater Friction Performance ,Train Brake ,Global Construction End Use Sector Lined ,Friction Materials ,Compound Annual Growth Rate ,Market Sentiment ,Impressive Growth ,Global Economy ,Global Market ,Market Sentiments ,Global Economic ,Market Size ,Akebono Brake Industry ,