Friction Products and Materials Market is expected to reach US$ 30.64 Bn. by 2029, at a CAGR of 5.1% during the forecast period.Friction Products and Materials Market Overview:
Friction acts as a speed retarder for any item that is in motion. The rising need to reduce or stop objects in motion for controlled performance has increased the demand for Friction products and materials. Friction Products and Materials are used to control and prevent the movement of objects. Different types of products like phenolic resins, metal sintered materials, carbon, and carbon-ceramic products are used to manufacture Friction Products and Materials. The process of friction generates when the need of limiting the motion of a moving object, machinery, or vehicle rises. Friction Products and Materials are required to slow down or stop machinery in industries and automobiles.To know about the Research Methodology :- Request Free Sample Report Friction Products and Materials are used in manufacturing brake pads, clutch system, and operating systems that are used in the assembly lines and automobiles. Increased concerns over the safety of people operating industrial machinery and automobiles have resulted in increased demand for Friction Products and Materials. Rising population, an increase in expendable income, and a growing preference for safe to use automobiles have resulted in a boom in the Global Friction Products and Materials Market.
Friction Products and Materials Market Dynamics:
An increase in the per capita income of people living in developing nations has resulted in a rise in expenditure on products that provide comfort to their life. Automobile, in low and middle-income countries, is looked upon as a need and status symbol. This has resulted in increased demand for Automobiles by a large population present across the globe. Increased demand for safety tools in automobiles has resulted in a rise in demand for Friction Products and Materials. Globalization has resulted in increased demand for commercial and passenger locomotives. An increase in deaths due to road accidents has resulted in increased concerns over the safety of individuals operating vehicles. This has resulted in increased demand for efficient Friction Products and Materials by the consumers. An increase in road safety initiatives by different governments has propelled the demand for Friction Products and Materials. A report by S. Venkatesh published by Materials today state that the selection of Brake friction material by the automobile industry is based more on traditional and trial and error approach. This report clarifies that there is a wide opportunity for Friction Products and Materials manufacturers as a large number of automobiles and its ancillary industry prefer trials for new products. In July 2017, TMD Friction launched a new product under its brand Textar. This new product, a premium brake pad with the feature of dampening shim prevents direct contact between backing plates and brake pistons reducing the vibration transfer. This product provides noise reduction that generates after applying the braking system. In April 2017, Federal-Mogul launched a new product for German vehicles that are used in the USA. This product has proven compatible with German vehicles and has provided excellent friction resistance. Increased demand for automobiles acts as the major driving factor for the growth of the Global Friction Products and Materials Market.Restraints:
Increased demand for high-end machinery in premium products has restricted the growth of Friction Products and Materials in the luxury automobile segment.Friction Products and Materials Market Segment Analysis:
The Global Friction Products and Materials Market is segmented on the basis of By Product, It is observed that more than 40% of the products available in the market under the category of Friction Products and Materials consist of Lining, Discs, and Blocks. Pads that are used in manufacturing brake assembly have observed a growth of 3.1% from the Automotive Industry. By Application, It is observed that Brakes are the most consumed product that comes under the segment of Friction Products and Materials and has observed a 2.6% increase in demand. Brakes used in automobiles generate more than 20% of the revenue earned by the Global Friction Products and Materials market. Industrial Brakes have observed a rise of 1.6% in demand from the Global Industrial sector. Different products like Clutches and Transmission Systems used in manufacturing automobiles and industrial equipment have observed a 1.3% increase in demand. Different products that require speed retarders use Friction Products and Materials as per need. By End User, It is observed that the Automobile industry accounts for more than 40% of the consumption and 45% of the revenue generated by the Global Friction Products and Materials Market. Increased demand for Friction Products and Materials for manufacturing government-owned vehicles has resulted in a 2.7% increase in demand for Friction Products and Materials by the government-owned automobile sector. An increase in demand for vehicles by people on a large scale has resulted in a 3.8% increase in demand for Friction Products and Materials by the Global Automotive industry. The rising demand for industrial tools related to assembly lines has resulted in a 2.6% increase in demand for Friction Products and Materials by the industrial sector. Increased preference for cost-efficient tools for manufacturing machinery related to the railway has resulted in a 2.1% increase in demand for Friction Products and Materials by the Railway industry. The rising need for friction-preventing equipment for domestic use has resulted in a 1.6% increase in demand for Friction Products and Materials by the Construction sector. A rise in the need for speed retarders has resulted in a 2.3% increase in demand for Friction Products and Materials by the industries manufacturing Aerospace and Marine carriers. Different industries dealing in the production of goods use Friction Products and Materials as per need.Friction Products and Materials Market Regional Insights
The ever-rising population and increased demand for vehicles have resulted in a 3.3% increase in demand for Friction Products and Materials in the Asia-Pacific. An increase in the number of transportation initiatives by local governments present in this region has resulted in a 1.6% increase in demand for Friction Products and Materials by the public sector present in this region. The rise in the number of industries present in this region has resulted in a 1.8% increase in demand for Friction Products and Materials by the manufacturing sector. The preference for automobiles by people on a large scale has resulted in a 2.8% increase in demand for Friction Products and Materials in North America. The presence of aviation and marine industries on a large scale has resulted in a 3.1% increase in demand for Friction Products and Materials by the industrial sector present in this region. The presence of a large automobile industry has resulted in a 2.5% increase in demand for Friction Products and Materials in Europe. A rise in the consumption of domestic and industrial goods has resulted in a 1.5% increase in demand for Friction Products and Materials by the manufacturing sector present in this region. South America is showing a growth rate of 2.1%, the reason for which is the rising per capita income and increased purchase of automobiles by people living in this region. The Middle East and Africa’s Market is showing a growth rate of 1.6%, the reason for which is the rising standard of living of people in this region. The objective of the report is to present a comprehensive analysis of the global Friction Products and Materials market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Friction Products and Materials market dynamics, structure by analyzing the market segments and Project the global Friction Products and Materials market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Friction Products and Materials market make the report investor’s guide.Friction Products and Materials Market Scope: Inquire before buying
Friction Products and Materials Market Base Year 2021 Forecast Period 2022-2029 Historical Data CAGR Market Size in 2021 Market Size in 2029 2017 to 2021 5.1% US$ 20.58 Bn US$ 30.64 Bn Segments Covered by Product • Pads • Linings • Discs • Blocks • Others by Application • Brakes • Clutches • Industrial Brakes • Transmission System • Others by End User • Automotive Industry • Railway Industry • Construction Sector • Aerospace Industry • Marine Industry • Manufacturing Sector • Others Regions Covered North America • United States • Canada • Mexico Europe • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest of Europe Asia Pacific • China • S Korea • Japan • India • Australia • Indonesia • Malaysia • Vietnam • Taiwan • Bangladesh • Pakistan • Rest of APAC Middle East and Africa • South Africa • GCC • Egypt • Nigeria • Rest of ME&A South America • Brazil • Argentina • Rest of South America Friction Products and Materials Market Key Players
• Nisshinbo Holdings Inc. • Akebono Brake Industry • Federal-Mogul Holdings • MIBA AG • Carlisle Brake & Friction • ABS Friction Corp. • European Friction Industries Ltd. • Fras-le • MPINGER GmbH • ESCOM SRL • Hindustan Composites Ltd. • GMP Friction Products • Japan Brake Industrial Co., Ltd. • Tokai Carbon Co., Ltd. • Aisin Chemical Co., Ltd. Frequently Asked Questions: 1. Which region has the largest share in Global Friction Products and Materials Market? Ans: Asia-Pacific region held the highest share in 2021. 2. What is the growth rate of Global Friction Products and Materials Market? Ans: The Global Friction Products and Materials Market is growing at a CAGR of 5.1% during forecasting period 2022-2029. 3. What is scope of the Global Friction Products and Materials Market report? Ans: Global Friction Products and Materials Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Friction Products and Materials Market? Ans: The important key players in the Global Friction Products and Materials Market are – Nisshinbo Holdings Inc., Akebono Brake Industry, Federal-Mogul Holdings, MIBA AG, Carlisle Brake & Friction, ABS Friction Corp., European Friction Industries Ltd., Fras-le, MPINGER GmbH, ESCOM SRL, Hindustan Composites Ltd., GMP Friction Products, Japan Brake Industrial Co., Ltd., Tokai Carbon Co., Ltd., Aisin Chemical Co., and Ltd. 5. What is the study period of this Market? Ans: The Global Friction Products and Materials Market is studied from 2021 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Friction Products and Materials Market Size, by Market Value (US$ Bn.) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2021 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Friction Products and Materials Market 3.4. Geographical Snapshot of the Friction Products and Materials Market, By Manufacturer share 4. Global Friction Products and Materials Market Overview, 2021-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Friction Products and Materials Market 5. Supply Side and Demand Side Indicators 6. Global Friction Products and Materials Market Analysis and Forecast, 2021-2029 6.1. Global Friction Products and Materials Market Size & Y-o-Y Growth Analysis. 7. Global Friction Products and Materials Market Analysis and Forecasts, 2021-2029 7.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 7.1.1. Pads 7.1.2. Linings 7.1.3. Discs 7.1.4. Blocks 7.1.5. Others 7.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 7.2.1. Brakes 7.2.2. Clutches 7.2.3. Industrial Brakes 7.2.4. Transmission System 7.2.5. Others 7.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 7.3.1. Automotive Industry 7.3.2. Railway Industry 7.3.3. Construction Sector 7.3.4. Aerospace Industry 7.3.5. Marine Industry 7.3.6. Manufacturing Sector 7.3.7. Others 8. Global Friction Products and Materials Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2021-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Friction Products and Materials Market Analysis and Forecasts, 2021-2029 9.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 9.1.1. Pads 9.1.2. Linings 9.1.3. Discs 9.1.4. Blocks 9.1.5. Others 9.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 9.2.1. Brakes 9.2.2. Clutches 9.2.3. Industrial Brakes 9.2.4. Transmission System 9.2.5. Others 9.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 9.3.1. Automotive Industry 9.3.2. Railway Industry 9.3.3. Construction sector 9.3.4. Aerospace Industry 9.3.5. Marine Industry 9.3.6. Manufacturing Sector 9.3.7. Others 10. North America Friction Products and Materials Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Friction Products and Materials Market Analysis and Forecasts, 2021-2029 11.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 11.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 11.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 12. Canada Friction Products and Materials Market Analysis and Forecasts, 2021-2029 12.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 12.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 12.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 13. Mexico Friction Products and Materials Market Analysis and Forecasts, 2021-2029 13.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 13.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 13.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 14. Europe Friction Products and Materials Market Analysis and Forecasts, 2021-2029 14.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 14.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 14.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 15. Europe Friction Products and Materials Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Friction Products and Materials Market Analysis and Forecasts, 2021-2029 16.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 16.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 16.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 17. France Friction Products and Materials Market Analysis and Forecasts, 2021-2029 17.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 17.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 17.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 18. Germany Friction Products and Materials Market Analysis and Forecasts, 2021-2029 18.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 18.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 18.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 19. Italy Friction Products and Materials Market Analysis and Forecasts, 2021-2029 19.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 19.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 19.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 20. Spain Friction Products and Materials Market Analysis and Forecasts, 2021-2029 20.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 20.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 20.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 21. Sweden Friction Products and Materials Market Analysis and Forecasts, 2021-2029 21.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 21.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 21.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 22. CIS Countries Friction Products and Materials Market Analysis and Forecasts, 2021-2029 22.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 22.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 22.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 23. Rest of Europe Friction Products and Materials Market Analysis and Forecasts, 2021-2029 23.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 23.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 23.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 24. Asia Pacific Friction Products and Materials Market Analysis and Forecasts, 2021-2029 24.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 24.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 24.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 25. Asia Pacific Friction Products and Materials Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Friction Products and Materials Market Analysis and Forecasts, 2021-2029 26.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 26.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 26.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 27. India Friction Products and Materials Market Analysis and Forecasts, 2021-2029 27.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 27.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 27.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 28. Japan Friction Products and Materials Market Analysis and Forecasts, 2021-2029 28.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 28.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 28.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 29. South Korea Friction Products and Materials Market Analysis and Forecasts, 2021-2029 29.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 29.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 29.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 30. Australia Friction Products and Materials Market Analysis and Forecasts, 2021-2029 30.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 30.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 30.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 31. ASEAN Friction Products and Materials Market Analysis and Forecasts, 2021-2029 31.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 31.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 31.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 32. Rest of Asia Pacific Friction Products and Materials Market Analysis and Forecasts, 2021-2029 32.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 32.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 32.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 33. Middle East Africa Friction Products and Materials Market Analysis and Forecasts, 2021-2029 33.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 33.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 33.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 34. Middle East Africa Friction Products and Materials Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Friction Products and Materials Market Analysis and Forecasts, 2021-2029 35.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 35.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 35.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 36. GCC Countries Friction Products and Materials Market Analysis and Forecasts, 2021-2029 36.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 36.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 36.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 37. Egypt Friction Products and Materials Market Analysis and Forecasts, 2021-2029 37.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 37.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 37.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 38. Nigeria Friction Products and Materials Market Analysis and Forecasts, 2021-2029 38.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 38.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 38.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 39. Rest of ME&A Friction Products and Materials Market Analysis and Forecasts, 2021-2029 39.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 39.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 39.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 40. South America Friction Products and Materials Market Analysis and Forecasts, 2021-2029 40.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 40.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 40.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 41. South America Friction Products and Materials Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Friction Products and Materials Market Analysis and Forecasts, 2021-2029 42.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 42.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 42.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 43. Argentina Friction Products and Materials Market Analysis and Forecasts, 2021-2029 43.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 43.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 43.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 44. Rest of South America Friction Products and Materials Market Analysis and Forecasts, 2021-2029 44.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 44.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 44.3. Market Size (Value) Estimates & Forecast By End User, 2021-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Friction Products and Materials Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Nisshinbo Holdings Inc. 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Akebono Brake Industry 45.3.3. Federal-Mogul Holdings 45.3.4. MIBA AG 45.3.5. Carlisle Brake & Friction 45.3.6. ABS Friction Corp. 45.3.7. European Friction Industries Ltd. 45.3.8. Fras-le 45.3.9. MPINGER GmbH 45.3.10. ESCOM SRL 45.3.11. Hindustan Composites Ltd. 45.3.12. GMP Friction Products 45.3.13. Japan Brake Industrial Co., Ltd. 45.3.14. Tokai Carbon Co., Ltd. 45.3.15. Aisin Chemical Co., Ltd. 46. Primary Key Insights