/Friction Products and Materials Market Size, Share and Trends Analysis by 2025 | by Product, Business & Application
Friction Products and Materials Market Size, Share and Trends Analysis by 2025 | by Product, Business & Application
tusharJuly 20, 2021
According to a new report published by Allied Market Research, titled,
“Friction products and materials market by Product Type, End-Use Industry, and Application: Global Opportunity Analysis and Industry Forecast, 2018 – 2025,” the friction products and materials market size accounted for $17,046 million in 2017, and is expected to reach $24,533 million by 2025, growing at a CAGR of 4.7% from 2018 to 2025.
Friction materials are utilized to induce friction in situations where slow movement is necessary. A friction material retrains the relative motion, when a solid object comes into contact with a diverging surface that opposes an object’s direction of movement. In other words, friction can be used anywhere. For e.g. simply slowing down or stopping an object to accelerating it to a certain speed.