The global market value of friction products was approximately 19 billion U.S. dollars in 2018. Five years later, by 2023, this figure is forecast to increase to around 24 billion U.S. dollars. The two main types of friction materials are dry friction materials (such as non-asbestos organic, semi-metallic, low-metallic and asbestos friction materials), and wet-friction materials such as paper.
Market value of friction products and materials worldwide in 2018 and 2023
(in billion U.S. dollars)
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BCC Research. (September 1, 2018). Market value of friction products and materials worldwide in 2018 and 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1076946/global-market-size-friction-products-and-materials/
BCC Research. "Market value of friction products and materials worldwide in 2018 and 2023 (in billion U.S. dollars)." Chart. September 1, 2018. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1076946/global-market-size-friction-products-and-materials/
BCC Research. (2018). Market value of friction products and materials worldwide in 2018 and 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1076946/global-market-size-friction-products-and-materials/
BCC Research. "Market Value of Friction Products and Materials Worldwide in 2018 and 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 1 Sep 2018, https://www.statista.com/statistics/1076946/global-market-size-friction-products-and-materials/
BCC Research, Market value of friction products and materials worldwide in 2018 and 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1076946/global-market-size-friction-products-and-materials/ (last visited November 21, 2024)
Market value of friction products and materials worldwide in 2018 and 2023 (in billion U.S. dollars) [Graph], BCC Research, September 1, 2018. [Online]. Available: https://www.statista.com/statistics/1076946/global-market-size-friction-products-and-materials/
