Analysis on market prospect&present situation of automotive friction material industry

07/01/2021

Friction material is a kind of polymer ternary composite material, which is a complex of physics and chemistry.It is composed of high polymer binder (resin and rubber), reinforced fiber and friction performance regulator and other complexes, made through a series of production and processing.The friction material is characterized by good friction coefficient , wear resistance and certain heat resistance as well as mechanical strength, which can meet the performance requirements of vehicle or machinery transmission and braking.They are widely used in automobiles, trains, airplanes, oil RIGS and other kinds of construction machinery and equipment.

China now has more than 600 friction materials production enterprises. Automotive friction materials account for about 80% .Brake pads are the most important safety parts in the braking system of automobiles.Brake pads are generally made up of steel plates, adhesive insulation layers and friction blocks.In recent years, with the rapid development of China's automobile industry, the domestic AM market has expanded rapidly with the substantial increase of vehicle ownership.However, the domestic AM market is still in the development stage of primary automotive friction materials which is not fully mature, and the market concentration is low and the competition is fierce.

In the next five years, the average growth rate of China's vehicle production is expected to maintain more than 13%. The average growth rate of supporting market is more than 15%.The auto after-sale market will grow by about 10% on average.The export market will grow by more than 20% on average.So the average growth rate of the Chinese auto parts market demand will be more than 15%.This brings unprecedented opportunities to the development of brake pad industry.