The Automotive Brake Pad Market is anticipated to increase from US$ 2,580.57 million in 2021 to US$ 3,342.58 million by 2028, according to our most recent market study, "Automotive Brake Pad Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Material Type, Vehicle Type, and Geography." From 2020 to 2028, it is anticipated to expand at a CAGR of 3.8%.

To keep passengers safe, it's crucial to use automotive brake pads. As a result, brake pad materials need to be extremely precise and long-lasting. A well-balanced design is required to obtain the best thermal, vibration, and weight balance and lower the weight of the disc rotor. Asbestos was the best and most popular brake lining material in the previous ten years. However, it has been firmly prohibited by nature and environmental agencies. As a result, the non-asbestos organic brake pad type was introduced and is currently the most popular. Brake pads made of organic materials other than asbestos, however, wear out quickly and produce a lot of wear debris. So it is typically preferable to combine a semi-metallic formulation for high performance with a non-asbestos organic (NAO) substance for less noise and smoother braking.

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Additionally, the current global increase in the sales of SUVs and trucks has generated an unprecedented need for composite spring leaves to enhance the performance of cars. For instance, SUV sales in China increased 27% year over year. Furthermore, a number of the industry's top firms are concentrating on the R&D of composite leaf springs, mainly for heavy-duty vehicles. For instance, Kordsa created robust composite leaf spring materials that are fuel-efficient and reduce carbon emissions. However, due to steel leaf springs' cheaper production costs and simpler manufacturing processes, its penetration in the worldwide car industry is rather minimal.

The automotive brake pad market is divided into commercial vehicles and passenger vehicles based on the type of vehicle. The automotive brake pad market for passenger cars held the biggest market share in 2020. The advantages and disadvantages of the raw material used to make brake pads depend on the type of vehicle being manufactured, the driving style, as well as the needs and performance capabilities. For instance, because they are more affordable and produce less noise, compact automobiles are the greatest candidates for organic brake pads. While a sports car demands a powerful braking system, which might be handled by employing semi-metallic or high-performance ceramic brake pads, a medium-sized automobile requires additional power to stop the car, making low metallic NAO acceptable.

Based on the type of material used, the type of vehicle, and the geographic region, the automotive brake pad market is examined. The metallic brake pad, semi-metallic brake pad, ceramic brake pad, asbestos brake pad, and non-asbestos organic brake pad categories are subdivided into the worldwide automobile brake pad market based on material type. The automobile brake pad market was dominated in 2020 by the non-asbestos organic brake pad segment. Additionally, during the time of forecasting, the semi-metallic brake pad category in the automotive brake pad market is anticipated to expand more quickly.

Top automakers in Europe include Volkswagen Group, BMW AG, KODA AUTO, Audi AG, and Porsche AG. The demand for passenger automobiles, luxury cars, and commercial vehicles is being fueled by the economic expansion of various European nations, which is pressuring brake pad producers to boost their output over time. The market for automotive brake pads is expanding globally as a result of several causes.

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