Market movement
In 2024, brake linings and pads: with a basis of mineral substances or cellulose (other than asbestos) trade exhibited slight decline, with global flows reaching $945,801,721 and a three-year compound annual growth rate of +3.3% (five-year: +2.1%). The all-time peak of $1,066,452,634 was recorded in 2014; the current level is 11% below that high-water mark.
Over the 30-year observation window (1995–2024), 62% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is strengthening (+4.5% acceleration).
