In 2023, the import of asbestos friction material articles, except for brakes, to Canada stood at 12.943 million US dollars. From 2024, the forecast data indicate a steady growth rate with imports reaching 15.063 million US dollars by 2028. The year-on-year growth shows a consistent increase, starting at approximately 3.28% from 2024 to 2025, tapering slightly year by year. The compound annual growth rate (CAGR) over this forecast period is approximately 4.01%.

Future trends to watch for include:

Regulatory changes affecting asbestos imports, potentially driving shifts in demand.
Technological advancements that could lead to alternatives in friction materials.
Global economic factors influencing import costs and trade policies.