The Polymer Bearing Market unveils a succinct analysis of the market size, regional spectrum and revenue forecast about the Polymer Bearing market. Furthermore, the report points out major challenges and latest growth plans embraced by key manufacturers that constitute the competitive spectrum of this business domain.
Global Polymer Bearing Market is valued at USD 8.99 Billion in 2018 and expected to reach USD 12.42 Billion by 2025 with the CAGR of 4.72% over the forecast period.
Its rising demand for products in the industrial applications such as medical & pharmaceutical, textile, automobile, and food processing sectors is one of the major factors driving the growth of Global Polymer Bearing Market.
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Polymer bearing is a design module used in a machine or tiny mechanism to transmit rotational motion when a minimum of one of two rubbing components is made of polymer. Plastic Polymer bearings fall into the category of self-lubricated sliding bearings, with additional benefits of generating less metallic debris after wear, low in weight, high resistance to corrosion and high chemical resistance. Polymer bearings are majorly used in the industrial applications for the manufacturing of center armrests, stub axles, belt tensioners, seating systems, gear actuators, steering systems, and pedal systems. The phenolic bearings possess phenomenal properties of excellent strength and resistance to shock, alkali solutions, acid, wax, and water. It offers the right amount of clearance and cooling in heavily loaded systems. For example; The excellent low friction and high wear resistance performance of GGB metal-polymer bearings make them ideal for hundreds of applications in numerous and diverse industries around the world. This property of polymer bearings combined with solid lubricants can yield a product that is much less likely to damage moving components.
Global Polymer Bearing Market is segmented on the basis of type, application and region & country level. Based upon type, polymer bearing market is classified into phenolic, nylon, Teflon, acetal, uhmwpe (Ultra High molecular weight polyethylene) and others. Based upon application, polymer bearing market is classified into automobile, textile, medical and pharmaceutical, packaging, office products and others.
The regions covered in this Global Polymer Bearing market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level market of polymer bearing is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Polymer Bearing Manufacturing Company
Global Polymer Bearing market Report covers prominent players are like,
- Boston Gear
- Dotmar Engineering Plastic
- Kashima Bearings
- Kms Bearings
- Kilian Manufacturing
Its Rising Demand for Products in the Industrial Applications such as Medical & Pharmaceutical, Textile, Automobile, and Food Processing Sectors is one of the Major Factors Driving the Market Growth.
Its rising demand for product from the industrial applications such as medical & pharmaceutical, textile, automobile, and food processing sectors is the key factor expected to drive the growth of polymer bearing market. The automotive industry is the second most important consuming sector of polymers after construction. According to Gulf Petrochemicals and Chemicals Association, Currently, there are about 30,000 parts in a vehicle, out of which 1/3 is made of plastic. In total, about 39 different types of basic plastics and polymers are used to make an automobile. However, more than 70% of the plastic used in automobiles comes from four polymers like polypropylene, polyurethane, polyamides and PVC. Plastic has become one of the key materials required for the structure, performance and safety of automobiles in recent years, with growth in plastic consumption being driven by light weighting trends for fuel efficiency and consequently lower greenhouse gas emissions. Also, multiple biological, synthetic and hybrid polymers are used for multiple medical applications. For example; in order to comply with the strict requirements for food hygiene and food safety in all stages of a process, igus company supplies with plastic solutions for food-processing machines and equipment. However, strict government regulations may hamper the further expansion of polymer bearings in the food packaging and processing industries. In spite of that, technological advancement in the manufacturing processes, increasing awareness for its uses and demand for polymer bearings can provide various opportunities for the further growth of this market.
Asia Pacific is Expected to Dominate the Global Polymer Bearing Market
Asia Pacific is expected to dominate the global polymer bearing market owing to the higher demand from the major sectors such as automobile, pharmaceutical, chemicals and others in this region. Developing regions such as China and India are expected to contributing significantly to the growth of the market. China is the major consumer of polymer bearing. The Automotive Component Manufacturers Association of India (ACMA) is the apex body representing the interest of the Indian Auto Component Industry. Bearings are basic components in a variety of machinery and motors. Consequently, the polymer bearing manufacturing industry is one of the most rapidly growing segments of China’s manufacturing sector.
North America is second largest region in polymer bearing market due to rising demand from automobile industries, especially in vehicle manufacturing in order to reduce weight, noise and to avoid corrosion. The American chemistry council data indicate that the average weight of North American light vehicles rose in 2018. In 2018, the 16.81 million light vehicles assembled in the United States, Canada and Mexico required some 5.8 billion pounds of plastics and polymer composites valued at USD 7.7 billion, or USD 458 in every vehicle.
Key Benefits for Global Polymer Bearing Market Report–
Global market report covers in depth historical and forecast analysis.
Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global market report helps to identify opportunities in market place.
Global market report covers extensive analysis of emerging trends and competitive landscape.
Polymer Bearing Market Segmentation:–
By Type:Phenolic, Nylon, Teflon, Acetal, UHMWPE (Ultra High Molecular Weight Polyethylene), Others
By Applications:Automobile, Textile, Medical and Pharmaceutical, Packaging, Office Products, Others
Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
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Table of Content
Chapter 1 Global Polymer Bearing Market: Summary and Quantitative Analysis
1.1 Report Description
1.2 Global Polymer Bearing Market Revenue Overview
1.3 Global Polymer Bearing Market Revenue (USD Billion) and Growth (%) Rate, 2015- 2025
Chapter 2 Global Polymer Bearing Market: Overview and Qualitative Analysis
2.1 Executive Summary
2.2 Market Drivers
2.3 Market Restraints
2.4 Market Opportunities
2.5 Market Trends
2.6 Global Polymer Bearing Market: SWOT Analysis
2.7 Global Polymer Bearing Market: PEST Analysis
2.7 Global Polymer Bearing Market: Porter’s Five Forces Analysis
2.8 Global Polymer Bearing Market: Attractiveness Analysis
2.8.1 Global Polymer Bearing Market: Attractiveness Analysis by Type
2.8.2 Global Polymer Bearing Market: Attractiveness Analysis by Grade
2.8.3 Global Polymer Bearing Market: Attractiveness Analysis by Regional
Chapter 3 Competitive Analysis
3.1 Global Polymer Bearing Market
3.1.1 Global Polymer Bearing market Revenue (USD Billion), By Players 2018
3.1.2 Global Polymer Bearing Market Revenue Share (%), By Players 2018
Chapter 5 Global Polymer Bearing Market: By Product Type
5.1 Global Polymer Bearing Market Share (%), By Product Type, 2018
5.2 Global Polymer Bearing Market Revenue (USD Billion), By Product Type, 2015 – 2025
5.3 Global Polymer Bearing Market Revenue (USD Billion), By Retro,2015-2025
5.4 Global Polymer Bearing Market Revenue (USD Billion), 2015-2025
5.4 Global Polymer Bearing Market Revenue (USD Billion), 2015-2025
5.5 Global Polymer Bearing Market Revenue Share (%), By Product Type, 2015 – 2025
5.6 Global Polymer Bearing Market Revenue Market Share (%), By Product Type, 2015-2025
Chapter 6 Global Polymer Bearing Market: By Product Type
6.1 Global Polymer Bearing Market Share (%), By Product Type, 2018
6.2 Global Polymer Bearing Market Revenue (USD Billion), By Type, 2015 – 2025
Chapter 7 North America Polymer Bearing Market Analysis
7.1 North America Market Snapshot
7.1.1 North America Polymer Bearing Market Revenue and Growth Rate (%), 2015-2025.
7.1.2 North America Polymer Bearing Market Revenue (USD Billion) Overview, by Country, 2015 – 2025
7.1.3 North America Polymer Bearing Market Revenue (USD Billion) and Growth Rate (%), 2015 – 2025.
7.1.5 North America Polymer Bearing Revenue (USD Billion) Overview, By Product Type, 2015-2025
7.1.6 North America Polymer Bearing Revenue (USD Billion) Overview, By Product Type , 2015-2025
Chapter 8 Europe Polymer Bearing Market Analysis
8.1 Europe Market Snapshot
8.1.1 Europe Polymer Bearing Market Revenue and Growth Rate (%), 2015-2025.
8.1.2 Europe Polymer Bearing Market Revenue (USD Billion) Overview, by Country, 2015 – 2025
8.1.3 Europe Polymer Bearing Market Revenue (USD Billion) and Growth Rate (%), 2015 – 2025.
8.1.5 Europe Polymer Bearing Revenue (USD Billion) Overview, By Product Type, 2015-2025
8.1.6 Europe Polymer Bearing Revenue (USD Billion) Overview, By Type, 2015-2025
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