Polymer Bearing Market size was valued at US$ 9.92Bn. in 2021 and the total revenue is expected to grow at 4.40% through 2022 to 2027, reaching nearly US$ 13.41 Bn. by 2027.
Polymer Bearing Market Overview
Polymer bearings are attractive because they can withstand harsh environments that can damage normal bearings. Polymeric materials are 80% lighter than steel. As a result, bearings made from polymers require less energy to move and are less likely to lose strength due to collisions. Polymer bearings, compared to metal bearings, are better alternatives for economic growth and are 70 to 80% lighter compared to other metals and thus are commonly used in the automotive industry. Polymer bearings have made a name for themselves in the competitive carrier market by offering a few advantages. As a result, areas that did not represent steel- and phosphorus-bronze-bronze are increasingly filled with polymers such as PTFE, PEEK, POM, and Nylon.
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Polymer Bearing Market Scope
A comprehensive research report on the global Polymer Bearing market is a focused research compilation of all factors that are considered critically for business growth. It includes all key factors such as valuable insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodologies. The report also helps in understanding dynamics and structure by analyzing the market segments and estimating the global Polymer Bearing market size. The report provides a clear representation of the competitive analysis of market players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Polymer Bearing market. The report provides a quantitative analysis of the current market and estimations through the forecast years that assist in identifying the prevailing market opportunities. The study uses research tools such as SWOT analysis and Porter’s Five Forces for the Polymer Bearing market.
Segmentation:
Cotton fabric or other fillers combined with phenolic resin are examples of phenolic compounds. These substances are perfect for usage in automobiles since they easily absorb into different liquids. Phenolic bearings are renowned for substituting steel bearings in propeller bearings, rubber-shaft on ships, electric switch-gear, rolling-mill, and water-turbine bearings due to their great strength and low weight. Phenolic laminates serve as transporters and structural elements in tiny tools and clock mechanisms. Phenolic bearings last a long time, are resistant to water, acid, and alkaline solutions as well as shock, and perform well in fully loaded systems with sufficient cooling and clearance.
Key Players: The following are the key players of the Polymer Bearing Market-
SKF (Sweden)n
Igus (Germany)
Synnovia (UK)
Altra Industrial Motion Corp (US)
Dotmar Engineering Plastics (Australia)
Saint-Gobain (France)
OILES CORPORATION (Japan)
Kashima Bearings, Inc. (Japan)
KMS Bearings, Inc. (US)
TOK, inc. (Japan)
Xinzhou Bearing Industrial Inc. (China)
Waukesha Bearings (US)
ISB Industries (Italy)
BNL Ltd (UK)
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Regional Analysis:
Analysts at SMR evaluate competitive strengths and conduct competitive analyses for each competitor individually. Global, North America, Europe, Asia-Pacific, Middle East and Africa, and South American market share statistics have been provided individually.
Key Questions Answered in the Polymer Bearing Market Report are:
- What is the current market status of the Polymer Bearing industry?
- What are the key investment pockets in the Polymer Bearing market with respect to product segments and geographies currently and during the projected period?
- Who are the global key players in the Polymer Bearing market?
- Which region holds the maximum share in the global Polymer Bearing market?
- Which segment accounts for the fastest CAGR in the Polymer Bearing market during the forecast years?
- What are the key drivers of the Polymer Bearing market?
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