Polymer Bearing Market - Industry Size, Share, Growth & Forecast 2028 | UnivDatos

 

Polymer bearing is a design module used in a machine or miniature mechanism to transmit rotational motion when a minimum of one of two rubbing components is made of polymer. Factors such as increasing demand from the automobile industry are expected to boost the global polymer bearings market due to the various attributes of these bearings, such as their lubricant-free nature, high corrosion resistance, and fatigue resistance. In addition, the advancements in 3D printing technology are expected to create growth opportunities in the global polymer-bearing market. However, government regulation policies in the food and packaging industry can be a restraining factor hindering the growth of the polymer bearings market.

The Polymer Bearing Market is expected to grow at a steady rate of around 4% in the forecasted period. As polymer bearings have several advantages over metallic or other types of bearings, such as resistance to acid, alkali, grease, wax, and solvents, corrosion resistance, their nonconductive nature, and self-lubrication, among others. Owing to these advantages, polymer bearings help reduce maintenance costs in machinery.

Unlock The Table of Content, And Request a Sample Report - https://univdatos.com/get-a-free-sample-form-php/?product_id=28029

According to UnivDatos Market Insights (UMI)’ research report “Global Polymer Bearing Market”, the market is expected to witness robust growth during the forecast period (2021-2028).

Based on the material type, the polymer bearing market is classified into Phenolics, Nylon, Teflon, Acetal, UHMWPE (Ultra High Molecular Weight Polyethylene), and Others. The phenolics segment caters substantial share of the market. As it exhibits properties such as excellent strength and shock resistance, coupled with resistance to water, acid, and alkali solutions. Phenolic polymeric materials act as self-lubricating materials and replace metal bearings in various applications.

Based on end-user, the polymer-bearing market is segmented into Automobile, Medical & Pharmaceutical, Textile, Packaging, Elevator, Food, Chemical, and Others. The automobile segment caters considerable share of the market. In the automobile industry, polymer bearings are used to make belt tensioners, center armrests, pedal systems, gear actuators, steering systems, stub axels, and seating systems. According to OICA, in 2018 the production of light commercial vehicles and heavy trucks increased by 5.9% and 3.5% from 2017. In addition, according to International Energy Agency, in 2018, 3.29 million electric vehicles were deployed globally and the number will increase up to 125 million by 2030. This will further support market growth.

Unlock The Table of Content, And Request a Sample Report - https://univdatos.com/get-a-free-sample-form-php/?product_id=28029

Asia Pacific to witness extensive growth

For a better understanding of the market adoption of the polymer bearing industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. Asia Pacific is anticipated to grow at a substantial CAGR during the forecast period. This is mainly attributed to the owing to the rise in demand for polymer bearings from varied end-use industries such as automobile, textile, food processing, medical & pharmaceutical, packaging, and chemical in this region. The Asia-Pacific polymer bearings market has been witnessing consistent growth due to the increasing demand for polymer bearings in the food and beverage, delivery & logistics industries.

For More Informative Information, Please Visit Us – https://univdatos.com/report/polymer-bearing-market/

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Polymer Bearing market are KMS Bearings Inc., Saint-Gobain S.A., Kilian Manufacturing, SKF, BNL Ltd., Boston Gear LLC, Oiles Corporation, IGUS Inc., Dotmar Engineering Plastic Products, and Kashima Bearings.

“Global Polymer Bearing Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.        

Market Segmentation:

1.      By Material Type (phenolics, nylon, teflon, acetal, uhmwpe (ultra-high molecular weight polyethylene), and others)

2.      By End-User (Automobile, Medical & Pharmaceutical, Textile, Packaging, Elevator, Food, Chemical, and Others)

3.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

4.      By Company (KMS Bearings Inc., Saint-Gobain S.A., Kilian Manufacturing, SKF, BNL Ltd., Boston Gear LLC, Oiles Corporation, IGUS Inc., Dotmar Engineering Plastic Products, and Kashima Bearings)

Key questions answered in the study:

1.      What are the current and future trends of the global Polymer Bearing industry?

2.      How the industry has been evolving in terms of the type of material and end-user?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the global polymer bearing industry?

5.      What is the customer orientation, purchase behavior, and expectations from the global outage management system’ suppliers across various region and countries?