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Polymer bearing Market

The global Polymer bearing Market is expected to foresee significant growth. Asia Pacific to lead the growth!

The Polymer bearing Market is expected to grow at a CAGR of around 4% from 2022-2028. 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.

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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, 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.

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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, and Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), 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.

Some of the major players operating in the market 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 Segmentation

Market Insight, by Material Type

• Phenolics
• Nylon
• Teflon
• Acetal
• UHMWPE (Ultra High Molecular Weight Polyethylene)
• Others

Market Insight, by End-User

  • Automobile
  • Medical & Pharmaceutical
  • Textile
  • Packaging
  • Others

Market Insight, by Region

  • North America
    • The United States
    •  Canada
    •  Rest of North America
  • Europe
  • Germany
  • The United Kingdom
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Rest of the World

Top Company Profiles

• KMS Bearings Inc.
• Saint-Gobain S.A.
• Kilian Manufacturing
• SKF
• BNL Ltd.
• Boston Gear LLC
• Oiles Corporation
• IGUS Inc.
• Dotmar Engineering Plastic Products
• Kashima Bearings

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