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Polymer Bearing Market: Global Forecast until 2026

  • November 2016
  • 159 pages
  • ID: 4364965
In this report:
The average spending as a percentage of GDP is expected to decline from ##.##% in 2015 to ##.##% in 2019.
The Asia-Pacific polymer bearing market for medical & pharmaceutical end-use industry is projected to grow from USD ##.## million in 2016 to USD ##.## by 2021, at a CAGR of ##.##% during the forecast period.

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"The overall polymer bearing market is estimated to rise at a compound annual growth rate of 4.40 percent from 2016 to 2026"

The overall polymer bearing market is estimated to grow ~$12.9B by 2026, at a compound annual growth rate (CAGR) of 4.40 percent between 2016 and 2026. Rise in demand for polymer bearings from the automotive market is propelling the increase of this market. Polymer bearings are being widely used in the automotive sector, according to their properties including lightweight, high corrosion & chemical resistant, high wear & fatigue resistant, and lubricant-free. One of the main restraints inhibiting the increase of the overall polymer bearing market contain stringent government rules & regulations associated to the use of polymer bearings in the food processing and packaging markets.

"Phenolics is the biggest material type segment of the overall polymer bearing market"

The phenolics material type segment helped the most important share to the overall polymer bearing market in 2015; this industry segment is anticipated to grow at the highest CAGR (Compound annual growth rate) from 2016 to 2026. This rise is essentially attributed to the growing demand for phenolic bearings from varied end-use industries including automobile, medical & pharmaceutical, textile, and food processing. Additionally, the unique properties of phenolic bearings that contain excellent strength and shock resistance, along resistance to water, acid, and alkali solutions, are anticipated to propel the industry demand for phenolic bearings.

"The automobile segment is the quickest-increasing end-use industry segment of the overall polymer bearing market"

The automobile end-use industry segment recorded for the biggest share of the overall polymer bearing market in 2015; this industry segment is expected to grow at the highest compound annual growth rate (CAGR) from 2016 to 2026. This increase is essentially attributed to the growing demand for polymer bearings in the automobile industry. Polymer bearings are used in the automobile industry for manufacturing variable intake systems, center armrests, belt tensioners, stub axels, gear actuators, convertible top systems, pedal systems, seating systems, steering systems, throttle valves, and door hinges, among others.

"The APAC region led the overall polymer bearing market in 2015"

The Asia-Pac area led the overall polymer bearing market in 2015, due to the increase in demand for polymer bearings from varied end-use industries including automobile, textile, food processing, medical & pharmaceutical, packaging, and chemical. China (CN), India (IN), and Japan (JP) are leading countries in terms of production and consumption of polymer bearings in the Asia-Pac region. Furthermore, the easy availability of raw materials and labor is further anticipated to drive the rise of the polymer bearing market in the Asia Pacific (APAC) area.

Profile break-up of primary participants for the analysis:

- By Company category - Tier 1 - 57 %, Tier 2 - 29.0 percent, and Tier 3 - 14.0 percent

- By Designation - C Level - 55.0 percent, D Level - 36.0 percent, and Others - 9.0 percent

- By area - North america (NA) - 57.0 percent, Europe - 14.0 percent, Asia-Pacific - 22.0 percent, and RoW- 7.0 percent

Additionally, as a part of qualitative analysis, the market research offers a comprehensive overview of main drivers, industry restraints, possibilities, and opportunities influencing the increase of the overall polymer bearing market. It also considers competitive landscape approved by various market players, including SKF, Igus Inc., BNL Ltd., Boston Gear LLC, Dotmar Engineering Plastic Products, Saint-Gobain S.A., Oiles Corporation, Kashima Bearings, Incorporated, KMS Bearings, Incorporated, and Kilian Manufacturing, among others.

Segment Research

The industry report offers a comprehensive overview of the overall polymer bearing market and associated end-use sectors, polymer bearing material types, and localities. It further aims at estimating the market value and future increase potential of varied market segments and sub-segments. Moreover, the study also comprises an detailed competitive study of main actors in the sector, together with their company descriptions, segment market share, SWOT study, recent evolutions, and top increase strategies.

Main highlights

The analysis will facilitate the market top players/new sector entrants in this sector by providing them the closest approximations of revenue numbers for the overall polymer bearing market and its sub-segments. This industry report will also assist partners to better find out the competitor overview and gain worthy market insights to better option their businesses and develop suitable go-to-market approaches. The market research further helps partners to comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

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