Polymer Bearing Market opportunities, business, demand and growth, forecast 2027
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.
Polymer Bearing Market Scope and Research Methodology:
The research examines the Polymer Bearing market's trends, projections, and monetary values in depth. The research examines the segments and sub-segments in various regional Polymer Bearing market places in depth. The paper takes a bottom-up method to understanding market size estimates. The services, revenue, financial state, portfolio, growth plans, and regional presence of key market participants and new entrants are all included in the Polymer Bearing Market research. The study forecasts the Polymer Bearing market's size and growth rate, as well as current and future trends.
The Polymer Bearing market study goes into detail on demand projections, market trends, and micro and macro factors. It also examines the factors that are driving and restraining the growth of the Polymer Bearing industry. The report includes both qualitative and quantitative methodologies. The Polymer Bearing market is being researched utilizing SWOT, PESTLE, and Porter's Five Force techniques. The study highlighted significant emerging advancements that are projected to have an impact on Polymer Bearing market demand during the forecast period.
Polymer Bearing Market Report Overview:
The major goal of the SMR's Polymer Bearing Market study is to assist clients in making business decisions, such as determining which areas require improvement, which are already operating well, and assisting new entrants in landing and penetrating the competition. The research also discusses the obstacles that exist in the Polymer Bearing Market.
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.
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Polymer Bearing Market Segmentation:
Phenolics: Phenolic compounds include cotton fabric or other fillers mixed with phenolic resin. These compounds are easily absorbed into various liquids, making them ideal for automotive use. Due to their high strength and low weight, phenolic bearings are famous for replacing steel bearings on propeller bearings and rubber-shaft on ships as well as electric switch-gear, rolling-mill, and water-turbine bearings. Phenolic laminates act as structural components and carriers in small tools and clock mechanisms. Phenolic bearings are durable, resistant to shock and water, acid, and alkaline solutions, and work well on heavily loaded systems that provide adequate clearance and cooling.
Nylon: Although phenolics are used in hard work, they are often replaced by nylon, which finds its widespread use in bearings. Nylon trees do not require anointing and have low friction. Nylon is a strong, quiet material that can withstand scratches when used and can wear out slightly. It is easily shaped, cast, or machine-made to fit very closely. Applying a thin line of material to a well-supported steel sleeve can reduce cold flow problems at high loads.
Teflon: Teflon is a good material for bearings because it provides low friction, high wear resistance, resistance to multiple chemical attacks, and can operate at wide temperatures. The load capacity of Teflon bearings depends on how well they are constructed and reinforced. Teflon bearings are excellent for exposure to weather, chemicals, and the use of vapor. Teflon bearings suitable for applications such as sluice gates need to work efficiently, reliably, and without adherence after a long period of inactivity. Apps that include low rpm, oscillatory, or temporary service, as well as reliable non-slip service are essential, can benefit from Teflon bearings. The biggest drawback of using Teflon bearings is its high cost compared to other bearings.
Automotive: The cost benefits of polymer solutions are very important in the automotive industry. Polymer bearings are particularly durable, require little care, and provide thermal stability, the most important attributes in the automotive industry. Polymer bearings are lighter than steel, resulting in less fuel consumption and a wider range. Polymer bearings do not require additional oil or lubrication, nor do they care.
Fabric: Fabric machinery is increasingly widely used, increasing the demand for sturdy machine parts. Vibration, various operating conditions, changes in loads, and especially dirt and dust are challenges that plant operators in the textile industry face. In addition, textile manufacturers should not ignore external factors such as humidity and temperature fluctuations. Therefore, repair work is difficult to plan and is only done over a long period of time. Polymer bearings made of highly efficient polymers do not require additional coating and have a long service life and meet all the requirements of the textile industry.
Polymer Bearing Market Key Players:
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)
Kilian Manufacturing (US)
Polymer Bearing Market Regional Analysis:
Geographically, Polymer Bearing market report is segmented into several key regions are as follows,
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (the United States, Mexico, and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC Countries and Egypt.)
Key questions answered in the Polymer Bearing Market are:
- What was the Polymer Bearing market size in 2021?
- What is the growth rate of the Polymer Bearing Market?
- Which are the factors expected to drive the Polymer Bearing market growth?
- What are the different segments of the Polymer Bearing Market?
- What are the factors restraining the growth of the Polymer Bearing Market?
- What segments are covered in the Polymer Bearing Market?
- Who are the key players in the Polymer Bearing market?
- What are the upcoming industry applications and trends for the Polymer Bearing Market?
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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