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Polymer Bearing Market Worth 12.89 Billion USD by 2026


News provided by

MarketsandMarkets

17 Nov, 2016, 11:30 GMT

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PUNE, India, November 17, 2016 /PRNewswire/ --

The report "Polymer Bearing Market by End-Use Industry (Automobile, Medical & Pharmaceutical, Textile, Packaging, Elevator, Food, Office Products, Chemical), Type of Material (Phenolics, Acetal, Nylon, Teflon, UHMWPE), and Region - Global Forecast to 2026", published by MarketsandMarkets, the market is projected to reach USD 12.89 Billion by 2026, at a CAGR of 4.4% from 2016 to 2026.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 95 market data Tables and 38 Figures spread through 157 Pages and in-depth TOC on "Polymer Bearing Market"

http://www.marketsandmarkets.com/Market-Reports/polymer-bearing-market-46599529.html
Early buyers will receive 10% customization on this report.

Increasing demand for polymer bearings from the automobile, textile, food processing, and packaging industries is expected to drive the growth of the global polymer bearing market in the near future.

Phenolics is the fastest-growing material type segment of the global polymer bearing market 

The phenolics material type segment contributed the largest share to the global polymer bearing market in 2015; this segment is projected to grow at the highest CAGR from 2016 to 2026. This growth is mainly attributed to the increasing demand for phenolic bearings from varied end-use industries such as automobile, textile, food packaging, and semiconductors. In addition, phenolic bearings have properties such as excellent strength and shock resistance, coupled with resistance to water, acid, and alkali solutions. These bearings work efficiently in heavily loaded systems, wherein sufficient clearance and cooling is provided.

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Automobile is the fastest-growing end-use industry segment of the global polymer bearing market 

The automobile end-use industry segment accounted for the largest share of the global Polymer Bearing Market in 2015; this segment is projected to grow at the highest CAGR from 2016 to 2026. This growth is mainly attributed to the increasing 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 Asia-Pacific region led the global polymer bearing market in 2015 

The Asia-Pacific region led the global polymer bearing market in 2015, 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. China, India, and Japan are leading countries in terms of production and consumption of polymer bearings in the Asia-Pacific region. Moreover, the easy availability of raw materials and labor is further anticipated to drive the growth of the polymer bearing market in the Asia-Pacific region.

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Key players operating in the global polymer bearing market include SKF (Sweden), Igus Inc.  (U.S.), BNL Ltd. (U.K.), Boston Gear LLC. (U.S.), Dotmar Engineering Plastic Products (Australia), Saint-Gobain S.A. (France), Oiles Corporation (Japan), Kashima Bearings, Inc. (Japan), KMS Bearings, Inc. (U.S.), and Kilian Manufacturing (U.S.).

Browse Related Reports:  

Automotive Bearing Market by Bearing type (Ball bearing, Roller bearing and others), Application, Vehicle type (PC, LCV, HCV and Two-wheelers), Region, and by Aftermarket (Region, Vehicle type and Application) - Trends & Forecasts to 2020
http://www.marketsandmarkets.com/Market-Reports/automotive-bearing-market-105500470.html

Polymer Processing Aid Market by Polymer Type (Polyethylene (LLDPE, LDPE, HDPE), Polypropylene), Application (Blown Film & Cast Film, Extrusion Blow Molding, Wire & Cable, Pipe & Tube, Fibers & Raffia) - Global Forecast to 2021
http://www.marketsandmarkets.com/Market-Reports/polymer-processing-aid-market-262874414.html

Subscribe Reports from Chemicals & Materials Domain: http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets  

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
MarketsandMarkets
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

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