Polymer Bearing Market Size, Share, Growth Analysis, By Material(Phenolics, Nylon, Teflon, Acetal), By End-use(Automobile, Medical & pharmaceutical, Textile, Packaging), By Region - Industry Forecast 2025-2032

Q: What is the market size of Polymer Bearing Market?

Global Polymer Bearing Market size was valued at USD 9.63 billion in 2022 and is poised to grow from USD 10.06 billion in 2023 to USD 14.31 billion by 2031, growing at a CAGR of 4.5% in the forecast period (2024-2031).

Q: Who are the key vendors in the Polymer Bearing Market?

The competitive environment of the global Polymer Bearing market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. The established players frequently pay attention to research and improvement activities to decorate the overall performance characteristics in their DINP merchandise and ensure compliance with evolving regulatory standards. Collaborations, mergers, and acquisitions are common techniques hired by means of these agencies to reinforce their market positions and enlarge their product portfolios. 'SKF (Sweden)', '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)'.

Q: What is the key driver of Polymer Bearing Market?

Increasing Industrial Demand for Polymer Bearings.

Q: Which region accounted for the largest share in Polymer Bearing Market?

Asia-Pacific dominates the global polymer bearing market owing to the rapidly developing technologies in the region. Potential growth lies in emerging markets such as India and South Korea. The Asia-Pacific polymer bearing market has witnessed a steady growth owing to the increasing demand for polymer bearings in the food, beverage, distribution and logistics industries. The Asia-Pacific region is expected to grow at a CAGR of around 4% during the forecast period. This growth is driven by major client countries such as India and China, Asia-Pacific region dominates the global polymer bearing market. China accounts for the largest share of the polymer bearing market, followed by India and Japan, and is expected to be the dominant application during the forecast period.

Report ID: SQMIG15F2177 | Region: Global | Published Date: March, 2024
Pages: 157 | Tables: 67 | Figures: 68

Polymer Bearing Market News

In March 2023, for deep grooved xiros ball bearings, exclusively designed for medical technology, igus has introduced a new high-strength plastic material called xirodur MT180.

In September 2022, the agreement to purchase GGB Bearing Technology (GGB) from The Timken Company was completed.

March 2023– NSK Bearings, a leading premium bearing manufacturer, has signed an agreement with the Tokyo Institute of Technology to establish the Advanced Tribal Innovation Research Center This innovation center is helping to foster innovation and open research mouth in ethnic science.

Polymer Bearing Market Report Snapshots

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Polymer Bearing Market size was valued at USD 9.63 billion in 2022 and is poised to grow from USD 10.06 billion in 2023 to USD 14.31 billion by 2031, growing at a CAGR of 4.5% in the forecast period (2024-2031).

The competitive environment of the Polymer Bearing market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. The established players frequently pay attention to research and improvement activities to decorate the overall performance characteristics in their DINP merchandise and ensure compliance with evolving regulatory standards. Collaborations, mergers, and acquisitions are common techniques hired by means of these agencies to reinforce their market positions and enlarge their product portfolios. 'SKF (Sweden)', '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)'

Increasing Industrial Demand for Polymer Bearings

Increased Demand from Automotive Industry: This is anticipated to boost the polymer bearing market owing to the characteristics of these bearings, such as their grease-free nature, high corrosion and fatigue resistance in textiles, materials a used in packaging, food and packaging applications. Polymer bearings extensive end -use industries are fueling the growth of the polymer bearing market. Moreover, polymer bearings are in demand in a wide range of industries due to their friction excellent low density and high wear resistance due to which besides, the 3D Advancement in printing technology is anticipated to provide growth opportunities in the polymer holder market. Custom 3D printed plain bearings made of high-performance polymers last longer than conventional 3D printed materials. 3D printing gives bearing manufacturers a way to innovate, creating bearings that increase performance. The increasing popularity of 3D printing is expected to boost the industrial applications of polymer bearings.

Asia-Pacific dominates the polymer bearing market owing to the rapidly developing technologies in the region. Potential growth lies in emerging markets such as India and South Korea. The Asia-Pacific polymer bearing market has witnessed a steady growth owing to the increasing demand for polymer bearings in the food, beverage, distribution and logistics industries. The Asia-Pacific region is expected to grow at a CAGR of around 4% during the forecast period. This growth is driven by major client countries such as India and China, Asia-Pacific region dominates the polymer bearing market. China accounts for the largest share of the polymer bearing market, followed by India and Japan, and is expected to be the dominant application during the forecast period.

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Polymer Bearing Market Size, Share, Growth Analysis, By Material(Phenolics, Nylon, Teflon, Acetal), By End-use(Automobile, Medical & pharmaceutical, Textile, Packaging), By Region - Industry Forecast 2025-2032

Polymer Bearing Market News

Polymer Bearing Market Report Snapshots

Want to customize this report?

FAQs

What is the market size of Polymer Bearing Market?

Who are the key vendors in the Polymer Bearing Market?

What is the key driver of Polymer Bearing Market?

What is the key market trend for Polymer Bearing Market?

Which region accounted for the largest share in Polymer Bearing Market?

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