Polymer Bearing Market To Observe the Largest Share and Witness Robust Expansion With Detail Analysis

Increasing adoption of polymer bearings across various industries such as automotive, medical, pharmaceutical, textile & food processing.

WILMINGTON, DE, UNITED STATES, September 15, 2024 /EINPresswire.com/ -- According to a report by Allied Market Research, the global polymer bearing market was valued at $9.4 billion in 2021 and is projected to reach $14.9 billion by 2031, growing at a CAGR of 4.8% from 2022 to 2031. The report offers a comprehensive analysis of market dynamics, key segments, value chain, competitive landscape, and regional insights. It provides essential guidance to industry leaders, investors, shareholders, and startups for strategic planning and competitive advantage.

Key Insights:

- Forecast Period: 2022–2031
- Base Year: 2021
- Market Size in 2021: $9.4 billion
- Estimated Market Size in 2031: $14.9 billion
- CAGR: 4.8%
- Report Pages: 460
- Segments Analyzed: Material type, end-use industry, region

Market Drivers:

- Increasing adoption of polymer bearings across various industries such as automotive, medical, pharmaceutical, textile, food processing, chemical, office products, and semiconductor industries.

Market Opportunities:

- Technological advancements in manufacturing processes
- Rising demand for polymer bearings and growing awareness of their applications

Market Restraints:

- Stringent government regulations
- High raw material costs for polymer bearings

Segment Analysis:

- By Material: The phenolic segment dominated the market in 2021, accounting for over two-fifths of total revenue, and will likely maintain its leadership during the forecast period. The acetal segment is expected to exhibit the highest CAGR of 5.2% from 2022 to 2031.

- By End-Use Industry: The automotive segment held the largest market share in 2021, contributing nearly two-fifths of global revenue, and is forecasted to register the highest CAGR of 5.2% by 2031.

- By Region: Asia-Pacific led the market in 2021 with a two-fifths share and is projected to continue its dominance through 2031. It is also anticipated to experience the fastest growth, with a 5.0% CAGR during the forecast period. Other regions analyzed include North America and Europe.

Key Market Players:

The report profiles leading companies such as Altra Industrial Motion Corp., Igus Bearings Inc., OILES CORPORATION, Saint-Gobain, SKF, KMS Bearings, Inc., and others. These players focus on strategies like product innovation, expansion, joint ventures, and collaborations to enhance their market presence.

𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.alliedmarketresearch.com/polymer-bearing-market-A53578

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
X