The polymer bearing market is expected to expand at a decent pace over the forecast period owing to the rise in demand for the product in Asia Pacific and its increasing application in the textile, medical & pharmaceutical, automobile, and food processing sectors.
Polymer bearings are widely applied on metal surfaces and preferred over other common bearing materials. They are chemical-resistant and corrosive and therefore progressively favored over other types of bearings. They do not transfer heat to other areas due their ability to auto-lubricate, which eliminates the chances of failure due to low maintenance.
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Rising demand for the product from the automobile industry is likely to push the expansion of the polymer bearings market over the forecast period.
Polymers are resistant to acid, alkali, wax and solvents owing to their non-conductive and anti-corrosion resistant properties. Being 70 to 80 percent lighter compared to other metals they are extensively used in the automotive industry.
In the automotive sector it is used in the windshield wipers, shock absorbers, brakes, shafts, hinges, gear boxes, engine compartments, angle transmitters and pedals. The global polymer bearing market is majorly driven by the growth of the automotive industry.
Key players operating in the polymer bearing market include SKF, Boston Gear LLC, IGUS Inc., Saint-Gobain S.A., and BNL Ltd. ETC.
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