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Global Composite Bearings Market Forecast by 2026 With Leading Players Arkema, Mitsubishi Chemical Corporation, Huntsman International LLC, Carbon fiber manufacturers ,SGL Group, PPG Industries, Inc., Taishan Fiberglass, Soucy Composites
Composite Bearings Market
Global Composite Bearings Market is expected to rise from its initial estimated value of USD 4.08 billion in 2018 to an estimated value of USD 7.62 billion by 2026, registering a CAGR of 8.1% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing use of self-lubricating composite bearing.
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Key Market Competitors: Global Composite Bearings Market
Arkema (France), Mitsubishi Chemical Corporation (Japan), Huntsman International LLC (U.S). Carbon fiber manufacturers, SGL Group (Germany), TORAY INDUSTRIES, INC.. (U.S), PPG Industries, Inc. (U.S.), Taishan Fiberglass Inc. (China), Soucy Composites inc. (Canada), AST Bearings LLC (US), CIP Composites (US), CSB Sliding Bearings (India) India), Tenneco Inc. (US), Franklin Fibre Lamitex Corporation (US), GGB Industries, Inc..(US) , H4 Marine Limited (UK), Hycomp LLC (US), Polygon Company (US), RBC Bearings Incorporated (US), Rexnord Corporation (US), Saint-Gobain S.A. (France), Schaeffler AG (Germany), SPAULDING COMPOSITES.(US), Technoslide (Pty) (South Africa), Tiodize Co., Inc. (US), Trelleborg AB (Sweden), Tristar Plastic Corp. (US), VNC Bearing, Inc. (US) and many more.
Market Definition: Global Composite Bearings Market
A composite bearing is defined as equipment that is employed to control friction and provide separation between two moving parts. The unique characteristic of a composite bearing is that it is made from a mixture of materials such as resin reinforced with fibre. There is a growing demand for composite bearing in construction & mining, automotive, agriculture, aerospace and marine activities which is expected to be one of the major drivers of the market over the next seven years.
Key Developments in the Market:
• In February 2018, GGB presented “Composite Bearing Design with Improved Tribology and Machinability for Aggressive Applications” at the 2017 HYDRO International Conference and Exhibition, this presentation is focused on the use of self-lubricating, fiber/resin composite bearings to enhance functionality, design flexibility and performance in industries.
• In April 2019, Kaman Aerospace Group, Inc. won a Gold Tier Award for exceptional performance and contributions. Kineco Kaman manufactures advanced composite parts and assemblies for aerospace. This award will place Kaman Aerospace as a global player in aerospace bearing market.
Market Drivers:
• There is high demand for composite bearings in superior mechanical properties is expected to be driving the market growth
• There is Increase in use of self-lubricating composite bearing in demanding applications is also expected to drive the market growth
Market Restraints:
• There is rice in cost of raw material & production is expected to act as a restraint to the market growth
• Competition from single metal bearings is also a restraint to the market growth.
Major Topics Covered in this Report:
Chapter 1 Study Coverage
Chapter 2 Executive Summary
Chapter 3 Market Size by Manufacturers
Chapter 4 Production by Regions
Chapter 5 Consumption by Regions
Chapter 6 Market Size by Type
Chapter 7 Market Size by Application
Chapter 8 Manufacturers Profiles
Chapter 9 Production Forecasts
Chapter 10 Consumption Forecast
Chapter 11 Upstream, Industry Chain and Downstream Customers Analysis
Chapter 12 Opportunities & Challenges, Threat and Affecting Factors
Chapter 13 Key Findings
Chapter 14 Appendix
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Segmentation: Global Composite Bearings Market
By Product Type
• Fiber Matrix
• Metal Matrix
By Application
• Construction & Mining
• Agriculture
• Automotive
o Automobiles
o Heavy Vehicles
o Rail & Mass Transit
• Aerospace
o Interior Components
o Exterior Components
• Marine
• Others
By Geography
• North America
• South America
• Europe
• Asia-Pacific
• Middle East and Africa
Competitive Analysis: Global Composite Bearings Market
Global composite bearings market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of composite bearings market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Insights in the report:
• Complete and distinct analysis of the market drivers and restraints
• Key market players involved in this industry
• Detailed analysis of the market segmentation
• Competitive analysis of the key players involved
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