Delvens has released a new research study titled "Composite Bearings market" analysis by the following subjects: Industry size, share, growth, segmentation, manufacturers and innovations, major trends, market drivers, restraints, regulations, distribution methods, opportunities, strategies, prospective road maps, and yearly forecast till 2030′′. The purpose of the market research study is to thoroughly investigate the industry in order to gain knowledge of the industry and its economic potential. report also looks at SWOT and Porter's Five Forces Analysis, as well as crucial statistics like expenditure, costs, revenue, and end-clients.
Composite Bearings market size was estimated at USD 5.73 billion in 2023 and is projected to reach USD 9.23 billion in 2030 at a CAGR of 7.06% during the forecast period 2023-2030.
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Composite bearings are the tools used to lessen friction and offer separation between two components that are moving in relation to one another. They are constructed from a combination of metal, plastic, and fiber-reinforced resin. Low friction, little heat build-up, and absence of cold flow conditions are characteristics of composite bearings. In industrial applications, composite bearings might be used in place of the traditional greased bronze bushings to save weight and improve efficiency. Composite bearings are utilized in a variety of industries, including the automotive sector for uses ranging from the powertrain to the interior of vehicles, as well as the maritime, building and mining, agricultural, and aerospace sectors.
Composite Bearings Market Segmentations:
Based on Type:
· Metal matrix,
· Fiber matrix
Based on Application:
· construction & mining,
· automotive,
· agriculture,
· aerospace,
· marine and others.
Competitive Landscape of Composite Bearings Market:
ACM Composites, Arkema, AST Bearings LLC, CIP Composites, CSB Sliding Bearings Pvt. Ltd., Federal-Mogul Corporation, Franklin Fiber Lamitex, GGB Bearing Technology, H4 Marine Limited, Huntsman Corporation, Mitsubishi Plastics, Inc., Polygon Company, RBC Bearings Incorporated, Hycomp LLC, Rexnord Corporation, Saint-Gobain S.A, SGL Carbon Gmbh, Tenneco Inc, Trelleborg AB
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The market for composite bearings is expanding because to its improved mechanical qualities, such as wear resistance, self-lubrication, and substantially longer product life. Low maintenance costs are another significant factor that is driving up market demand for composite bearings. This is a result of the qualities of composite bearings, which are superior to those of traditional bearings in terms of operational and dimensional stability at high temperatures and severe environments as well as improved corrosion and fatigue resistance.
On the other hand, the market for composite bearings is being held back by the high cost of raw materials and high production costs. In addition, the market for composite bearings is being constrained by fierce competition from suppliers of single metal bearings.
Recent Developments:
· In April 2023, the igutex TX3 was launched, which is a fiber composite plain bearing for heavy-duty applications, including swivel applications, ship-to-shore cranes, and front loaders. It was introduced by Igus' Iglidur plain bearing subsidiary. Up to 1 meter in diameter, this bearing line may be made in bespoke sizes.
· In August 2022, The HiMod Advanced Composite Bearing Plus, a dual-layer bearing with a low-friction PEEK liner that also serves as an impermeable sealing surface, is a new low-friction thermoplastic composite bearing from Trelleborg. It has 50% reduced sliding friction and improved wear performance.
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