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Polymer Bearing Market Size Forecast to Reach $12 Billion by 2025


Polymer Bearing Market Size Forecast to Reach $12 Billion by 2025
The Easy Availability of Raw Materials and Labor Is Further Anticipated to Drive the Growth of the Polymer Bearing Market.
Polymer Bearing Market
BriefingWire.com, 4/23/2021 - Polymer Bearing Market size is forecast to reach $12 billion by 2025, after growing at a CAGR of 4.5% during 2020-2025. This growth is mainly due to the rising demand in the Asia-Pacific region for polymer bearings. The growth of the global polymer bearing market is further driven by the growing applicability of polymer bearings in the automotive, medical & pharmaceutical, textile, food processing, chemical, office products and semiconductor industries. For use on metal surfaces, polymer bearings are preferred. Over other common bearing materials, polymers offer many advantages. Polymer bearings are resistant to corrosion and chemicals. Such bearings do not transfer heat to other mechanical assemb ....

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Global Sprockets Market Growth banking on a Post-pandemic Automotive and Construction Industry Recovery: Fact.MR Study


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NEW YORK, April 7, 2021 /PRNewswire/ The global sprockets market is expected to post significant gains through 2021 and beyond, with major applications across the automotive and construction industries respectively. With the recessionary impact of the COVID-19 subsiding, these industries are expected to make a gradual recovery, thereby preparing the stage for a strong expansion trajectory for sprockets in the long-run.
According to Fact.MR s projections, the global sprockets market is likely to expand at over 7% CAGR from 2021 to 2031, reaching nearly US$ 9 billion by the end of the said forecast period. Historical projections point out that growth trajectory remained moderate between 2016 and 2020, registering a 3% growth, owing to a general slowdown in the construction and automotive sectors. Prospects further dipped through 2020, registering a nearly 6% downswing in Q4 2020. ....

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