Composite Bearings Market is set to witness a stable CAGR in the forecast period of 2019-2026

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Composite Bearings Market is set to witness a
stable CAGR in the forecast period of 2019-2026
Composite Bearings Market By Product Type (Fiber
Matrix, Metal Matrix), Application (Construction
Mining, Agriculture, Automotive, (Heavy
Vehicles, Rail Mass Transit), Aerospace
(Interior Components, Exterior Components),
Marine, Other, Geography (North America, South
America, Europe, Asia-Pacific, Middle East and
Africa) Industry Trends and Forecast To
2026
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Report Description
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. 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.
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Major Key Players

• Some of the major players operating in this
  market are
• 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.),
• aishan Fiberglass Inc. (China)
• Soucy Composites inc. (Canada)
• AST Bearings LLC (US),

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Market Segmentation

• By Product Type (Fiber Matrix, Metal Matrix)
• By Application (Construction Mining,
  Agriculture, Automotive, (Heavy Vehicles, Rail
  Mass Transit), Aerospace (Interior Components,
  Exterior Components), Marine, Other

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Regional Analysis

• Based on geography, the market is segmented into
  five geographical regions
• North America
• Europe
• Asia-Pacific
• South America
• Middle East
• Africa

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