Bearings are considered a mature technology, however, important advances continue to be made in product design that complement developments in key manufacturing sectors.
Although plain bearings will remain a relatively niche bearing product, they are expected to gain share from bearings with rolling elements in the manufacture of such equipment as aerospace and wind turbines because of advantages.
Outside of the US and Canada, the best opportunities of vinyl siding are in areas like India, Brazil, Chile, and other countries in Central and South America.
A new Freedonia Group analysis forecasts global demand for bearings to grow 5.2% per year to $100 billion in 2025, rebounding from lows in 2020.
Deere & Co,indicated that despite increased supply-chain pressures lawn and garden equipment suppliers are poised for another summer of strong sales, in part due to trends driven by the COVID-19 pandemic.
A national pallet shortage is affecting already-strained supply chains in a number of US markets.
Already elevated due to stay-at-home orders and increased consumer comfort-purchases amid the COVID-19 pandemic ice cream and frozen dessert sales are forecast to rise further as the summer heats up.
The Asia/Pacific region is the largest outlet for automotive coatings due in large part to China’s large national market.
New analysis found that demand for outdoor living products surged more than 8% in 2020, driven by several trends that emerged during the COVID-19 pandemic.
Water-based paints have largely penetrated the global architectural paint market, representing 77% of total demand in 2019.