Polymer Bearing Market Analysis - Global Industry Size, Share, Trends and Forecast, 2014 - 2024

Category : Chemicals and Materials | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC346

Polymer bearings are used in areas where resistance to dampness or chemicals is important. Polymer bearing offer properties such as corrosion resistance, high wear and fatigue resistance, self-lubricating, low friction, quiet operation, light weight, high strength, high dimensional stability, low lifecycle costs and electrical insulator. Polymer bearing are extensively used in industries such as food & beverages, medical, textile, chemical, photographic and vacuum.

The market for polymer bearing is growing significantly owing to the surge in demand for polymer bearings in emerging economies of Asia-Pacific such as India, China, Brazil, Argentina, and UAE. Increased applications of polymer bearings in sectors such as semiconductor, medical & pharmaceutical, chemical, automobile, food processing, and textile drives the market growth. Polymer bearings are generally used on metal surfaces. These offer numerous advantages over other coventional bearing materials. Polymer bearings are chemical and corrosion resistant and do not transfer heat to other areas of mechanical assembly, as they are self lubricating and hence eliminate the possibility of failure owing to limited maintenance. However, the strict government norms regarding the use of polymer bearing in the packaging and food processing industry restraints the market for polymer bearing. The market for polymer bearing faces growth challenges due to the unawareness towards the benefits of polymer bearings.

The polymer bearing market can be segmented based on material, end-use industry, and region. Based on material, the global polymer bearing market can be segmented into phenolics, acetal, nylon, teflon and UHMWPE. The phenolics material dominated the polymer bearing market in 2015. The phenolics material type segment accounted for the largest share of the polymer bearing market and is analyzed to grow at the highest CAGR during the forecast period. This growth is majorly attributed by the rising demand for phenolic bearings from numerous end-use industries such as textile, automobile, semiconductors, and food packaging. In addition, phenolic bearings have properties such as exceptional strength and shock resistant, in addition to resistance to acid, water, and alkali solutions. Based on end-use, the market for polymer bearing can be segmented into automotive, medical, textile, packaging, food and chemical. Automotive industry was the major revenue generator for the polymer bearings market in 2015. Wide applications in automotive industry owing to the properties such as low maintenance, lightweight, lubrication-free, high wear & fatigue resistant, and corrosion & chemical resistant led to the growth of polymer bearings market in the automotive industry.

Based on region, the polymer bearing market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA), and Asia-Pacific. The Asia-Pacific was the largest market for polymer bearings in 2015. Increasing investments by foreign companies, growing production facilities, the strong industrial base in the construction sector and the significant rise in living standards are the major factors contributing to the growth of market in this region. The growth in LAMEA region is mainly due to the increase in demand from end-use industries. Key players involved in the polymer bearing market are focusing on key market strategies such as mergers and acquisitions with local as well as established players. Moreover, companies are also focusing on collaborating with local players to increase their reach across all geographies and earn huge profits. Partnership with multinational companies to strengthen their market reach and goodwill is also anticipated to be a major market strategy in the polymer bearing market. Some of the major players involved in the manufacture and supply of polymer bearing include SKF, Kilian Manufacturing, BNL Ltd., and Dotmar Engineering Plastic Products.

Market Segmentation

Market by Material

·         Phenolics

·         Acetal

·         Nylon

·         Teflon

·         UHMWPE

Market by End-use Industry

·         Automotive

·         Medical

·         Textile

·         Packaging

·         Food

·         Chemical

Market by Geography

·         North America

o   US

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Philippines

o   Rest of Asia-Pacific

·         Latin America

o    Brazil

o   Chile

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA


Related Reports

Recycled Elastomers Market By Raw Material: (Styrene butadiene rubber, Nitrile butadiene rubber, Propylene rubber, Chloroprene rubber, Natural rubber, Polyurethane rubber, Others) By Application: (Medical, Agriculture, Sports product, Playground surfaces, Infrastructure, Home & garden) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global recycled elastomers market size is expected to reach around US$ 6.8 billion by 2026 and growing at a CAGR of above 11.9% over forecast period 2019 to 2026. Elastomer materials are made of polymer materials that are joined by chemical bonds and have high elongation and flexibility properties that increase its applicability in various industries. Elastomers rubber compounds are made of five to ten ingredients each of them having

Recycled Thermoplastic Market By Type: (Biodegradable, Non-Biodegradable); By Form: (Flakes, Pallets, Granules); By Technology: ( Extrusion, Injection Molding, Blow Molding, Film Molding, Others); By Product: (Polyethylene (PE), Polyethylene Terephthalate (PET), Polypropylene (PP), Polystyrene (PS), Polyvinyl Chloride (PVC), Others); By Application: ( Packaging, Automotive & Transportation, Building & Construction, Electrical And Electronics, Agriculture & Horticulture, Furniture & House wares, Medical, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global recycled thermoplastic market in 2018 was above US$ 50 Bn and is expected to grow more than US$ 103 Bn by 2026. The market is expected to register a CAGR of above 9% from 2019-2026. Thermoplastic polymer has properties such as high-impact strength and heat-resistance and when mixed with the compounded thermoplastic polymer matrix it gives more high performance such as improved flow-ability and processing performance. Thermoplas

Beverage Container Market By Material: (Plastic, Paperboard, Glass, Metal); By Container Type: (Jars & Bottles, Cans, Cartons, Pouches, Bag-In-Boxes); By Application: (Non-Alcoholic Beverages, Alcoholic Beverages) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global beverage container market size is expected to reach around US$ 251 billion by 2026 and growing at noteworthy CAGR around 4.2 % throughout the forecast period 2019 to 2026. Beverage container refers to the packaging of beverages with jars & bottles, cartons, pouches, bags-in-boxes or cans. These containers are manufactured from the paperboard, plastics, glass or metals, and also from the combination of the all with the application in non-alc

Cinnamaldehyde Market (By Type: Flavor Agent, Aroma Agent, Antimicrobial Agent, Other Types of Product; By Application: Food and Beverages, Household & Personal Care Industry, Agriculture, Healthcare, Others) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global cinnamaldehyde market is expected to grow at a CAGR of around 6.0% during the forecast period 2019 - 2026 and reach the market value of over US$ 330 Mn by 2026. Cinnamaldehyde is also known as 3-phenyl-2-propenal, cinnamic, phenylalacrolein, cinnamal, cinnamyl aldehyde, and trans-cinnamaldehyde. It is a yellowish oily liquid with a sweet taste and a cinnamon smell that is liable for the

Lignin Market (By Product: Ligno-sulphonates, Organosolv Lignin, Kraft Lignin, Others; By Application: Macromolecules, Aromatics) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global lignin market value is expected to reach around US$ 907.1 million by 2026 and forecasted to grow at a CAGR of 2% over the time frame 2019 to 2026. The report provides analysis of global lignin market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.  Market Insights The worldwide lignin industry is evolving at a good pace, with a favorable develop

Graphene Market (By Product: Graphene nanoplatelets, Graphene oxide, Others; By Application: Electronics, Composites, Energy, Others) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global graphene market is forecasted to grow at a CAGR around 38.2% over the forecast time frame 2019 to 2026 and reach around US$ 552.6 million by 2026. The report provides analysis of global Graphene market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.  Market Insights Increasing demand for lightweight and durable products for different parts, incl

Cart Summary