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Polymer Bearings Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

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Polymer Bearings Market: Overview

Plain bearings are an extremely simple form of bearing that are devoid of rolling elements. Hence, the part of the shaft that connects with the bearing (known as the journal) can slide over its surface. Typically, a device that allows linear or rotational movement while simultaneously handling stress and reducing friction is known as a bearing.

Producing plain bearings requires a material that is durable, can withstand wear, does not cause friction, and is resistant to elevated temperatures and corrosion. Generally, this bearing comprises of two parts - the hard element which supports the load and the soft element which supports the hard element.

One of the materials used to produce plain bearings is polymer. Consumption of polymer bearings is now rapidly increasing because of their dry-running lubrication-free properties. They are resistant to corrosion, lightweight, and maintenance-free. Their only limitation is their production process of injection molding, which does not guarantee all kinds of shapes. The ones that are feasible are restricted by a pre-determined standard design practice. Polymer bearings are bound by the same design restraints as all other plastic parts: high thermal expansion, creep, swelling due to moisture absorption, reduced life/ increased wear/ softening at high temperatures, and brittle fractures at cold temperatures.

Polymer bearings are rather common at present with applications in farm equipment, photocopy machines, textile machinery, tills, medical devices, marine equipment, car seating, and food & packaging machines. Common polymers used to form bearings include polyacetal, nylon, polytetrafluoroethylene (PTFE), phenolics, ultra-high-molecular-weight polyethylene (UHMWPE), urethane, PEEK, vespel (a high-performance polyimide), and rulon.

Polymer Bearings Market Trends

Major applications of polymer bearings are observed in the automotive and industrial machinery sectors. The expansion of this market is directly proportional to the global industrial production. Other sectors in which polymer bearings are employed include aerospace, railway, off and on highway, construction equipment, agricultural equipment, and wind turbines.

The polymer bearings market is driven by a surge in industrial machinery and automobiles. Another propellant is the investment made in the aerospace sector. Their application in wind turbines is also increasing as a result of the mounting concerns about global warming. The market shares of railway equipment and electronics in developing regions are also likely to rise in the near future.

Polymer Bearings Market Segmentation

Based on material, the polymer bearings market can be segmented into polyacetal, nylon, polytetrafluoroethylene (PTFE), phenolics, ultra-high-molecular-weight polyethylene (UHMWPE), urethane, PEEK, vespel, and rulon.

Based on application, the market can be divided into following categories: agriculture, graphics, textile, medical devices, marine, automotive, and food & packaging. Based on lubrication system types, the divisions are class I, class II, and class III.

Polymer Bearing Market: Region-wise Outlook

Asia Pacific dominates the polymer bearings market by holding a major share in the global market. The market in Asia Pacific is dominated by China in terms of volume. Countries such as India, Thailand, Indonesia, Malaysia, and Korea are projected to exhibit a relatively higher growth rate and are touted to be key markets in the near future. Asia Pacific is closely trailed by Europe due to the presence of market leaders such as Germany, France, Italy, and Belgium which together constitute a prominent share in the regional polymer bearings market. In Latin America, Brazil is estimated to expand substantially.

Polymer Bearing Market: Key Players

Key players operating in the polymer bearings market include Enpro Industries Inc., Federal Mogul Corporation, Igus, JTEKT Corporation, LM-Tarbell Inc., Mineba Co. Ltd, Misumi USA Inc., NKE Austria GmbH NSK ltd, NTN Corporation, RBC France SAS, Rexford Industries LLC, Schaeffler Technologies AG & Co. KG, SKF Group, and Timken Company.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market    
     

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Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.


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