Polymer bearings, commonly known as plastic bearings, are the latest development in the bearings industry. A bearing is made up of four different parts: inner race, outer race, cage, and balls. The combination of these parts in unison allows smooth and friction free motion. In polymer bearings, the inner race, the outer race, and the cage are all made up of plastic and the material used for manufacturing balls depends on the kind of applications and environmental conditions it gets subjected to. Materials that can be used to manufacture balls include plastic, stainless steel, and glass. Polymer bearings provide numerous advantages over other bearings. This includes resistance to corrosion, chemicals, and fatigue, self-lubrication, lightweight, low co-efficient of friction, and quiet operation. Polymer bearings is an ideal option in applications where steel bearings cannot be used, owing to their corrosive tendencies. Furthermore, they are economical than the other types of bearings. Therefore, these are used in various applications in industries such as food & beverages, textile, medical & pharmaceutical, and electrical. However, polymer ball bearings cannot be subjected to applications involving high loads and prolonged exposure to temperatures exceeding 300°F. This calls for need to use traditional bearings such as stainless steel bearings and ceramic bearings. Ceramic bearings offer numerous advantages. They overcome most limitations generally encountered in the other two bearings, and can be subjected to high temperatures up to 1800°F and high loads. Despite these advantages, ceramic bearings are used less, as they are expensive. Thus, polymer bearings are widely being used, as they are economical and offer large number of advantages. The market for polymer bearings is expected to expand at a steady pace owing to the increasing usage of these bearings in a large number of industrial applications.

Based on the type of ball used in the bearings, the market for polymer bearings can be segmented into plastic ball bearing, glass ball bearing, and stainless steel ball bearing. The choice of the material to be used for balls highly depends on the kind of conditions and applications the bearing is subjected to. Plastic balls are generally used when there is a need of light weight, noise free operation. Glass balls are employed when a comparatively lighter option is required in a metal free application. Glass balls also exhibit less magnetic properties.

Based on end-use industry, the polymer bearings market can be segmented into chemical industry, food & beverages industry, textile industry, and medical & pharmaceutical industry. The usage of polymer bearings is increasing across these industrial segments. The chemical industry segment of the polymer bearings market is anticipated to expand at a steady pace due to the growth in the chemical industry. The chemical industry is witnessing considerable growth due to growing market of pharmaceutical products and consumer goods.

Geographically, the market for polymer bearings can be divided into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. The polymer bearings market is likely to expand significantly in Asia Pacific owing to factors such as rapid industrialization and economic, infrastructural development in countries such as India, China, and Japan.

Key players operating in the polymer bearings market include Schaeffler Group, SKF, Timken Company, RKB Bearing Industries, NSK, and JTEKT Corporation.

The polymer bearings market is projected to expand at a steady pace in the near future due to the increasing usage of these bearings in the industrial segment in countries such as China and Japan in Asia Pacific. The region accounts for major share of the polymer bearings market due to the increasing industrialization and rapid economic & infrastructural development.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Polymer Bearings Market

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