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PMR Report- Polymer Bearing Market Sizing with Competitive Landscape by 2026

Press Release   •   Feb 03, 2017 05:01 EST

Bearing is the precision made, highly engineered machine element that is used in almost all gadgets in our day to day life ranging from electric shaver to the cars. It reduces friction between two moving parts, bear stress, and enable rotational or linear movement with ease and efficiency. From year’s metal or bronze bearing was preferred over polymer bearing due to the belief that polymer bearing could not stand to tuff applications or environmental conditions. However, polymer bearing conquered this belief and now widely accepted by many distinct domain end users, especially automobile due to adhering properties such as lightweight, lubricant-free, high wear & fatigue resistant, and high corrosion & chemical resistant. In automobile industry, polymer bearing is used to manufacture belt tensioners, center armrests, variable intake systems, stub axels, convertible top systems, gear actuators, steering systems, pedal systems, seating systems, door hinges, and throttle valves, among others. There are several types of polymer bearing depending upon the material it is made up of, among them, phenolic is the extensively used polymer bearing.

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As compared to metaI bearing, polymer bearing is conquering bearing market because of the properties such as cost efficient, maintenance free and control in noise. Due to these assets buyer’s perception is changed, landing it to shift in their preference. Now the trend is changing and end users are very much aware of the fact that polymer bearing is more versatile, economical and cleaner. Above mentioned factors are the primary causes that propel the growth of polymer bearing market.

An automobile industry is the largest end user for polymer bearing followed by food and beverages, chemical and packaging among others. However, there are strict rules and regulations applied by the government in the usage of polymer bearing for packaging and food & beverage industries. Due to this restriction, polymer bearing has a limited growth in these sectors.

Based on the geographies, polymer bearing market is segmented into seven regions - North America polymer bearing market, Latin America polymer bearing market, Eastern Europe polymer bearing market, Western Europe polymer bearing market, APEJ polymer bearing market, Japan polymer bearing market and the Middle East & Africa polymer bearing market. Countries such as China, India, Taiwan, Korea and Japan are the leading countries in terms of production and consumption of polymer bearing. This is because of the growth in establishing new manufacturing plants of automotive, food processing and chemical industries in these countries. Moreover easy availability of raw material and labor in these countries are anticipated other factors for making Asia Pacific excluding Japan leading region in polymer bearing market followed by Japan. Overall, globally polymer bearing market expected to register significant growth rate over the forecast period.

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Some of the few players accounting over global, polymer bearing market include SKF, Kilian Manufacturing, BNL Ltd., KMS Bearings, Inc., Boston Gear LLC., Igus Inc., Dotmar Engineering Plastic Products, Saint-Gobain S.A , Kashima Bearings, Inc., and Oiles Corporation.

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