Polymer Bearing Market by End-Use Industry (Automobile, Medical & Pharmaceutical, Textile, Packaging, Elevator, Food, Office Products, Chemical), Type of Material (Phenolics, Acetal, Nylon, Teflon, UHMWPE), and Region - Global Forecast to 2026
[157 Pages Report] The global polymer bearing market is projected to grow from USD 8.00 Billion in 2015 to USD 12.89 Billion by 2026, at a CAGR of 4.4% between 2016 and 2026.
The objectives of this study are:
- To define, describe, and forecast the global polymer bearing market based on type of material, end-use industry, and region
- To analyze and forecast the value (USD million) of the global market
- To provide detailed information regarding key factors influencing the growth of the global market, such as drivers, restraints, opportunities, and industry-specific challenges
- To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions made to the overall market
- To analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
- To forecast the market size in terms of value with respect to five main regions (along with countries), namely, Asia-Pacific, Europe, North America, the Middle East & Africa, and South America
- To strategically profile key players and comprehensively analyze their core competencies
- To analyze competitive developments, such as joint ventures, mergers & acquisitions, new product developments, and research & development activities (R&D) in the global polymer bearing market
The years considered for the study are:
- Base Year 2015
- Estimated Year 2016
- Projected Year 2026
- Forecast Period 2016 to 2026
- For company profiles, 2015 has been considered as the base year. In certain cases, wherein information is unavailable for the base year, the years prior to it have been considered.
Research Methodology
The research methodology used to estimate and forecast the size of the global polymer bearing market began with capturing data on key vendor revenues acquired from secondary sources such as Hoovers, Bloomberg, Chemical Weekly, Factiva, and various other government and private websites. The vendor offerings have also been taken into consideration to determine the market segmentation. After arriving at the overall market size, the total market was split into several segments and subsegments, which were later verified through primary research by conducting extensive interviews with key personnel, such as CEOs, VPs, directors, and executives. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments of the market. The breakdown of profiles of primaries is depicted in the figure below.
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The global polymer bearing market has a diversified ecosystem of upstream players, including raw material suppliers, along with downstream stakeholders, vendors, end users, and government organizations. Companies operating in the global polymer bearing market include SKF (Sweden), Igus (U.S.), BNL Ltd. (U.K.), Boston Gear LLC (U.S.), Dotmar Engineering Plastic Products (Australia), Saint-Gobain S.A. (France), Oiles Corporation (Japan), Kashima Bearings, Inc. (Japan), KMS Bearings, Inc. (U.S.), and Kilian Manufacturing (U.S.), among others.
Target Audience
- Polymer Bearing Producers
- Polymer Bearing Traders, Suppliers, and Distributors
- Government and Research Organizations
- Associations and Industrial Bodies
- Raw Material Suppliers and Distributors
- Shipping Companies
- Industry Associations
This study answers several questions for the stakeholders, primarily the market segments which they need to focus upon during the next two to five years, so that they may prioritize their efforts and investments accordingly.
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This research report categorizes the global polymer bearing market on the basis of type of material, end-use industry, and region, forecasting revenues as well as analyzing trends in each of these submarkets.
On the basis of Type of Material:
- Phenolics
- Nylon
- Teflon
- Acetal
- UHMWPE (Ultra High Molecular Weight Polyethylene)
- Others
On the basis of End-Use Industry:
- Automobile
- Textile
- Medical & Pharmaceutical
- Packaging
- Elevators
- Food Processing
- Office Products
- Chemical Industry
- Photography
- Others
On the basis of Region:
- Asia-Pacific
- Europe
- North America
- Middle East & Africa
- South America
The following customization options are available for the report:
With the given market data, MarketsandMarkets offers customizations as per the companys specific needs. The following customization options are available for the report:
Product Analysis
- Product Matrix, which gives a detailed comparison of the product portfolio of each company.
Geographic Analysis
- Further breakdown of the rest of Asia-Pacific and rest of Europe polymer bearing markets.
Company Information
- Detailed analysis and profiling of additional market players (up to five companies).
The global polymer bearing market is projected to reach USD 12.89 Billion by 2026, at a CAGR of 4.4% between 2016 and 2026. This growth is mainly attributed to the increasing demand for polymer bearings in the Asia-Pacific region. Increasing applicability of polymer bearings in the automobile, medical & pharmaceutical, textile, food processing, chemical, office products, and semiconductor industries further propels the growth of the global polymer bearing market. Polymer bearings are preferred for use on metal surfaces. Polymers offer several advantages over other common bearing materials. Polymer bearings are corrosion and chemical resistant. These bearings do not transfer heat to other areas of the mechanical assembly, as they are self-lubricating and thus, eliminate the possibility of failure due to lack of maintenance.
The phenolics material type segment contributed the largest share to the global polymer bearing market in 2015. This segment is projected to grow at the highest CAGR from 2016 to 2026, owing to the increasing demand for phenolic polymer bearings from varied end-use industries such as automobile, textile, food packaging, and semiconductors. Phenolic polymer bearings also exhibit properties such as excellent strength and shock resistance, coupled with resistance to water, acid, alkali solutions. Phenolic polymeric materials act as self-lubricating materials and replace metal bearings in various applications.
Among all end-use industries, the automobile segment accounted for the largest share of the global polymer bearing market in 2015. The automobile end-use industry segment is projected to grow at the highest CAGR from 2016 to 2026. Polymer bearings are widely used in the automobile industry, owing to their properties such as lightweight, low maintenance, lubrication-free, corrosion & chemical resistant, and high wear & fatigue resistant.
The Asia-Pacific region led the global polymer bearing market in 2015, owing to the rise in demand for polymer bearings from varied end-use industries such as automobile, textile, food processing, medical & pharmaceutical, packaging, and chemical in this region. China, India, and Japan are leading countries in terms of production and consumption of polymer bearings in the Asia-Pacific region. Moreover, the easy availability of raw materials and labor is further anticipated to drive the growth of the polymer bearing market in the Asia-Pacific region.
Factors inhibiting the growth of the global polymer bearing market include slow economic recovery of the European countries and stringent environmental & utilization norms for polymer bearings formulated by various governments and associations. Key market players operating in the global polymer bearing market include SKF (Sweden), Igus Inc. (U.S.), BNL Ltd. (U.K.), Boston Gear LLC. (U.S.), Dotmar Engineering Plastic Products (Australia), Saint-Gobain S.A. (France), Oiles Corporation (Japan), Kashima Bearings, Inc. (Japan), KMS Bearings, Inc. (U.S.), and Kilian Manufacturing (U.S.), among others. New product launches, agreements, expansions, acquisitions, and research & development are some of the key strategies adopted by market players to strengthen their presence in the global polymer bearing market.
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Table of Contents
1 Introduction (Page No. - 14)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency Considered
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 19)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Break Down of Primary Interviews
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
3 Executive Summary (Page No. - 27)
4 Premium Insights (Page No. - 32)
4.1 Attractive Market Opportunities in the Polymer Bearing Market
4.2 Market, By Material Type
4.3 Market
4.4 Market Growth
4.5 Market, By Material Type
4.6 Market: Developing vs Developed Nations
5 Market Overview (Page No. - 37)
5.1 Introduction
5.2 Market Segmentation
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Cost-Effective Production of Polymer Bearings in Asia-Pacific
5.3.1.2 Increasing Demand for Polymer Bearings From End-Use Industries
5.3.2 Restraints
5.3.2.1 Stringent Government Rules and Regulations Related to Use of Polymer Bearings in the Food Processing and Packaging Industry
5.3.2.2 Volatility of Raw Material Prices
5.3.3 Opportunities
5.3.3.1 Growth Prospects in Developing Economies
5.3.3.2 New Product Innovation and Development
5.3.4 Challenges
5.3.4.1 Growing Price Cutting Measures and Lack of Awareness About Advantages of Polymer Bearings Over Metal Bearings
5.4 Cost Structure Analysis
6 Industry Trends (Page No. - 46)
6.1 Revenue Pocket Matrix
6.1.1 Revenue Pocket Matrix for Polymer Bearing Market, By End-Use Industry, 2015
6.1.2 Revenue Pocket Matrix for Polymer Bearing, By Material Type, 2015
6.2 Economic Indicators
6.2.1 Industry Outlook
6.2.1.1 Automobile
6.2.1.2 Medical & Pharmaceutical
6.2.1.3 Manufacturing
6.2.1.4 Oil & Gas Industry
7 Polymer Bearing Market, By End-Use Industry (Page No. - 51)
7.1 Introduction
7.2 Automobile End-Use Industry
7.3 Medical & Pharmaceutical End-Use Industry
7.4 Textile End-Use Industry
7.5 Packaging End-Use Industry
7.6 Elevators End-Use Industry
7.7 Food End-Use Industry
7.8 Office Products End-Use Industry
7.9 Chemical End-Use Industry
7.10 Photography End-Use Industry
7.11 Other End-Use Industries
8 Polymer Bearing Market, By Type of Material (Page No. - 61)
8.1 Introduction
8.2 Phenolics
8.3 Nylon
8.4 Teflon
8.5 Acetal
8.6 Ultra-High Molecular Weight Polyethylene (UHMWPE)
8.7 Others
9 Polymer Bearing Market, By Region (Page No. - 68)
9.1 Introduction
9.2 Asia-Pacific
9.2.1 China
9.2.2 Japan
9.2.3 India
9.2.4 South Korea
9.2.5 Thailand
9.2.6 Australia
9.2.7 Singapore
9.2.8 Rest of Asia-Pacific
9.3 Europe
9.3.1 Germany
9.3.2 France
9.3.3 U.K.
9.3.4 Italy
9.3.5 Spain
9.3.6 Russia
9.3.7 Rest of Europe
9.4 North America
9.4.1 U.S.
9.4.2 Canada
9.4.3 Mexico
9.5 Middle East & Africa
9.5.1 Saudi Arabia
9.5.2 Qatar
9.5.3 Turkey
9.5.4 Rest of Middle East & Africa
9.6 South America
9.6.1 Brazil
9.6.2 Argentina
9.6.3 Peru
9.6.4 Rest of South America
10 Competitive Landscape (Page No. - 121)
10.1 Overview
10.2 Polymer Bearing Market: Company Share Analysis
10.3 New Product Launches
10.4 Agreements
10.5 Expansions
10.6 Investments
11 Company Profiles (Page No. - 125)
(Overview, Financial*, Products & Services, Strategy, and Developments)
11.1 Introduction
11.2 SKF
11.3 BNL Ltd.
11.4 IGUS Inc.
11.5 Boston Gear LLC
11.6 Dotmar Engineering Plastic Products
11.7 Saint-Gobain S.A.
11.8 Oiles Corporation
11.9 Kashima Bearings, Inc.
11.10 Kms Bearings, Inc.
11.11 Kilian Manufacturing
11.12 Other Key Players
*Details Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 150)
12.1 Discussion Guide
12.2 Knowledge Store: Marketsandmarkets Subscription Portal
12.3 Available Customizations
12.4 Related Reports
12.5 Author Details
Table of Contents (95 Tables)
Table 1 Global Polymer Bearing Market Snapshot
Table 2 Polymer Bearing Market, By End-Use Industry
Table 3 Polymer Bearing Market, By Material Type
Table 4 Polymer Bearing Cost Structure Analysis
Table 5 International Car Sales Outlook
Table 6 Polymer Bearing Market, By End-Use Industry, 20142026 (USD Million)
Table 7 Polymer Bearing Market for Automobile End-Use Industry, By Region, 20142026 (USD Million)
Table 8 Polymer Bearing Market for Medical & Pharmaceutical End-Use Industry, By Region, 20142026 (USD Million)
Table 9 Polymer Bearing Market for Textile End-Use Industry, By Region, 20142026 (USD Million)
Table 10 Market for Packaging End-Industry, By Region, 20142026 (USD Million)
Table 11 Market for Elevators End-Use Industry, By Region, 20142026 (USD Million)
Table 12 Market for Food End-Use Industry, By Region, 20142026 (USD Million)
Table 13 Market for Office Products End-Use Industry, By Region, 20142026 (USD Million)
Table 14 Market for Chemical End-Use Industry, By Region, 20142026 (USD Million)
Table 15 Market for Photography End-Use Industry, By Region, 20142026 (USD Million)
Table 16 Market for Other End-Use Industries, By Region, 20142026 (USD Million)
Table 17 Market, By Material Type, 20142026 (USD Million)
Table 18 Phenolics Polymer Bearing Market, By Region, 20142026 (USD Million)
Table 19 Nylon Polymer Bearing Market, By Region, 20142026 (USD Million)
Table 20 Teflon Polymer Bearing Market, By Region, 20142026 (USD Million)
Table 21 Acetal Polymer Bearing Market, By Region, 20142026 (USD Million)
Table 22 UHMWPE Polymer Bearing Market, By Region, 20142026 (USD Million)
Table 23 Other Materials Polymer Bearing Market, By Region, 20142026 (USD Million)
Table 24 Polymer Bearing Market, By Region, 20142026 (USD Million)
Table 25 Asia-Pacific Polymer Bearing Market, By End-Use Industry, 20142026 (USD Million)
Table 26 Asia-Pacific Market, By Country, 20142026 (USD Million)
Table 27 Asia-Pacific Market, By Material Type, 20142026 (USD Million)
Table 28 China Market, By End-Use Industry, 20142026 (USD Million)
Table 29 China Market, By Material Type, 20142026 (USD Million)
Table 30 Japan Market, By End-Use Industry, 20142026 (USD Million)
Table 31 Japan Market, By Material Type, 20142026 (USD Million)
Table 32 India Market, By End-Use Industry, 20142026 (USD Million)
Table 33 India Market, By Material Type, 20142026 (USD Million)
Table 34 South Korea Market, By End-Use Industry, 20142026 (USD Million)
Table 35 South Korea Market, By Material Type, 20142026 (USD Million)
Table 36 Thailand Market, By End-Use Industry, 20142026 (USD Million)
Table 37 Thailand Market, By Material Type, 20142026 (USD Million)
Table 38 Australia Polymer Bearing Market, By End-Use Industry, 20142026 (USD Million)
Table 39 Australia Market, By Material Type, 20142026 (USD Million)
Table 40 Singapore Market, By End-Use Industry, 20142026 (USD Million)
Table 41 Singapore Market, By Material Type, 20142026 (USD Million)
Table 42 Rest of Asia-Pacific Polymer Bearing Market, By End-Use Industry, 20142026 (USD Million)
Table 43 Rest of Asia-Pacific Market, By Material Type, 20142026 (USD Million)
Table 44 Europe Polymer Bearing Market, By End-Use Industry, 20142026 (USD Million)
Table 45 Europe Market, By Country, 20142026 (USD Million)
Table 46 Europe Market, By Material Type, 20142026 (USD Million)
Table 47 Germany Market, By End-Use Industry, 20142026 (USD Million)
Table 48 Germany Market, By Material Type, 20142026 (USD Million)
Table 49 France Market, By End-Use Industry, 20142026 (USD Million)
Table 50 France Market, By Material Type, 20142026 (USD Million)
Table 51 U.K. Market, By End-Use Industry, 20142026 (USD Million)
Table 52 U.K. Market, By Material Type, 20142026 (USD Million)
Table 53 Italy Market, By End-Use Industry, 20142026 (USD Million)
Table 54 Italy Market, By Material Type, 20142026 (USD Million)
Table 55 Spain Market, By End-Use Industry, 20142026 (USD Million)
Table 56 Spain Market, By Material Type, 20142026 (USD Million)
Table 57 Russia Market, By End-Use Industry, 20142026 (USD Million)
Table 58 Russia Market, By Material Type, 20142026 (USD Million)
Table 59 Rest of Europe Polymer Bearing Market, By End-Use Industry, 20142026 (USD Million)
Table 60 Rest of Europe Market, By Material Type, 20142026 (USD Million)
Table 61 North America Market, By End-Use Industry, 20142026 (USD Million)
Table 62 North America Market, By Country, 20142026 (USD Million)
Table 63 North America Market, By Material Type, 20142026 (USD Million)
Table 64 U.S. Polymer Bearing Market, By End-Use Industry, 20142026 (USD Million)
Table 65 U.S. Market, By Material Type, 20142026 (USD Million)
Table 66 Canada Polymer Bearing Market, By End-Use Industry, 20142026 (USD Million)
Table 67 Canada Market, By Material Type, 20142026 (USD Million)
Table 68 Mexico Market, By End-Use Industry, 20142026 (USD Million)
Table 69 Mexico Polymer Bearing Market, By Material Type, 20142026 (USD Million)
Table 70 Middle East & Africa Market, By End-Use Industry, 20142026 (USD Million)
Table 71 Middle East & Africa Market, By Country, 20142026 (USD Million)
Table 72 Middle East & Africa Polymer Bearing Market, By Material Type, 20142026 (USD Million)
Table 73 Saudi Arabia Market, By End-Use Industry, 20142021 (USD Million)
Table 74 Saudi Arabia Market, By Material Type, 20142021 (USD Million)
Table 75 Qatar Market, By End-Use Industry, 20142026 (USD Million)
Table 76 Qatar Market, By Material Type, 20142026 (USD Million)
Table 77 Turkey Market, By End-Use Industry, 20142026 (USD Million)
Table 78 Turkey Market, By Material Type, 20142026 (USD Million)
Table 79 Rest of Middle East & Africa Market, By End-Use Industry, 20142026 (USD Million)
Table 80 Rest of Middle East & Africa Market, By Material Type, 20142021 (USD Million)
Table 81 South America Polymer Bearing Market, By End-Use Industry, 20142021 (USD Million)
Table 82 South America Market, By Country, 20142026 (USD Million)
Table 83 South America Market, By Material Type, 20142021 (USD Million)
Table 84 Brazil Market, By End-Use Industry, 20142026 (USD Million)
Table 85 Brazil Market, By Material Type, 20142026 (USD Million)
Table 86 Argentina Polymer Bearing Market, By End-Use Industry, 20142021 (USD Million)
Table 87 Argentina Market, By Material Type, 20142021 (USD Million)
Table 88 Peru Polymer Bearing Market, By End-Use Industry, 20142021 (USD Million)
Table 89 Peru Market, By Material Type, 20142021 (USD Million)
Table 90 Rest of South America Market, By End-Use Industry, 20142021 (USD Million)
Table 91 Rest of South America Polymer Bearing Market, By Material Type, 20142021 (USD Million)
Table 92 New Product Launches, 2011-2016
Table 93 Agreements, 2015
Table 94 Expansions, 2015
Table 95 Investments, 2015
List of Figures (38 Figures)
Figure 1 Polymer Bearing Market: Research Design
Figure 2 Breakdown of Primary Interviews, By Company, Designation, and Region
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Automobile End-Use Industry Projected to Lead the Global Polymer Bearing Market Between 2016 and 2021
Figure 6 Based on Material Type, Phenolics Segment Anticipated to Lead the Polymer Bearing Market By 2021
Figure 7 Polymer Bearing Market, By Region, 2015
Figure 8 Asia-Pacific Projected to Grow at the Highest CAGR Between 2016 and 2021
Figure 9 Polymer Bearing Market Projected to Witness Significant Growth Between 2016 and 2021
Figure 10 Phenolics Segment Anticipated to Grow at the Highest CAGR Between 2016 and 2021
Figure 11 Automobile End-Use Industry Accounted for the Largest Share of the Polymer Bearing Market in 2015
Figure 12 Asia-Pacific to Grow at the Highest CAGR Between 2016 and 2021
Figure 13 Phenolics Segment Estimated to Account for the Largest Share of the Polymer Bearing Market in 2016
Figure 14 Emerging Nations to Grow at the Highest CAGR Between 2016 and 2021
Figure 15 Polymer Bearing Market, By Region
Figure 16 Increasing Demand for Polymer Bearings in Emerging Economies Projected to Fuel Market Growth Between 2016 and 2021
Figure 17 Global Automobile Production Data, 2011 - 2015
Figure 18 Average Crude Oil Prices , 2005 - 2016
Figure 19 Polymer Bearing Cost Structure Analysis
Figure 20 Revenue Pocket Matrix: Polymer Bearing Market, By End-Use Industry, 2015
Figure 21 Revenue Pocket Matrix: Polymer Bearing Market, By Material Type, 2015
Figure 22 Manufacturing Industry Growth Rate, 2015
Figure 23 Oil Production, By Region, 2013-2014
Figure 24 Market, By End-Use Industry, 2016 & 2021 (USD Million)
Figure 25 Market, By Material Type, 2016 & 2021 (USD Million)
Figure 26 Regional Snapshot (2016-2021):
Figure 27 Asia-Pacific Polymer Bearing Market Snapshot
Figure 28 Europe Polymer Bearing Market Snapshot
Figure 29 North America Polymer Bearing Market Snapshot
Figure 30 Middle East & Africa Polymer Bearing Market Snapshot
Figure 31 South America Polymer Bearing Market Snapshot
Figure 32 Polymer Bearing Market: Company Share Analysis, 2015 (%)
Figure 33 Battle for Market Share: New Product Launches Was the Key Growth Strategy
Figure 34 Regional Revenue Mix of Top Market Players
Figure 35 SKF: Company Snapshot
Figure 36 BNL Ltd.: Company Snapshot
Figure 37 Saint-Gobain S.A.: Company Snapshot
Figure 38 Oiles Corporation: Company Snapshot
Growth opportunities and latent adjacency in Polymer Bearing Market